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The book explains the problem of insufficient capital accumulation and growth in a less developed country. In conventional analyses, such explanations are often found exogenised in terms of factors such as socio-cultural attitudes towards saving and investment, irrationality of peasant...
Persistent link: https://www.econbiz.de/10012397773
Traditionelle Derivatbewertung -- Bewertung auf unvollständigen Märkten -- Wachstumsmaximierung -- Wachstumsorientierte Portfolioplanung -- Wachstumsorientierte Bewertung -- Wachstumsorientierte Reservationspreise -- Zusammenfassung.
Persistent link: https://www.econbiz.de/10014014369
This book offers a novel perspective that allows to incorporate changing consumption and production structure into models of economic growth. Starting from the empirical observation that income and consumption structure are closely related, it develops a tractable theoretical framework which...
Persistent link: https://www.econbiz.de/10013520497
This book provides an empirical and theoretical examination of the short- and medium run impacts of technological advances on the employment and wages of workers which differ in their earned educational degree. Furthermore, by introducing labor market frictions and wage setting institutions the...
Persistent link: https://www.econbiz.de/10013520753
Persistent link: https://www.econbiz.de/10014014698
The extensive monetary policy of central banks during the Great Recession has re-newed the interest in the relation between (possibly) non-neutral money and wealth and income inequality. In this work, a dynamic general equilibrium model approach is used to study the effects of an inflation rate...
Persistent link: https://www.econbiz.de/10012396988
Haller and Hans Gersbach have pioneered a ‘market’ approach that applies the tools of general equilibrium theory to the … presented in this book extends the theory of the multi-person household along an important but relatively neglected dimension …, that of general equilibrium theory. It also challenges GE theorists themselves to follow Paul Samuelson in taking seriously …
Persistent link: https://www.econbiz.de/10012397186
theory, data handling and computing. This integration is essential for successful empirical modeling, but also involves … general equilibrium theory, step-by-step model design, incremental model extensions, a wealth of sample computer code …Introduction -- An Overview of General Equilibrium Theory -- A Simple General Equilibrium Model -- A General …
Persistent link: https://www.econbiz.de/10012397206
This book examines the pattern of growth of the Spanish economy in the last few decades, and studies the causes of its labour productivity, and the special features characterising business cycles in Spain
Persistent link: https://www.econbiz.de/10012053932
Theoretical Foundations: A General Equilibrium Approach -- The Harris-Todaro Migration Model and Introduction of the Informal Sector -- Informal Sector and Open Unemployment -- Foreign Capital Inflow, Informal Sector and Welfare -- How and How Far to Liberalise a Developing Economy -- Economic...
Persistent link: https://www.econbiz.de/10013522734