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reduction in some countries have not been the accelerator sufficient for the global recovery. The general level of demand is low … demand, as well as the options available for removal of those causes and revitalization of the effects. One of the main … causes of decrease in demand in a long run is the asymmetrical distribution of income which has led to a reduction in …
Persistent link: https://www.econbiz.de/10010439088
In this paper we account for observed management practice in the estimation of aproduction function. In our model management practice is observable and we allow it toaffect output directly (neutral shift) and indirectly by affecting input productivity. Thisformulation gives us a semiparametric...
Persistent link: https://www.econbiz.de/10010312060
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We survey recent literature on the causes of the collapse in international trade during the 2008-2009 global recession. We argue that the evidence points to the collapse in aggregate expenditure, concentrated on trade-intensive durable goods, as the main driver of the trade collapse. Inventory...
Persistent link: https://www.econbiz.de/10013096140
We survey recent literature on the causes of the collapse in international trade during the 2008–2009 global recession. We argue that the evidence points to the collapse in aggregate expenditure, concentrated on trade-intensive durable goods, as the main driver of the trade collapse. Inventory...
Persistent link: https://www.econbiz.de/10013078102
We survey recent literature on the causes of the collapse in international trade during the 2008-2009 global recession. We argue that the evidence points to the collapse in aggregate expenditure, concentrated on trade-intensive durable goods, as the main driver of the trade collapse. Inventory...
Persistent link: https://www.econbiz.de/10012460028
Persistent link: https://www.econbiz.de/10011732610
/1991, speculative demand shocks also played a role. Third, it is shown that temporary oil price hikes influence economic decisions that … demand shocks can emerge that to date appear to have been overlooked. …
Persistent link: https://www.econbiz.de/10009786017
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