By scientific standards, the accuracy of short-term economic forecasts has been poor, and shows no sign of improving over time. We form a delay matrix of time-series data on the overall rate of growth of the economy, with lags spanning the period over which any regularity of behaviour is postulated by economists to exist. We use methods of random matrix theory to analyse the correlation matrix ...

This paper proposes a new approach for analyzing the relationship between macroeconomic factors and the income distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one should first fit a parametric f...

In the article, based on socio-economic specifics and geostrategic significance of Far Eastern macro-region Russian Federation, issues improving strategic planning management at macro-regional regional levels are considered. The expediency including in system governing bodies macroregion constituent entities addition to state structures (federal regional), interregional public institutions, by ...

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your perso...

Evidence is growing that sustainable buildings provide financial rewards for building owners, operators, and occupants. Sustainable buildings typically have lower annual costs for energy, water, maintenance/repair, churn (reconfiguring space because of changing needs), and other operating expenses. These reduced costs do not have to come at the expense of higher first costs. Through integrated ...

With the rapid development of economic globalization and information technology, economic forecasting is emerging as a rapidly developing research field with wide applicability in business and government. To achieve an advanced position of global economic growth, one must quickly indentify good opportunities and take advantage of them in a fast and effective manner. More and more business organ...

We compare the estimated effects of health in a macroeconomic production function model of economic growth with the effects that are found using calibration based on wage regressions. We allow for gradual adjustment in income level towards the steady state which means that both the level and growth of inputs can affect economic growth. We find that the estimated macroeconomic effects of health ...

This article aims at a new approach for a known fundamental result: barter or trade increases economic value. It successfully bridges the gap between the theory of value and the exchange process attached to the transition fromendowments to the equilibrium in the core and contract curve. First, we summarise the theory of value; in Section 2, we present the Edgeworth (1881) box and an axiomatic a...