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This paper examines the effects of money financing of deficits on capital accumulation and growth in a framework where inflationary finance is determined endogenously through a dynamic game between an optimising central bank which attempts to minimise the inflation-tax and a rational private...
Persistent link: https://www.econbiz.de/10004976553
This article leaves the principle that the protectionist policy are favorable to the preservation of the stable rates of salary. These rates of salary will have for object to maintain the cost of migration of the populations of the protected sectors and thus to maintain constant the migratory...
Persistent link: https://www.econbiz.de/10011107387
percentage of cows for low production that was unrelated to disease than did producers of smaller herds, classified as having … fewer than 100 cows: cows having low production consisted of 28.1 percent of cull cows from larger herds versus 19.2 percent … of cull cows from smaller herds. Use of specific milk production levels to determine timing of culling in combination …
Persistent link: https://www.econbiz.de/10005327149
An equilibrium model of advertising, production and exchange is developed. Sellers advertise and produce. In contrast … good (or money) in exchange. The total numbers of sellers of the two types determine the total production. The total number …
Persistent link: https://www.econbiz.de/10009352466
This article outlines work in progress on a study of technological choice in the context of North-South development. Its main purpose is to describe the methodology being developed in the pilot phase of the study. This is of interest because it links together a number of analytic...
Persistent link: https://www.econbiz.de/10005837262
policy production function under this dimension leads us to consider the units analysed as centres which carry out their …
Persistent link: https://www.econbiz.de/10005486632
cows) herds were ranked by milk production per cow. High-producing herds were more likely to use Dairy Herd Improvement … more frequently culled healthy cows using a break-even milk production level than low-producing herds and, on a per …. Average milk production per cow increased with herd size. Contact for this paper: Stephen Ott …
Persistent link: https://www.econbiz.de/10005503430
dimensions in economic production. A distinction is proposed between direct and indirect substitution. Linked to this, a … classification is offered of various types of substitutability and complementarity relationships between production factors. It is … argued that the neoclassical production function may be consistent with mass balance, but is unsuitable for a detailed and …
Persistent link: https://www.econbiz.de/10005504911
'Reality of money' is curiously similar to uncertainty theory of (Hisenburg)quantum physics. To some (natural societies), legitimatimacy of exchange control is derived by associating it with certain physical signifiance of 'real' goods. Exchange control is thus decided by producers in commodity...
Persistent link: https://www.econbiz.de/10005408103
Persistent link: https://www.econbiz.de/10009024957