Long-term financial contracts and technological choice

Article Abstract:

The correlation between long-term financial contracts and the adoption of efficient technologies by a country's production sector was analyzed. A two-period model was employed in which firms face a technological choice due to the uncertainty of product development. It was found that companies in industrialized nations invest more in R&D, resulting in more product introductions and the emergence of long-term financial markets. Furthermore, financial innovations reduce the costs of using flexible technologies and promote economic development.

Commercial Banks, Commercial Banking, Business Financing, Economic development, Product development, Technological innovations, Long-term financing, Long term financing

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International migration, remittances and income distribution in the source country: a synthesis

Article Abstract:

The export of labor by developing countries benefits the welfare of two different classes of society, the capital-rich and the capital-poor of the host country. This is achieved when emigrant workers send sufficient remittances to their respective countries which is usually the case of labor-exporting countries. Pure emigration is also found to be advantageous to the non-emigrants of the host country if there are sufficient remittances, regardless of the implemented welfare criteria.

Analysis, Economic aspects, Employment abroad, Overseas employment, Emigration and immigration, Emigrant remittances

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The Gini-index as a measure of the goodness of prediction

Article Abstract:

The Gini-index is a measuring tool of the reliability of prediction. Analyzing the mean life of a cohort during its process of survival requires the estimation of its mean residual life at prediction date. The mean prediction error during the survival process in two cases is found to be closely linked to the Gini-index, which signifies another application for it other than an indicator of inequality.

Research and Development in the Physical, Engineering, and Life Sciences, Statistics, Research, Usage, Income distribution, Gini coefficient, Statistics (Mathematics), Prediction (Logic)

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