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Global Value Chains are a dominant feature of today’s global economy, yet their empirical analysis is still incipient. Building on a recent OECD-WTO database and the results of an on-going research program at WTO, the present essay contributes at filling this gap, after introducing the main...
Persistent link: https://www.econbiz.de/10011110140
We study the effects of government tariff policy in a one-sector small open economy RBC model with a productive externality that generates social increasing returns to scale. Various forms of endogenous fluctuations, including stable 2-, 4-, 8-, and 15-cycles, quasiperiodic orbits and chaos can...
Persistent link: https://www.econbiz.de/10011113875
The interplay between supply and demand in the context of growth processes is examined. It is demonstrated that … economic development is also significantly influenced by demand under classic, exchange-based hypotheses. Growth assumes that … do not fully utilize their production potential. Changes in the structure of demand can cause an economy to grow or …
Persistent link: https://www.econbiz.de/10009647381
The aim of this paper is to study the mechanisms through which aggregate demand and income distribution affect the rate … that are put aside by neoclassical theory, which focuses on supply side phenomena to explain growth. The Say’s law refusal … implied by the framework employed allows to determine the influence that demand exerts on economic growth, which also depends …
Persistent link: https://www.econbiz.de/10011259165
productive capacity, on the other, it represents a component of demand. What is required for demand may not be required for … fundamentally macroeconomic nature of the demand aspect, and the fundamentally microeconomic nature of the capacity … the demand aspect of investment. The adjustment mechanism discussed earlier is based on investment reacting to positive or …
Persistent link: https://www.econbiz.de/10005260126
The recent earthquake in Japan and its impact on the Fukushima nuclear power plant is a tragic reminder of humanity’s ever growing dependence on energy for its socioeconomic development. Energy plays a central role in determining the effectiveness of economics. However, are the fundamental...
Persistent link: https://www.econbiz.de/10009228914
recent panel unit root tests. Secondly, not only is external demand an important determinant of services value added at the … state level, but this demand also emanates from all over the country rather than being concentrated in the neighbouring or …
Persistent link: https://www.econbiz.de/10009246879
The method of forecasting seasonal demand applying genetic algorithm is presented. Specific form of used demand … genetic algorithms is discussed. In the final section an example of applying proposed method to forecast real demand process …
Persistent link: https://www.econbiz.de/10009325664
The aim of this study was to empirically determine the factors that affect smallholder farmers’ demand for purchased …
Persistent link: https://www.econbiz.de/10009367973
Schumpeter remarked "as regards the theory of the mechanism of pricing, there is very little to report before the middle of the …
Persistent link: https://www.econbiz.de/10008595905