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Rothbard's (1993) analysis incomplete in that it unduly portrays a rise in the volume of investment as a necessary counterpart … and Rothbard. We explore these implications, demonstrating that the present demand schedule and the volume of investment …
Persistent link: https://www.econbiz.de/10013033534
production, cross-country differences in investment rate and price of final goods, and cross-country equalization of price of …
Persistent link: https://www.econbiz.de/10010779610
This paper presents a new stage-of-fabrication inventory model with ordering usage and stocking of input materials that distinguishes between gross production and value added It extends the traditional linear-quadratic model of output (finished goods) inventories by adding joint determination of...
Persistent link: https://www.econbiz.de/10010293497
This paper analyzes the relationship between functional income distribution aggregate demand and economic growth in five Central American countries; Costa Rica, El Salvador, Honduras, Nicaragua, and Panama for the period 1970-2016. It estimates the effects of a change in the wage share on...
Persistent link: https://www.econbiz.de/10012406275
uncertainty significantly reduces managers' expected investment, employment and production in the short and mid run. We collect …
Persistent link: https://www.econbiz.de/10012888676
argue that there is much confusion about key macroeconomic concepts like saving, investment and finance. This confusion is … best summarised in the statement "saving finances investment". After clearly defining the accounting relationships between … lending, financial saving and physical investment it will be shown that this is a nonsense statement. The theory behind it …
Persistent link: https://www.econbiz.de/10010460525
economists identify saving and the credit supply by interpreting the macroeconomic saving-investment identity as a budget … supply of credit and thus more funds to be invested by firms for investment. The paper shows that proponents of this theory …
Persistent link: https://www.econbiz.de/10010460544
investment in a DSGE model? We offer an alternative to microfrictions explanation of aggregate investment non-linearities, in … particular the heteroscedasticity of investment rate. Additionally, consistent with the data, these shocks imply that investment … predicts opposite investment behavior or fails to quantitatively capture these features in the data …
Persistent link: https://www.econbiz.de/10009625911
economists identify saving and the credit supply by interpreting the macroeconomic saving-investment identity as a budget … supply of credit and thus more funds to be invested by firms for investment. The paper shows that proponents of this theory …
Persistent link: https://www.econbiz.de/10010201646
This paper critiques Rothbard's ([1962] 2004) concept of gross investment. Rothbard introduced the concept in order to … investment as he defines it does not contain significant information concerning the question as to whether the capital structure …
Persistent link: https://www.econbiz.de/10010481407