Research ArticleOpen accessEvery word in the titleAccelerators in Macroeconomics: Comparison of Discrete and Continuous ApproachesVasily E. Tarasov, Valentina V. TarasovaWe prove that the standard discrete-time accelerator equation cannot be considered as an exact discrete analog of the continuous-time accelerator equation. This leads to fact that the standard discrete-time macroeconomic models cannot be considered as exact discretization of the corresponding continuous-time models. As a result, the equations of the continuous and standard discrete models have different solutions and can predict … …American Journal of Economics and Business Administration, Vol. 9, Issue 3 · 10 Nov 2017 · 8,633 accessesView PDFCite
Research ArticleOpen accessIn the keywordsOpportunistic Behavior as Behavior ManipulationsElena Yakovleva, Natalia Grigoryeva, Olga GrigoryevaThe study of opportunistic behavior in relation with manipulation techniques is important because it directly affects the efficiency of agent's relationship. We identified two forms of opportunistic behavior that depend on the subject composition of the contractual relationship. In the article we attempt to identify significant techniques of manipulation of information. It is important to understand real nature of opportunism … …American Journal of Applied Sciences, Vol. 13, Issue 9 · 27 Sep 2016 · 7,995 accessesView PDFCite
Research ArticleOpen accessIn the keywordsRoles of Macroeconomic Variables on Agricultural Diversification in NigeriaSunday B. Akpan, Samuel J. Udoka, Inimfon V. PatrickThe study examined the trend in agricultural diversification index from 1960 to 2014 in Nigeria. It also determined the influence of some macroeconomic variables on the estimated index. Augmented Dickey-Fuller-GLS unit root test showed that all series were integrated of order one. The long-run and short-run elasticity of the agricultural diversification index with respect to the specified macro-economic variables were … …American Journal of Economics and Business Administration, Vol. 7, Issue 2 · 9 Jul 2015 · 7,491 accessesView PDFCite
Research ArticleOpen accessIn the abstractA VAR Model for Forecasting Land Market Value in USALei WangForecasts of the future tendency of economic variables such as GDP, inflation rate and unemployment rate, arise many interests from business and government. Also, Modeling the land market at the national level can capture rich dynamic presenting in interdependent economies. In this paper, we studied a Vector Auto-regression (VAR) of Land Market Value and five US macroeconomic variables. We employed … …Journal of Mathematics and Statistics, Vol. 14, Issue 1 · 1 Jan 2018 · 7,639 accessesView PDFCite
Research ArticleOpen accessIn the abstractComputational Techniques for Stability Analysis of a Class of Dynamic Economic ModelsGeorge E. Halkos, Kyriaki D. TsilikaModern microeconomics and macroeconomics study dynamic phenomena. Dynamics could predict future states of an economy based on its structural characteristics. Dynamic models in discrete time discrete state economic systems may take the form of one single linear difference equation or a system of linear difference equations. In this study we use Xcas and Mathematica as software tools in order to … …American Journal of Applied Sciences, Vol. 9, Issue 12 · 12 Dec 2012 · 7,379 accessesView PDFCite