Discrepancies in international data: an application to China-Hong Kong entrepot trade

Article Abstract:

A study was conducted to analyze discrepancies in trade deficits reported by countries and the work that needs to be carried out to resolve such discrepancies in international trade data resulting from transshipment through entrepot countries. The impact of bilateral trade deficit on microeconomic competitiveness and macroeconomic imbalance was examined. Results indicated the need for more accurate measures of international trade to account for trade through entrepot countries.

Statistics, International trade

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Accounting for growth with new inputs: theory and evidence

Article Abstract:

The creation of new inputs under conditions of monopolistic competition could lead to gains in productivity. A model that generates continuous economic growth through the creation of new inputs appears to be useful. The model can produce a decomposition of growth for a constant-elasticity-of-substitution production function. An application of the model to Korean industry shows that new inputs are a key factor in the growth of productivity.

Models, Economic development, Production (Economics)

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Estimating the knowledge-capital model of the multinational enterprise: reply

Article Abstract:

Comments of Blonigen et al. on the knowledge-capital model of the multinational enterprise is examined.

United States, Analysis, Economic aspects, Knowledge management, Skilled labor, Skilled labour

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