Archive for December 5th, 2012

Does the theory of comparative advantage apply to dolphins?

December 5, 2012

What a pointer from Tyler Cowen.

On his blog MR he points that Dolphins are losing their comparative advantage and utility to US Navy:

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The Rise of the East: A non‐western path?

December 5, 2012

nice paper by Mritiunjoy Mohanty of IIM Calcutta. A kind of paper that takes you to those old time economic papers on economic systems. It could have been a much readable paper if written more simply

He says East Asian development path differed from Western model. The path was of labour absorbing unlike that in the west of labor displacing.

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Fiscal Multiplier works in case of highways..

December 5, 2012

Well it seemed to be higher in case of US atleast.

Sylvain Leduc and Daniel Wilson summarise their recent work on impact of highway program under ARRA (American Recovery and Reinvestment Act). The states which implemented ARRA fundinding for highways showed multiplier of 2!.

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