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For a country fractionalized in competing factions, each owning part of the stock of natural exhaustible resources, or with insecure property rights, we analyze how resources are transformed into productive capital to sustain consumption. We allow property rights to improve as the country...
Persistent link: https://www.econbiz.de/10013095003
conditions economic progress. Nonetheless, the notion that saving must be boosted in order to expand investment, is a contention … that has to be taken with a 'pinch of salt'. This study by elaborating on the temporal relationship between investment and … saving, provides econometric evidence, on the basis of which investment is a variable with the utmost importance. …
Persistent link: https://www.econbiz.de/10005113458
Investment is one of the main drivers of productivity growth, which is the key determinant of living standards in the … long run. Investment in British Columbia is lagging when compared to that of Canada, particularly in machinery and … equipment and ICT investment. Going forward, a poor investment performance in BC would likely lead to below average growth in …
Persistent link: https://www.econbiz.de/10005481827
measures of saving and investment understate both the extent to which we save and the extent of the resources that we allocate … to investment. Moreover, the national accounts data do not allow us to monitor substitution between tangible and …
Persistent link: https://www.econbiz.de/10005836551
investment behaviour, consumption behaviour and government expenditures, investigating to what extent changes are related to … financialization. Households experience higher debt levels. Rising profits of businesses come with only moderate investment. The notion …
Persistent link: https://www.econbiz.de/10005070023
consumption and investment expenditures, as well as their broadly defined components, are examined. We also test for effects of …
Persistent link: https://www.econbiz.de/10005412854
This paper re-examines the UK private sector expenditure function invented in the 1970s by the 'New Cambridge' School of economists led by Wynne Godley. Evidence is found that helps to justify the New Cambridge focus on a private sector aggregate. More problematic is the School's basic axiom...
Persistent link: https://www.econbiz.de/10010614657
function based on the permanent income hypothesis and an investment function based on the accelerations principle. The data …
Persistent link: https://www.econbiz.de/10010720771
In the paper model of macroeconomic turnover and its possibilities for investments modelling are shown. The model consists from four blocks: in the first the theoretical model is described. In the second the model is reflected in accordance with the requirements of system dynamics method, there...
Persistent link: https://www.econbiz.de/10008753069
adverse effects on the growth rates of investment and durable consumption, whereas the in uence on non-durable consumption …
Persistent link: https://www.econbiz.de/10009022076