Criticisms of this system led to fixed-price contracts, but these have the drawback that it is often so difficult to define the end point of a research contract that the contractor can treat a fixed-price agreement as if it were cost-plus.
And metaphor is, of course, a kind of heuristic modeling technique. And for those, like me, who basically try to understand the world through the metaphors provided by models, the advice is not to let important ideas slip by just because they haven't been formulated your way.
But that means imperfect competition, and nobody knows how to model that, so this paper doesn't make any sense. Inventions come from research—careful, focused, sustained inquiry, frequently trial and error.
With the many uncertainties of research and development, true economy is more likely to lie in high-quality work than in low pricing. Thus the maps showed Timbuktu, the River Niger, and so forth. She cannot raise her price as much as she would like.
Even in the United States, with its relatively few government laboratories, government research contracts account for almost half of all R and D expenditures. Standard economic model includes unbounded rationality, unbounded willpower and unbounded selfishness.
In the United States, Leo H. Given this volume we regret that we cannot provide explanations on our desk reject papers. The distinctive features of high development theory came out of its explanation of the nature of the positive feedback that can lead to self-reinforcing growth or stagnation.
And how do you know that the model is good. Consider, for example, what may have been Hirschman's most cited concept, that of "linkages. The pattern that a particular country will follow, in this framework, depends on its size and resources, and potentially other factors including its current income level and comparative advantages relative to other nations.
The broad area of the journal encompasses ways of availing better and cheaper health services, medical insurance and relevant discussions, health policies and medical expenditure planning, novel and latest technologies aiding medical economics, better and cheaper diagnostics methods, patient management and related economics, economical issues related hospital management, management of diseases especially those which cost a lot to the patient for medical management, mathematical or computational prediction or modeling related to health economics, analysis of the clinical trial data in association to medical economics.
Journal of Policy Modeling, 30, — So each producer in the modern sector will set the same price, unity, as would have been charged in the traditional sector. Some countries, according to this view, remain underdeveloped because they have failed to get this virtuous circle going, and thus remain stuck in a low level trap.
How did Murphy et al break through this wall of confusion. Hirschman made a significant contribution to the formal theory of devaluation in the s, while Fleming helped create the still influential Mundell-Fleming model of floating exchange rates.
But others at least professed to see a less formal, less disciplined approach as a virtue rather than an awkward necessity. They did, however, contain quite a lot of information about the interior, based essentially on second- or third-hand travellers' reports.
Most of their clients are companies that lack adequate facilities of their own and that in the course of time either learn to stand on their own feet or go out of business. So if modernization can be gotten started on a sufficiently large scale, it will be self-sustaining, but it is possible for an economy to get caught in a trap in which the process never gets going.
The Development Economics research group is part of a large and active community of researchers within Oxford analysing development issues from both a theoretical and an empirical perspective. Research Journal of Economics (RJE) is a double-blind peer-reviewed international journal dedicated to promoting scholarly exchange among academicians, corporate practitioners and research scholars in the field of economics, financial economics and.
Articles in "Economic Development" Main Content. Through education, research and service, Mississippi Public Universities are at the leading edge of that progress.
Seizing these opportunities takes teamwork of many, including government, military, business and academia. The Journal of Development Economics publishes original research papers relating to all aspects of economic development - from immediate policy concerns to structural problems of underdevelopment.
The emphasis is on quantitative or analytical work, which is. The article then discusses the role of CSR in community development because the very logic of CSR is towards seeing its impact in community socially, environmentally and economically. Nov 09, · The Economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them.Research articles on development economics