Utilizing a two-sector, general equilibrium model with variable returns-to-scale technology, the authors examine the effects of fiscal spending on the goods-price ratio, private income, government income, and national income in a neoclassical economy. The fiscal policy is contractionary when the...

This paper analyzes the implications of three types of technical progress on outputs in a variable returns-to-scale framework. It is shown that Hicks-ne utral technical improvement is ultra-biased in production regardless of the direction and severity of the returns to scale. The output eff ect...

This paper analyzes the effects of a tariff on the import demand, the terms of trade, and the domesti c price ratio in a large-country framework incorporating variable ret urns to scale. It is shown that an improvement in the terms of trade for a given tariff may dampen the demand for imports,...

<i>¡°Even with the latest and best vehicles, machinery, technology and buildings, if we continue to use resources irresponsibly ¡ª if we continue to waste food, water and energy ¡ª we are not even in the race.¡±</i> This book looks at the sustainable issues and the accompanying opportunities,...

This book is the first to cover marketing management issues in geographically remote industrial clusters (GRICs). The phenomena of GRICs have increased in importance, especially in the Nordic countries, due to changes in industry structures as well as political ambitions. The practice of...

<i>International Strategic Alliances</i> is a practical guide that tackles major issues one might encounter when establishing a Chinese-based or US-based joint venture. It targets small and middle-market US companies that wish to establish strategic alliances based in China or other Asian countries, in...

Microfinance is regarded as a lynchpin in private sector solutions to a host of complex social challenges, from child labor, education, and women's rights, through to sustainable local economic development. The principle of self-help through capital accumulation in the US inner city looks...