Directory UMM :Data Elmu:jurnal:S:Structural Change and Economic Dynamics:Vol12.Issue1.Mar2001:
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A different approach was followed by Wolff and Nadiri (1993), who used as their measure of embodied technical change a weighted average of the TFP growth of supplying industries,
in the relative weights of significant components of systems (Ishikawa, 1987; Pasinetti and Scazzieri, 1987). All rights reserved.. Smith gives two different kinds of illustrations
Currently, the process of economic development is at risk because the nature of global institutions for short term capital flows is robbing developing countries of their
The addressed forms are, relations among human beings are reduced to relations of equivalents; economic rationality is reduced to rational choice; the category of happiness is
Asset return uncertainty gives rise to an additional term in the Euler equation, which by introducing a role for current cash-in- hand, may work in the opposite direction to
Turning to the results themselves, in the case of the incoming strong policy- maker, the process of learning is costly relative to the base case; not being able to simply announce a
(17) } (19) we can conclude that the long-run supply of livestock and the long-run demand for manure applied on the " eld rise with an increase in the social discount rate or
In area Q, it is the case that α >1 and that the efficiency loss is increasing in this parameter; this is consistent with Lien’s result — making an unfair contest even more
