Showing 1 - 10 of 24
The new method of system dynamics, Method of System Potential (MSP), is applied for examination of long-term and short-term dynamics of Economic System. According to MSP two ways of long-term development of a system exist: (1) cyclical and (2) noncyclical dynamics of efficiency index of a system...
Persistent link: https://www.econbiz.de/10005118742
The new method of system dynamics, Method of System Potential (MSP), is applied for examination of long-term and short-term dynamics of the Economic System. According to MSP two ways of long-term development of a system exist: (1) cyclical and (2) noncyclical dynamics of efficiency index of a...
Persistent link: https://www.econbiz.de/10005118833
societies, social relations, and capitalism. …
Persistent link: https://www.econbiz.de/10005407671
After the demise of “real” socialism and the decline of “western” socialism, socialism can be salvaged as a social preference system oriented towards equality and social justice, to be implemented without systemic constraints in the organizational and institutional sense. At the same...
Persistent link: https://www.econbiz.de/10005407732
The author argues that the doctrine of state supremacy in Africa suffered a crushing defeat at the hands of the collapse of export prices of African commodities in the late seventies, which undermined the ability of governments to support their expanded public sector. The author observes that...
Persistent link: https://www.econbiz.de/10005561041
common market among ASEAN, China, South Korea, and Japan by establishing a free trade area covering the entire region. As the … two major countries in the region, in the arrangement, China and Japan would have centered roles in promoting economic … cooperation in East Asia. However, it is practically impossible to decide either China or Japan is capable of taking the …
Persistent link: https://www.econbiz.de/10005408050
Although the executive branch appoints Japanese Supreme Court justices as it does in the United States, a personnel office under the control of the Supreme Court rotates lower court Japanese judges through a variety of posts. This creates the possibility that politicians might indirectly use the...
Persistent link: https://www.econbiz.de/10005412525
technique of business cycle accounting (BCA) and some new evidence from Japan. BCA technique enables us to model the economy as … Japan during the period 1980 to 2000, I find that though technology shocks play an important role in propagating market …
Persistent link: https://www.econbiz.de/10005412733
There is no debate amongst economists that Japan performed poorly during the1990s. This can be seen in falling growth … 1990s. So, any model that tries to focus on what went wrong in Japan in 1990s would do well to focus on frictions on …
Persistent link: https://www.econbiz.de/10005412818
This paper tries to find a widely accessible measure of liquidity and studies its impact on asset pricing. Using trading turnover as a measure of liquidity and the 1976-1993 Tokyo Stock Exchange data, I find that, cross-sectionally, stocks with higher turnover tend to have a lower expected...
Persistent link: https://www.econbiz.de/10005413235