Economics & Finance Research: Recent submissions
Now showing items 11-15 of 15
-
Welfare, growth and environment: a sceptical review of the skeptical environmentalist (Bjørn Lomborg, Cambridge University Press, 2001)
(School of Economics and Finance, University of St Andrews, 2002) - Working or discussion paperIn his wide ranging attempt to review the literature on economic development and welfare in relation to the environment, Lomborg claims balance and objectivity, but actually presents a thoroughly misleading picture of ... -
Heterogeneous beliefs and instability
(School of Economics and Finance, University of St Andrews., 2001) - Working or discussion paperWhile Rational Expectations have dominated the paradigm of expectations formation, they have been more recently challenged on the empirical ground such as, for instance, in the dynamics of the exchange rate. This challenge ... -
Renormalization method and its economic applications
(School of Economics and Finance, University of St Andrews., 2001) - Working or discussion paperThe purpose of this paper is to give new insights of the method of Helleman (1980) in the context of macrodynamics. This method explains how a difference equation can be locally studied from the Feigenbaum equation in ... -
Growing through subsidies
(School of Economics and Finance, University of St Andrews., 2001) - Working or discussion paperWe consider an overlapping generation model based on Matsuyama (1999) and show that, whenever actual capital accumulation falls below its balanced growth path, subsidising innovators by taxing consumers has stabilising ... -
On the persistence of output fluctuations in high technology sectors
(School of Economics and Finance, University of St Andrews, 2000) - Working or discussion paperFatás (2000) argues that in a cross-section analysis of countries there exists a positive correlation between long-term growth rates and the persistence of output fluctuations. The current paper extends this line of ...