Showing 1 - 10 of 10
The belief that equality of demand and supply determines price and clears the market is universal. Shockingly, this belief is unfounded. It contradicts macro’s claim that equality of demand and supply determines output. It contradicts (new) monetary theory, which claims that equality of demand...
Persistent link: https://www.econbiz.de/10005413280
institutions in aggregate demand liquidity, in that total buy (sell) volume predicts increasing (decreasing) institutional … ownership. Institutions also tend to trade in large or very small sizes, in that buy (sell) volume at these sizes predicts …
Persistent link: https://www.econbiz.de/10005134775
institutions. The study conducts a literature review on the theoretical and empirical works of economic growth, with emphasis in …
Persistent link: https://www.econbiz.de/10005062522
institutions. The study conducts a literature review on the theoretical and empirical works of economic growth, with emphasis in …
Persistent link: https://www.econbiz.de/10005407867
De juridische bescherming van banken en aandeelhouders beïnvloedt de omvang en kwaliteit van het financiële systeem en daarmee de economische groei. Gebrekkige (juridische) instituties in transitie-economieën kunnen de economische ontwikkeling van deze landen dan ook afremmen. Zo dragen...
Persistent link: https://www.econbiz.de/10005413152
This paper offers a review of the main progress made in entrepreneurship analysis and institutional economics, discussing its possible integration to general theory of economic development, considering the increasing importance that these topics have gained in contemporary approaches of...
Persistent link: https://www.econbiz.de/10005119013
equity. Using the African scenario, this paper argued that although many of the institutions needed for strong income growth …
Persistent link: https://www.econbiz.de/10005561601
, unemployment exhibits persistence in the sense of duration dependence: the probability of obtaining a job decreases in the length …
Persistent link: https://www.econbiz.de/10005135002
The hypothesis that the behavior of firms in adjusting the number of their employees along a business cycle depends on the size of the firms has often been mentioned in the literature. Several authors argue that small and medium sized enterprises are more hesitant in hiring additional employees...
Persistent link: https://www.econbiz.de/10005135008
Differences in regional unemployment rates are often used to describe regional economic inequality. This paper asks … whether changes in regional unemployment differences in West Germany are persistent over time. Only if such changes are … dispersion of unemployment rates. Our analysis follows a time-series approach to economic convergence and we test whether …
Persistent link: https://www.econbiz.de/10005118979