A market economy is defined as a system where the production of goods and services are set according to the changing desires and abilities of the market players. It allows the market to operate freely in accordance with the law of supply and demand, set by individuals and corporations, as op...
In economics, a positive statement is one that attempts to assess an objective reality without making a value judgment. For example, a study on rental costs would be an example of positive economics. A study that claims that the rent is too high is an example of normative economics. What I...
Profit motive is thought to be one of the main drivers behind economic activity.Economistshave often tried to figure out why people do the things that they do. Some answers point to simple survival. In most situations, people need some form ofincometo pay for the necessities of life. But w...
Department of EconomicsElsevier B.V.Emerging Markets ReviewJayasuriya, S., 2005. Stock market liberalization and volatility in the presence of favorable market characteristics and institutions. Emerging Market Review, 6, 2, pp. 170-191.Jayasuriya S. (2005). "Stock Market Liberalization and ...
A five-factor model directed at capturing the size, value, profitability, and investment patterns in average stock returns performs better than the three-f... EF Fama,KR French - 《Journal of Financial Economics》 被引量: 1755发表: 2014年 The relationship between earnings' yield, market value...
6. INNOVATIVE MARKET ECONOMY Still in the primary stage of socialism, China has adopted a basic economic system with public ownership playing a dominant role and diverse forms of ownership developing side by side. This allows the vitality of the public sector, especially state-owned enterprises, ...
The dealer, the money manager and the corporate treasurer, therefore, all need to have some knowledge of such peculiarities to see if one market is better suited than another to a particular transaction since that which can be undertaken in one centre may not be possible in another. Major ...
2. Manufacturing Industry in China and South Korea 2.1. Manufacturing Industry in China China, the largest emerging market [18] is in the catching-up stage and is experiencing a rapid increase in R&D intensity. The manufacturing industry is the main body and pillar of China’s economy [19,20...
The fluctuations of real business cycle or price level will affect the speculation in the oil market, thus causing the rise or fall of oil prices [22,23]. With the enhancement of crude oil financialization, the fluctuation of crude oil prices is increasingly impacted by the fluctuation of the...