Integrated capital shares

Capital Shares: The Way Back into the With of Christianity

In the ten years since the publication of Michael Hardt’s and Antonio Negri’s Empire, the relationship between Christianity and global capital has received increasing theological attention among the adherents, critics, sympathizers, and apostates of Radical Orthodoxy. At stake in this conversation is the possibility that Christianity might provide a universal ontology sufficient to ground a cou...

Growth, Capital Shares, and a New Perspective on Production Functions

Standard growth theory implies that steady-state growth in the presence of exponential declines in the prices of computers and other capital equipment requires a Cobb-Douglas production function. Conventional wisdom holds that capital shares are relatively constant, so that the Cobb-Douglas approach might be a good way to model growth. Unfortunately, this conventional wisdom is misguided. Capit...

Social Capital, Barriers to Production and Capital Shares; Implications for the Importance of Parameter Heterogeneity from a Nonstationary Panel Approach *

--------------------------------------------------------------------------------------------------------------------------Abstract: Recent advances in the growth literature have proposed that difficult to quantify concepts such as social capital may play an important role in explaining the degree of persistent income disparity that is observed among countries. Other recently explored possibilit...

Integrated Financial Risk Management: Capital Allocation Issues

A strategic optimization model provides the ideal setting for allocating the scarce capital of a financial intermediary such as an insurance company. The goal of management is to maximize shareholder value. Capital allocation serves three primary purposes: to compare managerial performance across business units, to provide a risk indicator for regulators and other stakeholders, and to develop a...

An Integrated Framework for Visualising Intellectual Capital*