Equity:Exposure to the long-term economic growth and profitability of companies. Interest Rates:Exposure to the time value of money (interest rates and inflation risk). Credit:Exposure to corporate default and failure-to-pay risks specific to developed market corporate bonds. ...
This paper shows that (1) in the Heckscher-Ohlin type of the two-factor, two-commodity model, a transformation curve is actually very close to a negatively sloped-straight line whether factor market distortions exist or not, (2) factor market distortions will decrease the economic welfare not ...
This is how specialization and trade allow the world economy to exploit increasing returns to scale and therefore benefit from a larger market size. By adopting these patterns of specialization and trade, the world economy is able to reap all the benefits of economic integration without any factor...
The Internet as a GPT : Factor Market Implications 来自 Semantic Scholar 喜欢 0 阅读量: 571 作者: Harris, R-G 摘要: The concept of a General Purpose Technology, or GPT, is subject to a variety of interpretations. Innovations in communications technology such as the Internet, in particular...
The theory implies that the impact of relative factor scarcity on the pattern of technological choice in such an economy is similar to that in a market economy as postulated by the Hicks‐Ruttan‐Hayami‐Binswanger hypothesis of induced technological change. The empirical evidence is found to be ...
The GDP, or gross domestic product, measures the market value of goods and services created over a predetermined time frame. Think of it as a view of the productivity of the economy (domestic or global) at a given point in time. Macroeconomists usually use real GDP -- this measurement ref...
economic activity means putting goods or services on a market. It is not necessary to make a profit to be engaged in economic activity: if others in the market offer the same good or service, it is an economic activity. Generation Business means the licensed business (if any) of the Licen...
economic performance in terms of financial responsibility to maximize the benefits for shareholders, suppliers and employees, but also actively fulfill our responsibilities to government, society and the environment in order to gain a good market reputation and enhance our overall competitiveness. On the...
A factor market is also termed an input market, while the market for finished products or services is called the output market. This can be viewed as a closed-loop flow: In the factor market, households are sellers and businesses are buyers, while in the goods and services market, businesse...
A macroeconomic factor may include anything that influences the direction of a particular large-scale market. For example,fiscal policyand various regulations can impact state and national economies, while potentially triggering broader international implications. Negative Macroeconomic Factors Negative macroecono...