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On the elasticity of substitution between labor and ICT and IP capital and traditional capital
Jerbashian, Vahagn - 2022
I estimate CES aggregate production functions for the US, the UK, Japan, Germany, and Spain using data from the EU KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual property (IP) capital, and traditional capital. I assume...
Persistent link: https://www.econbiz.de/10013390934
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What Marx means today
Sinn, Hans-Werner - 2017
Marx made significant contributions to macroeconomics, laying the grounds for both Keynes's theory of aggregate demand … and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin … Hansen's theory of secular stagnation which has recently received much attention among scholars studying the financial crises …
Persistent link: https://www.econbiz.de/10011653595
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The rise of capitalism and the roots of Anti-American terrorism
Krieger, Tim; Meierieks, Daniel - 2014
, consistent with economic norms theory, higher levels of market-capitalism are associated with less anti-American terrorism …This contribution examines the role of capitalism in anti-American terrorism. Using data for 149 countries between 1970 … and 2007, this contribution, contrary to expectations from capitalist peace theory, does not find that Anti …
Persistent link: https://www.econbiz.de/10010375158
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Running the U.S. economy at full throttle is a stressful variant of capitalism
Komlos, John - 2022
Maximizing output without taking into consideration the negative externalities generated, including the harm to the mental and physical health of the population creates psychological stress. Focusing on the bellwether indicators of economic performance including working more, generating income,...
Persistent link: https://www.econbiz.de/10013383434
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What can economists learn from happiness research?
Frey, Bruno S.; Stutzer, Alois - 2001
some of the consequences for economic policy and for economic theory. …
Persistent link: https://www.econbiz.de/10011398921
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On the political economy of environmental policy
Kirchgässner, Gebhard; Schneider, Friedrich - 2002 - Second revised version: May 2002
In the past there was hardly any use of economic instruments in environmental policy, mainly command and control measures were used. More recently, ecological taxes as well as tradable permits became more popular and voluntary agreements have been implemented. Using the Public Choice approach we...
Persistent link: https://www.econbiz.de/10009384489
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Awards in economics : towards a new field of inquiry
Frey, Bruno S.; Neckermann, Susanne - 2009
. First steps towards integrating awards into economic theory are undertaken. -- Awards ; non-monetary incentives ; economics …
Persistent link: https://www.econbiz.de/10003806044
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The scope of cooperation : values and incentives
Tabellini, Guido Enrico (contributor) - 2008
Persistent link: https://www.econbiz.de/10003641773
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Optimal asset allocation with factor models for large portfolios
Pesaran, M. Hashem (contributor);  … - 2008
This paper characterizes the asymptotic behaviour, as the number of assets gets arbitrarily large, of the portfolio weights for the class of tangency portfolios belonging to the Markowitz paradigm. It is assumed that the joint distribution of asset returns is characterized by a general factor...
Persistent link: https://www.econbiz.de/10003720566
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Panel unit root tests in the presence of a multifactor error structure
Pesaran, M. Hashem (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003630712