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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
The aim of this work is that of exemplifying some applications of the modern theory of the complexity to the economic sector; we will highlight some of the possibilities of control of chaotic systems and some of that possibilities which are opened by the study of such systems. Remembering how a...
Persistent link: https://www.econbiz.de/10005560963
demand for labor is equal to supply, and the wage rate is precisely the market-clearing one, if and only the necessary money …Keynes (1936) said that shortage of money caused by hoarding or failure to invest led to unemployment, but Lucas (1972 …) said that money does not affect unemployment. The tables have now turned. Gani (2003) produced a model of indirect trade in …
Persistent link: https://www.econbiz.de/10005561133
En esta obra, Alejandro Díaz-Bautista compila una serie de artículos de investigación económica en donde se recogen diversos puntos de vista de los cambios económicos ocurridos durante los últimos tres sexenios en México, que se registraron en la esfera política económica y en...
Persistent link: https://www.econbiz.de/10005561268
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 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