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Arrangements (agreements, contracts, projects, etc.) are widespread economic events and are the fundamental concept of the economic theory. Infringements (breaches, modifications, changes, etc.) of arrangements are common and have a significant importance for the economic theory. For many years...
Persistent link: https://www.econbiz.de/10005125490
This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...
Persistent link: https://www.econbiz.de/10005126382
Persistent link: https://www.econbiz.de/10005062440
, measured inequality of income for those countries increased. Researchers linked the increase to the egalitarian values of …
Persistent link: https://www.econbiz.de/10005118811
in explaining such economic outcomes as inequality can lead to misinterpretations. Income should be adjusted for costs of … economic outcomes in China. In this article, we construct a set of (rural, urban, total) provincial- level spatial price … provide illustrations of the significant effect of ignoring spatial price differences in the analysis of China’s economy. …
Persistent link: https://www.econbiz.de/10005413246
. The accelerated growth episodes observed in Brazil and China demonstrate that the increase in income inequality may have … aggregate relations. This paper establishes a bridge between the aggregation and the inequality and growth literature by …, implying that increases in income inequality may be unambiguously associated with temporary increases in a country’s growth …
Persistent link: https://www.econbiz.de/10005555988
. Moreover, our calculations suggest that US inequality is above its optimal level. …
Persistent link: https://www.econbiz.de/10005412681
inequality, both within and across countries. We find that the welfare costs of inequality are significantly larger than the …-capita consumption, the costs of within-country and cross-country inequality are equivalent to a permanent reduction in per … positive rate of 2.1%) in exchange for the elimination of all within-country inequality. The gains of economic growth are …
Persistent link: https://www.econbiz.de/10005561141
Emphasis on market-friendly macroeconomic and development strategies in recent years has resulted in deleterious effects on growth and well- being, and has done little to promote greater gender equality. This paper argues that the example of East Asia states, which recognized their position as...
Persistent link: https://www.econbiz.de/10005412981
The identification is made of those conditions by which it is possible to generate synergy or mutually enforcing relations between economic development and environment conservation with the perspective of a systems entropy flow limits. Monetary and fiscal policies are the framework of structural...
Persistent link: https://www.econbiz.de/10005062755