If environmental quality positively a ects the productivity of labor in R&D and pollution is caused by the use of a non-renewable resource, it is socially optimal to postpone extraction and to intertemporally adjust R&D e ort.

Purpose: This research aims to identify asset structure, dividend policy, and partial sales of stock prices. Theoretical framework: Asset Structure, Dividend Management, Sales Growth Improve Stock Prices. topic has already been the site several debates in literary circles. Design/methodology/approach: method involves using a classical assumption, regressive analysis, hypothesis. Illustration ri...

We examine the relation between US stock market returns and the US business cycle for the period 1960 2003. We identify two channels in the transmission mechanism. One is through the mean of stock returns via the equity risk premium, and the other is through the volatility of returns. We find that the relation is asymmetric with downturns in the business cycle having a greater negative impact o...

AbstractPurpose – This study aims to provide an overview and analysis of how premiums, claims, investment results have affected asset growth in Indonesian Sharia life insurance companies from 2015 2020.Methodology - In this work, quantitative causality methodologies were used as the research methodology. The Financial Services Authority-registered company serves study's population (FSA). method...

We develop a general equilibrium model of a production economy which has a risky production technology as well as a growth option to expand the scale of the productive sector of the economy. We show that when confronted with growth options, the representative consumer may sharply alter consumption rates to improve the likelihood of investment. This reduction in consumption is accompanied by an ...

F rom 1980 to 2006, the fi nancial services sector of the United States economy grew from 4.9 percent to 8.3 percent of GDP. A substantial share of that increase was comprised of increases in the fees paid for asset management. This paper examines the signifi cant increase in asset management fees charged to both individual and institutional investors. Despite the economies of scale that should...

I study an agent’s optimal consumption-saving and portfolio choice decisions when he cannot fully insure his income shocks and does not know his income growth rate. I show that the agent rationally saves for precaution against the risk of estimating his income growth, in addition to his standard precautionary saving demand induced by income volatility. I then extend the analysis to allow for th...

The global water sector faces significant challenges to maintain secure and reliable service provision in the context of ageing infrastructure, urban growth, and with investment capacity constrained by user affordability. As part of an on-going effort to meet these challenges, research has been undertaken to facilitate the diffusion of technological innovations within the concept of ‘‘Intellige...