Halicioglu, F., (2004), “Defense spending and economic growth in Turkey: An empirical application of new macroeconomic theory”, Review of Middle East Economics and Finance, 2: 193-201. Hirnissa. M. T, Habibullah. M. Z and Baharom. A. H, (2009), “Military expenditure and economic...
That's also a testing of the theory. We have a basic theory, we have a rationality theory, and then we want to we want to find out, we want to find some some of the evidence that help to test whether these theories apply or not. That's the first expect. First, i'm gonna give...
This article outlines the importance of the evolving study of the gendered impacts of economic globalization, the current issues regarding research, theory, and methodology, and likely future directions. Show moreView chapter Reference work 2001, International Encyclopedia of the Social & Behavioral ...
The crowding out effect theory suggests that rising public sector spending drives down private sector spending. To spend more, the government needs more revenue, which it gets through higher taxes and/or sales of Treasuries. This can reduce private sector income and loan demand, thus decreasing sp...
economic theory of contracts. They are science-independent in that they are not created by acts of economic theorizing. Facts about such contracts are constituted by the beliefs and performative speech acts by the contracting parties, but they are not constituted (let alone “performed”) by acts...
Understanding the Assumptions of Economists Each economic theory comes with its own set of assumptions that are made to explain how and why an economy functions. Those who favorclassical economicsassume that the economy is self-regulating and that any needs in an economy will be met by participant...
but China's academics have yet to provide a convincing response to these criticisms, and this may be due to the fact that China has yet to develop its own cohesive theory of economic diplomacy. Finally, China's economic diplomacy under the BRI has yet to be recognized by the international ...
The results also imply that the standard recursive VAR model systematically underestimates the adverse effect of government spending policy uncertainty. I also discuss the advantages and disadvantages of the proxy VAR versus the sign restriction VAR....
Criticisms of Monetary Theory Not everyone agrees that boosting the amount of money in circulation is wise. Some economists warn that such behavior can lead to a lack of discipline and, if not managed properly, cause inflation to spike, eroding the value of savings, triggering uncertainty, and ...
We maintain tariffs at 2024 levels in this scenario, working on the theory that the new administration is primarily interested in using tariffs as a negotiating tactic to extract concessions from trading partners. Likewise, deportations under the current administration continue at a similar pace as ...