The primary objective of this paper is to revisit DSGE models with a view to bringing out their key weaknesses, including statistical misspecification, non-identification of deep parameters, substantive inadequacy, weak forecasting performance, and potentially misleading policy analysis. It is...

Carbon dioxide emissions to the atmosphere are drastically increased due to fossil fuel-based power plants and different kinds of industrial processes. Carbon capture is essential to maintain a better environment. Flue gas emissions from the coal-fired power plant, gas-fired power plant, cement...

Carbon dioxide emissions to the atmosphere are drastically increased due to fossil fuel-based power plants and different kinds of industrial processes. Carbon capture is essential to maintain a better environment. Flue gas emissions from the coal-fired power plant, gas-fired power plant, cement...

This paper develops a micro-simulation framework for multinational entry and sales activities across countries. The model is based on Eaton, Kortum, and Kramarz's (2010) quantitative trade model adapted towards multinational production. Using micro data on Japanese manufacturing firms, we first...

Software development projects have been blamed for being behind schedule, cost overruns, and the delivery of poor quality product. This paper presents a simulation model of a data warehouse to evaluate the feasibility of different software development controls and measures to better manage a...