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Demand and Growth Regimes (DGR) and Macroeconomic Policy Regimes (MPR) frameworks have taken prominence within the post … terms of aggregate demand and growth. In particular, it is possible to observe the MPR and DGR transition between 2002 and …
Persistent link: https://www.econbiz.de/10013537582
optimal control theory process. Two operational equations are derived representing firm growth and shadow-price behavior. Firm … with government regulations, were positive and significant predictors of firm output growth and the shadow-price of its … growth and those used for the shadow price. Policy implications were discussed briefly. …
Persistent link: https://www.econbiz.de/10010369473
growth. Data from the World Values Survey enable us to investigate tolerance-growth relationships for 54 countries. We … tolerance toward homosexuals is negatively related to growth. For tolerance toward people of a different race, we do not find …
Persistent link: https://www.econbiz.de/10010321391
This paper analyzes the effectiveness of public expenditures on economic growth within the analytical framework of … the specific categories of public expenditures and economic growth, captured in human capital formation, defense …, infrastructure development, and technological innovation. The results reveal that the impact of innovation-related spending on …
Persistent link: https://www.econbiz.de/10011784673
that as firms gain market share, they increasingly rely on nonproductive strategies but reduce their productive, innovation …
Persistent link: https://www.econbiz.de/10012819000
. Thus, being acquired by a foreign MNE appears to be a conceivable alternative for small firms with strong future growth … potential, especially when dealing with the growth barriers that such firms usually encounter. …
Persistent link: https://www.econbiz.de/10012654458
The global financial crisis of 2007-09 has led to an intensive research program analyzing a wide range of issues related to financial crises. This paper presents a summary of a forthcoming book, Financial Crises: Causes, Consequences, and Policy Responses, that includes 19 contributions...
Persistent link: https://www.econbiz.de/10010500233
This paper reviews the recently published doctoral thesis of Hyman P. Minsky, summarizing its main contributions to methodology and microeconomics. These were aspects of economics with which Minsky is not usually associated, but which lie at the foundation of his later work. They include...
Persistent link: https://www.econbiz.de/10010266600
How can an argument that is based on assumptions known to be false deliver any insightful conclusions let alone be used for policy recommendations? Over the years, a variety of concerns regarding (micro-)economic modelling and its relevance for real life have been expressed along these lines....
Persistent link: https://www.econbiz.de/10013208698
This study investigates disclosure behavior when a manager has incentives to influence the actions of a product market competitor in a Cournot duopoly. Theoretical research suggests that under various conditions the manager has incentives to withhold some signals and disclose others. Using an...
Persistent link: https://www.econbiz.de/10010397455