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We present an expression of the economic concept of asymmetric information with which it is possible to derive the dynamical laws of an economy. To illustrate the utility of this approach we show how the assumption of optimal information flow leads to a general class of investment strategies...
Persistent link: https://www.econbiz.de/10010589817
This paper looks at economic growth and its fundamental determinants in Russia over the last decades. It starts by showing that, contrary to the views of some political commentators, growth is highly important for the popularity of president Putin. Furthermore, regular models of growth are...
Persistent link: https://www.econbiz.de/10012132420
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The growth of total factor productivity (TFP) in advanced economies has slowed significantly after the 1970s. The … global financial crisis (GFC) has resulted in the second productivity growth slowdown. This paper, on the basis of a broad … literature review, identifies the structural forces and legacies of the financial crisis, explaining the productivity growth …
Persistent link: https://www.econbiz.de/10012198633
The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...
Persistent link: https://www.econbiz.de/10010943497
The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...
Persistent link: https://www.econbiz.de/10010895474
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