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What the Entrepreneurial Problem Reveals About Keynesian Macroeconomics

Bylund, Per L. - 2017

I show that Keynesian macroeconomic theory is impossible if we consider (include) entrepreneurship as value creation in … markets. Entrepreneurship, I argue, fundamentally undermines the Keynesian analysis …

Persistent link: https://www.econbiz.de/10012941264

Sudden stops and currency crises

Efremidze, Levan; Schreyer, Samuel M.; Sula, Ozan - In: Journal of Financial Economic Policy 3 (2011) November, pp. 304-321

Purpose – The purpose of this paper is to examine empirical characteristics of two commonly mentioned expressions of international financial crisis, “sudden stops” and currency crises. Design/methodology/approach – Sudden stop and currency crisis events are identified and empirical...

Persistent link: https://www.econbiz.de/10010611023

The macroeconomics of immigration

Kiguchi, Takehiro; Mountford, Andrew - Volkswirtschaftliche Fakultät, … - 2013

Immigration has been a significant part of US population growth over recent decades, with the number of ``foreign born to non-US nationals" rising from approximately 10 million in 1970 to nearly 40 million or 12.9% of the US total population in 2010. In this paper, using a VAR with sign...

Persistent link: https://www.econbiz.de/10011112967

Absorption Capacity, Structural Similarity and Embodied Technology Spillovers in a 'Macro' Model : An Implementation within the Gtap Framework

Das, Gouranga Gopal; Powell, Alan A. - 2002

In this paper, all technology transfers are embodied in trade flows within a three-region, one-traded-commodity version of the GTAP model. Exogenous Hicks-Neutral technical progress in one region can have uneven impacts on productivity elsewhere. Why? Destination regions' ability to harness new...

Persistent link: https://www.econbiz.de/10014126126

Financing Ventures : Some Macroeconomics

Sánchez, Juan M. - 2020

The relationship between venture capital and growth is examined using an endogenous growth model incorporating dynamic contracts between entrepreneurs and venture capitalists. At each stage of financing, venture capitalists evaluate the viability of startups. If viable, venture capitalists...

Persistent link: https://www.econbiz.de/10013210493

Essays On Entrepreneurial Financing

Jia, Ye - 2011

the first chapter, by quantitatively evaluating the impact of different personal bankruptcy regimes on entrepreneurship in … a life-cycle model with occupational choices, I conclude that personal bankruptcy law affect entrepreneurship mainly …-bankruptcy punishments have the largest impact on entrepreneurship compared to variations in other dimensions of the bankruptcy regime. In …

Persistent link: https://www.econbiz.de/10009447241