Things had been so good for so long that some mainstream economists claimed the standard model of the business cycle was obsolete, a statement made by an MIT economist in 1969 just before the advent of the worldwide recession of the early 1970s.
The paper posits that this signifies a change from the absolutist politics of Keynesian economics, while incorporating those and other economic theories through history.
Egypt has attempted to attract since 1974 and has offered generous incentives to achieve this target, motivated by low domestic accompanied by inefficient financial intermediation and the opportunity to benefit from the direct and indirect effects of FDI on increasing . This is especially important given a chronic that the Egyptian economy suffers from. This paper extensively assess empirically the effect of FDI and argue about the importance of studying FDI at the most disaggregated possible level, since they are not homogeneous in their effects.
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Mills, A., and K. Lee, Editors. Health Economics Research in Developing Countries. Oxford, England; New York, NY: Oxford University Press, 1993.
Other papers available at the Economics Web Institute in separate pages, for instance evolutionary economics downloadable papers are
The economys long and steady sustained growth over the last seven years has enabled these businesses of questionable credit ratings to prosper along with those with better credit standings, and few junk issuers are having any trouble making their payments.
and present in this paper a few fundamental elements of a new perspective in economics, stressing complex time structures and co-ordination issues in , production, .
This paper counts the ways in which Charlie is about to violate several of the points of the code of ethics of the Association for Investment Management and Research (AIMR).
This paper will define such terms as economics, microeconomics, the law of supply, the law of demand, and identify the factors that lead to a change in supply and a change in demand....
When somebody knows more than somebody else. Such asymmetric information can make it difficult for the two people to do business together, which is why economists, especially those practising , are interested in it. Transactions involving asymmetric (or private) information are everywhere. A government selling broadcasting licences does not know what buyers are prepared to pay for them; a lender does not know how likely a borrower is to repay; a used-car seller knows more about the quality of the car being sold than do potential buyers. This kind of asymmetry can distort people's incentives and result in significant inefficiencies.
Rosett, R.N., Editor. The Role of Health Insurance in the Health Services Sector: A Conference of the Universities-National Bureau Committee for Economic Research. New York, NY: National Bureau of Economic Research, 1976.
A sound example of vibrant and innovative economy, Ghana offers a great institutional richness of microfinance institutions, as explained in this paper. Outlining the challenges, a Central Bank insider calls for further improvements in the organization of the sector.
Still quite useful as a model, this paper discusses how current events during the last quarters of 1995 led the Federal Reserve to push interest rates up higher and increase inflation -- despite warnings from economists to do otherwise.
Macroeconomics focuses on shifts in the business cycle, and the implications of these movements in economic growth, inflation, recession, productivity, budget deficits, trade deficits, and the value of our currency.