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investment level which defines the technology of production used. We show that, in general, to implement a non-linear pricing the … monopoly choice a level of investment, which depends of the type of consumer and, also, that the level of investment for each … type is correlated with the recovery degree of the investment. …
Persistent link: https://www.econbiz.de/10008792716
model. We find that i) government spending increases output and induces a simultaneous decline of investment and the current … account, but does not affect consumption; ii) the responses of output and investment are smaller in more open economies, while … simultaneous decline in investment and the current account. …
Persistent link: https://www.econbiz.de/10008793608
responsive, investment is crowded out, the drop in savings drives the current account into deficit and government spending …
Persistent link: https://www.econbiz.de/10008793996
The evolution of firms' investment behavior is interpreted by heterodox theories as the resultant of the …
Persistent link: https://www.econbiz.de/10008794003
investment expenditure is crowded-out by public spending in the short-run. In this contribution, we address this empirical fact … accommodating the observed negative relationship between investment and government expenditure. Our numerical experiments point out … fiscal expansion crowds-out real consumption by a smaller amount and investment by a larger one, while the current account …
Persistent link: https://www.econbiz.de/10008794054
A man is a key subject of economics. “A man is irrational” - this opinion can be made from Allais paradox, risk aversion and other well-known fundamental problems. For a long time, this opinion was a barrier to proper solution of these problems and the development of the economics. A...
Persistent link: https://www.econbiz.de/10008794157
among countries having similar structural characteristics (same rates of investment, of capitaldepreciation, of demographic … the assumption that the nature of technical progress is not the same one according to the type of investment that is … realized. We first deduce from this assumption relations between investment, production and employment. Then, by introducing …
Persistent link: https://www.econbiz.de/10008794221
term investment incentives in a dynamic programming problem faced by innovators who learn over time about SOX's effect …
Persistent link: https://www.econbiz.de/10008794665
interactions between financial variables and investment. The article is based on the flow of funds accounts of INSEE which provide …
Persistent link: https://www.econbiz.de/10008794858
This paper empirically investigates the impact of GDP volatility on current account balances for a large sample of developed and developing countries. We extend the standard set of short- and long-term determinants of current accounts to include GDP volatility computed from the annual growth...
Persistent link: https://www.econbiz.de/10008799599