東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

Empirical studies on investment dyna...

Fuentes Contreras, Olga Maria.

Linked to FindBook

Google Book

Amazon

博客來

Empirical studies on investment dynamics and wage inequality.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Empirical studies on investment dynamics and wage inequality./
Author:	Fuentes Contreras, Olga Maria.
Description:	102 p.
Notes:	Adviser: Simon Gilchrist.
Contained By:	Dissertation Abstracts International67-04A.
Subject:	Economics, General. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3214936
ISBN:	9780542661259

Empirical studies on investment dynamics and wage inequality.
Fuentes Contreras, Olga Maria.

Empirical studies on investment dynamics and wage inequality. - 102 p.

Adviser: Simon Gilchrist.

Thesis (Ph.D.)--Boston University, 2006.

This dissertation analyzes the effect of macroeconomic variables on input demand at the plant-level. The issues addressed are the effect of exchange rate uncertainty on investment, the role of investment irreversibility in determining plant-level investment dynamics, and the effect of technology adoption on wage inequality after trade liberalization.

ISBN: 9780542661259Subjects--Topical Terms:

1017424
Economics, General.

Empirical studies on investment dynamics and wage inequality.
LDR:03443nam 2200313 a 45 001 973465
005 20110928
008 110928s2006 eng d
020 $a 9780542661259
035 $a (UnM)AAI3214936
035 $a AAI3214936
040 $a UnM $c UnM
100 1 $a Fuentes Contreras, Olga Maria. $3 1297416
245 1 0 $a Empirical studies on investment dynamics and wage inequality.
300 $a 102 p.
500 $a Adviser: Simon Gilchrist.
500 $a Source: Dissertation Abstracts International, Volume: 67-04, Section: A, page: 1448.
502 $a Thesis (Ph.D.)--Boston University, 2006.
520 $a This dissertation analyzes the effect of macroeconomic variables on input demand at the plant-level. The issues addressed are the effect of exchange rate uncertainty on investment, the role of investment irreversibility in determining plant-level investment dynamics, and the effect of technology adoption on wage inequality after trade liberalization.
520 $a The first chapter provides empirical evidence on the effect of real exchange rate uncertainty on investment under the presence of irreversibility in the investment process. It combines industry-specific real exchange rate data with a 22-year panel of Chilean manufacturing plants. Uncertainty has a significant negative effect on plant-level investment. Consistent with theoretical predictions, the response of investment to uncertainty is heterogeneous: the effect is stronger for plants with a high degree of market power and those importing intermediate inputs. Additionally, exchange rate volatility has a significant negative effect for machinery investment but not for vehicles, implying that irreversibility in adjustment costs plays a major role in determining the investment-uncertainty relationship.
520 $a The second chapter estimates a fully specified structural model of investment with maximum likelihood techniques. The estimation procedure allows for irreversibility of investment. Owing to illiquid second hand markets and a smaller size distribution of firms, such non-convexities are a prevalent feature of plant-level investment in developing economies. The structural model characterizes both the decision of when to invest and how much to invest as functions of underlying observable state variables such as the current capital stock and productivity. The results imply that irreversibility plays an important role in determining plant-level investment dynamics.
520 $a The third chapter examines the relative demand for skilled workers in a developing economy following trade liberalization. If trade liberalization is associated with the adoption of new technologies, and technology is skill-biased, the relative demand for skilled workers may rise, contradicting the standard trade theory prediction. For the Chilean manufacturing sector, the relative demand for skilled workers increases following trade liberalization. This increase coincides with an increased propensity to adopt new technologies as measured by patent usage. This suggests that skill-biased technological change is a significant determinant of labor demand and wage structures in developing economies.
590 $a School code: 0017.
650 4 $a Economics, General. $3 1017424
650 4 $a Economics, Labor. $3 1019135
690 $a 0501
690 $a 0510
710 2 0 $a Boston University. $3 1017454
773 0 $t Dissertation Abstracts International $g 67-04A.
790 $a 0017
790 1 0 $a Gilchrist, Simon, $e advisor
791 $a Ph.D.
792 $a 2006
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3214936