Showing 81 - 90 of 126
Goodwin's predator prey model predicts cycles in the employment distribution space. After the Cambridge capital controversies this particular model can not be seen as theoretically consistent. However, evidence is provided in favour of non-linear dynamic behaviour for a sample of 67 countries,...
Persistent link: https://www.econbiz.de/10012723942
The article characterises the link between the foreign sector and growth in Colombia 1952-2000. Thirlwall's law was tested and found to be valid for this period. There was a long-term relationship between GDP and export growth, income and price elasticity of demand for imports and the real...
Persistent link: https://www.econbiz.de/10012776308
Elasticity of substitution was introduced into economics during the early 1930s. It was discovered independently by Hicks in The Theory of Wages and by Joan Robinson in The Economics of Imperfect Competition, and then was the centre of a polemic involving Kahn and Sraffa, among others. The...
Persistent link: https://www.econbiz.de/10012761525
Spanish Abstract: La incertidumbre en sentido radical no es probabilística, pero como no hay una noción de probabilidad única esta definición general es insuficiente. El artículo presenta en forma histórica las definiciones equiprobabilista, frecuentista y bayesiana de la probabilidad y...
Persistent link: https://www.econbiz.de/10012978272
Spanish Abstract: Los artículos en este número tienen en común que abordan viejos problemas de la teoría del desarrollo, pero los tratan con herramientas modernas. Se trata de una tendencia que puede ser de utilidad, ya que las principales cuestiones relativas al (sub)desarrollo distan...
Persistent link: https://www.econbiz.de/10013022723
Spanish abstract: En este documento se propone un método para realizar revisiones sistemáticas de literatura en economía y se dan sugerencias para usar de manera óptima las revisiones de literatura en las distintas fases del proceso de investigación. La metodología propuesta parte de las...
Persistent link: https://www.econbiz.de/10013241312
Spanish Abstract: Este documento realiza una comparación entre la microeconomía y la macroeconomía, con el fin de identificar las diferencias entre estas dos áreas. Se plantea que, aunque existen diferencias de objeto y método entre las dos, estas no son fundamentales. Se sugiere que la...
Persistent link: https://www.econbiz.de/10013244340
Persistent link: https://www.econbiz.de/10010029663
Persistent link: https://www.econbiz.de/10010029777
In this paper we employ techniques from artificial intelligence such as reinforcement learning and agent based modeling as building blocks of a computational model for an economy based on convention. First we model the interaction among firms in the private sector. These firms behave in an...
Persistent link: https://www.econbiz.de/10014198998