Globalisation have generated a more or less competetive market according to the kind of rms. The Great moderation has structural causes such as market power, which is possible to study through the reduced form of the NKPC obtained with the Calvo and Rotemberg price setting assumptions. The Calvo...

Based on a panel data set of the Japanese corporations, we investigate into the collateral role of the land assets. We estimate the Euler equation of investment decision rule by the GMM when the corporations face borrowing constraints.

In H1 2014, the business activities in the Russian economy were characterized by slowdown of growth rates of the external demand on goods of the Russian export and termination of growth in domestic demand. In H1 2014, a 2.8% reduction of investments in capital assets and the minimum growth of...

Analysis of Savings in the Classics View

The beginning of the 90’s transitional period generated a significant increase of loans, in Eastern, South Eastern and Central Europe. The challenges that period brought were successfully overcome by the countries with flexible economies. Lately, the uncontrolled evolution of the credits...

This paper aims to synthesize the debates concerning the development of the financial systems and the direct foreign investments in promoting the economic growth. The present work wants establish a connection between the development of the financial systems and the economic growth. Recent...

The European System of National and Regional Accounts, 1995 ESA or simply ESA was adopted as a regulation of the European Council on 25 June 1996 and is an internationally applicable accounting framework that allows analytical and detailed description, analysis and evaluation structure, which is...