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A Note On Entrepreneurial Risk, Capital Market Imperfections, And Heterogeneity, Yulei Luo, Liutang Gong, Heng-fu Zou 2010 The University of Hong Kong

A Note On Entrepreneurial Risk, Capital Market Imperfections, And Heterogeneity, Yulei Luo, Liutang Gong, Heng-Fu Zou

Yulei Luo

Empirical evidence shows that entrepreneurs hold a large fraction of wealth, have higher saving rates than workers, and face substantial uninsurable entrepreneurial and investment risks. This paper constructs a heterogeneous-agent general equilibrium model with uninsurable entrepreneurial risk and capital market imperfections to explore the implications of uninsurable entrepreneurial risk for wealth distribution and aggregate activity in an incomplete market economy. It is shown that entrepreurial risk can substantially affect both the wealth distribution and the macroeconomy.


Opinion Polls And Presidential Campaign In Colombia, Fernando Estrada 2010 SelectedWorks

Opinion Polls And Presidential Campaign In Colombia, Fernando Estrada

Fernando Estrada

The polls, these surveys do not withstand any rigorous testing. And contrary to expand the formation of public opinion, impaired. To overcome this defect should propose means fewer surveys and more discussions. Presidential campaigns should seek democratic enlargement, and a less massive media exposure to foot the surveys. Simplify


Determinants Of Housing Prices In Pittsylvania County, Jason Hall 2010 Lynchburg College

Determinants Of Housing Prices In Pittsylvania County, Jason Hall

Undergraduate Theses and Capstone Projects

The purpose of this research is to determine the implicit factors influencing housing prices in Pittsylvania County, a rural county in Southside Virginia. Currently in Pittsylvania County there is a debate over whether or not to mine what is believed to be the largest deposit of uranium in the United States, containing approximately 119 million pounds of uranium ore at an estimated value of $7 billion to $10 billion. The Virginia Coal and Energy Commission issued its final approval for the National Academy of Sciences to study the debate from a socio-economic standpoint. The $1.2 million study is currently ...


The Social Infrastructure And The Civil Institutions In Sudan, Professor Issam A.W. Mohamed 2010 Department of Economics. Al Neelain University, Khartoum, Sudan

The Social Infrastructure And The Civil Institutions In Sudan, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Contemporary Sudanese society endures many hardships which are manifested in economic retraction, inflation, recession and stagflation. However, social conflicts are also manifested in simple man's daily complaints to open rebellions. Most academicians agree on one point, that the society endures abnormal conditions. The current paper aims delves into a historical context of civil society as a concept in general which originated in the west. Next it displays differences between it and the Sudan supposing that there is unique experience appropriate to the Sudanese state of affairs. Therefore that possibility of creating an appropriate term that fully describes the social ...


Reconstruction Of Concept Of Paradigm In Thomas S. Kuhn, Fernando Estrada 2010 SelectedWorks

Reconstruction Of Concept Of Paradigm In Thomas S. Kuhn, Fernando Estrada

Fernando Estrada

This article aims to discuss an evaluation of the concept of paradigm of T. Kuhn in his representative work: The Structure of Scientific Revolutions ERC, [Ku96] and the complementary version by W. Stegmüller, Structure and dynamics of theories EDT, [Steg83]. This refined interpretation of the concept of paradigm allows for a more complete set of central Kuhnian concept.


Democracy In Dangerous Places: Colombia. Vote With Paramilitary Preferences, Fernando Estrada 2010 SelectedWorks

Democracy In Dangerous Places: Colombia. Vote With Paramilitary Preferences, Fernando Estrada

Fernando Estrada

This paper discusses the problem of paramilitary violence in Colombia and its effects on democracy. The elections were part of the purpose of self defense and constituted a disguised form to retain its drug trafficking economy. The impacts on institutional technology have been negative: representative democracy, the electoral system and voting, they were not the same. With paramilitary violence changed the electoral map in areas contested by the traditional political parties. Voting with paramilitary preferences mean the biggest challenge is constitutional democracy in Colombia.


The Impacts Of Water Pollution On Economic Development In Sudan, Professor Issam A.W. Mohamed 2010 Department of Economics. Al Neelain University, Khartoum, Sudan

The Impacts Of Water Pollution On Economic Development In Sudan, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Water pollution is a chronic crisis in Sudan that is rarely researched. However, it is combined with scarcity, disputes and uncertainty. In The current paper we introduce its concepts with emphasis on the growing problems of pollution combined with scarcity. A Case study of the growing problem of pollution is introduced and analyzed using economic parameters.


Antinomies Of Capitalism (Review Of Globalization Its Discontents Joseph Stiglitz, Fernando Estrada 2010 SelectedWorks

Antinomies Of Capitalism (Review Of Globalization Its Discontents Joseph Stiglitz, Fernando Estrada

Fernando Estrada

We present the central arguments of the critics on the limits and scope of globalization on the work


Carnap Model (Cm) Visual Field, Fernando Estrada 2010 SelectedWorks

Carnap Model (Cm) Visual Field, Fernando Estrada

Fernando Estrada

The present paper proposes an interpretation theoretical model of the Aufbau of Rudolf Carnap, this interpretation contributes to upgrade the project original carnapiano, in the sense of conferring to the constitutional program of construction logical, less committed analytic equipment with an ontology or clearly defined epistemology. The setting in phenomenal logical reconstruction practice is elaborated for the visual field as a model whose potential user is a fellow ideal percipient, and, a subject epistemic that operates in the same way that a scheduled computer when he has been given basic phenomenal information and some algorithms logical


Facts And Nature Of Scientific Discovery. Ludwick Fleck And Thomas Kuhn, Fernando Estrada 2010 SelectedWorks

Facts And Nature Of Scientific Discovery. Ludwick Fleck And Thomas Kuhn, Fernando Estrada

Fernando Estrada

Studies of L. Fleck, T. S. Kuhn, N. R. Hanson on the nature of scientific development and thus of a scientific fact, despite their differences, has raised new questions in fields as diverse as the history of science, sociology of science and philosophy of scientific language. At the same time, have pointed unfounded assumptions underlying the current ideas about what are 'facts', and have suggested alternative ways to focus the epistemology of scientific knowledge. Let us identify some detail the implications that flow from our study in this chapter for the proposed research as hypotheses


The Leviathan Of Thomas Hobbes, Fernando Estrada 2010 SelectedWorks

The Leviathan Of Thomas Hobbes, Fernando Estrada

Fernando Estrada

This interpretation of the Leviathan of Thomas Hobbes line of work includes a project from Concept of the Political by Carl Schmitt. It offers a reading from modern political theory as opposed to rational version of the book of Hobbes. The Leviathan from mythological nature preserves from the Biblical and Talmudic tradition, which opens an understanding of the modern State from the medieval stories. Hobbes is one of the first theorists that paves the way for liberalism, but disputed that his work reflects not strictly liberal thought, but the problems of political power during the Monarchies


The Tragedy Of Forced Displacement, Fernando Estrada 2010 SelectedWorks

The Tragedy Of Forced Displacement, Fernando Estrada

Fernando Estrada

o far in 2009, due to the intensification of armed conflict, approximately 15 thousand Colombians crossed some border areas of Colombia with Ecuador, Panama and Venezuela. The Lower Putumayo (Putumayo), area of application of Plan Colombia, was the region most affected by armed confrontation and thus it presented a greater number of Colombians uprooted. From this region generated the most significant exodus to Ecuador (about 7 million people).


Diagrams Of Argumentation, Fernando Estrada 2010 SelectedWorks

Diagrams Of Argumentation, Fernando Estrada

Fernando Estrada

This article is aimed at viewing the evidence in the legal and political debate. A relatively little attention in the literature expert. Relying on the philosophy of science and a little less in legal theory, we note that the explanations under inductive legal and political knowledge, and the arguments about evidence and proof, connections are based on probabilistic and assumptions rebuttable and not on speculations embodied theoretical goal. The support base to represent the legal debate - now has strong political component of formal logic and empirical research.


Human Rights Violations, Missing Justice, Civil Conflicts And Darfur Political Future, Professor Issam A.W. Mohamed 2010 Department of Economics. Al Neelain University, Khartoum, Sudan

Human Rights Violations, Missing Justice, Civil Conflicts And Darfur Political Future, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

This paper reset some facts about Darfur civil conflict. It is brief statement of facts integrated with what I describe here as the missing justice. Violations of human rights are undeniable, but channels of achieving justice are absent. It is my conclusion here that the escalation of civil conflicts in Darfur from armed gangs to rebel groups and then to open civil wars were instigated by concrete evidence of human rights violations, atrocities and genocides and most of all by the inability of the concerned authorities to carry out justice which was lost in the maze of deception, lies, ignorance ...


Politics, Hegemony And Survival In Sudan, Professor Issam A.W. Mohamed 2010 Department of Economics. Al Neelain University, Khartoum, Sudan

Politics, Hegemony And Survival In Sudan, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Since the beginning of the year 2010, the political crisis of Sudan expands everyday. The inevitable secession of Southern Sudan amplifies with the chronic crisis of Abyei pocket between the north and the south. However, most analysts vocalize their astonishment at irrational official behavior as the de facto state of war that currently prevails in the country and call it pure stupidity. In this paper we analyze what is behind the regime structure and the conception of the Hakimya that makes their regime fortified from accepting rationality, resilience and sense of truth to respond for solutions and help of the ...


Brazil Currency Crisis, Yogendra Sisodia 2010 Indian Institute of Capital Market

Brazil Currency Crisis, Yogendra Sisodia

Yogendra Sisodia

Brazil 1999 Currency Crisis. Pre and Post scenario. Contagion in world economy.


Tyranny And Economic Greed: The Disintegration Of The Sudanese Nation, Professor Issam A.W. Mohamed 2010 Department of Economics. Al Neelain University, Khartoum, Sudan

Tyranny And Economic Greed: The Disintegration Of The Sudanese Nation, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

The present paper is part of unpublished book divided into three interrelated manuscripts that analyze the collapse of the Sudan. The current paper conclude that the decision of the International Criminal Court to arrest President Bashir triggered a process for the disintegration of an unprecedented tyrannical regime that embezzled the Sudanese nation under the pretext of imposing Islamic Sharia Laws. However, there is a pronounced prominent conflict manifested here which is the question whether it was a real Islamic laws, or was it only a powerful tool to control the country. The dogma imposed hegemonic regime that extracted all economic ...


The Effects Of Labour Market Performance On Financial System Stability, Tomasz Daras, Joanna Tyrowicz 2010 University of Warsaw

The Effects Of Labour Market Performance On Financial System Stability, Tomasz Daras, Joanna Tyrowicz

Joanna Tyrowicz

Crisis may spread through economy via the propagating mechanisms of the labour market - households becoming delinquent due to initial unemployment shock may be unable to continue servicing obligations versus the financial system. With large volume debts - e.g. mortgages - such defaults pose a threat to financial system stability. In this paper we use the Polish household budgets survey to simulate the impact of changes in the labour market status of household members on the ability of the household to service its mortgage payments. The simulation results are subsequently aggregated to facilitate macro-level interpretation of the findings. We simulate various scenarios ...


Shadow Employment In Post-Transition - A Matter Of Choice Or No Choice?, Stanislaw Cichocki, Joanna Tyrowicz 2010 University of Warsaw

Shadow Employment In Post-Transition - A Matter Of Choice Or No Choice?, Stanislaw Cichocki, Joanna Tyrowicz

Joanna Tyrowicz

According to a dualistic view, shadow employment may follow from two main labour market failures: (i) official market labour taxation distortions make it ineffective for some agents to engage in registered employment due to a tax wedge; or (ii) for some workers regular employment may be unattainable do to some high access costs or demand constraints, which results in seeking earning opportunities beyond the boundaries of the official labour market. Whereas in the first case revenues from unofficial employment should be higher than the corresponding official ones (tax evasion hypothesis), in the alternative explanation labour market tightness seems to be ...


Do We Really Need To Start From Scratch?, Michal Gradzewicz, Krzysztof Makarski, Joanna Tyrowicz 2010 National Bank of Poland

Do We Really Need To Start From Scratch?, Michal Gradzewicz, Krzysztof Makarski, Joanna Tyrowicz

Joanna Tyrowicz

This paper presents views and believes of the authors on the relevance of the current economic theory for the understanding of the complex world we live in. Has the crisis indeed demonstrated that as profession we are misled by the beauty of the mathematical models and the only useful, workable solutions at hand were provided in early 1930s? The purpose of this paper is to provide a review of the current state-of-the-art literature from the perspective of its usefulness in the context of economic crises. We argue that although we might be unable to answer many questions or to “predict ...


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