Effects of technological improvement in the ICT-producing sector on business activity (2006)
Hoon, Hian Teck, Phelps, Edmund S.
It seems to be taken for granted by many commentators that the sharp decline in prices of computers, telecommunications equipment and software resulting from the technological improvements in the...
Effects of technological improvement in the ICT-producing sector on business activity (2006)
Hoon, Hian Teck, Phelps, Edmund S.
It seems to be taken for granted by many commentators that the sharp decline in prices of computers, telecommunications equipment and software resulting from the technological improvements in the...
Future fiscal and budgetary shocks (2004)
Hoon, Hian Teck, Phelps, Edmund S.
We study here the effects of future tax and budgetary shocks on present levels of economic activity and real interest rates in a nonmonetary and possibly non-Ricardian economy. The paper first takes...
Future fiscal and budgetary shocks (2004)
Hoon, Hian Teck, Phelps, Edmund S.
We study here the effects of future tax and budgetary shocks on present levels of economic activity and real interest rates in a nonmonetary and possibly non-Ricardian economy. The paper first takes...
Tax cuts, employment and asset prices: A real intertemporal model (2002)
Hoon, Hian Teck, Phelps, Edmund S.
We determine the effects of a delayed or immediate tax cut with or without a "sunset" feature in a real customer-market, nonRicardian economy. Our model incorporates both the supply-sider channel as...
Tax cuts, employment and asset prices: A real intertemporal model (2002)
Hoon, Hian Teck, Phelps, Edmund S.
We determine the effects of a delayed or immediate tax cut with or without a "sunset" feature in a real customer-market, nonRicardian economy. Our model incorporates both the supply-sider channel as...
A structuralist model of the small open economy in the short, medium and long run (2002)
Hoon, Hian Teck, Phelps, Edmund S.
In open-economy macroeconomics there is a monetary model in the Keynesian tradition that is deemed serviceable for analyzing the short run and there is a nonmonetary neoclassical theory thought...
A structuralist model of the small open economy in the short, medium and long run (2002)
Hoon, Hian Teck, Phelps, Edmund S.
In open-economy macroeconomics there is a monetary model in the Keynesian tradition that is deemed serviceable for analyzing the short run and there is a nonmonetary neoclassical theory thought...
Low-Wage Employment Subsidies in a Labor Turnover Model of the 'Natural Rate' (1996)
Hoon, Hian Teck, Phelps, Edmund S.
This paper studies two kind of wage subsidy in a model of the natural rate having a continuum of workers ranked by their productivity-a flat wage subsidy and a graduated wage subsidy, each program...
Market structure, trade theory and unemployment [microform] / (1990)
Thesis (Ph. D.)--Columbia University, 1990.
A Structuralist Model of the Small Open Economy in the Short, Medium and Long Run
Hian Teck Hoon, Edmund S Phelps
Open-economy macroeconomics contains a monetary model in the Keynesian tradition that is deemed serviceable for analyzing the short run and a nonmonetary neoclassical model thought capable of...
Growth Accounting for a Follower-Economy in a World of Ideas: The Example of Singapore
In this paper, we take another approach to accounting for the sources of Singapore’s economic growth by being explicit about the channels through which Singapore, as a technological follower,...
Trade, Capital Accumulation and Structural Unemployment: An Empirical Study of the Singapore Economy
This paper studies the factors responsible for the secular decline of Singapore’s unemployment rate over the period 1966-2000 in an environment of low and stable inflation rates. We introduce wage...
Edmund S. Phelps, Hian Teck Hoon, Gylfi Zoega
The current sluggish performance of the US economy follows one of the more remarkable booms in modern history. The late 1990s was a period of simultaneous output and productivity growth, low...
Future Fiscal and Budgetary Shocks
Hian Teck Hoon, Edmund S Phelps
We study here the effects of future tax and budgetary shocks on present levels of economic activity and real interest rates in a nonmonetary and possibly non-Ricardian economy. The paper first takes...
This paper builds upon Hoon and Phelps (1992, 1997) to ask how much of the evolution of the unemployment rate over several decades in country can be explained by real factors in an equilibrium model...
A structuralist model of the small open economy in the short, medium and long run
Hian Teck Hoon, Edmund S. Phelps
In open-economy macroeconomics there is a monetary model in the Keynesian tradition that is deemed serviceable for analyzing the short run and there is a nonmonetary neoclassical theory thought...
Tax cuts, employment and asset prices: A real intertemporal model
Hian Teck Hoon, Edmund S. Phelps
We determine the effects of a delayed or immediate tax cut with or without a "sunset" feature in a real customer-market, nonRicardian economy. Our model incorporates both the supply-sider channel as...
A Structuralist Model of the Small Open Economy in the Short, Medium and Long Run
Hian Teck Hoon, Edmund S. Phelps
In open-economy macroeconomics there is a monetary model in the Keynesian tradition that is deemed serviceable for analyzing the short run and there is a nonmonetary neoclassical theory thought...
The past three and a half decades witnessed a distinctly declining trend in Singapore's unemployment rate, which dropped from an average annual rate of 7.85 percent in 1966-70 to 2.74 percent in...
Trade, capital accumulation and structural unemployment: an empirical study of the Singapore economy
Endogenous Growth and Equilibrium Unemployment in a North-South Model.
A North-South model is developed which incorporates an endogenous rate of equilibrium unemployment in the North in the context of long-run growth. It is shown how increases in the size of public debt...
Improvements in Agriculture in Ricardo's Essay on Profits.
A formal model is developed in which there is endogenous improvements in agriculture through increased specialization in the development of intermediate inputs. The author obtains long-run endogenous...
Effects of Technological Improvement in the Ict-Producing Sector on Business Activity
Hian Teck Hoon, Edmund S. Phelps
It seems to be taken for granted by many commentators that the sharp decline in prices of computers, telecommunications equipment and software resulting from the technological improvements in the...
Future fiscal and budgetary shocks
Hian Teck Hoon, Edmund S. Phelps
We study here the effects of future tax and budgetary shocks on present levels of economic activity and real interest rates in a nonmonetary and possibly non-Ricardian economy. The paper first takes...
Macroeconomic Shocks in a Dynamized Model of the Natural Rate of Unemployment.
Hoon, Hian Teck, Phelps, Edmund S
At the microeconomic level, this paper revises and broadens the theory of the equilibrium rate of unemployment, the "natural rate" in a monetary model. The authors begin by recreating Steven Salop's...
INTERNATIONAL TRADE AND THE EQUILIBRIUM RATE OF UNEMPLOYMENT IN A HECKSCHER-OHLIN WORLD ECONOMY
This paper develops a (stylized Asia-America) Heckscher-Ohlin world economy in which the equilibrium rate of unemployment is endogenous. We examine the impact of various economic shocks on...
Service Links and Wage Inequality
In our general equilibrium model, the variety of specialized service links affects international production fragmentation in manufacturing. Decreases in cost of education or fixed cost of service...
General-Equilibrium Implications of International Product-Market Competition for Jobs and Wages.
This paper extends the insight that trade increases international product-market competition to show that in a world with an endogenous natural rate of unemployment, countries can benefit through a...
Growth Accounting for a Follower-Economy in a World of Ideas: The Example of Singapore
In this paper, we take another approach to accounting for the sources of Singapore’s economic growth by being explicit about the channels through which Singapore, as a technological follower,...
Future fiscal and budgetary shocks
Hoon, Hian Teck, Phelps, Edmund S.
We study the effects of future tax and budgetary shocks in a non-monetary and possibly non-Ricardian economy. An (unanticipated) temporary labor tax cut to be effective on a given future date--a...
Growth accounting for a technology follower in a world of ideas: The case of Singapore
Ho, Kong Weng, Hoon, Hian Teck
We account for the sources of Singapore's growth by being explicit about the channels through which Singapore benefits from international R&D spillovers. We find that 61.5% of Singapore's real GDP...