Search Frictions on Product and Labor Markets: Money in the Matching Function This paper builds a macroeconomic model of equilibrium unemployment in which firms persistently face difficulties in selling their production and this affects their decisions to create jobs. Due to search-frictions on the product market, equilibrium unemployment is a U-shaped function of the ratio of total demand to t...

In this paper, we introduce a concept of a farsighted stable set for a partition function game and interpret the union of all farsighted stable sets as the core of the game, to be called the strongcore, which reduces to the traditional core if the worth of every coalition is independent of the partition to which it belongs and the game is adequately represented by a characteristic function. We ...

abstract the aim of this study is of the effect of structural changes in higher education on changes of output in sistan and baluchestan province using structural decomposition analysis (sda). the input-output tables of this region for the period 2006-2011 have been employed as the database of the model. the structural changes were decomposed into two factors: changes in share of specific secto...

This paper investigates the effect of education and the role of technical progress on economic growth in Taiwan over the 1965–2000 period. A structural earnings function and indicator for average schooling years are applied to a measure of education, and a transcendental production function is used in the model. Findings reveal that education has a positive and significant effect on growth, but...

In this paper we investigate the relationship between access to modern energy services and human development in India over a decade. We estimate an index of development, multidimensional poverty index, confidence index. Empirical result shows that is quite widespread most states spite progress made reducing same during study period. States with higher level are having lower implying strong nega...