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Most traditional explanations for the decreasing aggregate output volatility - so-called "Great Moderation" - fail to accommodate, or even directly contradict, another aspect of empirical data: the average sales volatility for publicly-traded US firms has been increasing during the same period....
Persistent link: https://www.econbiz.de/10005619779
It is ascertained that the theorem of proportionality, which maintains that replacement investment is a constant proportion of the outstanding capital stock, has several fundamental shortcomings. It derives from a model founded on assumptions that are highly restrictive and unlikely to hold in...
Persistent link: https://www.econbiz.de/10008529283
of depreciation and the technical level a global model is built based on the propagation of investments self … net income and depreciation. …
Persistent link: https://www.econbiz.de/10005623212
proportionality, which asserts that depreciation is proportional to the outstanding capital stock. All available evidence shows that …: a) the rates of depreciation and retirements vary from year to year in response to changes in conventional economic … distribution of depreciation rates by a single parameter may be characterized by simplicity and ease of use, at the same time it …
Persistent link: https://www.econbiz.de/10008562639
In this paper, using standard financial ratios (liquidity, profitability, solvency and activity ratios), the financial stability of the Latvia building industry enterprises is estimated. It is find ratios norms for construction industry financial ratios. A hypothesis has researches that an...
Persistent link: https://www.econbiz.de/10008742972
This essay provides a critical Marxist reformulation, internal to the cultural tradition of Western Marxism, of Marx’s theoretical treatment of value and capital. It implies the abandonment of the ‘pure’ labour theory of value of the young Marx in favour of a ‘mixed’ labour-and capital...
Persistent link: https://www.econbiz.de/10011259412
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
The received theory of aggregation has been erected on certain fundamental hypotheses. One of them is that producer durables deteriorate exponentially, which implies that their replace-ment is proportional to the corresponding capital stocks. However the proportionality hypothesis conflicts with...
Persistent link: https://www.econbiz.de/10005620008
This paper intends to measure the effects of public infrastructures on firms’ productivity from a sample of 10 subsectors of the Senegalese modern sector. The model used for that purpose is based on the decomposition of the Total Factor Productivity (TFP) growth which includes the contribution...
Persistent link: https://www.econbiz.de/10011109130
Marshall's theory of capital was designed to serve two main purposes: an integration of the theory of income distribution into a general theory of value and the closing of the gap between economic theory and business practice. For the first purpose, capital was considered the reward for the...
Persistent link: https://www.econbiz.de/10011111391