Seasonal Solow Residuals and Christmas: A Case for Labor Hoarding and Increasing Returns

Journal of money credit and banking ◽

10.2307/2601103 ◽

1998 ◽

Vol 30 (3) ◽

pp. 306 ◽

Cited By ~ 14

Author(s):

R. Anton Braun ◽

Charles L. Evans

Keyword(s):

Increasing Returns ◽

Labor Hoarding

Download Full-text

Structuralism as a Pamphlet (On the Book by E. Reinert “How Rich CountriesGot Rich... And Why Poor Countries Stay Poor”. 2nd ed.)

Voprosy Ekonomiki ◽

10.32609/0042-8736-2014-12-147-153 ◽

2014 ◽

pp. 147-153

Author(s):

P. Orekhovsky

Keyword(s):

Economic Theory ◽

Economic Development ◽

Structural Analysis ◽

Increasing Returns ◽

The Other ◽

Static Theory ◽

Poor Countries ◽

Historical School ◽

Socio Economic Development ◽

The Relationship

The review outlines the connection between E. Reinert’s book and the tradition of structural analysis. The latter allows for the heterogeneity of industries and sectors of the economy, as well as for the effects of increasing and decreasing returns. Unlike the static theory of international trade inherited from the Ricardian analysis of comparative advantage, this approach helps identify the relationship between trade, production, income and population growth. Reinert rehabilitates the “other canon” of economic theory associated with the mercantilist tradition, F. Liszt and the German historical school, as well as a reconside ration of A. Marshall’s analysis of increasing returns. Empirical illustrations given in the book reveal clear parallels with the path of Russian socio-economic development in the last twenty years.

Download Full-text

Intra-industry and inter-industry trade through the lens of comparative and absolute advantage

Voprosy Ekonomiki ◽

10.32609/0042-8736-2016-10-112-128 ◽

2016 ◽

pp. 112-128

Author(s):

A. Gnidchenko

Keyword(s):

International Trade ◽

Product Quality ◽

Vital Role ◽

Increasing Returns ◽

Traditional View ◽

Export Diversification ◽

Industry Trade ◽

Long Time ◽

Absolute Advantage

The article surveys the literature that emphasizes the importance of comparative and absolute advantages for intra- and inter-industry trade. Two conclusions follow form the survey. First, unlike the traditional view, intra-industry trade is determined rather by technology than by increasing returns. Second, absolute advantages that have been ignored in international trade models for a long time play a vital role through their linkages with product quality and export diversification. We also discuss a new strand of literature that models international trade with the assumption of non-homothetic preferences.

Download Full-text

Underground waterlines

Focaal ◽

10.3167/fcl.2019.032103 ◽

2019 ◽

pp. 1-14

Author(s):

Denys Gorbach

Keyword(s):

Macro Level ◽

The Political ◽

Macro Scale ◽

Ethnographic Data ◽

Economic Boom ◽

Labor Hoarding ◽

Large Enterprises

In order to explore factors conditioning the political quietude of Ukrainian labor, this article analyzes ethnographic data collected at two large enterprises: the Kyiv Metro and the privatized electricity supplier Kyivenergo. Focusing on a recent labor conflict, I unpack various contexts condensed in it. I analyze the hegemonic configuration developed in the early 1990s, at the workplace and at the macro level, and follow its later erosion. This configuration has been based on labor hoarding, distribution of nonwage resources, and patronage networks, featuring the foreman as the nodal figure. On the macro scale, it relied on the mediation by unions, supported by resources accumulated during the Soviet era and the economic boom of the 2000s. The depletion of these resources has spelled the ongoing crisis of this configuration.

Download Full-text