Showing 1 - 10 of 125
Some economists have argued that the process of disintegration of the world economy between the two World Wars led to income divergence between the countries. This is in keeping with the view that economic integration leads to income convergence. The paper shows that the view that the period...
Persistent link: https://www.econbiz.de/10005076560
The paper shows that the current view of globalization as an automatic and benign force is flawed: it focuses on only … one, positive, face of globalization while entirely neglecting a malignant one. The two key historical episodes that are … adduced by the supporters of the “globalization as it is” (the Halcyon days of the 1870-1913, and the record of the last two …
Persistent link: https://www.econbiz.de/10005118746
. Our three-fold empirical understanding of the process of globalization – reliance on foreign savings, MNC penetration and …
Persistent link: https://www.econbiz.de/10005125619
, globalization; general welfare, social security and public pensions, macroeconomics – Asia including Middle East; macroeconomic …
Persistent link: https://www.econbiz.de/10005556011
This zip archive contains implementations of the trend-cycle-season filter in Eviews, Excel, and MatLab. The trend-cycle-season filter is another univariate method to decompose a time series into a trend, a cyclical and a seasonal component: the Trend-Cycle filter (TC filter) and its extension,...
Persistent link: https://www.econbiz.de/10005062569
The paper discusses several questions related to the economic cycles, from the scientific methodological approach to isolate the economic cycles, to an empirical application using data of the Portuguese industrial sector, passing by the identification of the real economic cycles that modulated...
Persistent link: https://www.econbiz.de/10005412943
This paper proposes a new univariate method to decompose a time series into a trend, a cyclical and a seasonal component: the Trend-Cycle filter (TC filter) and its extension, the Trend-Cycle-Season filter (TCS filter). They can be regarded as extensions of the Hodrick-Prescott filter (HP...
Persistent link: https://www.econbiz.de/10005556341
For some time Marxist economists believed that central planning as applied in the Soviet-type economies could prevent cyclical fluctuation. This view, however changed, when in 1960’s it became quite obvious, that some type of cycle is generated in centrally planned economies as well. Because...
Persistent link: https://www.econbiz.de/10005561210
Stating from the basic characteristics of economic development process and based on the partial distribution [F.Dai, 2001], this paper advance the concept of development power, give its basic models, and try to establish a theory of describing and analyzing the macroeconomy ©¤ the development...
Persistent link: https://www.econbiz.de/10005561211
We set up a unified growth model capturing the transition of a primitive and egalitarian hunter-gatherer society, into an advanced and despotic early civilization, and finally into a more egalitarian industrial society. Agents are either landowners or landless; both earn income from human...
Persistent link: https://www.econbiz.de/10005076730