An endogenous growth model with endogenous money supply. Integration of post-Keynesian growth models

Article Abstract:

An integration of post-Keynesian growth models, such as those given by Kalecki and Harrod, shows several common points in terms of interest rate and steady growth rate. An analysis shows that long-run interest rate is based on profit rate and that saving ratios affects the real and nominal interest rates. Integration of models also shows that an economy has a possibility of collapsing due to global instability of steady growth rate. The integrated models, however, show differences especially with regards to determining whether financial sector functioning serves as an inflation barrier or not.

Interest rates, Growth, Growth (Physiology), Money supply

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Enterprise performance and macroeconomic control

Article Abstract:

Macroeconomic control plays a vital role in the economic performance of a country. The implementation of poor economic control by the government negatively affects the economic performance of a country as shown by its key economic indicators such as inflation and investment rates. Poor economic control is also shown to result in weaker and lower investments. Aspects that should be included in economic control includes tax administration, banking supervision, exchange rate management and enforcement of hard budget constraints.

Research, Economic policy, Macroeconomics

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The human development index: suggested corrections

Article Abstract:

Full substitutability and equal weighting principles of the human development index (HDI) have been found to be ineffective in determining appropriate HDI values and should therefore be dropped. An index can be devised with equal distribution of values of the component variables to correct HDI in proportion to a country's distance from the perfect equilibrium point while differential weighting may be substituted with a line in three dimensional space.

Methods, Economic indicators, Social economics, Socioeconomics, Indexation (Economics)

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