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Unified growth based on the specific factors model
Caspari, Volker; Pertz, Klaus - 2008
The two-sector specific factor model is typically used in the theory of international trade where it helps to clarify the principle of comparative advantage. Instead, we use this model as explicit theoretical framework to explain major trends of long-run economic development. Combined with...
Persistent link: https://www.econbiz.de/10010266861
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Reoccurring Financial Crises in the United States
Shachmurove, Yochanan - 2011
happen, and that the U.S. had reached a time of everlasting financial stability and sustainable growth. The Savings and Loans …
Persistent link: https://www.econbiz.de/10013128859
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The Next Financial Crisis
Shachmurove, Yochanan - 2010
The examination of U.S. crises reveals that the current financial crisis follows past patterns. An investment bubble creates excess demand for new financing instruments. During the railroad bubbles of the nineteenth century loans were issued at a pace higher than many companies could pay back....
Persistent link: https://www.econbiz.de/10013139545
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Boom and Bust of the Spanish Economy
Shachmurove, Tomer - 2011
Spain has experienced many financial crises through its history. These financial crises have varied origins. However, they do have common threads. The current recession and subsequent debt crisis follow the same pattern. The fiscal and monetary policies of the Spanish government have played a...
Persistent link: https://www.econbiz.de/10013125662
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The Current Economic Crisis : Its Nature and the Course of Academic Economics
Lawson, Tony - 2010
The current crisis has triggered significant debate concerning economic theory and policy. Largely absent from this debate is an informed discussion of the methods used by economists in analysing the economy and formulating their proposals. But method matters. Here I argue that current academic...
Persistent link: https://www.econbiz.de/10013152281
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The Temporalities of Capitalism
Sewell, William H. - 2010
The temporalities of capitalism are in certain respects unique. The temporalities of social life in general are eventful , i.e. irreversible, contingent, uneven, discontinuous and transformational. Although capitalist social processes are in certain respects super-eventful, the extreme...
Persistent link: https://www.econbiz.de/10012758846
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The Expulsion of the Jews from France in 1306: a Modern Fiscal Analysis
Mechoulan, Stéphane F - University of Toronto, Department of Economics - 2006
In 1306, at the peak of a severe financial and monetary crisis, Philippe the Fair expelled the Jews from his kingdom, declared himself creditor of their debts, seized their property and auctioned it off. Was this a clever move, financially speaking? Did Philippe gain more, by killing the goose...
Persistent link: https://www.econbiz.de/10005827267
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Adam Smith, watch prices, and the industrial revolution
Kelly, Morgan; Ó Gráda, Cormac - 2015
considerably above the growth rate of average labour productivity in British industry in the early nineteenth century. …
Persistent link: https://www.econbiz.de/10010493004
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Competitive Economic Performance: USA versus EU
Aiginger, Karl; Landesmann, Michael - 2002
in 'growth drivers' which can account for differences in supply-side performance, especially in periods in which major …
Persistent link: https://www.econbiz.de/10012100027
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Openness and growth in a historical perspective: a VECM approach
Federico, Giovanni; Sharp, Paul; Tena-Junguito, Antonio - 2017
Since Adam Smith, most economists have held the belief that trade fosters economic growth, although it has not been … possible to establish a strong causal relationship. The results of growth regressions are, at best, mixed, and several … historical studies have found a positive relationship between tariffs and economic growth in the nineteenth century. This paper …
Persistent link: https://www.econbiz.de/10012669468