Hypercomplex Knowledge in a Knowledge-Based Economy

Ježić, Zoran

doi:10.1080/1331677x.2012.11517500

Cited by 2 publications

(1 citation statement)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…10 Otherwise, any austerity measures will create more harm in the long run than they create benefits. For example, Ježić (2012) recommended that Croatia needs to increase its human capital investment. However, we note that the government reduced it in 2014 by 1.95% as a consequence of the European austerity policy, although the educational expenditures was only 4.2% of the Croatian GDP (2011) which was far less than the EU and Organisation for Economic Cooperaton and Development (OECD) average of 5.28%.…”

Section: Discussionmentioning

confidence: 99%

Enhancing growth and welfare through debt-financed education

Stauvermann

Kumar

2017

Economic Research-Ekonomska Istraživanja

View full text Add to dashboard Cite

Using an overlapping generations (OLG) model, we show how relatively small open economies can enhance their growth through educational subsidies financed via public debt and reduce their fertility rate. We show that subsidising education through public debt leads to an A-Pareto improvement of all generations. Even if a country is a net borrower in the international capital market, we show that this subsidy policy can help, under certain conditions, to improve its net borrowing position. This has strong implications for the calculation of the 3% deficit to Gross Domestic Product ratio set by the European Union because the analysis implies that public expenditures for education should be subtracted from the government deficit before applying the deficit criterion. SUBJECT CLASSIFICATION CODESE62; h23; o15; o41 ARTICLE HISTORY

show abstract

Section: Discussionmentioning

confidence: 99%

Enhancing growth and welfare through debt-financed education

Stauvermann

Kumar

2017

Economic Research-Ekonomska Istraživanja

View full text Add to dashboard Cite

show abstract

Probabilistic double hierarchy linguistic alternative queuing method for real economy development evaluation under the perspective of economic financialization

Gou

Xiao

Huang

et al. 2021

Economic Research-Ekonomska Istraživanja

View full text Add to dashboard Cite

With the development of science and technology, the new road of scientific economic and financial development has played a decisive role in supporting the financial undertaking. To accelerate the economic development, it is very important to increase the guiding role of financial undertaking in the real economy. Therefore, it is necessary to promote the development of the real economy under the perspective of economic financialization based on some actions. To judge the implementation effect of these actions, this paper develops a multiple criteria decisionmaking (MCDM) method to evaluate them. First, the decisionmaking matrices are established with the probabilistic double hierarchy linguistic term set in which the probabilities are added to all double hierarchy linguistic terms. Additionally, a weightdetermining method is developed to obtain the weight vector of criteria, and we develop a MCDM method named the probabilistic double hierarchy linguistic alternative queuing method (PDHL-AQM), where the decision-making result is intuitive by a directed graph or a 0-1 precedence relationship matrix. Furthermore, we apply the PDHL-AQM to solve a practical MCDM problem involving the real economy development evaluation under the perspective of economic financialization. Finally, some comparative analyses are made to show the advantages and reasonableness of the PDHL-AQM.

show abstract

Hypercomplex Knowledge in a Knowledge-Based Economy

Cited by 2 publications

References 0 publications

Enhancing growth and welfare through debt-financed education

Enhancing growth and welfare through debt-financed education

Probabilistic double hierarchy linguistic alternative queuing method for real economy development evaluation under the perspective of economic financialization

Contact Info

Product

Resources

About