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Costs Of Trade And Self-Selection Into Exporting And Importing: The Case Of Turkish Manufacturing Firms
(Kiel Inst World Economy, 2015)
This paper focuses on self-selection into trade by exporting and importing firms, and on the presence of differential variable and sunk costs between exporters and importers across different categories of imports. The ...
Entrepreneurship, Knowledge, And The Industrial Revolution
(Kiel Inst World Economy, 2015)
This paper constructs a two-sector unified growth model. Learning-by-doing in agriculture eventually allows the preindustrial economy to leave its Malthusian trap. But entrepreneurs in the manufacturing sector do not attempt ...
Time Series Behaviour Of The Real Interest Rates In Transition Economies
(Routledge Journals, Taylor & Francis Ltd, 2015)
Stationarity properties of real interest rates are examined for 21 transition economies. Owing to transaction costs and other frictions, it is quite plausible that we are dealing with potential non-linearities in the real ...