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It is assumed that performance of production system can be described with the three variables: amount of production equipment -- capital stock $K$ and 'consumption' of labour L and capital services S. It is shown that the production function can be specified as the known Cobb- Douglas production...
Persistent link: https://www.econbiz.de/10005134973
The 2003 Energy review,contains information about the 2003 energy situation of each of our member countries, regional data, as well as economic and social indicators corrected and extended through historical series. It presents and innovative structure for analysis that allows the reader to...
Persistent link: https://www.econbiz.de/10005118923
Housing is the most important component of wealth for many New Zealanders. Its location is fixed and its value is influenced by economic and other factors specific to that location. Hence when people live in owner-occupied homes their wealth is strongly associated with their local economic...
Persistent link: https://www.econbiz.de/10005119012
Investment decision-making is modeled by means of a Kohonen neural net, where neurons represent firms. This is done in …
Persistent link: https://www.econbiz.de/10005076670
This paper analyzes a model of investment with fixed investment costs and capital market imperfections. In this model … finance influences the level of capital firms hold, as well as the frequency at which they invest. In consequence investment …, when the short-run investment function is estimated, liquidity has a significant impact, which is also strongest for strong …
Persistent link: https://www.econbiz.de/10005076705
Limited liability debt financing of irreversible investments can affect investment timing through an entrepreneur … entrepreneur's unique investment opportunity, and it is shown in a standard model of irreversible investment that includes the … risks, and lowers the investment threshold. Compensating the lender for expected default losses reduces project …
Persistent link: https://www.econbiz.de/10005076954
Ideal economics? A “non-ideal” economics approach has been proposed, which considers the possibility of arrangement infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields of research. The approach application in...
Persistent link: https://www.econbiz.de/10005124942
investment problems have been formulated. …
Persistent link: https://www.econbiz.de/10005124993
This paper studies whether and how capital investment and economic freedom jointly endogenize economic growth. The … the crucial role of both domestic and foreign capital investment and economic freedom for rapid growth. Countries that … improve economic freedom and that bolster capital investment tend to experience faster growth. The domestic investment rate …
Persistent link: https://www.econbiz.de/10005125031
- income countries for the period 1980-2002 and then project investment needs in these sectors until 2010. Our projections …
Persistent link: https://www.econbiz.de/10005125863