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savings. In line with life-cycle theory, we found that longevity increases saving ratios. …
Persistent link: https://www.econbiz.de/10010779372
SAVING DOES NOT EQUAL INVESTMENT John Maynard Keynes confused economists and politicians all over the world when he … wrote, “Saving is necessary to equal investment” together with a few equations to confirm his idea and finally concluding … that S = I. There have been repeated discussions about how saving can equal investment, accidentally or with certainty. We …
Persistent link: https://www.econbiz.de/10005126256
The idea that NN can be usefully used for a better understanding of economic complex mechanisms is present in the literature. Our interest is to show that this is correct if we use the larger possible amounts of information that data conveys. At this end we will start with the consideration...
Persistent link: https://www.econbiz.de/10005076761
Persistent link: https://www.econbiz.de/10005126153
This paper is based closely on the author's Y. C. Jao lecture presented to the Hong Kong Economic Association in November 1998.
Persistent link: https://www.econbiz.de/10005126253
Since the internet have become popular to the public, a new simulation method, which involves a large number of people in the simulation process, has been enabled. In this paper, a macroeconomic data collection simulator on the internet, which can model a closed economic system by using such the...
Persistent link: https://www.econbiz.de/10005134571
Many European countries have faced the erosion of the competitive advantage in the international market with a mixed strategy of productivity increase at home and labour cost reduction abroad, through the international fragmentation of production and subcontracting in low wage countries. Italy...
Persistent link: https://www.econbiz.de/10005412982
The American pension funds system reinforces the sensibility of the American economy to financial markets fluctuations … underfunding in the end of 2004 under reasonable assumptions as regards financial markets. Moreover, the burden on trend labor …
Persistent link: https://www.econbiz.de/10010708329
This article assesses the transmission of international shocks to EUA spot, EUA futures, and CER futures carbon prices using a broad dataset that includes 115 macroeconomic, financial and commodities indicators with daily frequency from April 4, 2008 to January 25, 2010 totalling 463...
Persistent link: https://www.econbiz.de/10011073673
Subsequent to the economic difficulties of the 1980s, many Latin American governments reluctantly began to introduce market-oriented reform measures. In many cases, the new measures were adopted only as a means of participating in debt-relief programs such as the Brady Initiative. In no case,...
Persistent link: https://www.econbiz.de/10005550976