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Humphreys, Brad R.; Maccini, Louis J.; Schuh, Scott - 2000

This paper presents a new stage-of-fabrication inventory model with ordering usage and stocking of input materials that distinguishes between gross production and value added It extends the traditional linear-quadratic model of output (finished goods) inventories by adding joint determination of...

Persistent link: https://www.econbiz.de/10010293497

Wage shares and demand regimes in Central America: An empirical analysis for Costa Rica, El Salvador, Honduras, Nicaragua, and Panama, 1970-2016

Jiménez, Valeria - 2020

This paper analyzes the relationship between functional income distribution aggregate demand and economic growth in five Central American countries; Costa Rica, El Salvador, Honduras, Nicaragua, and Panama for the period 1970-2016. It estimates the effects of a change in the wage share on...

Persistent link: https://www.econbiz.de/10012406275

Uncertainty shocks, adjustment costs and firm beliefs: Evidence from a representative survey

Dibiasi, Andreas; Mikosch, Heiner; Sarferaz, Samad - 2021

uncertainty significantly reduces managers' expected investment, employment and production in the short and mid run. We collect …

Persistent link: https://www.econbiz.de/10012888676

Saving does not finance Investment: Accounting as an indispensableguide to economic theory

Lindner, Fabian - 2012

argue that there is much confusion about key macroeconomic concepts like saving, investment and finance. This confusion is … best summarised in the statement "saving finances investment". After clearly defining the accounting relationships between … lending, financial saving and physical investment it will be shown that this is a nonsense statement. The theory behind it …

Persistent link: https://www.econbiz.de/10010460525

Does Saving Increase the Supply of Credit? A Critique of Loanable Funds Theory

Lindner, Fabian - 2013

economists identify saving and the credit supply by interpreting the macroeconomic saving-investment identity as a budget … supply of credit and thus more funds to be invested by firms for investment. The paper shows that proponents of this theory …

Persistent link: https://www.econbiz.de/10010460544

Regional Inequality, Convergence, and its Determinants - A View from Outer Space

Lessmann, Christian; Seidel, André - 2015

This paper provides a new data set of regional income inequalities within countries based on satellite nighttime light data. We first empirically study the relationship between luminosity data and regional incomes for those countries where regional income data are available. We subsequently use...

Persistent link: https://www.econbiz.de/10010531799

Technology Spillover through Trade and TFP Convergence: 120 Years of Evidence for the OECD Countries

Brøchner Madsen, Jakob - 2005

Using a new dataset on imports of technology and total factor productivity (TFP) over more than a century for the OECD countries, this paper tests for international technological transmission through trade. The empirical estimates suggest that imports of knowledge have been responsible for an...

Persistent link: https://www.econbiz.de/10010320924

The illusions of calculating total factor productivity and testing growth models from Cobb-Douglas to Solow and Romer

Felipe, Jesus; McCombie, John S. L. - 2019

This paper shows that because growth models in the tradition of Solow's and Romer's are framed in terms of production functions, they are equally subject to a criticism developed by, among others, Phelps Brown (1957), Simon (1979a), and Samuelson (1979). These authors argued that production...

Persistent link: https://www.econbiz.de/10012429376

Effect of interest rate on economic performance: evidence from Islamic and non-Islamic economies

Mushtaq, Saba; Siddiqui, Danish Ahmed - In: Financial Innovation 2 (2016) 9, pp. 1-14

Background: Saving and investment are two of the most important tools for economic growth. The interest rate has always … been considered an important determinant of saving and investment. However, according to Islamic teachings, riba or earning … interest on saving or investment is forbidden, and thus, many Muslims try to avoid earning income from the interest rate …

Persistent link: https://www.econbiz.de/10011808216

Financialisation and financial crisis in Iceland

Guðmundsson, Björn Rúnar - 2015

Financialisation in Iceland should be seen as an evolving process driven by a mixture of global and domestic forces. Responding to fundamental issues underlying macroeconomic imbalances, the authorities introduced policies that proved particularly supportive of financial expansion at a time when...

Persistent link: https://www.econbiz.de/10011310222

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