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This paper documents cyclical asymmetries in the aggregate investment activity of UK industrial and commercial companies. The ability of a model of aggregate activity based on heterogeneous actions under non‐convex adjustment at the individual level to account for this feature is then investigated. Aggregate activity is found to be consistent with non‐convex adjustment at the individual level. Asymmetric features of microeconomic adjustment technology do not appear crucial for understanding aggregate non‐linearities.

"Following the move by Chiang Kai-shek and the Chinese Nationalist Party Kuomingtang (KMT) to Taiwan after losing the Chinese civil war to the Chinese Communist Party (CCP) in the late 1940s, and his subsequent lifelong vow to reclaim the mainland, "China " has occupied if not monopolized the gaze of Taiwan, where its projected images are reflected. Whether mirror image, shadow, or ideal contrast, China has been, and will continue to be, a key reference point in Taiwan's convoluted effort to find its identity. Language, Politics and Identity in Taiwan traces the intertwined paths of five sets of names Taiwan has used to name China since the KMT came to Taiwan in 1949: the derogatory "Communist bandits" the ideologically focused "Chinese Communists"; the seemingly neutral geographical designators "mainland" and "opposite shore/both shores"; and the ethnic and national label "China" with the official designation, "People's Republic of China." In doing so, it explores how Taiwanese identities are constituted and reconstituted in the shifting and switching of names for China; in the application of these names to alternative domains of Taiwanese life; in the waning or waxing of names following tides of history and polity; and in the increasingly contested meaning of names. Through textual analyses of historical archives and other mediated texts and artifacts, the chapters chart Taiwan's identity negotiation over the past half century and critically evaluate key interconnections between language and politics. This unique book will be of great interest to students and scholars of Taiwan studies, Chinese politics, communication studies and linguistics."--

In the article, we analyze how names for China are used by five ROC presidents in National Day speeches over 58 years (1949–2007), including "communist bandits"; "Chinese communists"; "mainland" and "opposite shore/both shores"; "China"; and "People's Republic of China." Each name registers unique historicity and each displays associated expressions, reshuffling power structures and allowing negotiation of ideological positioning. Sometimes overlapping, sometimes joining at edges, these names cleave to inconsistent layers of meaning, helping presidents negotiate courses of action in Taiwan's yet-to-be-resolved political identity.

This study explores how "New Taiwanese" was offered and constructed as a viable identity category for people in Taiwan through the news discourse of the United Daily News (UDN) referenced in 922 news reports between 1987 and 2007. From the term's first appearance in 1987, its promulgation as official discourse by the KMT government primarily between 1998 and 2000, to the end of 2007, "New Taiwanese" as an identity project (Laitin, 1998) has been utilized and challenged by political players of various camps at different junctures to achieve their political agenda. It has also gradually transformed its references and modified its meanings to join in the construction of Taiwan's national identity. As a mediating concept for "Taiwanese" and "Chinese," "New Taiwanese" has maintained a precarious and ambivalent positioning, having to constantly adjust to shifting ethnic relations of Taiwanese people and their complex, in-flux array of national identifications.

This text highlights the major empirical questions and issues facing Post Keynesian economics today. Featuring contributions by leading Post Keynesian economists, it focuses on public policy and real-life analysis of this vibrant and dynamic economic theory. In language that is accessible to upper-level undergraduate and graduate students, professional economists, and public policy makers, each of the chapters takes on a specific issue of concern to all professional economists, provides empirical analysis of the issue, and then discusses the Post Keynesian view on the topic and contrasts it wi

This book focuses on the emergence and expansion of media markets; high-performance sport's transformation by, and effects upon, Cold War dynamics and inter-relations and the implications of the Treaty of Rome for an emerging European identity in sport as in other areas. It traces the connections between the forces of ideological division, economic growth, leisure consumption, European integration and the development of European sport, and examines the role of sport in the changing relationship between Europe and the US. Illuminating a key moment in global cultural history, this book is import