Search results for "macroeconomics"
showing 10 items of 477 documents
Executive Incentive Compensation and Economic Prosperity
2008
This paper analyzes the existence of a potential link between the prevalence of long term incentive compensation schemes and the economic prosperity of a country. This issue is previously not addressed in the literature. In a panel regression with fixed effects a strongly significant, positive effect is found between growth of GDP/capita in real terms and this prevalence, while controlling for general investment and institutional variables. However, when the 22 countries of the study are divided into European and non-European, the growth effect found for the entire material accrues only to the non-European countries. It is concluded that long term incentive contracts seem to have no effect …
Gender differences in French undergraduates' academic plans and wage expectations
2016
International audience; Gender differences in wage expectations may affect investment in human capital and increase inequalities in the labour market. Our research based on a survey of first-year students at a French university aims to focus on expectations at the beginning of the career. Our results show that anticipated earnings differ significantly between men and women. One year after graduation, we find a gender gap in pay of 16 percent. A wage decomposition method indicates that most of this effect is due to anticipation of discrimination. Ten years after graduation, anticipated discrimination is still almost as dominant in explaining the gender gap in pay. Finally, using a survey of …
Six-years-long effects of the Italian policies for photovoltaics on the pay-back period of grid-connected PV systems installed in urban contexts
2017
Abstract In this study the discounted pay-back (DPB) period of rooftop photovoltaic (PV) systems installed in urban contexts was investigated during the course of time with the aim of evaluating the effects of the different supporting policies enacted by the Italian government. The profitability of the investment in three Italian cities was observed from June 2010 to May 2016 by means of an exhaustive economic analysis based on the study of the variation of the costs and benefits during the lifetime of the investment. The analysis considered the disbursements for the PV system devices, maintenance and management, insurance, and wear of PV panels and inverters. Other significant parameters, …
The Political Economy of the World Bank. The Early Years
2009
This book covers the early years of the International Bank of Reconstruction and Development (IBRD), commonly known as the World Bank when it first confronted the issue of development as a fundamental part of its mission. The book is mainly concerned with how the Bank interpreted its mission and, more specifically, how its mission was born: what events shaped it, what cultural and ideological background influenced it and what was the historical context in which it arose. So this book is a contribution to the study of the prehistory of development, understood in its social and economic context. In this respect, the study of the early years of the World Bank offers excellent context for obser…
Spanish Scientists' Opinion about Science and Researcher Behavior.
2021
Encuestamos a 348 investigadores de Psicología y Educación en España, sobre temas como su percepción de una crisis en la ciencia, su confianza en la calidad de los resultados publicados y el uso de prácticas de investigación cuestionables (QRP). También se recogieron sus percepciones respecto a la presión por publicar y la competencia académica. Los resultados indican que una gran parte de la muestra de académicos españoles piensa que existe una crisis en la Ciencia, principalmente por falta de inversión económica, y duda de la calidad de los hallazgos publicados. También sienten una fuerte presión para publicar en revistas de alto factor de impacto y un clima laboral altamente competitivo.…
Goal pursuit in young adulthood: The role of personality and motivation for goal appraisal trajectories across 6 years.
2013
The aim of this longitudinal study was to examine changes in the appraisals of personal goals during young adulthood, and to investigate personality and motivation as predictors of goal appraisals. Israeli young adults (N = 284, 46% female) were assessed four times during ages 23�29 and reported on their goal appraisals (goal investment, goal momentum and goal stress), personality (efficacy and self-criticism) and motivation (autonomous motivation, controlled motivation, amotivation). The results showed mean stability for goal investment and momentum, whereas goal stress declined. Efficacy predicted higher goal investment and momentum 6 years later, while self-criticism accounted for indivi…
Monetary Plurality in Economic Theory
2018
The objective of this article is to identify the monetary plurality in economic theory. We will try to throw light on the way in which theories are attracted towards both unicity and plurality, and more specifically by unification and diversification of money. It should also be noted, in this respect, that the economics of money has undergone considerable development since the 1970s. A survey of the diverse theories, whether mainstream or not, static or dynamic, holistic or individualistic, will reveal the surprising amount of attention devoted to the problem of monetary unicity and/or plurality. We base our presentation on two lines of thought: -The first of these lines concerns a situatio…
DO TRANSPORT COSTS HAVE A DIFFERENTIAL EFFECT ON TRADE AT THE SECTORAL LEVEL?
2008
This article aims to analyse the determinants of transport costs and to investigate their influence in international trade with a sample of disaggregate trade data. First, we estimate a transport-cost function using cross-section data on maritime and overland transport for four sectors: agro-industry, ceramic tiles, motor vehicle parts and accessories, and electrical and mechanical household appliances, obtained from interviews held with Spanish exporters and logistics operators in 2001. Second, we study the relationship between transport costs and trade and estimate the elasticity of trade with respect to transport costs for each sector. Important differences for high value- and low value-…
How to pay for the war in times of imperfect commitment. Adam Smith and David Ricardo on the Sinking Fund
2014
AbstractThe paper proposes a comparative analysis of Smith's and Ricardo's views on the sinking fund. It shows that Smith and Ricardo agreed in stressing the ineffectiveness of the sinking fund as a policy instrument targeted at public debt repayment and tax-burden relief, pointing out that its actual workings had paradoxically helped to increase rather than reduce British total debt-load. Moreover, their explanation of the sinking fund paradox integrates a defective fiscal commitment technology with powerful politicians’ incentives to siphon off the money stored in the sinking fund to meet sudden increases of public expenditure whenever the occasion arose.
A simple model of income, aggregate demand and the process of credit creation by private banks
2013
This paper presents a small macroeconomic model describing the main mechanisms of the process of creation by the private banking system. The model is composed of a core unit-where the dynamics of income, credit and aggregate demand are determined-and a set of sectoral accounts that ensure its stock-flow consistency. In order to grasp the role of credit and banks on the functioning of the economic system we make an explicit distinction between planned and realized variables, thanks to which, while maintaining the ex-post accounting consistency, we are able to introduce an ex-ante wedge between current aggregate income and planned expenditure. Private banks are the only economic agents capabl…