Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while the education composition of employment has evolved in a surprisingly parallel fashion. In this paper, we propose and test an explanation to these conflicting patterns. The model we present has two important elements: (1) technological change arises in the form of an alternativ...

One of the most important issues in all stages of mining study is capital cost estimation. Determination of capital expenditure is a challenging issue for mine designers. In recent decade, quite a few number of studies have focused on proposing estimation models to predict mining capital cost. However, these efforts have not achieved to a predictor model with reliable range of error. Both of ov...

Technological upgrading and increases in capital intensity have been championed in the organized manufacturing sector in India on the grounds that such measures improve productivity, efficiency and competitiveness. In a developing economy, these are costly propositions. Also, the effect of technological changes on productivity and efficiency levels must be estimated before implementing such pol...

Financial dealer firms have invested heavily in recent years to develop information systems for risk measurement. I take it as given that technological progress is likely to continue at a rapid pace, making it less expensive for financial firms to assemble risk information. I look beyond questions of risk measurement methodology to investigate the implications of risk management information sys...

We develop a growth model with endogenous technological progress in which the financial sector plays an explicit role. Thereby we discuss the role of different financial regimes in the growth process. We contrast a bank-dominated financial system with a market-dominated system. In the first one a financial intermediary (a bank) is able to solve informational problems, however, at a cost. There ...

Based on the research of relationship between corporate social capital and technology innovation, this paper raised conceptual models and theoretical assumptions of corporate social capital influencing technological innovation performance, and analyzed in depth how the corporate social capital affected corporate technology innovation performance by using resource acquisition, according to quest...

In this paper, I develop a regression-based system of labor productivity equations which account for capital-embodied technological change and I incorporate this system into IDLIFT, a structural, macroeconomic input-output model of the U.S. economy. Builders of regressionbased forecasting models have long had difficulty finding labor productivity equations that exhibit the “Solowian” property t...

In this paper we present an algorithm that deals with trade interactions within a multi-region model. In contrast to traditional approaches this algorithm is able to handle spillover externalities. We focus on technological spillovers which are due to capital trade. The algorithm of finding a paretooptimal solution in an intertemporal framework is embedded in a decomposed optimization process. ...