Showing 1 - 10 of 192
Economists have been noting for decades that Consumer Price Index (CPI) in the developed countries is overstating inflation by 0,5−2,0% per year. A significant part of the bias is due to the presence of technology products and differentiated products in the CPI basket. An increase share of...
Persistent link: https://www.econbiz.de/10005789601
Over the past decade, the health of the banking sector in Taipei,China has been in decline. Falling returns on assets and equity, steadily rising non-performing loans and bank runs at smaller financial institutions have highlighted problems across the banking sector as a whole. This study...
Persistent link: https://www.econbiz.de/10009277288
Using a strategy of export-led growth and an activist industrial policy, Japan, the Asian Tigers and more recently China have attained high rates of economic growth. Export-led growth has taken over the status as model for developing countries' economic development from the formerly prevailing...
Persistent link: https://www.econbiz.de/10011257823
This paper challenges the economic constraints associated with the so-called post-industrial trilemma. Following Iversen’s and Wren’s seminal 1998 paper, it has been widely accepted that differential industry-level productivity increases rule out a solidaristic structure of wages, due to the...
Persistent link: https://www.econbiz.de/10011259249
It has long been recognised that public sector jobs are an attractive opportunity (because of job security, fringe benefi ts, and so on) in Pakistan’s labour market. Since the early 1990s, Pakistan has been going through an economic restructuring plan, particularly in terms of privatisation....
Persistent link: https://www.econbiz.de/10011260903
This paper examines behavior in a tournament in which we vary the tournament prize structure and the information available about participants' skill at the task of solving mazes. The number of solved mazes is lowest when payments are independent of performance; higher when a single, large prize is...
Persistent link: https://www.econbiz.de/10005619648
Conventionally, it is presumed that restructuring of industrial composition of employment only modestly affects the average wage. This is because in a partial equilibrium setting such a restructuring affects the calculation of the average wage only through changes in employment shares of...
Persistent link: https://www.econbiz.de/10008680328
function takes the form of cubic parabola, where the risk aversion behavior ends at the saddle point of the comprehensive … the ambiguity of the departure from risk-neutrality. This ambiguity can produce the ordinary risk seeking behavior as well … as mathematical catastrophes of Veblen-effect’s imprudence and over prudence of family altruism. The comeback to risk …
Persistent link: https://www.econbiz.de/10011267888
. This holds under ambiguity, but not in a comparison treatment under risk. …
Persistent link: https://www.econbiz.de/10011258993
. The second is where each one seeking to maximize his utility function is intuitively constrained to minimize the risk. The …
Persistent link: https://www.econbiz.de/10011259003