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Trust, personal moral codes, and the resource-advantage theory of competition : explaining productivity, economic growth, and wealth creation
Hunt, Shelby D. - In: Contemporary economics 6 (2012) 2, pp. 4-19
moral codes, this article explores a theory of ethics, known as the “Hunt-Vitell” theory of ethics, that illuminates the … concept of personal moral codes and uses the theory to discuss which types of personal moral codes foster trust and distrust … in society. This article then uses resource-advantage (R-A) theory, one of the most completely articulated dynamic …
Persistent link: https://www.econbiz.de/10009767626
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Trust, Personal Moral Codes, and the Resource-Advantage Theory of Competition : Explaining Productivity, Economic Growth, and Wealth Creation
Hunt, Shelby - 2012
moral codes, this article explores a theory of ethics, known as the “Hunt-Vitell” theory of ethics, that illuminates the … concept of personal moral codes and uses the theory to discuss which types of personal moral codes foster trust and distrust … in society. This article then uses resource-advantage (R-A) theory, one of the most completely articulated dynamic …
Persistent link: https://www.econbiz.de/10013097588
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Competition, Innovation and Productivity Growth : A Review of Theory and Evidence
Ahn, Sanghoon - 2002
This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run …
Persistent link: https://www.econbiz.de/10012446761
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Competition, Innovation and Productivity Growth : A Review of Theory and Evidence
Ahn, Sanghoon - 2015
This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run …
Persistent link: https://www.econbiz.de/10014113850
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Chapter 66 The Measurement of Productivity for Nations
Diewert, W. Erwin; Nakamura, Alice O. - In: Handbook of econometrics : volume 6A, (pp. 4501-4586). 2007
This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total … factor productivity measures are defined and are related to each other and to gross domestic product (GDP) per capita. Their … factor productivity growth (TFPG) index. These are easiest to understand for the case in which the index number problem is …
Persistent link: https://www.econbiz.de/10014024949
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Markets as Economizers of Information : Field Experimental Examination of the 'Hayek Hypothesis'
Al-Ubaydli, Omar - 2012
The work of Friedrich Von Hayek contains several testable predictions about the nature of market processes. Vernon Smith termed the most important one the 'Hayek Hypothesis': equilibrium prices and the gains from trade can be achieved in the presence of diffuse, decentralized information, and in...
Persistent link: https://www.econbiz.de/10013115213
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Liquidity as an Investment Style
Ibbotson, Roger G. - 2013
We present comprehensive evidence in support of giving liquidity equal standing to size, value/growth, and momentum as investment styles, as defined by Sharpe (1992). First, we show that financial market liquidity, as identified by stock turnover, is an economically significant indicator of...
Persistent link: https://www.econbiz.de/10013093548
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The Structural Price Mechanism
Kakarot-Handtke, Egmont - 2015
the collapsed Walrasian and Keynesian attempts to formulate a consistent price and value theory …
Persistent link: https://www.econbiz.de/10013034928
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Linking ethics and economic growth : a comment on Hunt
Foss, Nicolai J. - In: Contemporary economics 6 (2012) 3, pp. 4-9
Hunt (2012) builds on his work concerning ethics and resource-advantage theory to link personal ethical standards … elasticity of substitution and, therefore, total factor productivity and growth. …
Persistent link: https://www.econbiz.de/10009767606
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Slower Productivity and Higher Inequality : Are They Related?
Furman, Jason - 2018
Income growth for typical American families has slowed dramatically since 1973. Slower productivity growth and an … the productivity slowdown and the increase in inequality, specifically exploring the extent to which reduced competition … and dynamism can explain both of these phenomena. Productivity growth has been uneven across the economy, with top firms …
Persistent link: https://www.econbiz.de/10012917267