Measuring financial sector efficiency in China: A study based on an enhanced neoclassical production function. [PDF]
Zheng C, Shan Y.
europepmc +1 more source
Disequilibrium Growth Theory: The Kaldor Model [PDF]
Disequilibrium macroeconomic theory [e.g. Clower, and Barroand Grossman] is extended to deal with capital accumulation in the long run. A growth model a la Kaldor is chosen for a frame-work.
Takatoshi Ito
core
Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation
ABSTRACT This paper addresses the factors driving economic stagnation and inequality in the US over recent decades. We study a demand‐driven model with joint adjustment of the functional distribution and capacity utilization in the short run, and explore the dynamics of wealth accumulation and labor productivity growth in the long run.
Vinicius Curti Cícero, Daniele Tavani
wiley +1 more source
Biodiversity risks and corporate innovation: Evidence from China. [PDF]
Lin Y, Song Z.
europepmc +1 more source
ABSTRACT The paper examines the financial balances of the US economy. Government is the main borrower and households and the foreign sector the main lenders. Business net lending is minimal. The balances and their underlying transactions contradict the loanable funds theory and its “global savings glut” variation.
Michalis Nikiforos, Lance Taylor
wiley +1 more source
Bank complexity and core competence of commercial banks in Vietnam: The buffer role of corporate social responsibility. [PDF]
Phung HQ +4 more
europepmc +1 more source
Output Gap Uncertainty, Sovereign Risk Premia and the Contingent Importance of the Bond Vigilantes
ABSTRACT This paper investigates the implications of output gap uncertainty for the conduct of fiscal policy using a small‐scale macroeconomic model with boundedly rational agents. Specifically, agents use an adaptive updating mechanism to approximate the unobservable potential output that suffers, similarly to the Hodrick and Prescott (1997) filter ...
Christian R. Proaño, Jonas Dix
wiley +1 more source
Principal component analysis of 3-dimensional facial soft-tissue morphology in three adult populations. [PDF]
Kau CH, Borbely P, Zhurov A, Oguntoba J.
europepmc +1 more source
Pseudo, or Not? Neo‐Goodwinian Growth Cycles With Financial Linkages
ABSTRACT A profit‐led Goodwin mechanism generates the observed counterclockwise activity–labor share cycle. Introducing a financial linkage can reproduce this pattern even when demand is not profit‐led. This paper extends neo‐Goodwinian theory by incorporating the valuation ratio into a four‐dimensional model.
Rudiger von Arnim, Luis Felipe Eick
wiley +1 more source
Is health financing converging in the European Union? Nonlinear dynamics and policy implications for non-euro area member states. [PDF]
Dritsaki M +3 more
europepmc +1 more source

