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In this paper I critically analyze the relationship that professors Dornbusch and Fischer establish among the concepts of GNP, NNP and aggregate income. In principle, aggregate income is NNP; indeed, the whole point of introducing the concept of NNP is to determine what is the income of the...
Persistent link: https://www.econbiz.de/10005121337
I analyze Quesnay's explanation of the "Tableau Economique" of 1766 in order to show that he made a clear distinction between capital and income. In holding this distinction, Quesnay rejected the nowadays currently accepted views that the full value of the national output is equal to aggregate...
Persistent link: https://www.econbiz.de/10005187604
I contend that Keynes provides two contradictory definitions of aggregate income. According to the first definition, which is the dominant in Keynes as well as the standard in current Macroeconomics, the full value of output becomes income in the aggregate. This view can be traced back, at...
Persistent link: https://www.econbiz.de/10005187609
The paper investigates both linear and nonlinear causality between electricity consumption and economic growth in Spain for the period 1971-2005. We use the methodology of Toda and Yamamoto (1995) and Dolado and Lütkepohl (1996). We also apply the standard Granger causality tests in a VAR for...
Persistent link: https://www.econbiz.de/10005518731
Existen varias técnicas de análisis de tablas múltiples en la literatura. Estas técnicas tienen, sin embargo, lagunas de aplicación cuando las tablas están compuestas por un número diferente de individuos, especialmente si las variables incluidas en las tablas son cualitativas. Para este...
Persistent link: https://www.econbiz.de/10005518732
Also published as Working Paper DFAEII 2003-01
Persistent link: https://www.econbiz.de/10005518733
El objetivo fundamental de este trabajo es analizar las motivaciones dominantes en los alumnos de las Licenciaturas de Economía (LE) y Administración y Dirección de Empresas (LADE)a la hora de enfrentarse a las asignaturas de Estadística. Para ello se ha realizado una encuesta de opinión,...
Persistent link: https://www.econbiz.de/10005518734
Persistent link: https://www.econbiz.de/10005518735
The literature on mixed oligopoly does not consider the role that the environmental policy of the government plays on the decision whether to privatize public firms. Assuming that there are one public firm and n private firms and that the government chooses an environmental standard we show...
Persistent link: https://www.econbiz.de/10005518736
The present article reexamines some of the issues regarding the benchmarking of patents using the NBER data base on U.S. patents by generalizing a parametric citation model and by estimating it using GAM methodology. The main conclusion is that the estimated effects differ considerably from...
Persistent link: https://www.econbiz.de/10005518737