Showing papers in "Journal of Development Economics in 1975"

TL;DR: The analysis is extended to consider several important factors which have previously been neglected--a more generalized approach to the job search process, the possibility of underemployment in the so-called urban "murky sector," preferential treatment by employers of the better educated, and consideration of labor turnover--and demonstrate that the resulting framework gives predictions closer to actual experience.

TL;DR: The authors reviewed and synthesised the theoretical analyses of the brain drain in the earlier literature and in the present symposium in the Journal on the subject and raised critical issues relating to how welfare changes should be discussed in the context of migration, and possibilities of fruitful future research are outlined.

TL;DR: A model is constructed which provides a coherent and logically consistent framework for analyzing the enclosure movement and attempts to show that Marx's analysis of ‘so-called primitive accumulation’ can be given an interpretation that is more reasonable, logically consistent, and empirically sound than is commonly acknowledged.

TL;DR: In this article, the authors extended the analysis by modifying the model to incorporate the phenomena of overqualification, internal diffusion of labor from urban to rural areas and imperfect information about the quality of labor.

TL;DR: In this paper, the problem of international migration of educated people is analyzed in the context of a dynamic economy where individuals are faced with three basic decisions: education, acquisition of physical capital and migration.

TL;DR: In this paper, the authors deal with the construction and evaluation of economic models of price setting in the world oil market and evaluate the implications for individual coalition members of alternative pricing policies in conjunction with specific market-sharing agreements.

TL;DR: In this article, the welfare implications of an income tax paid by emigrant skilled workers are analyzed in a model which assumes international capital mobility and allows for unemployed labor in the modern sector of a developing country.

TL;DR: In this article, seven recent models of the world oil market and their evaluations of the prospects for OPEC: Blitzer-Meeraus-Stoutjesdijk, Bohi-Russell, the U.S. Federal Energy Administration, Kennedy, Kalymon, Levy and Nordhaus.

TL;DR: In this paper, a dynamic simulation model is presented of the world energy market, covering the period 1974-1995, which is used to assess and rank six possible price or output policies that OPEC may adopt with respect to oil exports, given a range of assumptions relating to such important variables as the rate of growth of domestic absorption of oil revenues within OPEC.

TL;DR: Stern's observations on some major topics in development economics are examined, notably his interpretation of the hypothesis of the vicious circle of poverty, as well as his observations on the extent, movement and measurement of international income differences, the implications of central planning, and the effects of development aid.

TL;DR: In this article, the authors consider the derivation of the commonly estimated macro supply-of-migrants equation from a discrete choiceof-location theory, in which tastes are stochastic.

TL;DR: In this article, a 42-equation model of Sudan is developed to provide an empirical description of the structural characteristics of the economy and forecast its growth pattern, emphasizing the role of primary products in the export sector (especially cotton and oil seeds).

TL;DR: In this article, the authors tried to estimate the supply function of qualified emigrants from 23 countries into the US by comparing the wages of professionals in the destination to those in the country of origin.

TL;DR: In this article, the relationship between the distribution of income, technology, and employment in the industrial sector of Ecuador is analyzed for the first time and the main conclusion is that the effect of a redistribution of income in favour of the lower income groups on employment is positive but of little significance.

TL;DR: Based on China's recent experience, positive lessons are suggested that could potentially be transplanted to other countries, especially socialist developing countries as discussed by the authors, where six lessons and three corollaries are put forward.

TL;DR: This paper conducted a second-best examination of the effect of the brain drain in the UK and found that the opportunity to emigrate will create special difficulties for the LDC policymaker.

TL;DR: In this paper, the argument that external capital inflow could create dependence and thus sabotage the possibility of a successful transition to socialism is analyzed. But the model deployed is of the Harrod-Domar variety and simulation run are undertaken for five underdeveloped countries, using savings functions estimated by Weisskopf.

TL;DR: In this article, the authors developed a model which determines the optimum age at which to import a durable good, the optimum period of time during which it should be used, and the welfare costs of nonoptimum import-use patterns.

TL;DR: In this article, a neoclassical monetary growth model is proposed for less developed economies, in which the economy is assumed to be labour-surplus (as a result of which its steady-state growth rate is an endogenous variable), and differential savings propensities on the part of profit-and wage-earners are postulated.

TL;DR: The necessary and sufficient conditions for the existence of surplus labour, as derived by A.K. Sen, have been found to be less plausible in the usual framework of the theory of economic planning and project evaluation than seems to be commonly realized as mentioned in this paper.

TL;DR: In this paper, why East Africa's two oil refineries were built and how they fit into a pattern of postwar refinery investments are discussed, illustrating that multinational corporations make import-substitution investments in LDCs as part of games played for shares of "imperfect" markets.