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This paper constructs the probability space underlying the random variable of any time dependent econometric specification. The construction links concrete economic activity, both perceived and recorded, and econometric formulations. Furthermore, it is argued that the probability events...
Persistent link: https://www.econbiz.de/10005561047
This paper studies the Gold Standard in Portugal. It was the first country in Europe to join Great Britain in 1854. The … are appropriate for the Gold Standard in Portugal. …
Persistent link: https://www.econbiz.de/10005412543
. Uniting Schumpeter's concern for innovation with Keynes' concern for uncertainty and expectations formation, this article … focuses on the behaviour of entrepreneurs confronting uncertainty caused by innovation. Entrepreneurs' behaviour is … opened up by a successful innovation generates a state of optimism in the minds of single entrepreneurs, which eventually …
Persistent link: https://www.econbiz.de/10005077089
geographically and function-ally. They promoted rapid innovation by resorting to systematic Research and Development ef- forts. And … innovation in the econ-omy. Hence, to the extent that policy makers strive to achieve the priorities of citizens, they are …
Persistent link: https://www.econbiz.de/10005413293
Persistent link: https://www.econbiz.de/10011544914
Persistent link: https://www.econbiz.de/10012104651