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to the relation between domestic saving and investment. A key element of the presented analysis is whether world capital … mobility is high enough to hold a condition that the relation between the domestic saving and investment in a country could … as well as by the analysis of saving and investment distinguishing the set of developed, poor, and transition countries …
Persistent link: https://www.econbiz.de/10005036654
We start out from the hypothesis that limited government leads to low uncertainty and low transaction costs. If … political institutions affect the degree of uncertainty and transaction costs, we formally show they should affect the steady … state level of income per capita. The impact of uncertainty and transaction costs on income per capita is formalized in a …
Persistent link: https://www.econbiz.de/10005668472
and disadvantages. Further results and benefits of application of Monte Carlo simulation in risk analysis of investment …
Persistent link: https://www.econbiz.de/10008545888
Persistent link: https://www.econbiz.de/10009724879
Persistent link: https://www.econbiz.de/10011473110
This survey analyzes two types of models: 1. Models based on assumptions of monetary and financial market equilibrium disturbance in line with mainstream thinking to believe that is self-regulating market, the units would have rational expectations, an the crisis would be a temporary phenomenon...
Persistent link: https://www.econbiz.de/10008764787
The study has as its objectives, to determine the influence of price volatility and price expectation in the rate of inflation as a measure of the price level. In addition, the study sought to evaluate ipso facto the extent to which monetary policy has influenced inflation by reducing price...
Persistent link: https://www.econbiz.de/10008459912
New tax rules with effect from 1 May 2009 with a series of changes on the tax deductibility of the value added acquisitions related to transport and fuel use. The measure is very obvious nature of politics in order to bring the state budget amounts as required under the current government crisis...
Persistent link: https://www.econbiz.de/10008459915
This paper uses imperfect competition as a basis for modelling the export price for an aggregated commodity produced by the Norwegian private mainland economy. The long run solution is analysed using a cointegration technique. The dynamics are modelled according to two different approaches; a...
Persistent link: https://www.econbiz.de/10004980524
The formation of export prices is an area in which the linear quadratic adjustment cost (LQAC) model under rational expectations may be relevant in practice. This paper evaluates the empirical performance of the LQAC-model using Norwegian data and a new testing procedure suggested by Johansen...
Persistent link: https://www.econbiz.de/10004980930