In Japan, like many other industrialized countries, output volatility declined dramatically in the 1980s. In order to investigate the cause of this decline, we decompose the variance of output growth by frequency. Our important findings are: (1) The total variance of output growth decreased,...

This paper investigates (i) what has determined the land investment behavior of Japanese firms since the latter half of the 1980s; and (ii) how the current market prices of their land assets diverge from their shadow prices (marginal values of land investment). To do so, we estimate nonlinear...

Feldstein ve Horioka (1980) yaptıkları çalışmada yurtiçi tasarruf-yatırım ve sermaye hareketleri arasındaki ilişkiyi incelemiş; uluslararası sermaye hareketliliğinin olmadığı ülkelerde yurtiçi yatırımların yurtiçi tasarruflarla finanse edileceği, uluslararası sermaye...

In Uruguay the efforts to reconstruct national historical statistics have focused on the production side (productive activitis) providing confident estimations for a very long period, since 1870. However, scarce attention has being provided to the demand components. Although some sporadic...

Investment is a key to analyze an economy’s growth, as its increase the economy productive capacity, either expanding the capital stock as incorporating new technology that makes the production process more efficient. In Uruguay, investment has substantially increased in recent years, both...

The paper reveals a few relevant dimensions of the need of adopting for, and the characteristics, role, objectives, and scope of Global standard in investment performance.

The interaction of capital stock with overlapping generations is investigated where the time structures of human capital and other physical capital does not match. We consider the economies with either gold or fiat as the outside money and consider the financing problems that appear in the...

In addition to the direct productivity effect, public capital also has an indirect effect on private capital stock and labor input. This paper offers an evaluation of both the direct and indirect effects of Chinese public capital by applying a trans-log aggregate production function including...

A tanulmány amellett érvel, hogy az egymást követő, általános célú, új technológiai paradigmát meghatározó technológiáknak nem mindegyike növeli a tőkeigényessé get. Ami az információtechnológiai forradalom inputarányokra gyakorolt hatását ille ti, egyes iparágakban...

A magyar nemzetgazdaság a kilencvenes években óriási átalakuláson ment keresztül. A válságot követő kilábalás és az új bár folyamatosan átalakuló gazdasági struktúrában meginduló dinamikus növekedés egyik fő tényezője a jelentős mértékű beruházás volt. Ez tette...