Economics

Volume 5, Issue 3, June 2016

  • Asymmetric Technology Diffusion, Nominal Wage Rigidity, and the “New Normal” in China

    Ge Song

    Issue: Volume 5, Issue 3, June 2016
    Pages: 27-45
    Received: 14 May 2016
    Accepted: 30 May 2016
    Published: 23 June 2016
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    Abstract: This paper is based on a growth model that is consistent with salient features of the recent “New Normal” growth experience in China: slowdown of growth rate, low level of inflation and unemployment, decreasing returns on capital investment, extensive reallocation among agriculture, manufacturing and modern service sectors, rising share of consumpt... Show More
  • Economic Valuation of Improved Irrigation Water in Bahir Dar Zuria Woreda, Ethiopia

    Ayana Anteneh Astatike

    Issue: Volume 5, Issue 3, June 2016
    Pages: 46-55
    Received: 19 April 2016
    Accepted: 29 April 2016
    Published: 29 June 2016
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    Abstract: This study attempts to determine the economic value of improved irrigation water by eliciting farmers’ willingness to pay (WTP) using contingent valuation method in Bahir Dar Zuria Woreda, Ethiopia. Single bounded and double bounded dichotomous choices with a follow up open ended questions were employed. Primary data obtained from 197 randomly samp... Show More