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This paper proposes a model for optimizing the duration of transition under the assumption that the government main goal is to minimize the social cost of reforms. At the beginning of transition there are two main sectors in the economy: an old technology sector - mainly the public one - where...
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zeitgenössischen Wirtschaftswissenschaften spielen können. Wir untersuchen diese Frage am Beispiel der gegenwärtigen Finanzkrise. Nach … einer kurzen Beschreibung der Entstehung der Finanzkrise (Abschnitt 2) und einer Klärung des Begriffes Krise" (Abschnitt 3 …), erläutern wir ausführlich die Ursachen für die gegenwärtige Finanzkrise (Abschnitt 4), wobei auch kapitaltheoretische …
Persistent link: https://www.econbiz.de/10003874794
The inventory/cost ratio is a measure of the time to produce and distribute goods ("time to produce") and, therefore, an important determinant of working capital demand. In the aftermath of emerging market crises, manufacturing industries with higher inventory/cost ratios experienced a larger...
Persistent link: https://www.econbiz.de/10013096505
In the General Theory, Keynes remarked that the economy's state depends on expectations, and that these expectations … account for demand or supply collapses due to abrupt drops in consumer confidence, which affect both consumption propensity …
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pollution that lead to fluctuations in subsidy allocations: Firms in cities where weather-driven subsidy uncertainty is high …
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A popular interpretation of the Rational Expectations/Efficient Markets hypothesis states that, if it holds, market valuations must follow a random walk; hence, the hypothesis is frequently criticized on the basis of empirical evidence against such a prediction. Yet this reasoning incurs what we...
Persistent link: https://www.econbiz.de/10009663233
The paper discusses core characteristics of consumer and companies' behavior in Bulgaria after 2008. It analyzes the changes in the structure of economic growth in the country, income sources and the model of individual consumption of households, as well as the behavior of companies and their...
Persistent link: https://www.econbiz.de/10012984324