Growth under uncertainty with experimentation
Article Abstract:
Dynamic experimentation can reduce investment even as more investment generates more information. Conversely, it can increase investment even when less investment yields more information. These were the main findings in a study of the effect of experimentation on the optimal level of the investment decision and on the amount of information gathering, wherein Bayesian learning was introduced into a standard growth model.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1998
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The politics of co-optation
Article Abstract:
It has been possible to develop a model which suggests a new explanation for why economic growth boosts political stability. It is concluded that governments with only a limited hold on power will tend to make sweeping gestures to boost their support.
Publication Name: Journal of Comparative Economics
Subject: Economics
ISSN: 0147-5967
Year: 2001
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Human capital and the future of transition economies
Article Abstract:
The impact of education system of emerging markets on economic growth of human capital is examined.
Publication Name: Journal of Comparative Economics
Subject: Economics
ISSN: 0147-5967
Year: 2006
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