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The principle of effective demand, and the claim of its validity for a monetary production economy in the short and in the long run, is the core of heterodox macroeconomics, as currently found in all the different strands of post-Keynesian economics (Fundamentalists, Kaleckians, Sraffians,...
Persistent link: https://www.econbiz.de/10014582684
Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. In the paper Latvian economic indicators before and after entering the EU are...
Persistent link: https://www.econbiz.de/10009216353
We study Ramsey-optimal fiscal policy in an economy in which product varieties are the result of forward-looking investment decisions by firms. There are two main results. First, depending on the particular form of variety aggregation in preferences, firms' dividend payments may be either...
Persistent link: https://www.econbiz.de/10009320975
Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. Latvia's incoming in EU increased the amount of received means from structural...
Persistent link: https://www.econbiz.de/10009367975
We study Ramsey-optimal fiscal policy in an economy in which product varieties are the result of forward-looking investment decisions by firms. There are two main results. First, depending on the particular form of variety aggregation in preferences, firms' dividend payments may be either...
Persistent link: https://www.econbiz.de/10010721318
The study investigated the dynamic interaction between savings, investment and economic growth in Nigeria within the period 1981 to 2014, using annual time series data obtained from the World Bank Development Indicator (WDI). The study employed the impulse response function (IRF) and the...
Persistent link: https://www.econbiz.de/10012845749
Labor wages, employment rates, strategies and policies are completely ignored if not totally missing in Sub Saharan Africa. That represents a potential reason for poverty and popular discontent and expressed by rebellions, revolts and civil uprisings in many countries as we have seen in the past...
Persistent link: https://www.econbiz.de/10014180562
On 9 July 1849, Victor Hugo pronounced his speech "destroying misery" at the French Legislative Assembly. Whether in France or in the rest of the world, no one has succeeded, except China from 1980 to 2019, before the Covid crisis.In one side, in order to share a common direction with all...
Persistent link: https://www.econbiz.de/10014254013
Gdp even net of obsolescence (ndp) has to be considered only as an expense (investment is an expense; consumption, export minus import, and change of stock, all these indicators are today expenses). As entrepreneur you will never manage your investments by looking only the expenses, it is clear...
Persistent link: https://www.econbiz.de/10013295583
The two Cambridge controversy have marked a milestone in economic thinking. By their demonstration neo-Ricardian and post-Keynesian seemed to have proven the impossibility of defining the notion of Capital and, moreover, of being able to aggregate heterogeneous Capital. It is not so.By reasoning...
Persistent link: https://www.econbiz.de/10013295977