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The role of income uncertainty in the corruption-growth nexus

Dzhumashev, Ratbek - In: The B.E. journal of economic analysis & policy 16 (2016) 2, pp. 1169-1201

Persistent link: https://www.econbiz.de/10011508501

Li, Jay Y. - 2016

We examine interactions between investment and financing decisions in a dynamic model where the firm can alter the mix of debt and equity financing and exercise a randomly arriving and potentially short lived growth option. The firm will typically finance the exercise of the growth option with...

Persistent link: https://www.econbiz.de/10013008584

An uncertain recovery

Weltbankgruppe / Macroeconomics, Trade & Investment - 2020

As elsewhere in the world, in the Western Balkans the COVID-19 pandemic has plunged countries into deep recession. Because of the recession, labor market conditions have taken a turn for the worse and welfare improvements have been interrupted, although government response measures cushioned the...

Persistent link: https://www.econbiz.de/10012384741

Growth, R&D, and uncertainty

Tsuboi, Mizuki - In: Economic modelling 87 (2020), pp. 394-400

Persistent link: https://www.econbiz.de/10012416771

Orthodoxy versus heterodoxy : inflation, unemployment, growth, profit

Manera, Carlos - 2015

Institutions like the IMF, the ECB and many finance ministries and private banks in the world's richest countries are sending out unequivocal calls for strict control of prices to be addressed urgently, given their intrinsic relationship with how the budget deficit and government debt evolve....

Persistent link: https://www.econbiz.de/10010494932

Revisiting (and connecting) Marglin-Bhaduri and Minsky : an SFC look at financialization and profit-led growth

Santos, Claudio Hamilton Matos dos; Silva, Antonio … - 2009

Many heterodox strands of thought share both a concern with the study of different phases or growth regimes in the history of capitalism and the use of formal short-run models as an analytical tool. This text suggests that: (1) this strategy is potentially misleading; (2) that the stock-flow...

Persistent link: https://www.econbiz.de/10003859971

Deirdre Mccloskey, Kirznerian Growth and the Role of Social Networks : Comment

Novak, Mikayla - 2018

In a recent article, Vincent Geloso (2015) argues that the study of social networks can illuminate Deirdre McCloskey's view that modern economic growth was fostered by according entrepreneurial actions a sense of dignity. I extend Geloso's framework to suggest that an ‘analytical egalitarian'...

Persistent link: https://www.econbiz.de/10012924480

Excess Savings, Under-Consumption and Secular Stagnation : A Critique of Modern Stagnation Theories

Menon, Rahul - 2018

Hansen's theory of secular stagnation has been resurrected in mainstream discourse today through economists such as … Lawrence Summers and Paul Krugman. The modern theory of stagnation believes that excess savings – brought about due to slowing … interest rate to go below zero. This theory is flawed in calling itself “Keynesian” since its focus on the interest rate as …

Persistent link: https://www.econbiz.de/10012911580

Why Economic Progress Depends on Economic Religion

Nelson, Robert H. - 2017

The success of an economic system depends on its having a strong basis of legitimacy in society. For much of the twentieth century, the legitimacy of "American capitalism" was based on the public belief that it would most rapidly and successfully advance the economic progress of the American...

Persistent link: https://www.econbiz.de/10012953335

No One is Alone : Strategic Complementarities, Capacity Utilization, Growth, and Distribution

Petach, Luke; Tavani, Daniele - 2019

A longstanding criticism to Keynesian and Kaleckian growth theories is the question: why would firms operating with underutilized capacity accumulate capital stock? Our answer hinges on firms’ utilization choices depending on their beliefs about the level of demand, as captured by aggregate...

Persistent link: https://www.econbiz.de/10014116286

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