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Longrun Dynamics

Longrun Dynamics
Author: G. Snooks
Publisher: Springer
Total Pages: 291
Release: 1998-04-08
Genre: Business & Economics
ISBN: 0230599397

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Longrun Dynamics is a ground-breaking work that begins where the author's Economics without Time (1993) left off. It employs the inductive method proposed by J.S.Mill to develop a general dynamic theory that integrates the separate disciplines of economic growth, economic fluctuations, and political decision-making. The central feature of this general theory is dynamic demand, which provides both a realist form for the model and a new explanation of macroeconomics variables. The general theory also provides an entirely new basis for policy and is designed to counter the influence of neo-liberalism in economic theory.


Theory of Economic Dynamics

Theory of Economic Dynamics
Author: Michal Kalecki
Publisher:
Total Pages: 180
Release: 2009
Genre: Business cycles
ISBN: 9781583677254

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Dynamic Forces in Capitalist Development

Dynamic Forces in Capitalist Development
Author: Angus Maddison
Publisher: Oxford University Press, USA
Total Pages: 398
Release: 1991
Genre: Business & Economics
ISBN:

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An analysis of the nature of growth in 16 advanced capitalist countries which together account for half of world GDP, using a standardized framework of comparative growth accounts. The author identifies the causal factors reponsible for the unprecedented growth in these countries since 1820.


How Long is the Long Run? A Dynamic Analysis of the Spanish Business Cycle

How Long is the Long Run? A Dynamic Analysis of the Spanish Business Cycle
Author: Ms.Stefania Fabrizio
Publisher: International Monetary Fund
Total Pages: 32
Release: 1997-06-01
Genre: Business & Economics
ISBN: 1451849559

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This paper studies the sources of Spanish business cycles. It assumes that Spanish output is affected by two types of shocks. The first one has permanent long-run effects on output and it is identified as a supply shock. The second one has only transitory effects on output and it is identified as a demand shock. Spain seems to have long business cycles, of about 15 years. As restrictive demand policies to control the inflation rate could prove painful and disappointing, supply side policies aimed at reducing rigidities in the product and labor market would be a better way to achieve the same objective.


Long-Run Exchange Rate Dynamics

Long-Run Exchange Rate Dynamics
Author: Mr.Karl Friedrich Habermeier
Publisher: International Monetary Fund
Total Pages: 26
Release: 1999-04-01
Genre: Business & Economics
ISBN: 1451846959

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Long-run movements of real exchange rates are studied using a panel data set comprising 51 economies. The purchasing power parity hypothesis (PPP) is examined first using unit root tests. It is found that PPP does not hold for the full sample of countries, but it may hold for the advanced economies, as well as open and high-inflation economies. Using the recently developed mean group and pooled mean group estimators, the paper finds support for the Balassa-Samuelson hypothesis in both advanced and developing economies; and for the influence of shifts in the terms of trade.


Long-run Full Dynamics

Long-run Full Dynamics
Author: Hans Brems
Publisher:
Total Pages: 58
Release: 1982
Genre: Economics
ISBN:

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Models of a Man

Models of a Man
Author: Mie Augier
Publisher: MIT Press
Total Pages: 596
Release: 2004-03-26
Genre: Computers
ISBN: 9780262012089

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Essays that pay tribute to the wide-ranging influence of the late Herbert Simon, by friends and colleagues. Herbert Simon (1916-2001), in the course of a long and distinguished career in the social and behavioral sciences, made lasting contributions to many disciplines, including economics, psychology, computer science, and artificial intelligence. In 1978 he was awarded the Nobel Prize in economics for his research into the decision-making process within economic organizations. His well-known book The Sciences of the Artificial addresses the implications of the decision-making and problem-solving processes for the social sciences. This book (the title is a variation on the title of Simon's autobiography, Models of My Life) is a collection of short essays, all original, by colleagues from many fields who felt Simon's influence and mourn his loss. Mixing reminiscence and analysis, the book represents "a small acknowledgment of a large debt." Each of the more than forty contributors was asked to write about the one work by Simon that he or she had found most influential. The editors then grouped the essays into four sections: "Modeling Man," "Organizations and Administration," "Modeling Systems," and "Minds and Machines." The contributors include such prominent figures as Kenneth Arrow, William Baumol, William Cooper, Gerd Gigerenzer, Daniel Kahneman, David Klahr, Franco Modigliani, Paul Samuelson, and Vernon Smith. Although they consider topics as disparate as "Is Bounded Rationality Unboundedly Rational?" and "Personal Recollections from 15 Years of Monthly Meetings," each essay is a testament to the legacy of Herbert Simon—to see the unity rather than the divergences among disciplines.