... © Emerald Publishing Limited 2023 Emerald Publishing Limited Licensed re-use rights only Balassa–Samuelson model Real exchange rate Total factor productivity Pooled mean group estimates C23 D24 F41 J24 Over the past several decades, linking productivity differences...

... education Private education O15 I25 H31 J24 The next section discusses the model in detail. We consider a two-period overlapping generations model in which every individual lives for two periods-as a child and as an adult. The population consists of N individuals. Each household...

... Employment elasticity J21 J23 J24 Providing gainful employment to its labour force has always been an integral aspect of economic development in any country, be it a developed or a developing one. The focus on employment generation has also led to its inclusion as a sub-goal in the millennium...