Economic Dynamics From a linear, perfectly rational view towards bounded rationality, non-linearity and complex adaptive systems Global challenges of capital markets integration Modern economics in action in poor countries An interview with development economist Economic Dynamics From a linear, perfectly rational view towards bounded rationality, non-linearity and complex adaptive systems Globa...

A prototypical vintage capital model of economic growth is developed, where the decision to replace old technologies with new ones is modeled explicitly. Technological change is investment specific. Depreciation in this environment is an economic, not a physical, concept. The vintage capital economy's balanced-growth paths and transitional dynamics are analyzed. The transitional dynamics are ma...

Banks argue that holding higher capital will have adverse implications on their lending activities and thereby economic growth. Yet, the effect of a stronger base growth remains largely unsettled. We better capitalized banks improve financial stability conditions and, in dire times, they are able to sustain credit economy containing macroeconomic implications. Using various methods, we test for...

This paper examines the linkage between aggregate real output, capital, labour, education, and productivity within a growth accounting framework for 27 Chinese provinces between 1990 and 2000. The results suggest that human capital has had a significant role in facilitating economic growth of all of the provinces throughout the 1990s. Regional disparities in factor accumulation are also conside...

background burnout is a common syndrome associated with job stresses in the health sector personnel, especially female nurses. objectives the aim of this study was to investigate burnout and its association with types of capital among female nurses in educational hospitals of kermanshah university of medical sciences. patients and methods this was a retrospective cross-sectional study. the stud...