Showing 1 - 10 of 79
Modern microeconomics and macroeconomics study dynamic phenomena. Dynamics could predict future states of an economy based on its structural characteristics. Economic dynamics are modeled in discrete and continuous time context, mainly via autonomous difference and differential equations. In...
Persistent link: https://www.econbiz.de/10011107562
Article on the causes, dynamics of development and institutional forms of economic cycles. We study the institutional patterns associated with the formation, development and completion of economic cycles from the standpoint of an exogenous approach. The author proves the thesis about the...
Persistent link: https://www.econbiz.de/10011111926
Article on the use of system analysis methodology for modeling socio-economic processes. The author justifies the methodological approach, based on dynamic analysis of exogenous processes in economic and social management practices. Particular attention is paid to the use of index indicators...
Persistent link: https://www.econbiz.de/10011111949
As is well‐known,“foot‐binding”,regarded as an inefficient institution owing to its great harm to the women’s body and mind, existed and lasted for a very long period in the history of China. Furthermore, we are faced with the general question: why so many inefficient institutions in...
Persistent link: https://www.econbiz.de/10011258931
The paper criticizes the conception of value on behalf of the conventional economic theory, blaming it for the current economic school’s incapacity to explain the actual economic crisis and to offer an adequate perspective to settle a solution. It proposes an explanation based on the tendency...
Persistent link: https://www.econbiz.de/10005105673
The paper criticizes the conception of value on behalf of the conventional economic theory, blaming it for the current economic school’s incapacity to explain the actual economic crisis and to offer an adequate perspective to settle a solution. It proposes an explanation based on the tendency...
Persistent link: https://www.econbiz.de/10005025710
We construct a model that considers the direct effects, if any, of government spending on the attitudes of a typical consumer toward risk, time preference, and intertemporal substitution. The null hypothesis is that a growing government sector does not affect the consumer's behavior, and the...
Persistent link: https://www.econbiz.de/10011107306
In this paper I examine the implications of self-attribution bias on consumption and savings decisions. When self … changes in consumption and changes in income. No other factor on its own has been able to explain both of these empirical …
Persistent link: https://www.econbiz.de/10011109290
In the past decade, weak household consumption was an important reason for low rates of overall economic growth in … consumption. Consumption, information-processing, and decision-making theory all serve to derive hypotheses, which are evaluated … indicate that consumption is mainly influenced by the long-run effects of news coverage. In this regard, decisions to consume …
Persistent link: https://www.econbiz.de/10011109649
Using information in the household consumption data as a signal of secularity, this study explores the effect of …
Persistent link: https://www.econbiz.de/10011109927