Showing 1 - 10 of 1,400
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
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
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
As by product of economic growth, jobs are indeed transformational. In other words, efficiency increases as workers get better at what they do (as more productive jobs appear and less productive one disappear). In fact societies flourish as jobs bring together people from different ethnic and...
Persistent link: https://www.econbiz.de/10011107833
This paper examines the impact of transport infrastructure investment and transport sector productivity on South … rate, yet on the BVAR model it was influenced by inflation, domestic fixed transport investments, multi factor productivity …
Persistent link: https://www.econbiz.de/10011108467
productivity. Our aim is to test the hypothesis that subjective well-being contributes to productivity using a two step approach …: first, we establish whether subjective well-being can be a candidate variable to study Total Factor Productivity; second, we … assess how much subjective well-being contributes to productivity at aggregate level through efficiency gains. We adopt Data …
Persistent link: https://www.econbiz.de/10011109923
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/10011110853
The article describes “the theory of devaluation of values” developed by the author. In accordance with this theory, economic growth takes place using two inter-connected phenomena: a) reduction in time necessary for “the set of benefits (goods) currently consumed” to be produced, on the...
Persistent link: https://www.econbiz.de/10011257858