This paper examines the long-term behaviour of a discrete-time Footloose Capital model, where capitalists, who are themselves immobile between regions, move their physical capital between regions in response to economic incentives. The spatial location of industry can exhibit cycles of any periodicity or behave chaotically. Long-term behaviour is highly sensitive to transport costs and to the r...

The process of review of both the Basel Capital Adequacy Accord and the EU New Capital Adequacy Framework is now entering its final phase. Although leasing falls within the scope of the Basel Committee’s proposals for measuring appropriate capital requirements, little is known empirically about the credit risk associated with leasing. Many studies have recently been conducted in order to measur...

Valuing natural capital is fundamental to measuring sustainability. The United Nations Environment Programme, World Bank, and other agencies have called for inclusion of the value of natural capital in sustainability metrics, such as inclusive wealth. Much has been written about the importance of natural capital, but consistent, rigorous valuation approaches compatible with the pricing of tradi...

The purpose of this study is to investigate, by use relevant robust econometric modelling, physical capital and human capital, their impact on growth in Indonesia for policy analysis. Auto Regressive Distributed Lag (ARDL) Pesaran (1997) were chosen supporting the relationship important finding analysis that appears be a continuing factor shaping Indonesia’s growth, along with accumulation, par...

This article adopts Pierre Bourdieu's cultural-structuralist approach to conceptualizing and identifying social classes in social space and seeks to identify health effects of class in one Canadian province. Utilizing data from an original questionnaire survey of randomly selected adults from 25 communities in British Columbia, social (class) groupings defined by cultural tastes and disposition...

OBJECTIVE To investigate the influence of social capital and individual factors on the level of leisure time physical inactivity in the neighbourhoods. METHODS The public health survey in Malmö 1994 is a cross sectional study. A total of 5600 people aged 20-80 years were invited to answer a postal questionnaire. The participation rate was 71%. A multilevel logistic regression model, with indi...

BACKGROUND A large international literature has found a positive association between social capital and measures of physical and mental health. However, there is a paucity of research on the links between social capital and healthy ageing in a developing country environment, where universal social security coverage is absent and health infrastructure is poor. METHOD In this paper, we develop ...

This paper addresses the following question: does the stock market influence the process of capital accumulation? If exchanging ownership of firms on a stock market is equivalent to exchanging the ownership of their capital on a capital goods market, then introducing a stock market will not affect the predictions of the real models of capital accumulation–the Ramsey model (1928) if agents are i...