Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Elasticity Of Substitution Small Enterprises And Economic Growth
Download Elasticity Of Substitution Small Enterprises And Economic Growth full books in PDF, epub, and Kindle. Read online Elasticity Of Substitution Small Enterprises And Economic Growth ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Elasticity of Substitution, Small Enterprises and Economic Growth by : Matteo Aquilina
Download or read book Elasticity of Substitution, Small Enterprises and Economic Growth written by Matteo Aquilina and published by . This book was released on 2017 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper extends the Lucas (1978) model of firm formation by taking into account a normalised CES function in the production process. In a general equilibrium framework it is proved that there is an inverse relation between the value of the elasticity of substitution and average firm size. This relation is also valid, under fairly general assumptions, in steady state. If interpreted together with the fact richer countries are characterised by a higher elasticity of substitution this result can explain why the recent literature finds a positive association between the importance of SMEs in an economy and its stage of development but seems to fail in finding causality between the two. They have a common origin: a high value of the elasticity of substitution. The paper also provides a first empirical test of the theory proposed using econometric techniques.
Book Synopsis Technical Change, Variable Elasticity of Substitution and Economic Growth by : Sharmila Gamlath
Download or read book Technical Change, Variable Elasticity of Substitution and Economic Growth written by Sharmila Gamlath and published by . This book was released on 2015 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: We incorporate a variable elasticity of substitution production function into an overlapping generations model à la Diamond (1965). We show that a certain parameter in the production function is a source of biased technical change is a crucial determinant of the economy's growth dynamics. For positive values of this parameter, which lead to an elasticity of substitution between capital and labour which is greater than 1, the economy always reaches a unique and stable steady state which is similar to the conditional convergence in the standard Solow growth model. For negative values of this parameter, which yield an elasticity of substitution below 1, the economy could either fall into a poverty trap; or display two steady states, of which one is stable while the other is not, which could, depending on the value of the initial capital stock, potentially result in divergence towards unbounded growth. These different outcomes are consistent with the observed diversity in international growth experiences. The capital biased technical change generated by a higher value of this parameter improves productivity in steady state, but causes an exacerbation of intergenerational inequality.
Book Synopsis Elasticities of Substitution in Real Business Cycle Models with Home Production by : John Y. Campbell
Download or read book Elasticities of Substitution in Real Business Cycle Models with Home Production written by John Y. Campbell and published by . This book was released on 1998 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper constructs a simple model of home production that demonstrates the connection between the intertemporal elasticity of substitution in market consumption (IES) and the static elasticity of substitution between home and market consumption (SES), when the utility function is additively separable over home and market consumption. Understanding this connection is important because there is a large body of empirical evidence suggesting that the IES is small, but little evidence on the size of the SES. We use our framework to shed light on the properties of a home production model with a low IES. We find that such a model must have two fundamental properties in order to match key aspects of the U.S. aggregate data. First, the steady-state growth rate of technology must be the same across sectors. Second, shocks to technology must be sufficiently positively correlated across sectors.
Book Synopsis Distributional Effects of Growth and the Elasticity of Substitution by : Marianne Saam
Download or read book Distributional Effects of Growth and the Elasticity of Substitution written by Marianne Saam and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reforms that promote economic growth have also an impact on the distribution of capital and income. I consider the effect of a rise in the elasticity of substitution between capital and labor and understand it as liberalization. To evaluate its effects, the normalized CES functions by Klump and de La Grandville (2000) are introduced. A rise in the elasticity of substitution may have an immediate impact on wages. Dynamic effects are studied in the Ramsey model with heterogenous agents by Caselli and Ventura (2000). The existence of a trade-off between growth and equality in liberalizing the economy depends crucially on the choice of the point of normalization. Inequality tends to increase, if an initially low economic flexibility is combined with a high share of capital income, high risk aversion or a wage rate close to the subsistence level. While inequality in a liberalized economy may be higher in the long-term, increases in absolute poverty are compensated quickly.
Book Synopsis Economic Growth by : Olivier de la Grandville
Download or read book Economic Growth written by Olivier de la Grandville and published by Cambridge University Press. This book was released on 2009-06-25 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fascinating introduction to the theory of economic growth that unifies the descriptive and normative strands of growth theory.
Book Synopsis Ex Ante and Ex Post Substitutability in Economic Growth by : Nancy May Gordon
Download or read book Ex Ante and Ex Post Substitutability in Economic Growth written by Nancy May Gordon and published by . This book was released on 1970 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Small Manufacturing Enterprises by : Ian Malcolm David Little
Download or read book Small Manufacturing Enterprises written by Ian Malcolm David Little and published by World Bank Research Publicatio. This book was released on 1987 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: India is the only developing country with an extensive set of policies designed to promote and protect small enterprises. By examining Indian small enterprise development and policy in an international context, this book provides lessons for industrial policy in developing economies. The authors draw on data from new and intensive surveys of several industries in India and other countries to elucidate the relative advantages of large and small units, especially with regard to the efficiency of labor and capital use. Concluding that modern small enterprises are not reliably more labor-intensive than larger enterprises, and often use capital and labor less efficiently, they present a plan of policy reform that advocates promotion of agriculture and industrial equality in achieving adequate demand for labor.
Book Synopsis The Theory of Technological Change and Economic Growth by : Dr Stanislaw Gomulka
Download or read book The Theory of Technological Change and Economic Growth written by Dr Stanislaw Gomulka and published by Routledge. This book was released on 2006-12-05 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this wide ranging exposition of the various economic theories of technological change, Stanislaw Gomulka relates them to rates of growth experienced by different economies in both the short and the long term. Analysis of countries as diverse as Japan, the Soviet Union and the United Kingdom demonstrates that there is an interdependence between technological change and the institutional and cultural characteristics of different countries, which can have a profound effect on their rates of growth. All of the major, relevant models are discussed, including those of Kuznets and Phelps, but throughout the emphasis is on the creation of a unified theoretical framework to help explain the impact of technological progress on both a micro and a macro scale.
Book Synopsis What is the Impact of Increased Business Competition? by : Sónia Félix
Download or read book What is the Impact of Increased Business Competition? written by Sónia Félix and published by International Monetary Fund. This book was released on 2019-12-13 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the macroeconomic effect and underlying firm-level transmission channels of a reduction in business entry costs. We provide novel evidence on the response of firms' entry, exit, and employment decisions. To do so, we use as a natural experiment a reform in Portugal that reduced entry time and costs. Using the staggered implementation of the policy across the Portuguese municipalities, we find that the reform increased local entry and employment by, respectively, 25% and 4.8% per year in its first four years of implementation. Moreover, around 60% of the increase in employment came from incumbent firms expanding their size, with most of the rise occurring among the most productive firms. Standard models of firm dynamics, which assume a constant elasticity of substitution, are inconsistent with the expansionary and heterogeneous response across incumbent firms. We show that in a model with heterogeneous firms and variable markups the most productive firms face a lower demand elasticity and expand their employment in response to increased entry.
Book Synopsis Factor Endowment, Structural Coherence, and Economic Growth by : Ms.Natasha Xingyuan Che
Download or read book Factor Endowment, Structural Coherence, and Economic Growth written by Ms.Natasha Xingyuan Che and published by International Monetary Fund. This book was released on 2012-06-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the linkage between structural coherence and economic growth. Structural coherence is defined as the degree that a country's industrial structure optimally reflects its factor endowment fundamentals. The paper found that at least for the overall capital, the shares of capital intensive industries were significantly bigger with higher initial capital endowment and faster capital accumulation. Moreover, there is a positive relationship between a country's aggregate output growth and the degree of structural coherence. Quantitatively, the structural coherence with respect to the overall capital explains about 30% of the growth differential among sample countries.
Book Synopsis Bayesian Econometrics by : Mauro Bernardi
Download or read book Bayesian Econometrics written by Mauro Bernardi and published by MDPI. This book was released on 2020-12-28 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the advent of Markov chain Monte Carlo (MCMC) methods in the early 1990s, Bayesian methods have been proposed for a large and growing number of applications. One of the main advantages of Bayesian inference is the ability to deal with many different sources of uncertainty, including data, models, parameters and parameter restriction uncertainties, in a unified and coherent framework. This book contributes to this literature by collecting a set of carefully evaluated contributions that are grouped amongst two topics in financial economics. The first three papers refer to macro-finance issues for real economy, including the elasticity of factor substitution (ES) in the Cobb–Douglas production function, the effects of government public spending components, and quantitative easing, monetary policy and economics. The last three contributions focus on cryptocurrency and stock market predictability. All arguments are central ingredients in the current economic discussion and their importance has only been further emphasized by the COVID-19 crisis.
Book Synopsis The Elasticity of Substitution and Endogenous Growth by : Hing Man Leung
Download or read book The Elasticity of Substitution and Endogenous Growth written by Hing Man Leung and published by . This book was released on 2003 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investigates the impact of the elasticity of substitution on ecoomic growth.
Book Synopsis A Thesis on the Rationales of Import Substitution Industrialization Strategy by : Hong Liang
Download or read book A Thesis on the Rationales of Import Substitution Industrialization Strategy written by Hong Liang and published by Universal-Publishers. This book was released on 1997-10 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this research paper is to try to clarify and evaluate the major issues and arguments in the debate on Import Substitution Industrialization Strategy (ISI) between the neoclassical economists and the development economists. In particular, it will focus on some basic underlying models employed by the two schools of thought, rather than on specific policy recommendations given by either school. It will conclude that the critiques against ISI from the neoclassical economists are based on a static equilibrium model, which can not fully comprehend the dynamic relationship between growth and ISI at a macroeconomic level. This paper starts by examining the historical background and formative influences of ISI, then goes on to compare and contrast the structuralist rationales for ISI and neoclassical rationales against it. The conclusion I reached is that the fundamental rationales behind ISI-- the infant industry argument, external economies and linkages effects--remain intellectually valid. The issue of terms of trade has important relevance to development economics but should be studied in a different context. The general conclusion of this paper is that import substitution as an industrialization strategy remains viable and may be of great importance or less developed countries that want to catch up economically with industrialized countries.
Book Synopsis China's Economic Growth and Transition by : Clement Allan Tisdell
Download or read book China's Economic Growth and Transition written by Clement Allan Tisdell and published by Nova Publishers. This book was released on 1997 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains updated papers from an international conference held in Brisbane, Australia, centering on China's economic reforms and economic growth, regional issues and property rights in China, environmental issues and land use, and science and technology policies. Specific topics include China's market reforms and its new forms of scientific and business alliances, sustainable land use in the Three-Gorges area, and inter-village income inequality in China. Annotation copyrighted by Book News, Inc., Portland, OR
Book Synopsis Fiscal Systems by : Richard Abel Musgrave
Download or read book Fiscal Systems written by Richard Abel Musgrave and published by Praeger Pub Text. This book was released on 1981 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Palgrave Handbook of International Trade by : David Greenaway
Download or read book Palgrave Handbook of International Trade written by David Greenaway and published by Springer. This book was released on 2016-11-09 with total page 727 pages. Available in PDF, EPUB and Kindle. Book excerpt: International trade is the core foundation of globalisation. This current and up-to-date volume brings together the finest academics working in the field today, containing contributions in key areas of policy research, such as, modelling frameworks, trade policy, trade and migration, trade and the environment, trade and unemployment.
Book Synopsis Technical Change and Economic Growth by : George M. Korres
Download or read book Technical Change and Economic Growth written by George M. Korres and published by Routledge. This book was released on 2016-12-05 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technological change is not only a determinant of growth but is also a pivotal factor in international competition and the modernization of an economy. In one of the most in-depth and detailed studies of its kind, George Korres analyzes the macroeconomic and the microeconomic factors influencing the economics of innovation and the economic relations between technology, innovation, knowledge and productivity. In particular, this book examines both the theoretical framework and the applications for empirical results. This second edition contributes updated figures and estimations for technical change from EU member states and features new subjects, including growth models, productivity models, production function models and non-parametric models. In one of the most in-depth and detailed studies of its kind, this book captures all the existing contemporary techniques in the theoretical fields as well as the empirical applications of the models.
