Showing 1 - 10 of 31
We study non-linear Markov perfect equilibria in a two agent linear quadratic differential game. In contrast to the literature owing to Tsutsui and Mino (1990), we do not associate endogenous subsets of the state space with candidate solutions. Instead, we address the problem of unbounded-below...
Persistent link: https://www.econbiz.de/10005125611
If an economic system has a regime switch, then we could assume that the preferences have remained basically the same, but that only the state of information has changed. An alternative view is that there has been a shift of preferences, as for example individual persons can change their mind...
Persistent link: https://www.econbiz.de/10005556121
W. Arthur Lewis’s distinction between factors and forces of production, and Paul Romer’s insightful identification of the poverty of objects and the lack of ideas, as central to economic growth rate differences across economies, have enriched economic growth theory. However, both object-...
Persistent link: https://www.econbiz.de/10005556726
Eco-efficiency of production is an important concept both from the viewpoint of society and business community; but as yet, there is no unambiguous way to its measurement. The purpose of this paper is to present a general measurement framework based on production theory and the activity analysis...
Persistent link: https://www.econbiz.de/10005119199
This paper looks at the evolution of the terms of trade between commodities and manufactures in the twentieth century. A statistical analysis of the relative price series for 24 commodities and of eight indices reveals a significant deterioration in their barter terms of trade over the course of...
Persistent link: https://www.econbiz.de/10005119305
field for the National Literacy Programme in Namibia (NLPN), and at a later stage to assign them to the tasks of selecting …
Persistent link: https://www.econbiz.de/10005556007
of those businesses. A stratified random sample was drawn.The Namibian Economic Policy Research Unit undertook the …
Persistent link: https://www.econbiz.de/10005118787
poverty headcount by 2015 suggest that Zambia is unlikely to meet this International Development Target unless policy reforms …
Persistent link: https://www.econbiz.de/10005062532
Further to investigation of how Malawi accumulated external debts amounting to $2.7 billion, without a corresponding … gaps in external liquidity and increasing demand for foreign borrowing. The paper also finds that Malawi suffered a heavy … after 1976 was transmitted worldwide and as a result, the rate of interest on Malawi debt rose (by 373%) from only 1.9% in …
Persistent link: https://www.econbiz.de/10005062708
Malawi is one of the poorest countries in the world; this is largely due to the fact that more than 80% of the total …, micro and medium enterprises (SMMEs) is one way of achieving economic diversification in Malawi, indirectly addressing the … problem of poverty and employment creation . The Government of Malawi has, in recent years recognized the role that SMMEs can …
Persistent link: https://www.econbiz.de/10005407715