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market-centred economic reforms; the other, attributing the cause to the ‘unproductive’ nature of foreign financial capital … transformation of capital and the state—to the historical changes in the nature of these institutions through the commodification of … capital and the state and the evolution of the capitalist ruling class in order to grasp the nature of the post-1997 social …
Persistent link: https://www.econbiz.de/10011646705
within a ‘capital as power’ theoretical framework, my purpose in this is to shed some much-needed light on the dynamics of …
Persistent link: https://www.econbiz.de/10011646706
Theories of society, as of nature, are characterized by their elementary particles. The elementary particle of neoclassical economics is the util. The elementary particle of classical Marxism is abstract labour. These elementary particles represent material quanta. They are deemed useful because...
Persistent link: https://www.econbiz.de/10011647602
Finance for micro, small, and medium-sized enterprises (MSMEs) has been a concern for all stakeholders including entrepreneurs, financial institutions, and government organizations. The key objective of the study was to identify various challenges faced by MSMEs in sourcing of finance during...
Persistent link: https://www.econbiz.de/10011653783
The literature on capital allocation is biased towards an asset modeling framework rather than an actuarial framework … should be based on a Lévy process. It discusses the impact of different loss models on marginal capital allocations. It shows …
Persistent link: https://www.econbiz.de/10011996651
We show that the large elasticity of substitution between capital and labor estimated in the literature on average, 0 … capital. The mean elasticity conditional on the absence of publication bias, disaggregated data, and inclusion of information … from the first-order condition for capital is 0.3. To obtain this result, we collect 3,186 estimates of the elasticity …
Persistent link: https://www.econbiz.de/10012061536
selecting an index number formula, and the use of chaining. Special attention is also given to measuring physical capital inputs …
Persistent link: https://www.econbiz.de/10012115557
We show that the large elasticity of substitution between capital and labor estimated in the literature on average, 0 … capital. The mean elasticity conditional on the absence of publication bias, disaggregated data, and inclusion of information … from the first-order condition for capital is 0.3. To obtain this result, we collect 3,186 estimates of the elasticity …
Persistent link: https://www.econbiz.de/10012140631
In this paper we analyze financial crises, and the interactions of macroprudential policy and credit. Financial crises are recurrent systemic phenomena, often-triggering deep and long-lasting recessions with large reductions in aggregate welfare, output and employment. Importantly for policy,...
Persistent link: https://www.econbiz.de/10011933347
The starting point of our research is Piketty (2014) who follows Marx by asserting that rents are merely one of the forms of profits, therefore they do not require separate conceptual analysis and statistical separation. Speaking of the generation of rents (as a distinctly different mechanism...
Persistent link: https://www.econbiz.de/10011944890