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... and analysis of the home sector has by now becomea fairly standard feature of economic models in business cycle research: see, for example, 1 This is illustrated in Bond, Wang and Yip ...
... will be biased because the 1 More precisely, our model incorporates a general version of two-sector model. See, for example, Mulligan and Sala-iMartin[1993], Bond, Wang, and Yip ...
For endogenous growth models, Bond, Wang and Yip [4]studiedatwo-sector model of closed economy. It was extended to an open economy model by Bond, Traskand Wang[5].
However, this possibility is not identically linked to the reversal of value and physical intensities. 2 For example, Lucas (1988) and Bond, Wang, and Yip (1996) examine a closed ...
Adding to the confusion, studies with other methods have identified contexts in which Chinese people compete aggressively in conflicts (Bond& Wang, 1983; Pye, 1982).
Condition FP guarantees the existence of a solution. 7 Q.E.D. 156 BOND, WANG, AND YIP 6 For example, suppose the production processes in both sectors have fixed coefficients ...
Thus, one can easily reconcile the findings regarding saddle-path stability and dynamic indeterminacy in Bond, Wang and Yip (1996) and those in Benhabib, Mengand Nishimura ...
One of the mechanisms is differential factor tax rates, initiated in Bond, Wang and Yip (1996) and followed by Raurich (2001). The other mechanism is sector-specific ...
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