Long-Wave Economic Cycles: The Contributions of.
Demand-driven business cycles tend to be the more common of the two types. Demand-driven business cycles occur when shocks to the aggregate demand side of the economy create instability. An increase in aggregate demand triggers an expansion and a decrease in aggregate demand causes a contraction. Historical evidence suggests that business-cycle instability is primarily the result of changes in.
This paper introduces heterogeneous microeconomic behavior into a demand-driven macroeconomic model in order to study the joint dynamics of leverage and capital accumulation. By identifying the links between firm level variables and aggregate quantities, the paper contributes toward a reformulation of the Minskyan formal analysis that explicitly considers the role of microeconomic factors in.
Demand driven supply chain Over the passage of time, the concept of supply chain and planning has gained considerable need on the retail brand in the society today. It is because the two are interred twined based on the end product and the needs of the consumer. As such, most of the companies have noticed the gap that exists between supply chain and the final product given to the consumer.
The objective of the thesis is to perform a theoretical analysis of the two distinctive but intertwined mechanisms of economic dynamics, namely the process of coordination and the.
This paper introduces the classical idea about the so-called directed and induced technical change (ITC) within a Keynesian demand-side and evolutionary endogenous growth model in order to analyze the interplay among technical change, long-run economic growth and functional income distribution. An ITC process is analyzed within an Agent-Based Stock-Flow Consistent (AB-SFC) model, wherein.
Profit-driven and demand-driven investment growth and fluctuations in different accumulation regimes Journal of Evolutionary Economics, 2015, 25, (4), 707-728 View citations (9) See also Working Paper (2013) Technology and costs in international competitiveness: From countries and sectors to firms.
A more recent work by Paul, Carney and Chowder (1997) involving 70 countries (of which 48 are developing economies) for the period 1960-1989 found no causal relationship between inflation and economic growth in 40 % of the countries; they reported bidirectional causality in about 20 % of countries and a unidirectional (either inflation to growth or vice eras) relationship in the rest. More.