Download e-book for iPad: Aspects of Globalisation: Macroeconomic and Capital Market by Christopher Tsoukis, George M. Agiomirgianakis, Tapan Biswas

By Christopher Tsoukis, George M. Agiomirgianakis, Tapan Biswas

ISBN-10: 1441988815

ISBN-13: 9781441988812

ISBN-10: 1461347033

ISBN-13: 9781461347033

Reflecting at the breadth of its scope, Aspects of Globalisation is meant to serve a various viewers. Being on the vanguard of study, it may attract teachers, researchers and postgraduate scholars drawn to new techniques and concepts for destiny learn. To this finish, the editors have inspired the individuals to pursue diversified topics and lift new matters, procedure their subject material in an analytically rigorous method, and to incorporate really prolonged overview sections inside their papers, so that it will cause them to worthwhile to a much wider readership. moreover, different methodologies are undefined, together with the common use of state of the art econometrics, reflecting the new development in monetary research. both importantly, the various papers provide uncomplicated coverage conclusions and may as a result be of direct relevance to policy-minded analysts and policy-makers.

We therefore desire that the papers integrated right here will impress additional learn and ideas in addition to give a contribution to ongoing coverage debates. Its range, rigour and scope might be optimistic attributes of the quantity and will make it an invaluable resource of knowledge for researchers and policy-makers alike.

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J. and 1" Rojas-Suarez (1994), Liberalisation of the Current Account: Experiences and Issues, in Leiderman and Razin (1994) Mills, J. and K. Prasad (1992), Comparison of Models Selection Criteria, Econometric Theory, 11,210-33. M. (1988): Are Saving and Investment Cointegrated? Economics Letters, 27,31-34. , and P. Pen'on (1995), Unit Root Test in ARMA Models with Data-Dependent Methods for the Selection ofthe Truncation Lag, Journal ofthe American Statistical Association, 90,268-81. Obstfeld, M.

If emigration has negative externality on the performance of the labor force (because the emigrants are usually the more skilled professional workers), the MP s curve shifts downwards. For the sake of simplicity, assume that all workers in the North are skilled so that immigration does not affect the MPN curve. The new equilibrium with migration is Ell. Although, the capital-labor ratio goes still higher up in the South, the per capita production function shifts downwards. If the negative externality effect is strong enough, the per capita output of the workers will go down.

Although in this paper we are concerned with the economic factors behind migration, economic factors alone do not explain the migration from the South to the North. Religious and racial conflicts, war, degrading working conditions in the labor market, absence of social security, colonial linkage and a host of other factors play important roles in the decision to emigrate. A. It is clear that language 22 Chapter 2 and political uncertainty (in case of Iran and Vietnam) are significant factors in the decision to emigrate.

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Aspects of Globalisation: Macroeconomic and Capital Market Linkages in the Integrated World Economy by Christopher Tsoukis, George M. Agiomirgianakis, Tapan Biswas

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