Despite the widespread popularity of the Solow growth model, much of the recent empirical work based on the classic … framework misrepresents a crucial feature of the model. Namely, the growth rate of technological progress, assumed to be … exogenous in the Solow model, is often identified as being constant across countries. This simplification of the behavior of …

The agricultural sector plays an important and a vital role in achieving the economic growth, furthermore, the labor …, i.e., Cobb-Douglas, restricted Cobb-Douglas, Solow, Transcendental Logarithmic Production Functions. Also estimated …

, from neoclassical economists when addressing environmental problems? In 2009 we probed such questions by conducting an … field has meant a prevalence of neoclassical articles and thought mixed in amongst more heterodox work. The question then …

This essay portrays the major currents in recent economic thinking against the orthodoxy and dogmatism of neoclassical … neoclassical economics. It concludes that we may expect a synthesis of all these strands of economic thinking in the near future … that will replace neoclassical economics from the citadel of mainstream. Teaching of these strands of new economics has …

rate depreciation shock lowers output—a positive effect on real net exports (largely resulting from import compression … depreciation, and only limited evidence that credibility of anti-inflationary policy would improve with a currency peg support … greater exchange rate flexibility. However, the rather large contractionary effects of real exchange rate depreciation on …

a sale and leaseback transaction with a related party and a change in depreciation policy, methods which reflected …

, on an entity, of newly introduced regulations. The article departs from the traditional analysis of asset depreciation in … manufacturing or mining and the link between market efficiency and stock market performance. This by looking at the depreciation of … fixed assets in a mutual financial organisation. The change in the depreciation of free-hold buildings was a reaction to …