Showing 1 - 8 of 8
Can the individual actions of agents spontaneously move the system out of a state where it is locked into an environmentally inferior technology, or is coordination from outside the system necessary in the form of public intervention? More importantly, even if the system were able to make the...
Persistent link: https://www.econbiz.de/10005556134
the related phenomenon of standardization. Secondly, it aims to show a broadened and evolutionary view of the process of … technology standardization, avoiding the habitual determinism of conventional models of technology diffusion and lock-in. Finally … attributes of the technology standardization processes in them. To achieve these goals we have developed an agent based model …
Persistent link: https://www.econbiz.de/10005118866
This paper analyzes the effects of anticipated inflation on the resource allocations between production and financial services. We develop a model with heterogeneous workers and two sectors economy. A manufacturing sector producing a final composite good and a financial sector providing monetary...
Persistent link: https://www.econbiz.de/10005126418
The relationship between financial sector and economic growth in transition countries has been largely ignored in the earlier empirical literature. In this paper, we analyse the finance-growth nexus using a fixed-effects panel model and unbalanced panel data from 25 transition countries during...
Persistent link: https://www.econbiz.de/10005561315
Some economists have argued that the process of disintegration of the world economy between the two World Wars led to …
Persistent link: https://www.econbiz.de/10005076560
The paper discusses recent world income inequality calculations by Sala- i-Martin. It shows that the two main problems … of income augmented by a constant shift parameter and not a distribution of income among world citizens. …
Persistent link: https://www.econbiz.de/10005134630
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...
Persistent link: https://www.econbiz.de/10005118746
Meta-rules, or rules for making rules, determine the costs of innovation and thus the pace of economic growth. Adapting rules to a changing economic environment through explicit, well-designed meta-rules makes economic growth quicker, less painful, and more certain than adapting rules through...
Persistent link: https://www.econbiz.de/10005118854