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The Japanese economy experienced a substantial increase and a subsequent crash in land and stock prices in the 1980s and 90s. I use a neoclassical growth model to determine how much of these asset price movements can be accounted for by the observed changes in fundamentals of the Japanese...
Persistent link: https://www.econbiz.de/10005619748
The Kyoto Protocol is the first international environmental agreement that sets legally binding greenhouse gas emissions targets and timetables for Annex I countries. It incorporates emissions trading and two project-based flexibility mechanisms, namely joint implementation and the clean...
Persistent link: https://www.econbiz.de/10005616753
In March 2005, riots erupted in South Korea against Japan for claiming sovereignty over some rocky uninhabited islets …
Persistent link: https://www.econbiz.de/10005837321
In this article recession magnitudes in Europe, the USA and Japan during the Great Recession are compared. The … strongest recessions (of severe category) occurred in Latvia, Lithuania and Estonia, while recessions in Japan and the USA were …-1933 in the USA. Hence, comparisons of the Great Recession to the Great Depression in the literature are somewhat exaggerated. …
Persistent link: https://www.econbiz.de/10011258149
system that then existed in the world, and (c) the transition from a uni-polar world, with the U.S.A. as the single center of …
Persistent link: https://www.econbiz.de/10008596380
how it supersedes in theory and practice the managerial methods of the Big Three. …
Persistent link: https://www.econbiz.de/10008514907
We show how accommodation of the consumption efficiency hypothesis can explain the existence of involuntary unemployment in the two-by-two Heckscher-Ohlin-Samuelson (HOS) model. Although the workers consume both the commodities their nutritional efficiency depends on the consumption of one...
Persistent link: https://www.econbiz.de/10005835705
This paper attempts to identify the different channels through which economic reforms can affect the incidence of child labour in a developing economy. Using a three-sector general equilibrium model it shows that inflows of foreign capital can lower the problem of child labour by raising the...
Persistent link: https://www.econbiz.de/10005836084
The present paper purports to examine the consequence of mid-day meal program and/or cash stipend scheme on the incidence of child labour in a developing economy using a three-sector general equilibrium model. It has been found that the policy may be counterproductive as it lowers both the...
Persistent link: https://www.econbiz.de/10005836138
framed in Robert Brenner’s classic critique of World Systems and Dependency Theory. It was originally presented to the July …. However the reverse happens, and development theory is deprived of an adequate explanation for national differentiation in … theory. The paper locates the origin of this failure within the systematic replacement of this theory by an equilibrium re …
Persistent link: https://www.econbiz.de/10005836280