Are consumer durables important for business cycles?

Article Abstract:

A two-sector neoclassical model that simulates business cycles characterized by comovement and cross-sector volatility is developed to determine the role of consumer durables in creating and spreading said business cycles. Results indicate that higher volatility of durables are caused by endogenous investment accelerators and higher volatility of productivity shocks. However, the model does not consider the depreciation rate of consumer durables.

Models, Economic aspects, Business cycles, Durable goods

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The dynamics of productivity in the telecommunications equipment industry

Article Abstract:

The effects of technological change and deregulation on productivity in the telecommunications equipment industry are studied. Results show that deregulation increased aggregate productivity due to the reallocation of capital and improvements in plant efficiency. However, the growth of productivity and sales between plants varied with time. A model for predicting production function parameters is also derived.

Communications Equipment, Telecommunications Equipment, Communications Equipment Manufacturing, Telecommunications industry, Telecommunications equipment industry, Telecommunications systems, Deregulation

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FISCAL POLICY AND CONSUMER BEHAVIOR

Article Abstract:

CONFLICTING ECONOMIC THEORIES EXPLAINING THE IMPACT OF GOVERNMENT DEFICITS ON CONSUMER EXPENDITURES ARE DISCUSSED. THE EMPIRICAL INVESTIGATION UTILIZES THE COMPONENTS OF LIFE-CYCLE INCOME. ESTIMATES OF THE CONSUMPTION FUNCTION ARE GENERATED USING STATISTICAL TECHNIQUES. RESULTS INDICATE THAT CONSUMERS PERCEIVE GOVERNMENT DEFICITS AS IMPLYING HIGHER FUTURE TAXES.

Laws, regulations and rules, Economic policy, Economics, Beliefs, opinions and attitudes, National government, Consumers, Federal government, Attitudes

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