...Helga Habis Purpose Our result of this paper aims to indicate that the beta pricing formula could be applied in a long-term model setting as well. Design/methodology/approach In this paper, we show that the capital asset pricing model can be derived from a three-period general equilibrium...

... sectors via a node theoretic scheme based on a general equilibrium framework, whereas it estimates the general equilibrium equation as a Global Vector Autoregressive process, taking into consideration the potential existence of dominant units. Findings Based on our findings, the dominant sector...

...Dionysios Karavidas Purpose This paper aims to shed light on two mechanisms that show how foreign productivity improvement affects domestic welfare. Design/methodology/approach First, this study applies a general equilibrium model that takes into account how wages respond to productivity...

... the consumption-Laffer curves, and Section 6 concludes. Bulgaria Fiscal policy General equilibrium Consumption tax Consumption-Laffer curve VAT evasion D58 E26 H26 where τ^y is the proportional income tax rate (0<τ^y<1...