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This new and original collection of papers focuses on the intersection of three strands of research: evolutionary economics, behavioral economics, and management studies. Combining theoretical and empirical contributions, the expert contributors demonstrate that the intersection of these fields...
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We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the...
Persistent link: https://www.econbiz.de/10013021942
The role of learning and R&D in economic development is addressed in an endogenous growth model. When human capital is … innovation activities and learning drive growth above this level. Hence, an endogenous regime shift is triggered when the level …
Persistent link: https://www.econbiz.de/10014169715
The role of learning and R&D in economic development is addressed in an endogenous growth model. When human capital is … innovation activities and learning drive growth above this level. Hence, an endogenous regime shift is triggered when the level …
Persistent link: https://www.econbiz.de/10014169716
simple model with learning externalities that generates this kind of behavior. I follow Lucas (1998) and solve the …
Persistent link: https://www.econbiz.de/10014224257
We assess similiarity of the Polish central bank's forecasts published in Inflation Reports and economic experts' forecasts (from NBP Survey of Professional Forecasts), an important issue in monetary policy. Contrary to other studies which use point forecast, we are interested in comparing whole...
Persistent link: https://www.econbiz.de/10014126463
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10013110732
bad economic equilibrium into a better one, permanently increasing their output and income. Experiments are a useful … agents produce output in each period and can allocate the output between consumption and investment (the experiment adds to …
Persistent link: https://www.econbiz.de/10014065655