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Neoclassical Growth Theory and Heterodox Growth Theory: Opportunities For and Obstacles To Greater Engagement [PDF]
This paper explores the possibilities for and likely impediments to greater engagement between neoclassical and heterodox growth theorists. Simple structural models are used to identify the essential “mechanics” of the growth process in both the ...
Mark Setterfield
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Neoclassical Theory of Elementary Charges with Spin of 1/2
, 2014 We advance here our neoclassical theory of elementary charges by integrating into it the concept of spin of 1/2. The developed spinorial version of our theory has many important features identical to those of the Dirac theory such as the gyromagnetic ...
Alexander Figotin +10 more
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European Management Review, EarlyView.Abstract This study aims to investigate the impact of lockdown and vaccination policies on business confidence in Europe, offering insights for future pandemic responses. Our research confirms that vaccination significantly boosts business confidence and mitigates the negative effects of lockdowns.
Minh Phuoc‐Bao Tran +2 more
wiley +1 more source
Economic Development from the Perspective of Evolutionary Economic Theory [PDF]
The purpose of the article is to discuss the differences between the evolutionary economic theory and the neoclassical theory from the appreciative viewpoint that aims to capture the basics of what actually is going on, leaving aside formal mathematical ...
Richard R. Nelson
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Financial Accountability &Management, EarlyView.ABSTRACT To be resilient, governments must quickly adapt their policies and working methods to new and uncertain situations. This article examines whether risk disclosure, as part of the anticipatory capacities of these organizations, can help identify and mitigate vulnerabilities.
Ekaterina Svetlova +2 more
wiley +1 more source
Economics of Productive Consumption as an Off shoot of Main Currents of Economic Theory [PDF]
ACTA VŠFS, 2019 This article presents economics of productive consumption (EPC) as a relatively new and forward-looking trend in economic theory that reacts to the modern expansion in services associated with the acquisition, retention, and application of human ...
Radim Valenčík, Petr Wawrosz
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The Behavioral Life-Cycle Theory Of Consumer Behavior: Survey Evidence [PDF]
We find that survey evidence on faculty pay-cycle choice strongly contradicts the neoclassical theory of consumer behavior. It is more favorable to the behavioral life-cycle theory of Shefrin and Thaler (1988).behavioral life-cycle theory, consumer ...
Alan G. Isaac, Fred Graham
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Financial Management, EarlyView.ABSTRACT We examine how mergers and acquisitions (M&As) enable firms to adapt to climate policy shocks. Exploiting the adoption of the Nitrogen Oxides (NOx) Budget Trading Program (NBP) across US states as an exogenous shock, we find that firms with NOx‐emitting plants subject to the NBP are more likely to engage in M&As, particularly through vertical ...
Samer Adra +3 more
wiley +1 more source
UNCERTAINTY IN NEOCLASSICAL AND KEYNESIAN THEORETICAL APPROACHES: A BEHAVIOURAL PERSPECTIVE [PDF]
CES Working Papers, 2015 The ”mainstream” neoclassical assumptions about human economic behavior are currently challenged by both behavioural researches on human behaviour and other theoretical approaches which, in the context of the recent economic and financial crisis find ...
Sinziana BALTATESCU
doaj
Costly financial intermediation in neoclassical growth theory [PDF]
The neoclassical growth model is extended to include costly intermediated borrowing and lending between households. This is an important extension as substantial resources are used in intermediating the large amount of borrowing and lending between ...
Edward C. Prescott +2 more
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