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There is an ostensible relationship between whether or not a nation is developed and the interpretation and collection of data in this nation. For instance, if a country is developing, it is difficult to collect figures, though much simpler to interpret them. The opposite is the case in a...
Persistent link: https://www.econbiz.de/10015213579
The Phillips curve is fifty years old. Since Phillips (1958)'s original contribution this econometric relationship has undergone many criticisms and evolutions. The Phillips curve yet remains a fundamental tool for inflation forecasting and monetary policy analysis. This paper reviews the...
Persistent link: https://www.econbiz.de/10015213587
This paper examines the conditions leading neoclassical economics to its division into microeconomics and macroeconomics, comparing it with the integrated macroscopic-microscopic approach of Classical Political Economy (CPE). Neoclassical economics emerged in the last quarter of the 19th century...
Persistent link: https://www.econbiz.de/10015214098
This article traces the evolution of the Post-Keynesian school in France since the mid-1970s. Starting out … inauspiciously from a Keynesian tradition of little influence, the school’s growth was slowed by strong competition from other … this, some momentum has been built up in France since 2000s. Today, the French Post-Keynesian school is well structured …
Persistent link: https://www.econbiz.de/10015214819
After a decade of high growth, the Russian econoomy is experiencing a slowdown in the wake of the global financial crisis. While Russia's strong short-term macroeconomic fundamentals make it better than many emerging economies to deal with the crisis, its underlying structural weaknesses and...
Persistent link: https://www.econbiz.de/10015214999
Over the past four decades, developing countries have not been immune to international financial changes. Today, the destabilizing effects of financial liberalization are affecting even developed economies. This paper reviews the theoretical foundations and the different relationships between...
Persistent link: https://www.econbiz.de/10015215037
Australia, since the early 1980s, has been a leading advocate and practitioner of the neo-liberal economic model, also known as the Anglo-Saxon (or Anglo-American) model due to its geographical origins in the UK and the US, and its subsequent ascendancy in Australia, New Zealand and Canada,...
Persistent link: https://www.econbiz.de/10015215085
This paper discusses the establishment of the minimum wage determination process in the early twentieth century Australia, following the institutionalisation of compulsory industrial arbitration between capital and labour. This process led to the 1907 Harvester judgment whereby the Common-...
Persistent link: https://www.econbiz.de/10015215086
The cross-sectional trends in dividends are investigated at an aggregate level of ownership (i.e. closely/largely held and regulated firms), and at disaggregate level across 20 industries to examine how Indian Private Corporate Sector appropriated its profits over 1961-2007 periods....
Persistent link: https://www.econbiz.de/10015215156
This paper assessed empirically Nigeria’s agricultural export and economic welfare. Data used for the study were obtained from secondary sources, bulk of which was collected from institutional and national databases over 1990-2005 and were analyzed using multiple regression and growth rate...
Persistent link: https://www.econbiz.de/10015215198