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This dissertation examines the utility of adaptive agent modeling (also referred to as agent-based modeling or individual based modeling) as a tool in public policy research. It uses the adaptive agent technique to produce useful results in three diverse areas. It demonstrates that the adaptive...
Persistent link: https://www.econbiz.de/10009450791
Microeconomic flexibility, by facilitating the process of creative-destruction, is at the core of economic growth in modern market economies. The main reason for why this process is not infinitely fast is the presence of adjustment costs, some of them technological, others institutional. Chief...
Persistent link: https://www.econbiz.de/10009444166
government activity for the economic performance of a country’s economy. Chapter 2 gives a comprehensive survey of the recent … theoretical literature on the link between productive government expenditure and long-run economic growth. Based on the seminal … directly compared. In this framework the services derived from productive government activity directly enter the production …
Persistent link: https://www.econbiz.de/10009476199
Trade liberalization in Latin America has substantially altered business opportunities andeconomic development in the region. As barriers to competing inputs have come down andforeign investment in the region has gone up, small, domestic firms have struggled to stayafloat. Many small businesses...
Persistent link: https://www.econbiz.de/10009458915
This study investigates the interaction between corruption and foreign direct investment inflows in 23 emerging market economies during the period 2002-2014 by employing Westerlund-Durbin-Hausman (2008) cointegration test. We found that control of corruption and rule of law had no statistically...
Persistent link: https://www.econbiz.de/10011529235
This paper reviews recent work on macroeconomic management with varying organization of wage/price bargaining and degrees of credible monetary conservatism. The emerging literature synthesizes and extends theory and empirics on central bank independence (CBI) and coordinated wage/price...
Persistent link: https://www.econbiz.de/10009476726
The Federal Photovoltaics Utilization Program(FPUP) was established in 1978 with the belief that getting photovoltaic cells into the market was a “bootstrap problem” - one of eliminating market uncertainties through federal procurements to enable investments in improved production processes....
Persistent link: https://www.econbiz.de/10009476735
This article presents a methodology designed to facilitate the systematic comparison of alternative discounting procedures for the costs and benefits of industrial regulatory activity. A discounting framework developed by Bradford is adapted for use in the context of industry regulation. Within...
Persistent link: https://www.econbiz.de/10009476736
This paper examines research on the diffusion of innovation, the final stage in the process of technological change. The focus rests primarily on two traditions in diffusion research: that of economists and that of sociologists. Diffusion researchers in these and related disciplines have made...
Persistent link: https://www.econbiz.de/10009476737
The authors investigate the relationship between system structure and the initiation of militarized disputes among Great Powers. The central hypotheses concern the interaction between system uncertainty and the risk propensity of national decision makers. The authors employ a research design...
Persistent link: https://www.econbiz.de/10009476974