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In a system with several stochastically failing parts and economies of scale in their maintenance, it may be advantageous to follow an "opportunistic" policy for maintenance. In opportunistic policies the action to be taken on a given part at a given time depends on the state of the other parts...
Persistent link: https://www.econbiz.de/10009209055
The objective of this article is to provide an overview of the World KLEMS Initiative, which brings together EU KLEMS, Latin America KLEMS, and Asia-KLEMS. This project generates KLEMS data sets, consisting of inputs of capital (K) and labour (L) at the industry level, together with inputs of...
Persistent link: https://www.econbiz.de/10010601941
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The massive reconfiguration of the world economy over the next decade will lead to a New Economic Order by 2020. China will displace the U.S. as the world's leading economy and India will overtake Japan. This will shift the balance of the G20 from the leading industrialized economies of the G7...
Persistent link: https://www.econbiz.de/10010679051
This paper considers the relative importance of investment and productivity in the growth of the G7 countries during the period 1960-89. Investment is the commitment of resources in the expectation of future returns to the investor. Productivity is identified with 'spillovers' of benefits that...
Persistent link: https://www.econbiz.de/10010630983
This paper presents new data on the sources of growth for the Japanese economy over the period 1960-2000. The principal innovation is the incorporation of detailed information for individual industries, including those involved in the production of computers, communications equipment, and...
Persistent link: https://www.econbiz.de/10010638918
This paper presents new data on the sources of growth for the Japanese economy over the period 1960-2000. The principal innovation is the incorporation of detailed information for individual industries, including those involved in the production of computers, communications equipment, and...
Persistent link: https://www.econbiz.de/10010638920
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