Search results
1 – 10 of over 2000Professor Shackle has long maintained both the originality of the liquidity preference theory of interest rates and its paramount importance for macroeconomics. He has argued, for…
Abstract
Professor Shackle has long maintained both the originality of the liquidity preference theory of interest rates and its paramount importance for macroeconomics. He has argued, for example, that:
Frank Harrigan, Peter G. McGregor, Kim Swales and Ya Ping Yin
Considers the treatment of openness and imperfect competition inthe influential analysis of Layard, Nickell and Jackman′s (LNJ′s) Unemployment: Macroeconomic Performance and the…
Abstract
Considers the treatment of openness and imperfect competition in the influential analysis of Layard, Nickell and Jackman′s (LNJ′s) Unemployment: Macroeconomic Performance and the Labour Market. Clarifies and completes LNJ′s treatment of openness through the provision of explicit analytical solutions to their model under fixed and flexible exchange rate regimes. Also provides a (largely informal) analysis of the sensitivity of the LNJ model′s results to the particular forms of imperfect competition assumed. It is argued that openness is crucial to the model′s properties, whereas imperfect competition is not. However, imperfect competitive behaviour may, more generally, have a major impact if it is not confined to the “well‐behaved form” allowed by LNJ.
Details
Keywords
Lukman Raimi, Lanre Ibrahim Ridwan and Rabiu Olowo
The study investigates the effects of energy resource efficiency on the triple themes of sustainable development (economic, social and environmental dimensions). We adopt a…
Abstract
The study investigates the effects of energy resource efficiency on the triple themes of sustainable development (economic, social and environmental dimensions). We adopt a quantitative research method, and the required macroeconomic data were extracted from World Development Indicators for a period of 30 years (1991–2020). The extracted data were analysed using correlation analysis and linear regression. Ultimately, the estimations from the three models produced mixed results. Energy resource efficiency (EFF) exerts a significant positive effect on economic sustainability (ECS), a significant negative effect on social sustainability (SOS) and a significant negative effect on environmental sustainability (EVS). However, claims on government (COG) exerted an insignificant negative effect on ECS, an insignificant negative effect on SOS and a significant positive effect on environmental sustainability (EVS). In practical terms, the findings are consistent with previous empirical studies, and they also validate X-efficiency theory (XET) and resource curse theory (RCT). The study concludes with implications, limitations and further research directions.
Details
Keywords
Pierre A. Balthazard and Robert W. Thatcher
Through a review of historically famous cases and a chronicle of neurotechnology development, this chapter discusses brain structure and brain function as two distinct yet…
Abstract
Through a review of historically famous cases and a chronicle of neurotechnology development, this chapter discusses brain structure and brain function as two distinct yet interrelated paths to understand the relative contributions of anatomical and physiological mechanisms to the human brain–behavior relationship. From an organizational neuroscience perspective, the chapter describes over a dozen neuroimaging technologies that are classified under four groupings: morphologic, invasive metabolic, noninvasive metabolic, and electromagnetic. We then discuss neuroimaging variables that may be useful in social science investigations, and we underscore electroencephalography as a particularly useful modality for the study of individuals and groups in organizational settings. The chapter concludes by considering emerging science and novel brain technologies for the organizational researcher as we look to the future.
Details
Keywords
In recent decades, oxytocin (OT) has been extensively studied across disciplines. Yet, the role of OT has been discussed little in the context of politics. This chapter proposes…
Abstract
In recent decades, oxytocin (OT) has been extensively studied across disciplines. Yet, the role of OT has been discussed little in the context of politics. This chapter proposes that studying the role of this hormone can enrich and advance the study of politics. The chapter reviews the previous findings on OT categorized into two sections: one that focuses on the biological mechanisms and therapeutic potentials and another that focuses on the effects on social behaviors. This review is not exhaustive but is intended to bring political scientists up to date with the progress in OT studies. Next, this chapter highlights that studying the role of OT in political context will benefit both the OT and political science literature, since there is currently a great interest in the context-dependent nature of OT. I highlight several research questions that can be answered at this intersection. Rather than waiting for other disciplines to complete unfolding the precise role of OT, students of biopolitics can make important contributions. Political science can further understand the biological underpinnings of concern for others and partisan behaviors, while OT applied to real-world settings would demonstrate how different contexts shape its effects.
Details
Keywords
P.G. McGregor, J.K. Swales and Y.P. Yin
Examines the theory of regional equilibria in the presence ofendogenous migration, where net migration flows are determined by realconsumption wage and unemployment‐rate…
Abstract
Examines the theory of regional equilibria in the presence of endogenous migration, where net migration flows are determined by real consumption wage and unemployment‐rate differentials. Provides a theoretical analysis of market clearing and steady state concepts of equilibrium and examines the impact on local demand of government expenditure. Concludes that a natural rate input‐output model applies, but that the system takes a long time to return to the equilibrium.
Details
Keywords
Vance H. Fried and Robert D. Hisrich
The venture capital industry is of vital importance to many entrepreneurial firms, as well as to those interested in economic development. Research on the venture capital industry…
Abstract
The venture capital industry is of vital importance to many entrepreneurial firms, as well as to those interested in economic development. Research on the venture capital industry generally treats it as a single, homogeneous industry. However, the industry is actually made up of a variety of sub‐groups. An understanding of these sub‐groups is important to venture capitalists, entrepreneurs, public policy makers and academics.
Vladimir Shimov, Aliaksei Bykau and Tatsiana Khvalko
The analysis of the main stages of the Belarusian economy's development from 2000 to 2018 has been carried out, the main factors and limitations of economic growth considered. The…
Abstract
The analysis of the main stages of the Belarusian economy's development from 2000 to 2018 has been carried out, the main factors and limitations of economic growth considered. The known models of economic growth applied to the Belarusian economy are shown. It is grounded that the correct use of endogenous growth models based on production functions is hampered by the significant influence of exogenous factors on the Belarusian economy, and it is more preferable to use models based on the balance of payments under these conditions. The methodology for modeling the balanced economic growth based on Input–Output tables' data is proposed, the results of its use are shown. Three scenarios for the growth of the Belarusian economy until 2025 are analyzed: baseline, adverse, and target; the desired structural changes are identified for the implementation of the target scenario.
Details