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11  Articles
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Productivity is something that can affect distribution of the characteristics of the assets. In this study, we investigate whether manufacturing firms in Indonesia that have high productivity have a high level of liquidity. This study uses data from manuf... see more

Luigi Einaudi was a well-known economist in Italy and abroad, a very prolific journalist, a great public figure particularly after the end of the Second World War. As his thoughts and writings were permeated with a solid liberalism, he was keen on looking... see more

Today the phenomenon of the influence of corruption to economic growth has been a fairly hot issue of debate, both theoretically and empirically. The research uses a data panel analysis with a Random Effect Model approach to determine if corruption has a ... see more

High inflation disrupts the organization of markets. This paper relates those “Industrial Organization” effects of inflation to the poor growth performance of high-inflation economies, in the context of a Schumpeterian growth model.

Budget slack costs institutions money because there is a misallocation of assets. Therefore, organizations have a vested interest in hiring managers who do not have a propensity toward creating slack. Budget slack results when managers intentionally inclu... see more

AbstractIn the event of total trade sanctions South Africa should have no difficulty in countering the ban on mineral exports, especially precious metals. Furthermore, earnings from precious metals are likely to increase in the short term followed by a gr... see more

Tremendous agricultural potential in Colombia has gone untapped for decades due to: i) civil strife and the criminal drug trade; ii) uncertain property rights; iii) inadequate infrastructure; iv) lack of innovation and technological development;... see more

Germany has one of the highest current account surpluses in the world. This is criticised by its global trading partners and is subject to the European Macroeconomic Imbalance Procedure as well as to the IMF and the new us-government. However, this phenom... see more

At present the ECB is striving, through its so-called zero interest rate policy, to avoid deflationary developments because, as past experience shows, a further price decay would be expected to lead to bankruptcies and be a strain on the real economy. Com... see more

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