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Full-Text Articles in International Economics

Why Economic Performance Has Differed Between Brazil And China? A Comparative Analysis Of Brazilian And Chinese Macroeconomic Policy, Fernando Ferrari-Filho, Anthony Petros Spanakos Jun 2009

Why Economic Performance Has Differed Between Brazil And China? A Comparative Analysis Of Brazilian And Chinese Macroeconomic Policy, Fernando Ferrari-Filho, Anthony Petros Spanakos

Department of Political Science and Law Faculty Scholarship and Creative Works

This paper addresses a specific question: why has China grown so rapidly and Brazil not? To answer this question, it (i) establishes the basis for comparison between China and Brazil by contextualizing these countries within the BRICs concept, and (ii) presents a comparative analysis of Brazilian and Chinese reforms focusing only on the issue of macroeconomic policy, especially the monetary and exchange rate regimes, and its effect on growth.


Does Regulation Drive Out Competition In Pharmaceutical Markets?*, Patricia. M. Danzon, Li-Wei Chao Oct 2000

Does Regulation Drive Out Competition In Pharmaceutical Markets?*, Patricia. M. Danzon, Li-Wei Chao

Health Care Management Papers

Most countries regulate pharmaceutical prices, either directly or indirectly, on the assumption that competition is at best weak in this industry. This paper tests the hypothesis that regulation of manufacturer prices and retail pharmacy margins undermines price competition. We use data from seven countries for 1992 to examine price competition between generic competitors (different manufacturers of the same compound) and therapeutic substitutes (similar compounds) under different regulatory regimes. We find that price competition between generic competitors is significant in unregulated or less regulated markets (United States, United Kingdom, Canada, and Germany) but that regulation undermines generic competition in strict regulatory ...


The Allocation Of Resources To Education In Less Developed Countries, Gary S. Fields Apr 1973

The Allocation Of Resources To Education In Less Developed Countries, Gary S. Fields

Articles and Chapters

[Excerpt] In the last few years, many less developed countries have suddenly and apparently to their surprise found themselves with too many (relative to the absorptive capacity of their economies) rather than too few workers with intermediate educational attainments. Yet, even as surpluses of educated workers grow larger and larger, the school systems continue to expand and the people continue to demand education. Elsewhere, we have sought to understand the persistence of a high demand for education in countries characterized by a substantial surplus of educated labor. In this paper, we construct a political model of the allocation of resources ...


Toward A Model Of Education And Labor Markets In Labor Surplus Economies, Gary S. Fields Jan 1973

Toward A Model Of Education And Labor Markets In Labor Surplus Economies, Gary S. Fields

Articles and Chapters

[Excerpt] This model is intended to describe the essential relationships between the demand for and supply of education and the demand for and supply of educated workers. The terms "education" and "training" will be used interchangeably throughout, since the proposed model is a general one designed to apply both to traditional education and to specialized training for such occupations as agricultural and veterinary workers, teachers, the skilled trades, and the like. The terms "educated," "trained," and "skilled" will also be used synonymously.

If the model is to be meaningful, it must possess two basic characteristics. First, it must be consistent ...


Private And Social Returns To Education In Labour Surplus Economies, Gary S. Fields Jan 1972

Private And Social Returns To Education In Labour Surplus Economies, Gary S. Fields

Articles and Chapters

[Excerpt] The purpose of this paper is to consider the cost-benefit criterion for resource allocation in labour surplus economies calling particular attention to the contrasts with full employment economies. The specific plan is as follows. Section 1 reviews the debate over the applicability of cost-benefit analysis to problems of investment in education. Section 2 draws two important distinctions which are not always clear to educational planners and enumerates the likely benefits, both private and social, from education. Section 3 considers the case of full employment economies. Section 4 looks at the private returns to education in labour surplus economies in ...