An Economic Model for OECD Economies with Truncated M-Derivatives: Exact Solutions and Simulations

A Model of Housing Investment for the Major Oecd Economies

Thomas Egebo is an Administrator in Economic Prospects Division, Pete Richardson is the Head of the Econometric Unit and lan Lienert, previously an Administrator in Growth Studies Division, is now an Economist in the African Department of the International Monetary Fund. Special thanks go to John Martin and the referees for comments on earlier drafts and also to David Reifschneider, now at the ...

Oil, Government’s Budget and Economic Growth: A Dynamic Panel Data Model for Selected Oil Exporting Economies

Recognition of economic growth determinants is one of the most important concerns for economists. In the oil exporting countries oil revenues play a significant role for the economy alongside with other economic growth determinants. This paper attempts to investigate the role of oil in selected oil-revenue dependent economies. Since oil revenue goes directly to public treasury and is expended b...

Exact Solutions for M/M/c/Setup Queues

Recently multiserver queues with setup times have been extensively studied because they have applications in power-saving data centers. A challenging model is the M/M/c/Setup queue where a server is turned off when it is idle and is turned on if there are some waiting jobs. Recently, Gandhi et al. [10, 11] obtain the generating function for the number of jobs in the system using the recursive r...

Fiscal Multicointegration and Sustainability in OECD Economies

An Economic Production Quantity Model for Defective Items with Sales Return Service, Scrap Items and Rework

In this model, we establish an inventory model to determine the optimal inventory replenishment scheme for the economic production quantity (EPQ) model for imperfect, deteriorating items with sales return service under multiple production and rework setup. In one cycle, production process can produces the products in m production setups and reworks the defective items in one rework setup. The c...