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We develop an overlapping generations model with retradeable paper assets and capital accumulation to analyze the interaction between the real economy and an international asset market. The world consists of two homogeneous countries, which differ only in their initial levels of capital. Two...
Persistent link: https://www.econbiz.de/10009452520
The aim of this paper is to investigate the spillover effects through an endogenous world interest rate on the inequality of nations. The model of K. Matsuyama (Econometrica 72 (2004)) is explored under the alternative assumption that the world economy consists of two countries, instead of a...
Persistent link: https://www.econbiz.de/10009452521
green power through 2015 that were made using historical data and three scenarios: low-growth, high-growth, and negative … results of this forecast, including uncertainties related to growth assumptions, the impacts that policy may have on the …
Persistent link: https://www.econbiz.de/10009436919
early growth of the Internet are expected to be informative and pertinent. …
Persistent link: https://www.econbiz.de/10009437326
suggests that state policy will continue to drive even faster growth over the next decade. Federal policy has also played a …
Persistent link: https://www.econbiz.de/10009437329
studying performance changes on a two dimensional "growth– profitability performance space". It is well established that both … growth and profitability are important dimensions of SME performance. The majority of earlier studies tend to focus on the … evolution of firm growth or profitability separately. Alternatively, they explore the impact of growth on profitability and vice …
Persistent link: https://www.econbiz.de/10009437585
This study investigated the longitudinal behaviour of growth rates and profitability for a large sample of Australian … firms. Similar to previous studies, growth rates were found to be much more volatile than profitability measures. Using a … regression equation with lagged profit and growth variables, we found no evidence of a consistent relationship between growth and …
Persistent link: https://www.econbiz.de/10009437587
Firm growth is almost universally portrayed as a good thing, and is commonly used as a measure of success. Applying … resource-based reasoning, we argue that growth is often not a sign of sound development. Specifically, we hypothesize that … secure high profitability at low growth. Empirical tests using two large, longitudinal data sets confirm that the profitable …
Persistent link: https://www.econbiz.de/10009437629
Entrepreneurial marketing has gained popularity in both the entrepreneurship and marketing disciplines in recent times. The success of ventures that have pursued what are considered non-traditional marketing approaches has been attributed to entrepreneurial marketing practices. Despite the...
Persistent link: https://www.econbiz.de/10009437684
manufacturing, construction and mining and a growth in social, personal, financial and commercial services, as well as a … to large firms in any general sense because most small firms are not innovative, do not contribute to employment growth …
Persistent link: https://www.econbiz.de/10009437715