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philosophy of risk sharing and strict rules governing its activities to be in line with Islamic Law (the Shariah), the industry … the risk taking in order to justify earnings. IFSIs may need to cooperate in developing risk management standards and … practices to mitigate risk that are unique to themselves as well as review the contracts and assets that may expose the IFSIs to …
Persistent link: https://www.econbiz.de/10011113217
In this paper, we develop a comprehensive analysis of diversification issues for Russian economy. Assessing … diversification for nine different variables, we show that choice of a variable affects the result much, and that, unlike a popular … defragmentation of economic growth, we account for labor productivity and labor availability separately, and show that these …
Persistent link: https://www.econbiz.de/10008753056
performances, by exploring under what conditions social expenditure is productivity-enhancing or not. Well-designed welfare states …
Persistent link: https://www.econbiz.de/10011109802
Credit risk is crucial to understanding banks' production technology and should be explicitly accounted for when … modeling the latter. The banking literature has largely accounted for risk by using ex-post realizations of banks' uncertain … outputs and the variables intended to capture risk. This is equivalent to estimating an ex-post realization of bank …
Persistent link: https://www.econbiz.de/10011113008
This study is different from previous energy-GDP cointegration/causality ones by examining whether total energy consumption by industry causes total industry GDP (or vice versa), and whether per capita GDP causes per capita road and residential sector energy use (or vice versa) for a number of...
Persistent link: https://www.econbiz.de/10011108080
– Inflation) x GDP = K_Index_Infl. Productivity Index: K_Index / Labor Force = K_PROD Inflation indexed Productivity Index: K …
Persistent link: https://www.econbiz.de/10011259539
For effective economic growth, intentional “creation” of unemployment is required to be followed up by its «elimination». From Okun’s law one can infer an interesting corollary: growing unemployment without reducing GDP increases the economy’s potential. This corollary can be proved...
Persistent link: https://www.econbiz.de/10011259561
The article describes “the theory of value depreciation” developed by the author. In accordance with this theory, economic growth takes place using two inter-connected phenomena: (a) reduction in time necessary to produce “the set of goods currently consumed” (first form of value...
Persistent link: https://www.econbiz.de/10011260254
This paper investigates the empirical relationship between labor productivity, real wages and real GDP in Singapore … from 1997 to 2011. The paper begins with a review of productivity, wage and growth situations in Singapore in the past … relation between labor productivity and real GDP but that wages seem to be caused by other underlying factors. However, real …
Persistent link: https://www.econbiz.de/10009359942
capital. Theoretically, the stock of knowledge available in a country determines through innovation productivity growth. In … that way, we use a Vector Error Correction model (VECM) to evaluate the impact of human capital on productivity growth …. Productivity is approximated by the Total factors Productivity (TFP) evaluated by growth accounting method. Our estimates show that …
Persistent link: https://www.econbiz.de/10005621943