In March 1998 professional colleagues and students of T.N. Srinivasan joined together at the Festschrift Conference at Yale to honor his work. The book contains nineteen of the contributions which were presented, reflecting the four closely related dimensions of trade and development. Part I deals with the various dimensions of the issue of growth with particular emphasis on technology choice as well as saving and fertility behavior in Ramsey-type models. Part II moves into the more applied issues of International trade, including the impact of North-South trade on Northern wages, the reasons...

In recent years, there has been renewed interest in index number and aggregation theory, since the two previously divergent fields have been successfully unified. The underlying aggregator functions which are weakly separable subfunctions of utility and production functions, are the building blocks of economic theory, and the derivation of index numbers based upon their ability to track those building blocks is now called the "economic theory of index numbers." William Barnett, the coeditor of this volume, introduced modern economic index number theory into monetary economics. His merger of...

This book consists of a selected subset of papers presented at the International Symposium of Linked Employer-Employee Data, held in Washington DC, in May 1998 - to address the creation and analysis of such matched data in an environment that safeguards respondent confidentiality. The conference brought together a wide range of social scientists and statisticians from more than 20 countries. Three broad themes are highlighted: the analysis of linked employer-employee data (The basic finding of this and the next section is that the firm matters a good deal in explaining the differences in...

Panel Data and Structural Labour Market Models" is the latest volume in a series of four, reporting on the original work of an international group of scholars with research interests in the performance of the labour markets that condition the dynamic labour market experiences of individual workers. The book contains papers focusing on theoretical and empirical modelling of the labour market covering both wage equilibrium models and models for labour market transition. Contributions range from the theoretical or econometric through empirical structural methods and exploratory data analysis...

In the Netherlands, CPB often adopts the MIMIC model to explore the structural labour market implications of changes in the tax and social-insurance system. This applied general-equilibrium model combines microeconomic theory with a rich institutional detail and a firm empirical basis. This book describes the structure of MIMIC and discusses a large number of policy measures that have been proposed during the last five years. Moreover, it elaborates on proposals that are currently in discussion, such as the flat tax. To ease the understanding of the model, we also present a core version with...

Trade theories predict and explain the consequences of economic integration. Generally, they show that freer international trade leads to specialisation, technological convergence and faster economic growth. This study compares the conclusions of the trade theories with empirical observations of economic changes in the European Union. These empirical analyses show that the main conclusions also hold empirically. However, many detailed empirical observations often contrast the theoretical expectation. Hence, although the trade theories do predict the general changes correctly, they are not...

"Technological Change and the Dynamics of Industries" focuses on variances in the structural and dynamic properties of manufacturing industries. By exploring the theoretical and empirical literature in industrial economics, by using a longitudinal firm-level database, and by developing and simulating a model on industrial dynamics, the following results are shown. Empirically, both the technological regime framework as well as the product or industry life cycle approach can explain differences between industries. Theoretically, it is shown that the differences in the timing and frequency of...

This book is concerned with the methods by which the dynamics of endogenous economic growth systems may be analysed and numerically computed, and with the validation of such numerical computations through qualitative economic reasoning. The methods comprise linearization, phase-space analysis and a variety of numerical integration techniques. In particular, the book provides a detailed examination of the transitional dynamics (the movement from some current state towards a steady-state equilibrium) of the influential endogenous growth model from Paul Romer's 1990 Journal of Political Economy...

This title is concerned with the investigation of the contemporary financial issues of the e-commerce market.

This book examines sequential coalition formation in oligopolies. Coalitions refer to mergers and acquisitions, cartels, and associations. The principal aim is the prediction and explanation of the coalition structure - whether an industry will emerge as a monopoly, say, or as a collection of sub-coalitions. In environments where decisions to form coalitions are made sequentially, the prediction and explanation of the equilibrium coalition structure can differ dramatically from the textbook simultaneous-move model. This difference derives from the knowledge effect, which is unique to the...