Q1. What have the authors contributed in "Aboa centre for economics" ?
This study shows that the learning by doing ( LBD ) effect has substantial, both quantitative and qualitative, consequences for the international transmission of monetary policy.
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23 citations
...We assume, unlike Chang et al. (2002) and Tervala (2013), that fluctuations in employment can affect TFP quasi-permanently....
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...As in Tervala (2013), the level of TFP evolves according to the following log-linear equation: ât(z) = φât−1(z) + µˆ̀t−1 (z) , (10) where 0 ≤ φ ≤ 1 and µ are parameters....
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...To model endogenous changes in TFP, we add a simple learningby-doing mechanism into the production function, following the formulation of Tervala (2013), based on the idea of Chang et al. (2002)....
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...Following this, Tervala (2013) assumes that the level of TFP accumulates over time according to past employment....
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15 citations
...The object of inquiry in a recent paper by Batabyal and Nijkamp (2010) is a two-sector 4 See Chou and Wong (2001), Goh and Wan (2005), Kutsoati and Zabojnik (2005), D’Albis et al. (2012) and Tervala (2013) for a more detailed corroboration of this claim....
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...Razin and Collins (1997) find that mild undervaluation enhances economic growth, but large undervaluation is harmful....
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53 citations
...The PDV value of the change in utility is calculated as 8 On the other hand, Sutherland (2006) argues that typical estimates for the average elasticity across all traded goods are in the range of 5 to 6....
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