This is a preview. Log in through your library . Abstract A recent development in microeconomic theory suggests that the size of the elasticity of substitution between factors is relevant to economic ...

The focus of the paper is to measure how consumption responds to changes in the interest rate. The equivalence between the effect of the interest rate, and the effect of mortality probabilities, on ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation We develop a model of endogenous skill-biased technical change in developing countries. The endogenous response to a rise ...