Abstract We study a credit-risk model which captures effects of economic interactions on a firm’s default probability. Economic interactions are represented as a functionally defined graph, and the existence of both cooperative and competitive business relations is taken into account. We provide an analytic solution of the model in a limit where the number of business relations of each company ...

This paper investigates causal relations between economic growth, income inequality, and transmission channels during the period 1972 to 2016. These channels include saving rate, investment rate, redistribution policies, human capital, and conspicuous consumption. There is no strong evidence that supports uni-directional or bi-directional causality. In addition, some of the transmission channel...

This study attempts to provide a framework for understanding the role of the “embeddedness” in China’s economic success reflected by a unique embedded integration of state-market-society relations. “Embeddedness with Chinese characteristics” is the central concept of this study for analyzing how cultural and political uniqueness influences economic activities and shapes distinctive institutiona...

s for the 38th Human Genetics Society of Australasia Annual Scientific Meeting Adelaide, South Australia

We deal with the statistical matching problem and in particular we study the problem related to the managing of inconsistencies. In fact, when logical relations among the variables are present incoherence can arise in the probability evaluations. The aim of this paper is to remove such incoherences by using different methods. Specific precise distances minimization or least committal imprecise ...

Acknowledgement I would like to thank Tim Bunnel, Neil Coe, and Kris Olds for their very helpful comments and suggestions. The usual disclaimer applies. Abstract The "firm" has been a contested analytical category in economic geography. Much of neoclassical economic geography takes the firm as a self-contained and homogenous "black box" capable of producing economic outcomes in space. The radic...