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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
as the key requirement of macroeconomic stability and sustainability of an economy. Without exception, the issue of … fiscal sustainability also being in the spotlight for the developing countries especially in Asian, after the financial shock … sustainability in Asian. These results also confirm the complexity properties of the panel data. …
Persistent link: https://www.econbiz.de/10005561244
We postulate a new method of identifying debt which we call Debt Burden (DB). We claim that DB reveals the true debt obligations of the fiscal authority. It is more accurate and transparent. Hence, DB would serve fiscal authority much better in policy making. It is powerful in a sense that it is...
Persistent link: https://www.econbiz.de/10005125920
The main objective of this paper is to study the relationship between external public debt and equilibrium real exchange rate in developing countries. Using a extension of Obstfeld & Rogoff (1995) model we show that debt overhang tend to appreciate real exchange rate in the long run (Krugman...
Persistent link: https://www.econbiz.de/10005126240
The windfall acquisition of precious metals from American mines and the military revolution of the Early Modern age allowed the Spanish monarchs to command large amounts of credit andpursue an expansive imperial policy unlike that of any other Early Modern nation; when the costof the Empire...
Persistent link: https://www.econbiz.de/10005556873
We provide some existence results of stable pricings for natural monopoly as defined in the theory of contestable markets. The main addings are based on the assumption of separated markets and the possibilities of entries. We borrow tools from cooperative game theory. Following the work of...
Persistent link: https://www.econbiz.de/10005125630
of the sustainability of the Valais’ public debt in order to determine if its level is excessive or not. …
Persistent link: https://www.econbiz.de/10005125990
As the barriers to hemispheric trade and integration are lowered, it will be asked whether we will we hear the "giant sucking sound" of poorer nations luring U.S. and Canadian firms south to take advantage of low wages and lax environmental regulations? Or, will Latin American nations passively...
Persistent link: https://www.econbiz.de/10005062608
Collective concerns about sustainable development and proposals about how to achieve sustainability have produced a … sustainability; and yet the lack of clear definitions has left a vacuum of corporate guidance. Corporate Social Responsibility (CSR …) has become a synonym for corporate action towards sustainability, but companies continue to struggle to understand how to …
Persistent link: https://www.econbiz.de/10005062681
of sustainability while establishing a consistent system of units for both the solar flux and economic transformation … processes. Conditions for a virtuous cycle dynamic in relation to sustainability is expressed, adhering to non …
Persistent link: https://www.econbiz.de/10005062749