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During the last decade, the Venezuelan government has pursued a reform of the legal regime of hydrocarbons tailored to its interests as an oil producing country. However, the ongoing consequences of the global economic recession which negatively impacted the Venezuelan economy, call into...
Persistent link: https://www.econbiz.de/10009467536
Econometric Modeling has a wide range if applications, including economy-wide representations. This study takes on the task of finding a suitable structure to model the Venezuelan economy. It is revealed that econometric structural and computable general equilibrium models are inapplicable,...
Persistent link: https://www.econbiz.de/10009474966
Nationalization is a particular type of organizational structure where the state or nation controlsthe industry as opposed to private companies or multinational organizations. If one imagines acontinuum of organizational structure, nationalization and privatization would be at oppositeends....
Persistent link: https://www.econbiz.de/10009475604
Over the years, the East-West Center (EWC) has developed considerable expertise in refinery modeling, especially in the area of forecasting product balances for countries, given planned capacity changes, changes in product demand, changes in crude slates, and changes in product specifications....
Persistent link: https://www.econbiz.de/10009436759
Since the mid-1990s, the two regional trade agreements in South America, the southern Mercosur Pact (among Brazil, Argentina, Paraguay and Uruguay), and the northern Andean Pact (among Venezuela, Colombia, Ecuador, Bolivia, and Peru) noticeably affected certain trade patterns between the two...
Persistent link: https://www.econbiz.de/10009446838
This report presents a global account of the historical relationship between migration, industrialization and economic growth, and then goes on to present an empirical examination of the dynamics immigration from Mirpur (Pakistan) and Jullundur (India) to the UK. It closes by considering the...
Persistent link: https://www.econbiz.de/10009468669
kausale Beziehung zwischen ausländischen Direktinvestitionen (DI) und Wirtschaftswachstum in 6 lateinamerikanischen Ländern … aufgeworfen, wie die Interaktion zwischen DI und inländischem Wirtschaftswachstum zu sehen ist. Auch wenn in der theoretischen als … auch empirischen Literatur signifikante Belege für eine Verbindung zwischen DI und Wirtschaftswachstum zu finden sind, so …
Persistent link: https://www.econbiz.de/10009476170
Persistent link: https://www.econbiz.de/10009449674
We propose the relaxation algorithm as a simple and powerful method for simulating the transition process in growth models. This method has a number of important advantages: First, it can easily deal with a wide range of dynamic systems including stiff differential equations and systems giving...
Persistent link: https://www.econbiz.de/10009449684