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(BEER) and a Permanent Equilibrium Exchange Rate (PEER). Four different model specifications are retained, due to the … productivity, and (in some specifications) the relative fiscal stance and the real price of oil, have a significant influence on …
Persistent link: https://www.econbiz.de/10005408176
This paper looks at the impact on Australia’s trade in crops (non-wheat grains and oilseeds) where GM technology has been introduced. The model includes assumptions about the productivity gains of GM crops, possible consumer responses and regulatory costs for Australia and its major trading...
Persistent link: https://www.econbiz.de/10005407855
equity markets. The 42.4 p.c. fall in the S&P 500 price index between 24 March 2000 - when it reached its all-time high - and …, we make use of valuation indicators defined as the ratio of the price to a fundamental. The fundamentals considered here …, price-earnings (P/E) still showed a significant overvaluation of equity prices when compared to the historical average over …
Persistent link: https://www.econbiz.de/10005125064
Prevailing trade theory is a neglected stepchild of economics. Micro rejects the sole reason for trade’s occurrence. It declares zero profit in equilibrium. Monetary theory and macroeconomics dismiss concerns of trade financing. They assert that money has nothing to do with traded output, but...
Persistent link: https://www.econbiz.de/10005408069
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
The belief that equality of demand and supply determines price and clears the market is universal. Shockingly, this … indirect trade, money also must be used. Micro says that price is equal to marginal cost, rejecting trade theory’s claim that … trade is gainful. To remove these and other contradictions, price theory must be repaired. Money’s role in market clearing …
Persistent link: https://www.econbiz.de/10005413280
Questo articolo indaga sulla reale portata dell'analisi di Marx, basata in maniera fondamentale sulla propria teoria del valore e del plusvalore. L'idea innovativa dell'articolo consiste nel mostrare come sia possibile capire realmente l'analisi della teoria del valore di Marx, partendo da Marx...
Persistent link: https://www.econbiz.de/10005076659
Putting the theory of price system on the relationship among price, wage, labor time, interest rate and GNP (or GDP … value and interest rate in different conditions and regions, can not certainly benefit price stability, sound public …
Persistent link: https://www.econbiz.de/10005561153
present length of time squeezes down the durable price. The willingness to replace the durable in the future, on the one hand …
Persistent link: https://www.econbiz.de/10005561804
This paper examines the export performance of Spanish tomatoes in the European Union (EU). The origins and destinations of Spanish tomato exports are examined: Almeria is the main exporting province and Germany the biggest client. The performance of Spain’s North African competitors in the...
Persistent link: https://www.econbiz.de/10005119298