The savings/investment process in capitalist economies is organized around financial intermediation, making them a central institution of economic growth. Financial intermediaries are firms that borrow from consumer/savers and lend to companies that need resources for investment. In contrast, in capital markets investors contract directly with firms, creating marketable securities. The prices o...

The economics of investment in cyber security is a widely researched field. This paper describes the use of a multi-player collaborative exercise implemented on computers to help companies better understand investment decisions in cyber security. The investment model driving the collaborative exercise is an expected-value decision analysis that compares the reduction of cyber risks with other i...

We examine how inv estment in human capital affects the U.S. economy using a three-sector growth model. Investment in human capital is produced in a constant returns to scale Education sector that has capital, labor, student time and intermediates as inputs. The perfectly foresighted household determines investment in physical capital while the government determines the rate of Education invest...

The study of memory for event duration in pigeons has, for the most part, centered on an unusual behavioral phenomenon and an interesting theoretical explanation for it. A typical experiment on memory for event duration involves trials initiated by a sample stimulus that is either short or long in duration (e.g., 2 vs. 10 sec of houselight) and that is later followed by the simultaneous present...

Housing reform has been a key component in China's economic revitalization program initiated by the late paramount leader Deng Xiaoping since 1978. By reforming the welfare housing system, the Chinese government aims at the removal of a burden (i.e., welfare housing) from state finance. At the same time, housing reform will stimulate changes in consumption, investment, and related industrial se...

One of the present phenomena that virtually explain weaknesses in financial systems of different countries is financial repression. Financial repression encompasses the different interferences of governments in financial markets through determining the ceiling interest on bank deposits, high rates of legal reserves, and the government’s interference in distribution of bank credits,which prevent...

Using the short-term multi-sector econometric model, this paper discusses in detail the multiplier effect of public investment in Japan. After examining its fundamental characteristics, the differ ence in government investment multiplier by the pattern of investment distribution among indus tries and the factors causing such a difference are analyzed. According to the simulation results, the mu...

Now the investment promotion administration is carried out by the External Affairs Office of every city’s government without effective information integration. The building of City Investment Promotion Information Network System will be helpful for meeting the foreign investor’s information demands in a fast, easy and accurate way from all directions and levels. What’s more, it also helps to im...

We study the effects of government spending by using a structural, large dimensional, dynamic factor model. We find that the government spending shock is non-fundamental for the variables commonly used in the structural VAR literature, so that its impulse response functions cannot be consistently estimated by means of a VAR. Government spending raises both consumption and investment, with no ev...