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Basic innovations and their diffusion, the expansion or contraction of the level of economic activity and the volume of international trade, rising sovereign debts and their defaults, conflicts and the outbreak of wars, are some of the major phenomena appearing during the downswing or upswing...
Persistent link: https://www.econbiz.de/10015258359
Usually, current Financial Crisis of 2008 is compared to the Great Depression of 1929. But there are some evidences that our current financial crisis has much more similarities and analogies to the crisis initiated by the panic in 1907. A brief analysis of both crises is presented. This analysis...
Persistent link: https://www.econbiz.de/10015241091
hand, the emerging cycles allow us to observe the influence of the negative shock of the 1985-86 years on the evolution of …
Persistent link: https://www.econbiz.de/10015242045
Mainly there exist two competing models to explain the Great Depression in the relevant literature: Monetarist and Keynesian models. Monetarists assert that The Depression resulted from a contraction of the money supply in the early 1930’s. Keynesians, on the other hand, argue that The...
Persistent link: https://www.econbiz.de/10015254086
Investment in Capital Markets creates a strategic vision on the financial capital investment in the capital markets with the aim to get an increased return premium in the short and long time periods. The book is written with a main goal to explain the pros and cons of the financial capital...
Persistent link: https://www.econbiz.de/10015255145
Total Factor Productivity (TFP) following the Great Recession in the UK. We decompose the growth rate of UK industry … productivity over the 2006-2014 period into four components; the within, the between, the entry, and the exit effect employing the … within effect, which is the productivity decline within surviving firms. However, the entry and exit effects also …
Persistent link: https://www.econbiz.de/10015214808
Most traditional explanations for the decreasing aggregate output volatility - so-called "Great Moderation" - fail to accommodate, or even directly contradict, another aspect of empirical data: the average sales volatility for publicly-traded US firms has been increasing during the same period....
Persistent link: https://www.econbiz.de/10015215845
This paper estimates the price-marginal cost markup for US manufacturing using a new methodology. Most existing techniques of estimating the markup are a variant on Hall's (1988) framework involving the manipulation of the Solow Residual. However this paper argues that this notion is based on...
Persistent link: https://www.econbiz.de/10015218154
In this study, we review the studies on the relation between firms’ efficiency or profitability and their exit. Although we take it for granted that inefficient or unprofitable firms are more likely to exit, which we call the natural selection hypothesis, some theories predict that it is not...
Persistent link: https://www.econbiz.de/10015223864
The neo-Austrian average period of production is calculated by taking the shares of costs referable to each period out of the total amount of costs as weights. Once this notion had been introduced, its inverse relationship with the rate of interest prompted some scholars to believe that it could...
Persistent link: https://www.econbiz.de/10015260625