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power for both GDP growth and excess stock returns, and that the results are robust to the inclusion of information …
Persistent link: https://www.econbiz.de/10009647399
Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. Latvia's incoming in EU increased the amount of received means from structural...
Persistent link: https://www.econbiz.de/10009367975
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10011259562
We introduce a model of proportional growth to explain the distribution of business firm growth rates. The model predicts that it is exponential in the central part and depicts an asymptotic power-law behavior in the tails with an exponent ζ = 3. Because of data limitations, previous studies in...
Persistent link: https://www.econbiz.de/10005031404
We introduce a model of proportional growth to explain the distribution P(g) of business firm growth rates. The model predicts that P(g) is Laplace in the central part and depicts an asymptotic power-law behavior in the tails with an exponent ζ = 3. Because of data limitations, previous studies...
Persistent link: https://www.econbiz.de/10005034991
This study proposes to examine the impact of tourism activity on the economic growth of Morocco and Tunisia. We … contribute here to the empirical literature on the tourism-led growth (TLG) hypothesis, by adopting the error correction model … framework, the cointegration and Granger Causality tests between real tourism receipts, real effective exchange rate and …
Persistent link: https://www.econbiz.de/10011108862
This note briefly describes the merits and limitations of the national accounts, e.g. GDP per capita is a simple …
Persistent link: https://www.econbiz.de/10008873547
in replacing GDP. Why? The article reviews what are arguably the three most successful alternatives to GDP (the Human … refinement as most of the literature does. After discussing their faults, it is shown that the wealth approach underlying GDP can … to substantiate this claim es-timates of environment-augmented GDP for 130 countries are presented and discussed. However …
Persistent link: https://www.econbiz.de/10011118550
This paper provides an introductory overview of the meaning and measurement of national accounts statistics. Attention is paid to the various uses of national accounts, the role of the international guidelines, the relationship with economic theoretic and administrative concepts and the...
Persistent link: https://www.econbiz.de/10011107974
This paper explores the macro-economic history of Cyprus in the inter-war period. It constructs the first detailed estimates of output at aggregate and sector levels, enabling the analysis of economic growth and the sectoral structure of the island’s economy. It evaluates its performance...
Persistent link: https://www.econbiz.de/10008529238