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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
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- idea gaps, and factor-force specialization do not make explicit intra … growth. Economies with strong positive resource intra- and inter-actions produce more output than others. In fact, intra- and …
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
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
We set up an open-economy, three-country version of the endogenous- mortality model of Lagerloef (forthcoming in the … International Economic Review). The model is calibrated to pre-industrial mortality data from England, France and Sweden. Fitting … parameters to match observed rates of correlation in mortality rates, the model can also account for: (1) differences in the …
Persistent link: https://www.econbiz.de/10005412676
ACCELERATE THE SUBSTANTIAL HEALTH GAINS OF RECENT DECADES, ESPECIALLY FOR THE POOR IN AFRICAN COUNTRIES SUCH AS NIGERIA, THE …
Persistent link: https://www.econbiz.de/10005408428
accelerate the substantial health gains of recent decades, especially for the poor in African countries such as Nigeria, the …
Persistent link: https://www.econbiz.de/10005556956
perception of decline be reconciled with a reality of growth? The answer is that the "decline" which is perceived is a decline in … domestic output of goods by and large keeps pace with the growth of GDP. This note summarises the statistical evidence for the …
Persistent link: https://www.econbiz.de/10005407637
We examine the contribution of incremental and radical innovations to total factor productivity (TFP) growth at the … accompanied by informal research. We find that radical innovations are the only significant contributors to TFP growth so that … innovation height matters. We also find evidence that TFP growth is better represented by an upward shift of the production …
Persistent link: https://www.econbiz.de/10005407643