Macroeconomics at the intermediate and graduate levels rests on three workhorses: the
Solow-Swan model, the overlapping generations (OLG) model, and the Ramsey model. The …

Firms' environmental, social, and governance (ESG) performance plays an essential role in
the green finance market. It helps firms gain favor with responsible investors and reduces …

This paper analyzes the quantitative contribution of capital-skill complementarity in
accounting for rising wage inequality, as in Krusell, Ohanian, Rios-Rull, and Violante …

We construct a three‐level constant elasticity of substitution production model. Labour is split
into three components:(i) low‐skilled labour,(ii) high‐skilled labour with a traditional …

With the continuous acceleration of digital transformation, significant changes have occurred
in the tourism labor market. Using the data of China's listed tourism companies, this paper …

We study capital-skill complementarity in a multi-sector framework featuring firm-specific,
multifactor production functions and allowing for firm-specific factor-price wedges. We …

With capital‐skill complementarity, the secular decline in the price of capital equipment due
to equipment‐specific technological progress (ESTP) keeps pushing up the demand for …

This paper investigates the impact mechanism by which an incentive-based fertility policy
may reduce the labor income share. First, the specific paths through which this impact …

Cross-border migration can act as an important adjustment mechanism to country-specific
shocks. Yet, depending on who moves, it can have unintended consequences for business …

Infrastructure drives economic development. This study investigates to what extent
infrastructure and skilled labour affect aggregate output, by analysing large heterogeneous …