منابع مشابه
Policy Uncertainty, Total Factor Productivity and Growth
This note shows that differences (across sectors or regions) in the effective price of inputs results in low measured total factor productivity (TFP).
متن کاملPolicy Persistence
Conventional wisdom in political economy warns that once an economic policy is introduced, it is likely to persist. Even when its original rationale is no longer applicable or has been proven invalid, a policy will prove hard to remove. Empirical support for this position abounds. In both developed and developing countries, many policies appear remarkably resilient. In the United States, farm p...
متن کاملStock Market Uncertainty and the Analysis of Monetary Policy shock
Policy makers impose policies to improve economy circumstance in order to achieve economic goals. However, the consequence of these policies along with the intended goals will also influence expectations, fluctuations, etc., and cause changes in levels of uncertainty. The important role of the stock market in the economy, makes it important to examine its uncertainty and its interaction with mo...
متن کاملPersistence and Uncertainty in the Academic Career
Understanding how institutional changes within academia may affect the overall potential of science requires a better quantitative representation of how careers evolve over time. Because knowledge spillovers, cumulative advantage, competition, and collaboration are distinctive features of the academic profession, both the employment relationship and the procedures for assigning recognition and ...
متن کاملUncertainty and Climate Change Policy
layer over the South Pole in the late 1970s went undetected for years. The satellite instrumentation did not fail; rather, the computer programs written to analyze the vast volumes of satellite data were instructed to reject measurements that diverged sharply from expected normal conditions. Amazingly, the rejected values were called to no one’s attention. Noticing outliers in ground-based reco...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Review of International Economics
سال: 1993
ISSN: 0965-7576,1467-9396
DOI: 10.1111/j.1467-9396.1993.tb00012.x