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Book Essays on Economic Integration and Labour Demand

Download or read book Essays on Economic Integration and Labour Demand written by Elisa Riihimäki and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Essays on Economic Integration and Labour Markets

Download or read book Essays on Economic Integration and Labour Markets written by Andromachi S. Piperakis and published by . This book was released on 2004 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Essays on economic integration

Download or read book Essays on economic integration written by and published by Rozenberg Publishers. This book was released on 2006 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Essays on Labor Markets and Economic Integration in Mexico

Download or read book Essays on Labor Markets and Economic Integration in Mexico written by Pablo Ibarraran and published by . This book was released on 2004 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Essays on Socio economic Integration of Migrants in the UK Labour Market

Download or read book Essays on Socio economic Integration of Migrants in the UK Labour Market written by Nephat Shumba and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Essays in Economic Globalization  Transnational Policies and Vulnerability

Download or read book Essays in Economic Globalization Transnational Policies and Vulnerability written by Alexander Kouzmin and published by IOS Press. This book was released on 1999 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: The liberalization of trade and its questionable benefit; the increasing fluidity in the movement of people and trade across geo-political divides; the emergence of unregulated virtual trade and its implications on domestic economic policy; and the social implications of the new world order are all issues demanding on-going critical examination from a perspective beyond the common lens of neo-liberal economics. Such an examination is pursued in Kouzmin and Hayne edited volume Essays in Economic Globalization, Transnational Policies and Vulnerability, a collection of 13 diverse, challenging and, often, cautionary chapters contributed by an international cohort of scholars.

Book Openness for Prosperity

Download or read book Openness for Prosperity written by Herbert Giersch and published by MIT Press. This book was released on 1993 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demonstrates the essential connection between theoretical academic research and the creation of economic policy, reflecting his belief that the study of economics should lead to improvement of the social order and of the quality of human life. Herbert Giersch is one of Germany's most prominent economists and an outstanding contributor to the debate on European economic policy. Openness for Prosperity brings together his major essays in macroeconomic policy, written or published over the past two and a half decades. In these twenty nontechnical essays, Giersch clearly demonstrates the essential connection between theoretical academic research and the creation of economic policy, reflecting his belief that the study of economics should lead to improvement of the social order and of the quality of human life. Some of the policy positions that Giersch favors are free trade, limits to government, and openness of economies to future possibilities.The chapters are arranged in two parts with the first focusing on economic growth and structural change and the second on issues of monetary policy, inflation, and exchange rates. The essays are arranged chronologically according to the dates of publication or writing to suggest how topics and emphases have changed over time.The first part, reflecting Giersch's support of Schumpeter's views, includes essays on aspects of growth, protectionism in foreign trade, the role of entrepreneurship in the 1980s, prospects and problems for European economic integration in the 1990s, the lessons to be learned from West Germany's transition to a market economy, and the author's vision of the European and world economies at the end of this century. In the second part, essays address such issues as flexible exchange rates, indexation, IMF surveillance over exchange rates, neglected aspects of inflation, the effect of central bank independence on monetary policy, and the relationship between real exchange rates and comparative economic growth.

Book Essays in International Economics

Download or read book Essays in International Economics written by Peter B. Kenen and published by Princeton University Press. This book was released on 2019-01-29 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written form 1957 through 1978 by one of the foremost authorities in the field of international economics, this collection of Peter Kenen's previously published essays deals with issues in the pure theory of international trade, international monetary theory, and international monetary reform. The essays in Part I, "Trade, Tariffs, and Welfare," concern the roles of tangible and human capital in the determination of trade patterns, the joint determination of demand conditions and trade patterns, the gains from international trade, and the effects of migration on economic welfare. Part II, "International Monetary Theory and Policy," contains essays on the theory of gold-exchange standard, the determination of forward exchange rates, the demand for international reserves, economic integration and the delineation of currency areas, and the process of balance of payments adjustment under pegged and floating exchange rates. The essays in Part III, "Monetary Reform and the Dollar," are arranged in chonological order, from 1963 through 1977, and focus on the problems and progress of international monetary reform and on the functioning of the present international monetary system. Peter B. Kenen is Walker Professor of Economics and International Finance at Princeton University. The Princeton Sereies of Collected Essays provides facsimile reprints, in paperback and in cloth, of important articles by leading scholars. Originally published in 1981. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Book Economic Globalization and Governance

Download or read book Economic Globalization and Governance written by Luís Brites Pereira and published by Springer Nature. This book was released on 2020-10-16 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reflecting the diverse and profound changes triggered by the latest wave of economic globalization, this book highlights various governance responses at national, regional and global levels. The topics covered are wide-ranging and include economic history and development, European integration, exchange rate arrangements, industrial and labor economics, international cooperation and multilateralism, and public choice. The book is divided into three parts: The first part, which contains contributions by Barry Eichengreen and Marc Flandreau, is devoted to economic history. The second part examines open economy macroeconomics with a focus on Europe, including contributions by Jurgen von Hagen and Paul Krugman. The third part presents contributions to international political economy, and related interdisciplinary topics. This Festschrift is written in honor of Jorge Braga de Macedo, Professor Emeritus of Economics at the Nova School of Business and Economics and a distinguished Portuguese academic whose work has an impressive global reach. The contributions, written by a selection of international authors, deal with his oeuvre covering the wide range of topics broached in this book, as his publication record amply attests.

Book Three Essays on Economic Development

Download or read book Three Essays on Economic Development written by Paula Luciana Méndez Errico and published by . This book was released on 2014 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main objective of this dissertation is to study some of the mechanisms suggested by the economic literature as factors that could prevent individuals from attaining certain domains of well-being. This thesis is divided in three independent essays providing new evidence on three issues within the field of economic development: the effect of social networks on immigrants' labor market outcomes (first essay), the long-lasting impact of income inequality on entrepreneurial success and job creation (second essay), and the importance of multiple abilities, parental educational background and race in explaining educational gaps (third essay). I explain the goal and findings of these three essays next. The first essay "The impact of social networks on immigrants' employment prospects: the Spanish case 1997-2007" analyzes the factors that could affect immigrants' integration in the host country. Specifically, I study the extent to which social networks affect job match and wages for immigrants in Spain. By focusing on social networks impact on labor market outcomes, I contribute to the empirical literature by addressing a less explored channel through which immigrants' social and economic integration could be affected. The findings suggest that social networks are likely to help immigrants to find a job in the short-run, but may limit opportunities to fully integrate in the longer term. These results shed light on the importance of social networks preventing immigrants' integration, as well as help to orientate the design of integration policies for immigrants living in Spain. The second essay "The Long-Term Effect of Inequality on Entrepreneurship and Job Creation" studies the extent to which initial conditions understood as income inequality in 1700s and 1800s, and credit market institutions, can condition entrepreneurship and job creation to flourish over time. This essay adds to the literature on the long-lasting effects of income inequality on economic development by empirically testing the predictions of the model by Banerjee and Newman (1993). This model predicts that countries with initially low income inequality would grow over time aided by a strong entrepreneurial sector. A contrasting equilibrium could be reached if a country starts with a high ratio of poor to wealthy people. In this case development runs out of steam. The findings of this essay give empirical support to the predictions of the model, showing that historical income inequality and current credit market imperfections prevent firms to be created and surviving over time, at the time that affect job creation over time. To the best of our knowledge, this article is the first one that tests the long-term effects of inequality on occupational choice. The third essay, entitled "Schooling progression in Uruguay: why some children are left behind?" studies the impact of parental traits on children's educational attainment in Uruguay. Specifically, I analyze whether long-term parental background, crystallized by parental educational background, race, cognitive and non-cognitive abilities, and short-term family income measured by the opportunity cost of education, affect child' schooling progression, and at what stage of the educational path they take on their importance. The results show that parental educational background, cognitive and non-cognitive abilities have effects of diverse magnitude across stages of the educational path. Long-term parental background has increasing effect over the children's schooling progression in comparison to short-term parental income as it decreases its significance when students progress to higher schooling stages. Specifically, cognitive ability has increasing effects on the students' likelihood of dropping out across the educational path. Motivation and risky behavior measuring non-cognitive ability also influence children's schooling completion at early stages of education.

Book The World Economy in Perspective

Download or read book The World Economy in Perspective written by Herbert Giersch and published by . This book was released on 1991 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Herbert Giersch's contribution to economics has ranged widely over international economics, European integration and the economics of entrepreneurship.

Book Essays on Economic Integration and Inequality

Download or read book Essays on Economic Integration and Inequality written by Mingzhi Xu and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic activities worldwide are becoming increasingly integrated, in terms of freely traded consumption, globalized production as well as information sharing alike. The tightened linkages are thought to improve resource allocation, promote technology transfer and enhance living standard, while the challenge for policymakers is to ensure that these benefits are sufficiently widely shared. It highlights the importance of understanding how economic integration affects labor. My dissertation focuses on the how integration shapes the organization of production and the effects on the well-being. The first chapter focuses the impacts of integration by removing information transmission barrier on the diffusion of economic activities as well as its welfare and inequality consequence. The paper studies the aggregate and distributional impacts of high-speed railways (HSR) in an economy with internal trade and migration costs. I make two contributions to the understanding of the impacts of large transportation infrastructure projects. Firstly, taking advantage of the rapid expansion as plausible exogenous shocks that improves firm-to-firm matching efficiency across regions over time, I identify the causal relationship between HSR connection and exporting performance in case of China. We find the connection to HSR significantly promotes a region's exports. Besides the direct impact, I also find the positive spillovers of HSR, and such effect is stronger in areas closer to HSR hubs. Our second contribution is to shed light on the mechanisms at work by relating the HSR-driven regional outsourcing to the HSR-driven increases in welfare and inequality. To do so, I construct and calibrate a quantitative spatial equilibrium model with producer-supplier linkage, taking care of trade, migration, and outsourcing in a unified framework to examine the general equilibrium effects of the HSR and to perform counterfactuals. Chapter 2 studies the role of international trade for household income polarization, the phenomenon in which the size of high- and low-income groups increases but mid-income group declines. I propose a new channel that emphasizes the supply change of skills in rationalizing the phenomenon. We build a simple theory of trade featuring endogenous choices on occupation and firm productivity. In the model, individuals choose to become low-skilled, high-skilled workers, or entrepreneurs based on their innate abilities. Entrepreneurs improve the firm efficiency by investing in the managerial effort. I show that while the households with high human capital optimally respond to export opportunity by moving up the income distribution, other households with median level human capital self-select downward the income distribution, the long run consequence of which may be the polarization in labor market. An empirical test of the model reveals that Chinese regions facing more export exposure exhibit stronger pattern of labor market polarization. While my first two research focus on the welfare changes within-country in case of the largest developing country in the world, China, my third part of dissertation compares a country's living standard in an international framework. Chapter 3, a joint work with my advisor Robert Feenstra and Alexis Antoniades, compares the cost of living for cities in China and in the United States using barcode data, as a complement to the International Comparisons Program (ICP) supervised by the World Bank. We find that, in both countries, there is a greater variety of products in larger cities. But in China, unlike the United States, the prices of products tend to be lower in larger cities. We attribute the lower prices to a pro-competitive effect, whereby larger cities attract more brands and retailers which leads to lower markups and prices. Combining the effect of greater variety and lower prices, it follows that the cost-of-living for grocery-store products in China is lower in larger cities. We further compare the cost-of-living indexes for particular product categories between China and the United States. In product categories with a significant presence of U.S. brands in the Chinese market, the availability of additional Chinese brands leads to greater variety than in the United States, and therefore lower Chinese price indexes for that reason. In product categories with much less presence of U.S. brands in the Chinese market, however, the observed prices differences between the countries (usually lower prices in China) are partially or fully offset by the variety differences (less variety in China), so that the cost of living in China is not as low as the price differences suggest, especially in smaller cities.

Book Three Essays on the Economic Integration of Caribbean Immigrants Into the US Labor Market

Download or read book Three Essays on the Economic Integration of Caribbean Immigrants Into the US Labor Market written by Valerie Lacarte and published by . This book was released on 2018 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than four million Caribbean immigrants live in the United States and the great majority comes from Cuba, the Dominican Republic, Haiti, Jamaica and Trinidad & Tobago. Since the 1960s, they have been migrating to the US in search of better economic opportunities. This begs the question, do Caribbean immigrants integrate into the US labor market? Integration on the labor market is defined as becoming more similar to the population. In other words, I am interested in the change in immigrant labor outcomes as they gain more experience in the host country. To answer this, I combine quantitative results from econometric analysis using microdata from the US Census Bureau with qualitative information from my fieldwork with the Caribbean Diaspora living in the US. Overall, I find that integration does happen but that human capital, ethnicity and cultural gender norms are the best predictors of immigrant labor outcomes. After discussing the literature in Chapter 1, I study the earnings gap between Caribbean female immigrants and All Other Women in the US to see after how many years there is a convergence point (Chapter 2). I propose a framework where immigrants are divided into cohorts that arrived in the 1970s, 1980, 1990s and 2000s. Results indicate that it takes Caribbean immigrant women on average 13 years to integrate. At the exception of the Dominican Republic, immigrants who arrived in the 1970s and 1980s all earn significantly more than the reference group. Considering the intersectionality of education, race, ethnicity and culture, I conclude that Anglophones and higher-educated immigrants generally do better. Ethnicity is also a good predictor of outcomes: Black immigrant women integrate faster than Latinas. I also assess variation in quality for successive cohorts and find a definite slowdown in the performance of immigrants who arrived in the decade of the Great Recession. The only exception is for Jamaican women who have maintained a high level of growth in their earnings profile since the 1970s. In contrast, the last wave of Haitian immigrants (2000s) has a clearly negative performance compared to the three previous cohorts. In Chapter 3, I examine the role of cultural gender norms in explaining the gender gap in labor force participation (LFP) in Caribbean immigrant communities. Using the Female labor force participation rate (LFPR) and the Gender Gap in LFPR from the home countries, I find that there is a small but statistically meaningful impact on the probability that Caribbean immigrant women will join the US labor force, less so for men. Generally, the results indicate that coming from a country where female labor force participation is high also encourages women from that country to adopt a similar behavior in the US. Interestingly, there is also a residual effect of the country of ancestry and of cultural gender norms on US born generations of Caribbean descent. In Chapter 4, I present descriptive statistics from surveys and qualitative interviews collected during the fieldwork I conducted between March 2016 and April 2017. The objective is to understand how social capital contributes to the integration patterns found in Chapters 2 and 3. Moreover, interviews with Caribbean immigrants living in New York, Miami and Washington, DC allowed for an in-depth discussion on: 1) the push and pull factors of migration, 2) their experience on the labor market 3) their views on cultural gender norms, and 4) the importance of social capital and cultural assimilation in the US. Overall, the data collected confirms trends from earlier chapters: education, ethnicity and cultural gender norms are relevant predictors of the labor outcomes for Caribbean immigrants. To conclude, in Chapter 5, I present arguments in support of quantitative-qualitative research in economics. By triangulating all the information gathered in previous chapters, I summarize the main conclusions on Caribbean immigrant integration and discuss the complementarity between the econometric analysis and my fieldwork. There are many benefits to conducting fieldwork and collecting qualitative data: it provides deeper explanations on real-world situations to support the quantitative analysis. Many of the findings in this dissertation are consistent with existing literature but by adopting a quantitative-qualitative analytical lens, I produce new estimates on Caribbean immigrants communities, while also analyzing the intersectionality of gender, education, race, ethnicity and culture. While the pace and levels of integration vary, it can be said that Caribbean immigrants, especially women, are successful in integrating the US labor market.

Book Essays In International Trade and Labor Markets

Download or read book Essays In International Trade and Labor Markets written by Rodrigo Rodrigues Adão and published by . This book was released on 2016 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis develops empirical methodologies to investigate the effect of globalization on welfare and inequality both between- and within-countries. The first essay proposes a Roy-like model where workers are heterogeneous ill terms of their comparative and absolute advantage. We show that the schedules of comparative and absolute advantage (i) determine changes in the average and the variance of the log-wage distribution, and (ii) are nonparamnetrically identified from the cross-regional variation in the sectoral responses of employment and wages to observable sector-level demand shifters. Applying these results, we find that the rise in world commodity prices accounts for 5-10% of the fall in Brazilian wage inequality between 1991 and 2010. The second essay develops a methodology to construct nonparametric counterfactual predictions, free of functional-form restrictions on preferences and technology, in neoclassical models of international trade. First, we establish the equivalence between such models and reduced exchange models in which countries directly exchange factor services. This equivalence implies that, for an arbitrary change in trade costs, counterfactual changes in factor prices, and welfare only depend on the shape of a reduced factor demand system. Second, we provide sufficient conditions for the nionparainetric identification of this system. Together, these results offer a strict generalization of the parametric approach used in so-called gravity models. Finally, we use China's recent integration into the world economy to illustrate tile feasibility of our approach. The third essay investigates the connection between the recent rise in services trade and changes in labor market outcomes in different countries. We develop a theoretical framework where trade in services arises from the spatial unbundling of workers' task output. Transmission costs endogenously determine the magnitude of between-sector task trade both within a country ("outsourcing") and between countries ("offshoring"). We show that, while differentials in sectoral task prices decrease in response to outsourcing, they increase in response to offshoring. The heterogeneity in the composition of workers' task endowments controls responses in between- and within-sector wage inequality across countries.

Book Essays in Labor and Urban Economics

Download or read book Essays in Labor and Urban Economics written by Chia-Hua (Gary) Lin and published by . This book was released on 2020 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation contains three essays that examine how two prominent global trends-globalization and climate change-impact the growing spatial inequality in the United States. The first chapter, "Trade Liberalization and Skill Acquisition," focuses on how trade liberalization affects workers' skill acquisition responses. Workhorse trade models, such as the Heckscher-Ohlin model, predict that trade liberalization increases capital-abundant countries' specialization in capital-intensive sectors and creates economic incentives for workers to upgrade their skills, such as by investing in college education. In this study, I assess how a prominent U.S. trade liberalization policy affected college attainment. The empirical approach leverages geographic variation in import exposure after China obtained permanent normal trade relation status in 2000. Results show that the import shock significantly raised college enrollment, particularly at two-year colleges and public colleges. However, evidence strongly suggests that the shock did not increase college completion. One potential mechanism for the gap between college enrollment and completion is a trade-induced decline in student-oriented resources at public colleges. The second chapter, "High-Skilled Immigration and Native Task Specialization in U.S. Cities," concerns the topic of increased global economic integration through international migration. Specifically, I investigate how the influx of high-skilled immigrants affected the occupational choices of native-born workers in urban economies. Standard theory, such as the Roy model, predicts that high-skilled immigrants will self-select into math-intensive occupations in which they have a comparative advantage over native workers. To test this theory, I take advantage of the influx of college-educated immigrants in science, math, technology, and engineering (STEM) fields after the passage of the Immigration Act of 1990, which established temporary working visas, such as the H-1B. The estimates from an instrumental variable approach indicate that increases in foreign talent in math-intensive tasks increased the specialization of college-educated natives in social-intensive tasks. Evidence suggests that this labor reallocation occurred within occupations at the top of the task distribution. The productivity gains from task specialization accrued to both college and noncollege natives. All experienced significant positive wage gains. The findings provide suggestive evidence that cities benefit from the inflow of highly skilled immigrants through their direct contribution to the local economy (e.g., innovation) and from the increased task specialization of its workforce. In the third chapter, "Local Public Finance Dynamics in the Face of Rising Climate Risk," a joint work with Rhiannon Jerch and Matthew E. Kahn, we assess the fiscal impacts of climate-change-induced environmental shocks on local public good provision. The conventional wisdom is that cities are at increasing risk of experiencing severe climate shocks, but they are not adequately prepared for these shocks. Natural disasters, including hurricanes and floods, can exert severe budgetary pressure on local governments' ability to provide critical infrastructure, goods, and services. Yet, very little is known about the effects of these shocks on local public finance. In this paper, we show that hurricanes cause local revenues to fall significantly, and this loss of local revenue persists up to a decade after the hurricane and leads to reductions in municipal bond ratings. The connection between local revenue loss and bond ratings demonstrates that climatic shocks can exacerbate direct local fiscal pressures: cities deemed riskier by ratings agencies face higher costs of borrowing debt and thereby face constraints to investing in climate change adaptation.

Book Essays on Local Labor Markets

Download or read book Essays on Local Labor Markets written by Clément Malgouyres and published by . This book was released on 2016 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis studies empirically several issues regarding the functioning of local labor markets. In Chapter 1, I follow the methodology developed by Autor, Dorn, and Hanson (2013) to estimate the impact of Chinese imports competition onto French local labor markets, with an emphasis on the spill-overs e ects beyond the manufacturing sector on the structure of employment and wages. Local employment and total labor income in both manufacturing and non-manufacturing are negatively a ected by rising exposure to imports. Imports competition from China polarized the local structure of employment in the manufacturing sector. Hourly wages distribution is negatively a ected but overall wage dispersion is not increased. The non-traded sector even experiences a decrease in lower-tail inequality. Exploiting geographical variation in the bite of the minimum wage, I nd evidence suggesting that the minimum wage explains this e ect. In Chapter 2, I use a re nement of empirical strategy in Chapter 1 to look at whether communities suddenly a ected by rising economic integration with low-wage countries tended to vote more for the far-right parties over the last four French presidential elections. I nd evidence of a small but signi cantly positive impact of imports competition exposure on votes for the far-right: a one standard-deviation increase in imports-per-worker causes the change in the far-right share to increase by 7 percent of a standard deviation. Further results suggest that this e ect has been increasing over the time period considered. We conduct a simple sensitivity test supporting the notion that (i) omitting local share of immigrants is likely to bias our estimate downward, and that (ii) this bias is likely to negligible. In Chapter 3, co-authored with Camille H emet, we study the impact of local diversity on labour market outcomes, at two di erent level of aggregation: local labor market and i immediate neighborhood. We nd that employment correlates positively with local labor market diversity, but negatively with neighborhood diversity. Using an instrumental variable approach to deal with local labor market diversity drives the positive correlation to zero, con rming the suspicion of self-selection. Regarding neighborhood diversity, we adopt the strategy of Bayer et al. (2008), taking advantage of the very precise localization of the data: the negative e ect of diversity is reinforced. We also show that nationality-based diversity matters more than parents' origin-based diversity, giving insights on the underlying mechanisms. In Chapter 4, co-authored with Camille H emet, we exploit some speci cities of the French Labor Force Survey, in order to detect the presence of referral networks among neighbors. We show the presence of referral networks, provide extensive robustness checks and investigate two rather understudied issues in the literature: (i) what kind of job transition are local referrals associated with (job-to-job or unemployment-to-job), (ii) how has the strength of local referral e ects evolved overtime?

Book Inflation  Development  and Integration

Download or read book Inflation Development and Integration written by Arthur Joseph Brown and published by . This book was released on 1979 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monographic compilation of essays in honour of a.j. Brown, British economist, relating to inflation, industrialization in developing countries, trade and economic integration - covers economic theory and economic models, incomes policy in Australia, reflections on innovation, the EC and other common markets, infrastructure investment in the UK, unemployment, etc., and includes a bibliography of his writings. Graphs, references and statistical tables. Festschrift brown, arthur j., economist.