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Purpose – The purpose of this paper is to reveal some basic characteristics in social and economic process, and lay the analytic foundation for advance-retreat course (ARC). Design/methodology/approach – The paper presents the analytic model of stochastic ARC (SARC), which is based on the...
Persistent link: https://www.econbiz.de/10009131047
This paper focuses on money supply and economic growth under environmental pressure. Based on the Solow growth model, a formal advance-retreat course (ARC) model and nominal ARC model for money supply are constructed, the basic conditions for increasing money to promote output growth are...
Persistent link: https://www.econbiz.de/10010685431
Purpose – The purpose of this paper is to reveal some basic characteristics in social and economic process, and lay the analytic foundation for advance‐retreat course (ARC). Design/methodology/approach – The paper presents the analytic model of stochastic ARC (SARC), which is based on the...
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