منابع مشابه
Foreign Affairs and Trade
It is known that a theory in S5-epistemic logic with several agents may have numerous models. This is because each such model specifies also what an agent knows about infinite intersections of events, while the expressive power of the logic is limited to finite conjunctions of formulas. We show that this asymmetry between syntax and semantics persists also when infinite conjunctions (up to some...
متن کاملThe Effect of the Twin Deficits on the Foreign Debt in Jordan: an Econometrical Study
This study aims to investigate the effect of the Twin Deficits, i.e., deficit of government budget, and deficit in current account, on the foreign debt in Jordan during the period 1977 – 2004. A four variables cointegration analysis with the variables: outstanding foreign debt, budget deficit, current account balance proxied by its index, and gross fixed capital formation were exploited. Dicky-...
متن کاملThe Theory of Optimum Deficits and Debt
This paper deals with some of the issues that arise in connection with the optimal financing of a given program of "exhaustive" public spending on goods and services. The determination of the size and composition of this real spending program is not considered. A more general view would encompass the optimal joint determination of the public sector’s consumption and investment program and its m...
متن کاملAccounts Receivable, Trade Debt and Reorganization
The optimal outcome of a firm in bankruptcy is to liquidate if its asset value is greater than its value as a going concern or, alternatively, to reorganize if it is worth more as a going concern. In this study, we identify firm asset and liability characteristics which may determine the likelihood of a firm successfully emerging from bankruptcy. We find two key factors influencing the success ...
متن کاملForeign Trade and Equilibrium Indeterminacy
We show that dependence of production on foreign inputs (or non-producible natural resources) can significantly increase the likelihood of indeterminacy. Payment of imported foreign factors of production may act as a semi-fixed cost, amplifying production externalities and returns to scale, making selffulfilling expectations driven busyness cycles easier to arise. This is demonstrated using a s...
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ژورنال
عنوان ژورنال: Economic Papers: A journal of applied economics and policy
سال: 1991
ISSN: 0812-0439,1759-3441
DOI: 10.1111/j.1759-3441.1991.tb01100.x