Jackson, J, McIver, R & Bajada, C 2007, Economic principles (2nd edition), 2nd, McGraw-Hill, Australia.
Arestis, P, Baddeley, M & Sawyer, M 2007, 'THE RELATIONSHIP BETWEEN CAPITAL STOCK, UNEMPLOYMENT AND WAGES IN NINE EMU COUNTRIES', Bulletin of Economic Research, vol. 59, no. 2, pp. 125-148.
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ABSTRACTThe focus of this paper is to investigate the importance of the capital stock in the determination of wages and unemployment in a range of EMU countries and to compare the results across countries. A time‐series analysis is conducted in the case of nine euro area countries, which were selected solely on the basis of data availability and consistency: Austria, Belgium, Finland, France, Germany, Italy, Ireland, the Netherlands and Spain. The paper begins with a short review of the literature on capital stock and unemployment, before it deals with the theoretical model. This is followed by estimation and testing of the theoretical model put forward, using both time‐series and panel data. The results are supportive of the main hypothesis of the paper: capital stock is an important determinant of unemployment and wages in the countries considered for the purposes of the paper.
Bettinger, E & Slonim, R 2007, 'Patience among children', Journal of Public Economics, vol. 91, no. 1-2, pp. 343-363.
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Delli Gatti, D, Di Guilmi, C, Gallegati, M & Giulioni, G 2007, 'Financial Fragility, Industrial Dynamics and Business Fluctuations in an Agent Based Model', Macroeconomic Dynamics, vol. 11, no. S1, pp. 62-79.
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n the 1990s a large body of literature--sometimes referred to as the financial accelerator hypothesis, broad credit view, or balance sheet channel--focused on the role of financial factors in business fluctuations and in the transmission of monetary shocks [Bernanke and Gertler (1989, 1990, 1995), Bernanke et al. (1996, 1999), Greenwald and Stiglitz (1988, 1990, 1993), Stiglitz and Greenwald (2003)]. Insightful new additions to the literature, albeit along different lines, have been provided by Kiyotaki and Moore (1997, 2002) and Cooley and Quadrini (2001). In these models, in principle, agents are heterogeneous, and sometimes it is also recognized that heterogeneity is a necessary ingredient of important business cycle features (such as composition effects), but the nature and consequences of heterogeneity are not thoroughly explored. At a certain point of the analysis, the representative agent pops up and heterogeneity gets lost or is simply neglected. The temptation to keep the analysis simple by resorting to the representative agent is understandable. After all, the representative agent framework has been one of the most successful tools in economics [Hartley (1997); Stoker (1993)] and is still the cornerstone of standard macroeconomics. This modeling strategy, however, is justified if heterogeneity is temporary, that is, if the population of different households/firms converges over time to a stationary distribution in which agents are identical. This condition is generally not fulfilled empirically. In real economies heterogeneity is not bound to disappear and the evolution over time of the distribution of heterogeneous agents affects the dynamics of the macrovariables. If macroeconomic modeling relies on the representative agent, therefore, the analysis of business fluctuations and of the transmission mechanism of monetary policy will be too simple and sometimes even simplistic.
Hafalir, IE 2007, 'Efficiency in coalition games with externalities', Games and Economic Behavior, vol. 61, no. 2, pp. 242-258.
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Masso, M, Bezzina, AJ, Siminski, P, Middleton, R & Eagar, K 2007, 'Why patients attend emergency departments for conditions potentially appropriate for primary care: Reasons given by patients and clinicians differ', Emergency Medicine Australasia, vol. 19, no. 4, pp. 333-340.
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AbstractObjectives: To compare reasons identified by clinical staff for potential primary care attendances to the ED with those previously identified by patients.Methods: Survey of staff and primary care patients in five ED in New South Wales, Australia using questionnaire based on reasons identified in published studies.Results: Clinicians in the survey identify a broader spectrum of reasons for potential primary care cases presenting to the ED than the patients themselves report. Doctors reported on average 4.1 very important reasons and nurses 4.8 compared with patients 2.4 very important reasons. The main reasons identified by both doctors and nurses were similar and quite different to those identified by patients. Clinicians were more likely to emphasize cost and access issues rather than acuity and complexity issues. There was no difference within the clinician group between doctors and nurses nor by varying levels of experience. Furthermore doctors with significant experience in both primary care and emergency medicine did not differ from the overall clinicians' pattern.Conclusions: These data confirm that clinician perspectives on reasons for potential primary care patients' use of ED differ quite markedly from the perspectives of patients themselves. Those differences do not necessarily represent a punitive or blaming philosophy but will stem from the very different paradigms from which the two protagonists approach the interactions, reflecting the standard tension in a provider – consumer relationship. If policy is to be developed to improve system use and access, it must take both perspectives into account with respect to redesign, expectations and education.
Xiao, J 2007, 'A method for analyzing strategic product launch', Frontiers of Economics in China, vol. 2, no. 3, pp. 458-464.
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This paper proposes a method to analyze how the manufacturers make product launch decisions in a multi-product oligopoly market, and how the heterogeneity in their products affects the manufacturers' decisions on model launch and withdrawal. © 2007 Higher Education Press and Springer-Verlag.
Docherty, PT 1970, 'Monetary policy in a Kaldor-Pasinetti-Sraffa-Keynes model with endogenous money', Eastern Economic Association Annual Conference 2007, New York, USA.
Erev, I, Roth, AE, Slonim, RL & Barron, G 1970, 'Learning and equilibrium as useful approximations: Accuracy of prediction on randomly selected constant sum games', Economic Theory, Springer Science and Business Media LLC, pp. 29-51.
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Menzies, GD 1970, 'Inferential expectations', International Conference on Macroeconomics and Finance, Rethymnon, Greece.
Arestis, P, Baddeley, M & McCombie, JSL 2007, 'Economic growth: New directions in theory and policy'.
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This enlightening and significant new volume focuses on the nature, causes and features of economic growth across a wide range of countries and regions. Covering a variety of growth related topics - from theoretical analyses of economic growth in general to empirical analyses of growth in the OECD, transition economies and developing economies - the distinguished cast of contributors address some of the most important contemporary issues and developments in the field. © Philip Arestis, Michelle Baddeley and John S.L. McCombie 2007. All rights reserved.
Goldbaum, D 2007, 'Dissemination in an endogenous random network (or 'follow the leader')'.
Goldbaum, D 2007, 'Dissemination in an endogenous random network (or 'follow the leader')'.
Goldbaum, D 2007, 'Dissemination in an endogenous random network (or 'follow the leader')'.
Goldbaum, D 2007, 'Heterogeneous beliefs in financial markets: Persistent endogenous noise and informationally efficient markets'.
Goldbaum, D 2007, 'Learning and adaptation as a source of market failure'.
Goldbaum, D 2007, 'Learning and adaption as a source of market failure'.
