This article represents an issue about macroeconomic model realization under transition economy of Moldova Republic. Different macroeconomic model beginning with simple monetary model and growth model, and more complicated model as financial programming models, general equilibrium model, describing complex functioning of national economy and forecasting effect of various economic policies on ec...

This paper investigates how people subdivided in social groups behave in an economy without property rights. Facing a linear production technology groups follow Markovian strategies for consumption and investment. Additionally, they may spend effort in an appropriation contest. For a symmetric society I show that conflict prevents investment and growth. In a society at peace economic growth may...

We consider a small-open, collateral-constrained AK economy. We show that the combination of CARA preferences and uncertainty on capital inflows in such an economy generates long-term (expected) growth while the deterministic counterpart does not. In this framework, long-term growth is entirely driven by precautionary savings. In particular, we show that the asymptotic growth rate of the expect...

China’s rapid economic growth over the past three decades has positioned it as one of the major economic powers in the world today. Its real gross domestic product (GDP) has grown at an average rate of 9.9% over this period, which is almost three times the world average. As of mid-2010, China had surpassed Japan to become the second largest economy in the world, behind only the United States. T...

this paper estimates the effects of increase in iran’s non-oil exports on its economic growth as well as sectoral outputs, using a single country, comparative static, exogenous policy computable general equilibrium (cge) model. the paper also investigates the share of tradable sectors in reaching to the targeted growth rate (8%) in 5th socio-economic development plan. for this purpose, the para...

The questions we ask include: Why don’t economic institutions spontaneously adjust to the requirements of economic growth? Why did the Industrial Revolution originate in England, and why did it spread only to some countries? Why have transition-to-markets reforms failed in some post-Soviet economies and succeeded elsewhere? In the “New Economy”, what adjustments in property rights are needed to...

In this paper we investigate the relationship between inequality and the environment in a growing economy from a political economy perspective. We consider an endogenous growth economy, where growth generates pollution and a deterioration of the environment. Public expenditures may either be devoted to supporting growth or abating pollution. The decision over the public programs is done in a di...

the dependence of iran's economy to oil revenues and affecting the political and economic issues on income have caused the vulnerability of the economy. one way to meet these challenges is expanding such products, on the one hand improving the domestic economy and on the other hand increasing the exports. among the agricultural products, medicinal plants have a special role in the domestic...

abstract in the recent decades, the iranian economy has been highly depended on oil revenues. considering the fact that a great part of non-oil exports are agricultures product, studying factors influencing growth of agricultural sector plays an important role in the iran's economy. supply domestic shocks and domestic demand pressure along with deviation of exchange rates from its equilibrium, ...