Economics Working Papers, Economics Research Paper

This report analyses the influence of outsourcing on individual wages. As opposed to the conventional technique in the literature, we concentrate on domestic outsourcing along with foreign outsourcing. Employing a straightforward theoretical model, we debate ...

In this document, we offer fresh proof on consumer liquidity constraints and also the credit market conditions that may cause them. The evaluation is founded on distinctive data from a big automobile sales organization which ...

This report inspects currency crisis theories and applies them while seeking the prime causes of the Russian crisis. We initially review the determination of the exchange rate and then the first and second generation theories ...

This report explains an individual choice experiment which you can use to teach students how to properly account for opportunity costs in production decisions. Individuals act as producers who need a fuel input and an ...

Current arguments, inspired partially by the new fiscal theory of price level, indicate that fiscal deficits challenge price stability in transition economies. This particular report deals with these claims by analyzing vector-autoregressive models of inflation ...

This paper focuses on the yield prospects of wheat, rice and maize since these cereals dominate human diet, and since continued yield growth is considered the major route to meeting future global demand for food, ...

Socially embedded features in Japanese markets and how market activities in Japan deviate from the West have attracted considerable attention from a wide range of scholars in the social sciences. But the period of economic ...

The main purpose of the paper is to provide a mathematical background for the theory of bond markets similar to that available for stock markets. We suggest two constructions of stochastic integrals with respect to ...

One of the greatest problems facing many Sub-Saharan African countries today is the amount of their external indebtedness. The external debt problem is becoming more acute for a number of reasons. First, the size of ...

The paper is intended to explain low sensitivity of employment decisions observed in transition economies where insider ownership prevails and capital markets are not highly developed. We introduce a stability concept for employment levels of ...