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In the present paper we explicitly introduce interest payments and debt into a Kaleckian distribution and growth model … with an investment function very close to Kalecki's original writings. The effects of interest rate variations on the short … the equilibrium debt-capital-ratio are also analysed. It is shown, that the effects of interest variations on the …
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We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications … accommodates: different investment incentives for incumbents and entrants; a strategic interaction of entrants' and incumbents … investment. Thus promoting market entry by means of regulated access undermines incentives to invest in facilities …
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There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
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