nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2005‒05‒23
two papers chosen by
Karl Petrick
Leeds Metropolitan University

  1. “Dynamic Effects of Migrant Remittances on Growth: An Econometric Model with an Application to Mediterranean Countries”. Discussion Paper, No. 74, KEPE, Athens, 2002. By NICHOLAS GLYTSOS
  2. Application of Method of System Potential in Analysis of Economic System Evolution (english version). By Grigorii Pushnoi

    Abstract: This paper builds a Keynesian type econometric model with a dynamic perspective and a sound theoretical basis, for investigating the impact of remittances on consumption, investment, imports and output. It estimates short and long-run multiplier effects of exogenous shocks of remittances, with data from five Mediterranean countries. The analysis reveals a uniform country performance of instability and uncertainty, with great temporal and inter-country fluctuations of remittance effects. The findings point to different inter-country priorities of remittance spending and to an asymmetric impact of remittance changes, in the sense that the good done to growth by rising remittances is not as great as the bad done by falling remittances.
    Keywords: Keywords: Migration, Remittances, Growth, Dynamic Model, Mediterranean Countries
    JEL: F22 O11 O19
    Date: 2005–05–14
  2. By: Grigorii Pushnoi (International Bogdanov Institute)
    Abstract: The mathematical formulation of new System Method based on ideas of “system potential” and “conditions of its realization” is given. Cyclical dynamics of “efficiency of work” of a complex adaptive system follows from this Method. These cycles have the properties like to the properties of typical business cycles. It is proposed to identify these evolution cycles of complex adaptive systems as applied to economic system with business cycles.
    Keywords: business cycle, catastrophe jump, economic potential, complex adaptive system
    JEL: O P
    Date: 2005–05–21

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