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In this paper, we review the basic notions and definitions of economic regime and regime switching. The purpose of this review is to describe how these notions appear implicitly or explicitly in different areas of the economic literature. We will not claim to offer a complete survey. The goal is...
Persistent link: https://www.econbiz.de/10014059577
In this paper we show that in a pure exchange economy where social weights and total resources are fixed there is no possibility to improve the social welfare by means of efficient reallocations of the resources. However, if social weights are not fixed but can be selected from a particular set,...
Persistent link: https://www.econbiz.de/10012746690
In this paper from the Negishi approach we analyze the concepts of structurally stable and structurally unstable economies on Banach's spaces. With this object we formalize the intuitive concept of similar economies. We show that in certain cases similar (or neighboring) economies can show no...
Persistent link: https://www.econbiz.de/10014059661
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In this paper we study the dynamics of economic growth for 140 countries during the period 1951-2003. The variables representing economic performance are levels and growth rates of per capita GDP. Using the concept of economic regime, we introduce a notion of distance between the dynamical paths...
Persistent link: https://www.econbiz.de/10012940617
In this paper we analyze the rationality that sustains the public investments on white elephants applied to the construction of tourist facilities in Mexico. The main result of this paper is that there exist two kinds of rationalities in the construction of white elephants. One is a similar...
Persistent link: https://www.econbiz.de/10012706541
Sustainable systems are those that can maintain a desirable regime in the presence of disturbance. Dynamic regime theory has been applied to systems in a growing number of disciplines to understand and predict system behavior, as well as manage system sustainability. A multidisciplinary analysis...
Persistent link: https://www.econbiz.de/10012746681
This paper explores a recent method for measuring the tourism contribution to an economy's performance and compares it with others methodologies. The method uses the rate of growth of real per capita GDP and disaggregates it into a growth component that can be imputed to tourism and growth...
Persistent link: https://www.econbiz.de/10014219936
In this paper we introduce the formalism and terminology of multiregime dynamics for both theoretical modeling and data analysis. Coding is proposed as the appropriate tool for the analysis of such special type of dynamics, focussing upon switches between suitably defined dynamical regimes....
Persistent link: https://www.econbiz.de/10014059713