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/59, WHEN COAL PRODUCTION REACHED ITS PEAK, THERE HAS BEEN A PERSISTENT FLUCTUATION IN THE AMOUNT OF COAL PRODUCED IN SUBSEQUENT …
Persistent link: https://www.econbiz.de/10005412925
Recently there has been a growing tendency to impose curvature, but not monotonicity, on specifications of technology …, estimated flexible specifications of technology are much more likely to violate curvature than monotonicity. Hence it has been … our earlier results with a multiproduct financial technology specified to be generalized quadratic. In our earlier work …
Persistent link: https://www.econbiz.de/10005062564
The author of this note takes it as self evident that prosperity and the provision of "things" (buildings, roads, furniture, furnishings, clothes, machines and equipment of all sorts) go together. The way people generally speak and act is in line with this view. If this is so, domestic...
Persistent link: https://www.econbiz.de/10005407637
El tema de la inflación ha sido uno de los más debatidos en los últimos meses. Los incrementos de precios registrados en el primer trimestre de 2005 han avivado la discusión. Este trabajo muestra que el problema está lejos de estar fuera de control y que determinadas medidas de política...
Persistent link: https://www.econbiz.de/10005076625
zero. The paper shows that declining nominal prices were a rather common phenomenon during this period of low or no … inflation. The declining prices cannot, however, be explained by lack of demand or any generalized deflationary tendencies …. Hence, the downward rigidity of nominal prices has not prevented relative price adjustments under price stability. The paper …
Persistent link: https://www.econbiz.de/10005412660
SINCE 1930, EXPECTATIONS HAVE PLAYED AN IMPORTANT ROLE IN ECONOMIC THEORY AND THIS IS BECAUSE ECONOMICS IS GENERALLY CONCERNED WITH THE IMPLICATIONS OF CURRENT ACTIONS FOR THE FUTURE. THIS PAPER THEREFORE ARGUES THAT THE DEVELOPMENT OF RATIONAL EXPECTATIONS THEORY WILL MAKE A MORE SIGNIFICANT...
Persistent link: https://www.econbiz.de/10005412739
colonies triggered in Spain a phenomenon known as the Dutch disease,diverting factors of production to non-traded goods …
Persistent link: https://www.econbiz.de/10005556872
This paper reviews the existing empirical evidence on the short-term impact on prices of fiscal variables and assesses … Commission and the OECD models. Overall, a broad consensus appears on the impact on prices of changes in individual government … limited impact on prices in the first year while, in contrast, changes in indirect taxes and employers’ social security …
Persistent link: https://www.econbiz.de/10005561299
The paper argues that Cobb-Douglas (CD) production function merits use for analysing the production process, not … generalised form. Even in the face of imperfections in the market it does not introduce distortions of its own. Unconstrained CD …-function further increases its potentialities to handle different scales of production. Various econometric estimation problems, such …
Persistent link: https://www.econbiz.de/10005407915
and time) of money used as unit for measurement of the prices. Under these circumstanes, exchange control is monopoly of … article discusses the valuation of prices, unit price or measuring unit for prices, ligitimacy of exchange control in markets …
Persistent link: https://www.econbiz.de/10005408103