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Book Review: After War: The Political Economy of Exporting Democracy by Christopher Coyne
After War Political Economy
2009/7/23
West Germany, Japan, Somalia, Haiti, Afghanistan and Iraq. What do these six
countries have in common? Each of these countries has been the site of a U.S. led postwar
military occupation and reconst...
Political Economy of Public Deficit: Perspectives for Constitutional Reform
fiscal policy dynamic inconsistency political economy public deficit
2009/7/17
The paper uses a dynamic inconsistency model known from monetary policy to assess three alternative proposals how to reform fiscal constitution in order to limit government’s incentive to use fiscal ...
The significance of credit risk models has increased with the introduction of the New Basel Accord, known as Basel II. The aim of this study is to examine default rate modeling. This paper follows tw...
Book review: Schofield, N., 2009. The Political Economy of Democracy and Tyranny
Book review Schofield
2009/7/17
Book review: Schofield, N., 2009. The Political Economy of Democracy and Tyranny.
We present a stochastic agent-based model for the distribution of personal incomes in a developing economy. We start with the assumption that incomes are determined both by individual labour and by st...
This paper analyzes recent developments in the economy, and convey some idea of it’s direction. It does so, to begin with, by placing contemporary trends within a long term perspective, specifically...
This article is a follow-up of a short essay that appeared in Nature 455 1181 (2008). It has become increasingly clear that the erratic dynamics of markets is mostly endogenous and not due to the rati...
REBALANCING CHINA’S ECONOMY—MODELING A POLICY PACKAGE
China rebalancing pattern of growth model saving investment
2009/1/16
This paper discusses how China can rebalance its pattern of growth by implementing a package of policies. We first characterize the distinct features of China’s pattern of growth and the specific poli...
Perturbation theory in a pure exchange non-equilibrium economy
Perturbation theory pure exchange non-equilibrium economy
2010/10/29
We develop a formalism to study linearized perturbations around the equilibria of a pure exchange economy. With the use of mean field theory techniques, we derive equations for the flow of products in...
Has the world economy reached its globalization limit?
Time series econophysics entropy networks
2010/11/2
The economy globalization measure problem is discussed. Four macroeconomic indices of twenty among the “richest” countries are examined. Four types of “distances” are calculated.Two types of networks ...
Agent-Based Model Approach to Complex Phenomena in Real Economy
Agent-Based Model Complex Phenomena Real Economy
2010/10/29
An agent-based model for rms' dynamics is developed. The model consists of rm
agents with identical characteristic parameters and a bank agent. Dynamics of those agents
is described by their balan...
Political Economy of Agricultural Policies and Environmental Weights
Environmental Weights Political Preference Functions EU Agriculture
2014/6/24
In this paper, a theoretical model was constructed to endogenously determine environmental weights in the agricultural sector. The conventional Political Preference Function was extended to include...
The Political Economy of Emissions Reduction in China: Are Incentives for Low Carbon Growth Compatible?
Political Economy Emissions Reduction in China Are Incentives Low Carbon Growth Compatible
2013/7/5
There is growing, unassailable evidence of severe existing and potential consequences of global climate change and of the relationship between human economic activities and global warming (for example...
An Open Economy Calls for New Development Theories
New Development Theories Open Economy Calls
2008/5/19
An Open Economy Calls for New Development Theories.