Showing 1 - 10 of 43
'.The first project reveals that the prevailing notion of education externalities is misleading and therefore empirical … externalities of education according to Lucas (1988) are likely to be internalized on the labor market. Education is recognized as a … education. Further, by differentiating 'education' and 'knowledge' it becomes obvious that growth externalities according to …
Persistent link: https://www.econbiz.de/10009475316
Fluctuation Economic research grow up from 80’s with the Dynamic Stochastic General Equilibrium Models (DSGE), where the agent are search for the optimum point at the intertemporal decisions, that is decision over time of how consumers make choice between present and future consumption at the...
Persistent link: https://www.econbiz.de/10009445892
The role played by financial intermediaries and banks in modern economies is undeniably critical. However, explaining their importance in a theoretical general equilibrium framework presents some challenges. If firms and households have unrestricted access to complete financial markets, then at...
Persistent link: https://www.econbiz.de/10009431286
stationary equilibria. The reason of this indeterminacy is that different price expectation functions of consumers lead to … arbitrariness which is responsible for the indeterminacy, but that the continuum of stationary equilibria emerges even if …
Persistent link: https://www.econbiz.de/10009471633
Der anhaltende Anstieg des Pro-Kopf-Einkommens ist die wichtigste Eigenschaft, die kapitalistische Länder seit mehreren Dekaden aufweisen. Grund für das anhaltende Wachstum ist hauptsächlich der technische Fortschritt. Die vorliegende Arbeit beschäftigt sich vor allem damit, wie technischer...
Persistent link: https://www.econbiz.de/10009450183
In the developing countries, decision makers face difficulty in allocating development resource at the local level due to the unavailability of an objective method that justifies the allocation. Poverty measurement methods, such as consumption based poverty measurement or Human Development Index...
Persistent link: https://www.econbiz.de/10009429645
The thesis consists of two essays: "The CAPM -- A General Equilibrium Foundation" and "The Foreign Exchange Rate in Financial Markets".The Capital Asset Pricing Model (CAPM) is one of the most successful models for portfolio selection. The utility functions are assumed to depend positively on...
Persistent link: https://www.econbiz.de/10009452580
Marine Inseln beherbergen einen großen Teil der biologischen Vielfalt unseres Planeten und weisen gleichzeitig einen hohen Anteil endemischer Arten auf. Inselbiota sind allerdings zudem besonders anfällig für anthropogene Einflüsse wie den globalen Klimawandel, Habitatverlust und invasive...
Persistent link: https://www.econbiz.de/10011288107
In this paper we critically examine the main workhorse model in asset pricing theory, the Lucas (1978) tree model (LT-Model), extended to include heterogeneous agents and multiple goods, and contrast it to the benchmark model in financial equilibrium theory, the real assets model (RA-Model)....
Persistent link: https://www.econbiz.de/10009433019
' der allgemeinen Gleichgewichtstheorie nach Arrow und Hahn (1971). Im Mittelpunkt der Untersuchung stehen historische und …
Persistent link: https://www.econbiz.de/10009480998