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We set up a dynamic stochastic model of a stylized economy comprising a final output sector (with traditional and modern firms) and an intermediate goods sector. It is shown that market integration reduces the volatility of the rate of return of capital invested in modern firms. The induced...
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The purpose of this paper is to survey the contributions to economic growth theory. We focus on the basic models and literature that link resource economic and economic growth, in order to reveal the main differences on how the different aspects are incorporated into growth models. As economic...
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This book focuses on innovation in the ASEAN such as Brunei, Indonesia, Malaysia and Singapore to demonstrate that it … occurs in Brunei, Indonesia, Malaysia and Singapore. Thereby focusing on the unique country elements of each country but also … exploring the integrated history of these countries. The book highlights these countries together due to Brunei and Singapore …
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Since its independence, Singapore has faced a tradeoff between increasing economic growth and maintaining environmental … quality. We qualitatively assess Singapore’s success in managing these tradeoffs. We present, illustrate and discuss seven …
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