Showing 1 - 10 of 118
This paper addresses an issue that has been overlooked in the literature on the effects of population ageing: Transmission onto small countries of the economic effects of population ageing, a natural, demographic outcome of the shock that many large industrial countries experienced in the form...
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Using an urban land use model in which jobs and residences are spatially dispersed and mixed, we treat the general equilibrium of land, labor and product markets and the trade-off between labor supply, commuting and discretionary travel. We show that the decentralization of population and of...
Persistent link: https://www.econbiz.de/10005062510
Investment decision-making is modeled by means of a Kohonen neural net, where neurons represent firms. This is done in order to model investments in novel fields of economic activity, that according to this model are carried out when firms recognize the emergence of a new technological pattern....
Persistent link: https://www.econbiz.de/10005076670
For the purpose of determining the influence of the amount of savings circulating in national economy on that economy's growth or drop, a discrete mathematical model with one commodity was developed describing its production as a function of joint investments, depreciation, and introduction of...
Persistent link: https://www.econbiz.de/10005076825
Schumpeter maintained that oscillations of macroeconomic variables are only the "secondary wave" of business cycles, a reflex of more fundamental "primary waves" at the microeconomic level caused by the innovative activity of entrepreneurs. Uniting Schumpeter's concern for innovation with...
Persistent link: https://www.econbiz.de/10005077089
trade liberalization can only be properly analysed in a CGE model. However, the aggregate nature of CGE models is not suited … to detailed poverty analysis. We bridge this gap by constructing a CGE model that explicitly models all households from a … nationally representative household survey. We find complex income and consumption effects that would be missed in standard CGE …
Persistent link: https://www.econbiz.de/10005407655
This paper investigates the usefulness of Italian consumer surveys as estimation and forecasting tool over the period 1982-2003. To this end, standard consumption equations are estimated and then compared, in terms of in-sample and out-of-sample predictive ability, with corresponding models...
Persistent link: https://www.econbiz.de/10005412574
The investment acceleration principle is a heuristic for modeling investment time series out of consumption time series. The model presented herein develops a disaggregated accelerator equation whose coefficients are the weights of a Kohonen neural net that represents firms' decision-making....
Persistent link: https://www.econbiz.de/10005413002