Empirical evidence for the United States suggests that private consumption of durable and nondurable goods have a positive response to government spending shocks. Moreover, the markups for both goods tend be procyclical on productivity shocks and countercyclical on demand shocks. These facts contrast with the results obtained from standard two-sector New Keynesian models with perfect financial markets. In this paper we address these shortcomings by introducing habit formation on the consumption of both durable and nondurable goods. Habit formation on differentiated goods - i.e. Deep Habits - proves to significantly alter the dynamics of the model. However, the effects from habits on durable goods are only meaningful when defined over purchases rather than stocks. When we introduce capital formation into the model, it continues to be consistent with the responses observed in the data. ; info:eu-repo/semantics/publishedVersion
Due to the rapid changes and societal challenges, such as the need to create qualified employment for young people and to find new ways to develop territories through strategies of smart specialization, the Creative and Cultural Industries have been given great importance as a sector capable of empowering economic development and sustainable society. There are many examples of countries, regions and cities - territories - that have developed on the basis of the creative and cultural industries, and in many cases the role of Public Policies has been decisive. And with more practical evidence of visible and measurable results, it is certain that creative and cultural activity has definitely entered the agenda of governments and politicians; and although public discourse on its importance can often be part of politicians' marketing (because it is also good for the public image and generally investment in creativity and culture is well accepted by society), the truth is that in the last decade it has been produced technical and scientific knowledge that demonstrates a growing economic/commercial and symbolic/aesthetic value of creative and cultural activities.
The main thrust of this research is to contribute to theory building in the Theory of Constraints (TOC) in logistics management and its applicability in Oman Higher Education Institutions (referred to as HEI right through), with focus on colleges and universities. One of the two major theories of higher education said a blend of theory and practice was the only way to get quality graduates in HEI. The research will explore gaps in knowledge regarding these theories as a contribution to knowledge. Logistics will be looked at in this research as a support function for marketing strategy. Market orientation is a company philosophy focused on discovering and meeting the needs and desires of company or organizational customers through its products mix, and in this instance HEI will be expected to meet foremost the needs of industry and government as employers of graduated students, then the needs of students and society. Axtell quoting Lombardi argued that the quality of university research drove the quality, breadth, and depth of the undergraduate curriculum and that teaching delivered the state of current knowledge while research pursued knowledge at the boundaries of our current understanding, (Axtell, 2016:3510). Field research would shed light on research-teaching nexus in Oman compared to the GCC and the world at large. This will be an intensive in-depth single case study, with Oman being the case. This research paper focused the management of constraints in higher education teaching and learning in Oman and understanding market orientation and quality service delivery. This paper is constructed from the researcher's PhD thesis as a way of disseminating critical new knowledge on higher education in Oman and globally, for the betterment and benefit of academia and society.
Editorial. ; F.M.'s team is supported by grants from Ministerio de Economia y Competitividad of Spain (SAF2011-30518), Red Temática de Investigación Cooperativa en Cáncer, Instituto de Salud Carlos III, cofunded by the Fondo Europeo de Desarrollo Regional of the European Union (RD12/0036/0065), European Community's Seventh Framework Programme FP7-2007-2013 (Grant HEALTHF2-2011-256986, PANACREAS), and Junta de Castilla y León (CSI221A12-2). ; Peer Reviewed
Spanish unions are facing the same challenges as other European unions - but they are also having to cope with the economic, political and cultural legacy of the Franco regime. In this article, Faustino Miguélez, looks at how that legacy has coloured their response to issues like unemployment, the changing labour market, and the impact of new technology. Despite their low membership, the unions still exert great influence on Spanish society. They are trying to overcome their historic divisions, and to broaden their social base by building closer links with other civic groups. They are making determined efforts to attract the growing number of women workers and workers in insecure jobs to the union movement. Membership is strong in the public sector, and among the new high-tech workers. But the unions have made little impact in the burgeoning number of small firms, and their internal structure has to become more decentralised. As for Europe - that will have to wait. It barely figures on the agenda of most Spanish workers, says Senor Miguélez, and union policy reflects this. The emphasis is still mostly on regional and national issues. Perhaps that too is a legacy of the isolationism of the Franco regime.
The author examines the major characteristics of trade policies of the Philippines under the Presidents Magasaysay, Marcos, Aquino and Ramos, how they are changing and what accounts for the change. The author believes that the most important lesson to be drawn from the Philippine experience is the importance of participating in global and regional commitments. (DÜI-Sen)