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PATTAPHONGS, DANAI

This dissertation is composed of two papers. In the first paper, we draw a distinction between the "optimal debt" and the "debt capacity" of a sovereign nation. It is shown that for a sovereign nation, its debt capacity is at most equal to its optimal debt. The existence and the type of...

Persistent link: https://www.econbiz.de/10009431523

A macroeconomic forecasting model for Jordan

El-Mefleh, Muhannad Ali

Economic forecasts are needed in order to gain knowledge about future trends and events that are crucial for current decision making regarding the economy. There are no known models for forecasting the Jordanian economy. The purpose of this thesis is to design a forecasting model for the...

Persistent link: https://www.econbiz.de/10009431539

A macroeconomic factor test of the arbitrage pricing theory

Dukas, Stephen Peter

Arbitrage Pricing Theory. These derived macroeconomic factors (exogenous variables) were estimated by applying Principal …The Arbitrage Pricing Theory was tested over the three periods 1972-1987, 1972-1979, and 1980-1987. The results of … these tests were consistent with the Arbitrage Pricing Theory over the subperiods 1972-1979 and 1980-1987, and less …

Persistent link: https://www.econbiz.de/10009431544

Determinants of the value of common stocks in the U.S.: An econometric analysis for the period 1968-1988

Diao, Clyde Ligutom

The study tested three types of models, i.e. financial, macroeconomic, and the combined financial-macroeconomic model (FINMAC), an aggregation of the expanded Gordon model and the IS-LM model. This was done to determine the impact of certain financial and macroeconomic variables on stock prices...

Persistent link: https://www.econbiz.de/10009431551

STABILIZATION POLICIES IN AN OPEN ECONOMY UNDER ALTERNATIVE EXCHANGE RATE AND WAGE RATE CONDITIONS.

HORN, KLAUS-PETER. - Florida Atlantic University

This thesis examines how the various instruments of monetary and fiscal policy work in the presence of fixed and flexible exchange rates. Based on the pioneering work of Mundell and Fleming, the traditional view assigns fiscal policy as being highly suitable for a fixed exchange rate regime,...

Persistent link: https://www.econbiz.de/10009431563

Conjectural variations in models of the oligopoly.

Brown, Roger Joseph - Florida Atlantic University

This thesis reviews the contemporary work in the area of the role of conjectural variations on the equilibrium price and quantity, in models of the oligopolistic industry. Industry is shown to be capable of producing from the competitive output, to the monopolistic, depending on the conjectural...

Persistent link: https://www.econbiz.de/10009431567

An empirical analysis of the convergence hypothesis across countries: New evidence.

Butzin, Blake Donald. - Florida Atlantic University

The Solow growth model examines the effects of saving, population and technological advances on the growth of an economy. Long-run economic growth is explained by the exogenous variable, technology. In this model lower income countries will experience higher rates of economic growth, which will...

Persistent link: https://www.econbiz.de/10009431580

INTERTEMPORAL PROFIT MAXIMIZATION AND THE DYNAMICS OF INVESTMENT: DEVELOPING THE HAMILTONIAN REPRESENTATION OF THE TRANSLOG PROFIT FUNCTION.

YUHN, KYHYANG. - Northern Illinois University

basically a blend of the theory of investment and empirical investigations. Two sets of empirical results are presented, a … basically a blend of the theory of investment and empirical investigations. Two sets of empirical results are presented, a …

Persistent link: https://www.econbiz.de/10009431612

The effects of devaluation on real output: The case of Jamaica, 1975-1985.

Rhodd, Rupert George. - Fordham University

In small open economies nominal devaluation is generally the government's policy instrument for dealing with balance of payments problems. There is general agreement that at least among developing economies devaluation is an effective means of improving a country's external balance. The effect...

Persistent link: https://www.econbiz.de/10009431619

The effects of final and intermediate product innovation in a model of international trade.

Bosshardt, William Draeger - Purdue University

Innovation is a scarce resource--in order for innovation to occur, a country must forgo something else. In the international trade literature, the sacrifice is usually in terms of inputs that could have been used in production. However, to imply that innovation depends on productive resources...

Persistent link: https://www.econbiz.de/10009431622