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The Least-Squares Monte Carlo model (LSM model) has emerged as the derivative valuation technique with the greatest impact in current practice. As with other options valuation models, the LSM algorithm was initially posited in the field of financial derivatives and its extension to the realm of...
Persistent link: https://www.econbiz.de/10011988695
The appeal of the 'Micro-foundations' project, which requires that all macroeconomic propositions are reduced to or derived from microeconomic ones, is strongly supported by the considerable force of what Lakatos calls the discipline's 'hard core'. This is particularly so if this project is...
Persistent link: https://www.econbiz.de/10014363197
This paper investigates the influence of international openness on economic growth in a sample of 32 European economies …. The usual approach in the literature on the topic is to observe the impact of trade openness on growth. We, however … openness. Our research, in general, shows that openness is an important determinant of growth in a set of investigated …
Persistent link: https://www.econbiz.de/10011310256
This paper analyzes the impact of infrastructure investments in the reduction of poverty in Brazil, controlled through … other determinants such as economic growth, income inequality, average schooling years, unemployment rate and state budgets … public investment in infrastructure and poverty. The Granger causality test for panel data proposed by Hurlin and Venet (2001 …
Persistent link: https://www.econbiz.de/10011858489
In this study, we examine the contributions of growth and redistribution to poverty reduction in Mexico during the … spur growth in the economy, that increasing income/consumption levels contribute to reducing inequality, and that poverty … period from 1992 to 2014, using repeated cross-section household data. We first decompose the observed changes in poverty …
Persistent link: https://www.econbiz.de/10013205104
determinants. On the other hand, in the case of social development, I have used the poverty rate and other relevant indicators. The …
Persistent link: https://www.econbiz.de/10012705308
accumulation and economic growth are two sides of the same process. Accumulation generates growth and growth fuels accumulation, so … it seems bootless to ask whether capitalists want growth. Growth is their lifeline, and the more of it, the better it is … growth decelerates, the income share of the Top 1% – which includes the capitalists as well as their protective power belt …
Persistent link: https://www.econbiz.de/10011644575
accumulation, so the question for them is the very possibility of sustained growth. The third and final part takes the view of … capital as power. Capitalized power hinges not on growth, but on strategic sabotage. So from this viewpoint, the key question …
Persistent link: https://www.econbiz.de/10011646063
This work analyzes the phenomenon of premature deindustrialization for Colombia and for other seven Latin American countries. Through a Koyck transformation model for the Colombian case, and a panel data fixed effects model for the complete sample of eight Latin American countries, this work...
Persistent link: https://www.econbiz.de/10011991426
growth of trade and capital openness. …
Persistent link: https://www.econbiz.de/10011994328