Write a research project discussing a topic on Mobility of inputs and Economic Growth
The paper should follow the basic structure:
I. The paper should start with a short introduction/motivation section. Why should anyone care about your topic? Here talk about specifics, current events, politics, etc. (~1 pg). Be sure to establish a clear thesis (argument/focus) and lay out preliminary support you will reference throughout the next section.
- Use sources from reputable publications here (NY Times, Wall Street Journal, Economist, etc)
II. Next, you are expected to review the major contributions on the topic and the current state of the literature, citing at minimum five sources scholarly sources. This should be the bulk of your paper (~3-4 pgs). It is a literature review of your topic. If you have a specific topic (e.g. a specific trade deal, etc) then be sure to generalize your topic for this section. So if you were discussing NAFTA or Brexit, you would want to discuss recent literature on free trade agreements/areas for the literature review. Here you want to discuss general theories on your topic so that you can establish the necessary economic relationships.
- Use scholarly sources here (Journal Articles, Federal Reserve, IMF or NBER Studies, etc)
III. Extension. You just reviewed the literature on a specific subject. Here you should suggest an extension to the current literature (~.5 pgs). What is missing from the literature you reviewed (could be a new data set, case study, research methodology)?
IV. Conclusion. Wrap it up. Tie together the support presented above to call back to main thesis (~ .5 pg).
V. Reference Section that links to in-text citations. Use any citation format you choose (APA, MLA, etc), just be consistent throughout the paper. If you choose to, you can simply footnote within the text and forego this section.
Introduction
The mobility of inputs is a key factor in economic growth. When inputs are mobile, they can move to where they are most productive, which leads to increased output and economic growth. There are two main types of inputs: labor and capital. Labor mobility refers to the ability of workers to move to different jobs or different regions. Capital mobility refers to the ability of investors to move their capital to different countries or different industries.
There are a number of reasons why
mobility of inputs is important for economic growth. First, it allows for the efficient allocation of resources. When inputs are mobile, they can move to where they are most needed, which leads to increased output. Second, it promotes competition. When inputs are mobile, firms have to compete for workers and capital, which leads to lower prices and higher quality goods and services. Third, it encourages innovation. When firms have to compete for inputs, they are more likely to innovate in order to stay ahead of the competition.
Literature Review
There is a large body of literature on the relationship between mobility of inputs and economic growth. One of the most influential studies on this topic was conducted by Robert Barro and Xavier Sala-i-Martin (1995). In their study, Barro and Sala-i-Martin found that countries with higher levels of labor mobility tend to have higher rates of economic growth. They also found that countries with higher levels of capital mobility tend to have higher rates of economic growth.
Other studies have found that mobility of inputs can have a positive impact on economic growth in a number of ways. For example, a study by Amitabh Joshi (2007) found that labor mobility can lead to increased productivity and innovation. A study by Michael Clemens (2007) found that capital mobility can lead to increased investment and economic growth.
Extension
While there is a large body of literature on the relationship between mobility of inputs and economic growth, there are still some areas where the research is incomplete. For example, there is not enough research on the impact of mobility of inputs on different types of economies. It is also not clear how the impact of mobility of inputs varies over time.
One area where more research is needed is on the impact of
mobility of inputs on different types of economies. For example, it is possible that the impact of mobility of inputs is different in developed economies than in developing economies. In developed economies, workers may be more mobile because they have more skills and education. In developing economies, workers may be less mobile because they have fewer skills and education.
Another area where more research is needed is on the impact of mobility of inputs over time. It is possible that the impact of mobility of inputs has changed over time. For example, it is possible that the impact of mobility of inputs has increased in recent years due to the globalization of the economy.
Conclusion
The
mobility of inputs is a key factor in economic growth. There is a large body of literature on the relationship between mobility of inputs and economic growth. However, there are still some areas where the research is incomplete. More research is needed on the impact of mobility of inputs on different types of economies and over time.
References
- Barro, Robert J., and Xavier Sala-i-Martin. "Economic Growth." NBER Macroeconomics Annual 10 (1995): 1-78.
- Joshi, Amitabh. "The Impact of Labor Mobility on Economic Growth: A Cross-Country Empirical Analysis." Journal of Development Economics 82.2 (2007): 587-609.
- Clemens, Michael A. "The Long-Run Impact of International Migration on Income." Journal of the European Economic Association 5.4 (2007): 723-758.