Showing 1 - 10 of 19
Notwithstanding the recognized importance of traders' expectations in characterizing the observed market dynamics, for … the emergence and coordination of expectations in a pure exchange framework. We largely base our study on previous … heterogeneity of predictions. -- experimental economics ; expectations ; coordination ; asset pricing …
Persistent link: https://www.econbiz.de/10002133504
Persistent link: https://www.econbiz.de/10003321299
Persistent link: https://www.econbiz.de/10003321307
Countries differ in terms of technological capabilities and complexity of production structures. According to that, countries may follow different development strategies: one based on extracting rents from abundant endowments, such as labor or natural resources, and the other focused on creating...
Persistent link: https://www.econbiz.de/10003321423
This work builds upon some long-term secular regularities concerning the relation between consumption of energy, technological progress and economic growth and reassesses the old question raised around forty years ago in the limits to growthʺ discussion (Meadows et al. [1972]), namely are the...
Persistent link: https://www.econbiz.de/10003321474
In this work, we present an assessment of the nature and impact of current "globalizing" tendencies at various levels of observation. The evidence in this respect suggests that it has mostly concerned financial flows (especially short-term ones); to some extent trade flows; and only to very...
Persistent link: https://www.econbiz.de/10002132575
Persistent link: https://www.econbiz.de/10002133814
This paper estimates the determinants of labour productivity in European NUTS regions during 1989-1996. Unlike previous studies, which have focussed either on local technological capabilities or on agglomeration economies, we compare three potential explanations of regional advantages:...
Persistent link: https://www.econbiz.de/10002133846
This paper aims to propose an approach to endogeneous growth considering the relationship between macro-dynamics and technical change. We draw upon two stream of literature: Cumulative causation and its macroscopic view of economic dynamics, and Evo-lutionary economics and its focus on...
Persistent link: https://www.econbiz.de/10002133939
The aim of this work is to investigate the role played by the so-called `globalization' processes of the last couples of decades on the international patterns of technological learning and on the distribution of incomes and growth. First, we re-assess the evidence on the general patterns of the...
Persistent link: https://www.econbiz.de/10002133959