Showing 1 - 10 of 1,091
Persistent link: https://www.econbiz.de/10010371527
This paper estimates the contribution of Foreign Direct Investment (FDI) to the Total Factor Productivity (TFP) of Bulgaria for the period 2004-2013. Since TFP captures the joint efficiency of capital and labor, it is likely to be influenced by investments from abroad. As predicted by theory, a...
Persistent link: https://www.econbiz.de/10011514505
Persistent link: https://www.econbiz.de/10011926434
If Piketty's main theoretical prediction (rg leads to rising wealth inequality) is taken to its radical conclusion, then a small elite will own all wealth if capitalism is left to its own devices. We formulate and calibrate a Post-Keynesian model with an endogenous distribution of wealth between...
Persistent link: https://www.econbiz.de/10011927150
This paper estimates the contribution of Foreign Direct Investment (FDI) to the Total Factor Productivity (TFP) of Bulgaria for the period 2004-2013. As predicted by theory, a positive relationship between TFP and FDI is documented. The standard Ramsey (optimal) growth model, augmented with the...
Persistent link: https://www.econbiz.de/10011714665
If Piketty's main theoretical prediction (rg leads to rising wealth inequality) is taken to its radical conclusion, then a small elite will own all wealth if capitalism is left to its own devices. We formulate and calibrate a Post-Keynesian model with an endogenous distribution of wealth between...
Persistent link: https://www.econbiz.de/10011958545
Persistent link: https://www.econbiz.de/10012286756
Persistent link: https://www.econbiz.de/10012263824
Persistent link: https://www.econbiz.de/10012423791
estimated for G7 countries applying a Monte Carlo simulation method, in order to find out the predictive ability of the equation …
Persistent link: https://www.econbiz.de/10012178049