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Variety Gains and the Extensive Margin of Trade
Lukas Mohler 한국국제경제학회 2014 International Economic Journal Vol.28 No.4
Findings from the literature suggest that previous estimates of the variety gains from trade are too small because of the imprecise measurement of the imported variety set under the Armington assumption. In this contribution, the lambda ratios as presented in Feenstra (1994) are first modified by assuming that all import variations are due to extensive margin adjustments. Under this extreme assumption, variety gains increase by a factor of six compared with the baseline Armington product-country variety differentiation case. Second, results from the literature on multi-product firms are used to obtain a more realistic magnitude of the extensive margin of imports by accounting for the entry and exit of firms as well as for product turnover within firms. It is found that welfare gains still increase by a factor of 2.5 compared with the Armington baseline case.
Train up a Child: An Exploration of the Concept of Train from Proverbs 22:6
James Mohler 한국기독교교육정보학회 2007 Journal of Christian education information tech Vol.0 No.12
This paper explores Proverbs 22:6 to discover what the term train up our children may mean. Understanding Proverbs 22:6 in its proper context and genre can allow parents to have a better perspective of a biblical approach to parenting, making it possible for children to succeed as adults in today's culture. The paper examines the proverbial context of the verse as wisdom literature as it seeks to provide a clear approach to training children through dedicated parenting, living out faith among our family, and helping children appropriate their faith holistically.
James W. Mohler 한국기독교교육정보학회 2007 Journal of Christian education information tech Vol.0 No.12
This paper explores Proverbs 22:6 to discover what the term “train up our children” may mean. Understanding Proverbs 22:6 in its proper context and genre can allow parents to have a better perspective of a biblical approach to parenting, making it possible for children to succeed as adults in today's culture. The paper examines the proverbial context of the verse as wisdom literature as it seeks to provide a clear approach to “training” children through dedicated parenting, living out faith among our family, and helping children appropriate their faith holistically.