Part II of this book focuses on financial markets, markets in which funds are trans-
ferred from people who have an excess of available funds to people who have a short-
age. Financial markets such as bond and stock markets are crucial to promoting
greater economic efficiency by channeling funds from people who do not have a pro-
ductive use for them to those who do. Indeed, well-functioning financial markets are
a key factor in producing high economic growth, and poorly performing financial
markets are one reason that many countries in the world remain desperately poor.
This is the eighth book of the papers I have collected, on a fairly narrow range of topics in economics - international economy, questions of international finance, financial history and history economic (including some specialized topics such as multinational corporations and the Marshall Plan).
This is the eighth book of my collected papers, each on a fairly narrow range of topics within economics
— international economics, international financial questions, financial history and economic history
(including some specialized topics such as the multinational corporation and the Marshall Plan). The
exercise has strong overtones of narcissism, which makes me uneasy, but may serve a useful purpose
in assembling in convenient locations work that would otherwise remain scattered and in part lost (as
perhaps it should be).
The purpose of this guide is to explain in simple terms, the twenty economic
indicators followed by most investors and analysts. The next time you hear these
terms in the media and or financial press, you can use the information in this guide
to evaluate their potential effect on the economy and ultimately your portfolio.
Tài liệu về kinh tế học pháp luật. Tài liệu bằng tiếng Anh, mời các bạn cùng tham khảo. Economic analysis of law usually proceeds under the assumptions of neoclassical
economics. But empirical evidence gives much reason to doubt these
assumptions; people exhibit bounded rationality, bounded self-interest, and
bounded willpower. This article offers a broad vision of how law and economics
analysis may be improved by increased attention to insights about actual
Foreign direct investment may improve productivity through technology
transfer on the one hand, and it may also have other positive external effects through
corporate linkages (e.g. market access, or improved terms of financing) on the other
hand, thus promoting economic growth. These beneficial effects are not automatic,
though. Until the mid-nineties Hungary had played a leading role within the region
in attracting investments. After 1999, however, the country started accumulating
increasing competitive disadvantages as compared to its competitors.
ABSTRACT. Scholars have long suspected that political processes such as democracy and corruption are important factors in determining economic growth. Studies show, however, that democracy has only indirect effects on growth, while corruption is generally accepted by scholars as having a direct and negative impact on economic perfor-mance.
Despite a sizeable theoretical and empirical literature, no firm conclusions have been drawn
regarding the impact of political democracy on economic growth. This paper challenges the
consensus of an inconclusive relationship with a meta-analytic review and a quantitative
assessment of the democracy-growth literature.
Few branches of economics have wielded as much influence on the world of policy as development economics. Virtually every major development strategy of the last 50 years is associated with some pioneering research that provided its intellectual underpinnings. Consider some of the key milestones. The dominant import substitution policies of the 1950s and 1960s were the practical realization of the ideas of Prebisch (1959) and Singer (1964) and were based on the famous Prebisch-Singer thesis on the declining terms of trade for primary products and the dynamic benefits of manufacturing. ...
DOES THE SENSORY ORDER HAVE A USEFUL ECONOMIC FUTURE? Cognition and psychology have become central issues in economics. While this interest represents a radical change in economic theory, it does have a useful history that we believe is only partially recognized by contemporary economists
Does democracy hurt or help economic performance? There are few questions in political economy that have attracted more attention over the years. Thinking on this subject, in one form or another, goes all the way back to Plato—who favored aristocracy to democracy, and has preoccupied many of the most fertile minds in political philosophy. More recently, with the
advent of cross-national data sources and statistical techniques, there have been numerous econometric studies investigating the relationship between political liberties and economic growth......
Levine explains what the financial system does and how it affects, and is affected by, economic growth. Theory suggests that financial instruments, markets, and institutions arise to mitigate the effects of information and transaction costs. A growing literature shows that differences in how well financial systems reduce information and transaction costs influence savings rates, investment decisions, technological innovation, and long-run growth rates. A less developed theoretical literature shows how changes in economic activity can influence financial systems.
Stock Markets, Banks, and Economic Growth Ross Levine; Sara Zervos The American Economic Review, Vol. 88, No. 3. (Jun., 1998), pp. 537-558.
Stable URL: http://links.jstor.org/sici?sici=0002-8282%28199806%2988%3A3%3C537%3ASMBAEG%3E2.0.CO%3B2-9 The American Economic Review is currently published by American Economic Association.
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html.
The bond market has a crystal ball that the equity market should take a look at:
the yield curve. The events of this past year have once again proven the value of
using the yield curve as a predictor of future economic and financial events.
For investors that heeded the warnings inherent in the yield curve at the start of
last year, they are now sitting on a pot of gold. For everyone else, well, they are
looking at their stocks like a deer at headlights.
Environment and Ecological Economics present on: Climate Economics, Economics, Sustainability, and Democracy, Planetary Economics, The Economics of Climate Change and the Change of Climate in Economics, Peak Oil, Climate Change, and the Limits to China Economic Growth,...
The present volume deals with various practical problems in economics,
as a volume published a year earlier dealt with the broader economic
principles of value and distribution. To the student beginning
economics and to the general reader the study of principles is likely
to appear more difficult than does that of concrete questions. In
fact, the difficulty of the latter, tho less obvious, is equally
Large expenses associated with rice production and dependence on energy related inputs like fuel and fertilizer in particular compel rice producers to use management practices that are input efficient and result in least cost. This study uses data envelopment analysis (DEA) to calculate technical efficiency (TE), allocative efficiency (AE), and economic efficiency (EE) for rice production in Arkansas at the field level using data from 137 fields enrolled in the University of Arkansas, Rice Research Verification Program (RRVP) from 2005 to 2011.
The audit work required for a live application review
is very similar to that undertaken for a system under
development with one main exception. When
auditing an application under development, there is
little opportunity for detailed audit testing. Audit
work will focus on evaluating the adequacy of
security and control using discussion and a review of
technical documentation. The testing phase of the
project may allow some scope for control testing, but
this is artificial.
Most people work in order to earn their living.
They produce goods and services.
Goods are either produced on farms, like maize and milk, or
in factories, like cars and paper.
Services are provided by such things as schools, hospitals
Some people provide goods; some provide services.
Other people provide both goods and services.
For example, in the same garage, a man may buy a car, or he
may buy some service which helps him to maintain his car.