Aggregate returns to scale embodied technology change: theory and measurement using stock market data

Article Abstract:

A new general equilibrium growth accounting framework that features increasing returns to scale, imperfect competition and incorporates technological revolutions into the description of technical progress is developed. A framework is jointly used to estimate the overall embodied TFP change during 1953-1995 and the aggregate output elasticity.

Forecasts, trends, outlooks, Models, Forecasts and trends, Market trend/market analysis, Technological innovations, Stock markets, Stock market

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The macroeconomic consequences of terrorism

Article Abstract:

This study uses data for four decades and from 177 countries to brig out basic facts of terror impact on the economy. The negative effect on growth is slight for OECD countries, but overall, it is less compared to the effect of external wars and internal conflicts. The study concludes that governments can use public policy to reduce risks.

United States, Police Protection, Developing Countries, Terrorist Control, Security Mgmt-Kidnapping & Terrorism, Economic aspects, Influence, Terrorism

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