Growth under uncertainty with experimentation

Article Abstract:

Dynamic experimentation can reduce investment even as more investment generates more information. Conversely, it can increase investment even when less investment yields more information. These were the main findings in a study of the effect of experimentation on the optimal level of the investment decision and on the amount of information gathering, wherein Bayesian learning was introduced into a standard growth model.

Research, Investments, Uncertainty (Information theory), Information measurement

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The politics of co-optation

Article Abstract:

It has been possible to develop a model which suggests a new explanation for why economic growth boosts political stability. It is concluded that governments with only a limited hold on power will tend to make sweeping gestures to boost their support.

Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Political aspects

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Human capital and the future of transition economies

Article Abstract:

The impact of education system of emerging markets on economic growth of human capital is examined.

United Kingdom, Analysis, Economic aspects, Growth, Human capital, Company growth, Emerging markets, Educational aspects

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