International competition and real wages

Article Abstract:

Most economists believe that improvements in foreign economies can benefit the domestic economy, but many politicians believe that international competition harms the economy. International competition can cause aggregate US income to fall while world income rises by causing the relative price of formerly exported US goods to decline. A model of international competition shows that the changes in terms of trade caused by international competition can cause increases in the real wage to fall below productivity growth.

International aspects, Wages, Wages and salaries, International competition (Commerce), International competition (Economics)

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Portfolio choices of parents and their children as young adults: asset accumulation by African-American families

Article Abstract:

A study was conducted to analyze cross-generational influences on portfolio-composition decisions. A learning model was utilized to carry out the analysis. The relationship between knowledge and objective factors was then examined. Results indicated that ayoung family's likelihood of owning transaction accounts and stocks is influenced by whether parents held these financial assets. Findings also showed that parental choice of home-ownership and other assets may have similar carryover across generations.

Commercial Banks, Investment Banking and Securities Dealing, Portfolio & Funds Management, Decision-making, Decision making, Portfolio management

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Economic growth: how good can it get?

Article Abstract:

Shifts to a novel type of economic growth correlate with the need for better measures designed to provide an understanding of structural changes and promote an improved social accounting system. A new system of measurements can be initiated with background timeline data. Moreover, a better understanding of the context of information technology in households and companies requires more information on processes associated with utilizing technology.

Economics, Research and Development in the Social Sciences and Humanities, Economic development, Social accounting

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