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This paper analyses if several spatial variables coming from cities and transportation system can affect the money market, specially the income velocity of circulation. The specification of the theoretical model include the income velocity of circulation into the IS-LM multipliers. Considering...
Persistent link: https://www.econbiz.de/10011314425
The main aim of this paper is to analyse if determined variables related with transportation, demography and geography can cause fluctuations in the aggregate demand function and hence affect the prices,employment and output levels in an economy.The panel data to carry out this analysis includes...
Persistent link: https://www.econbiz.de/10011314807
This paper analyses how several spatial variables coming from cities and transportation system can affect money market, specially the income velocity of circulation, assuming an unit-elastic aggregate demand function and considering money velocity as a variable. Fluctuations in velocity caused...
Persistent link: https://www.econbiz.de/10011318883
The productivity generated by capital goods is not uniform, specially over the time. The productivity obtained from phisical goods is minor than one generated by new capital goods, or quality capital goods. It seems that the difference between both kinds of capital stems from the fact that...
Persistent link: https://www.econbiz.de/10011324854
The productivity generated by capital goods is not uniform along the time. When there exist conventional physical capital goods the productivity obtained is minor that the one generated by quality capital goods. To obtain a correct measure of growth in presence of this embodied technical...
Persistent link: https://www.econbiz.de/10011336394
A new urban revolution begun in the second half of the XX century and it is going to challenge the relation between the size and economic role of cities: on one side, the last decades have witnessed the emergence and the never seen growth of a number of Mega-cities, with more than 9 million...
Persistent link: https://www.econbiz.de/10011400210
The main aim of this paper is to observe the environmental behaviour in some cities of the word, by analyzing for each city the trends of several energy and emissions indicators that appear as explanatory variables in both energy and labour average productivity equations. At the same time we...
Persistent link: https://www.econbiz.de/10011400219