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Incluye bibliografía ; In this paper we present the theoretical foundations and the simulation results obtained with a …
Persistent link: https://www.econbiz.de/10012530143
A model of a small open economy in which agents trade in local goods markets and an economy-wide asset market is developed. Purchasing-power parity is assumed to hold at the aggregate level. However, because of local deviations from purchasing-power parity, agents possess differential...
Persistent link: https://www.econbiz.de/10009475597
The revolutionary changes in information technology (IT), globalisation and financial innovation have overturned the Solow productivity paradox and spawned a New Economy (NE) in Australia in the late 1990s. Both growth accounting estimates and the use of the information superhighway ranks...
Persistent link: https://www.econbiz.de/10009447976
-tourism. Recent research in the literature on identified cointegrating VARs emphasizes the need to rely on economic theory to impose … tourism model is developed, exploiting Hall, Henry, and Greenslade's (2002) theory-directed sequential reduction methodology … highly restricted VAR, or BVAR, or a model of pseudo theory driven equations. In contrast, my third essay makes use of BVAR …
Persistent link: https://www.econbiz.de/10009451227
The Genuine Progress Indicator (GPI) is estimated as if nations operate within a closed economy. Therefore, in terms of coverage, the GPI is most analogous to Gross Domestic Product (GDP). Indeed, within the relevant literature, these two indicators are most often contrasted. However,...
Persistent link: https://www.econbiz.de/10009483739
In this study, we first review the bifurcation phenomena in dynamic economic systems and point out the importance of bifurcations together with a summary of the common types of bifurcations which have been encountered in economic research. Although bifurcation analysis is a relatively new...
Persistent link: https://www.econbiz.de/10009430886
Description This half semester class presents an introduction to macroeconomic modeling, focusing on the theory of economic growth …
Persistent link: https://www.econbiz.de/10009432111
This paper uses a structural vector-autoregression approach to discuss the cyclicality of fiscal and monetary policy in South Africa since 1994. There is substantial South African literature on this topic, but much disagreement remains. Though not undisputed, there is growing consensus that...
Persistent link: https://www.econbiz.de/10009480486
"Institutional arrangements are key drivers of the use of common-pool resources (CPR). The analysis of existing arrangements requires a framework that allows research to describe a case study systematically and diagnose the institutional setting. Based on a sound understanding of current...
Persistent link: https://www.econbiz.de/10009468439
Arbeitsstunden und Löhnen in dieser Zeit erklären. Abschließend wird die Rolle der Geldpolitik während Aktienmarktbooms diskutiert …
Persistent link: https://www.econbiz.de/10009467149