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Full-Text Articles in Business
Intangible Capital In A Real Business Cycle Model, Kashif Malik, Syed Ali, Ahmed Khalid
Intangible Capital In A Real Business Cycle Model, Kashif Malik, Syed Ali, Ahmed Khalid
Ahmed Khalid
Recent empirical studies have shown that intangible capital plays an important role in explaining productivity gains that have occurred during the last two decades. By introducing intangible capital in an otherwise standard theoretical real business cycle model, this paper aims to provide a theoretical foundation of the empirical findings. Our results indicate that investment in intangible capital is pro-cyclical. Both transitory aswell as permanent productivity shocks increase investment in intangible capital. However, in case of a permanent technology shock we learn that firms allocate more labor and physical capital to the creation of intangible capital which increases future profits at …
Do Sweat It: Using A Fitness Session As An Introduction To Research On The Relationship Between Physical And Mental States, A. Kenworthy, George Hrivnak
Do Sweat It: Using A Fitness Session As An Introduction To Research On The Relationship Between Physical And Mental States, A. Kenworthy, George Hrivnak
George Hrivnak
In this article, a hands-on experiential exercise session in a fitness centre is presented as a teaching tool for management instructors to facilitate a theoretically based discussion about the connection between individuals' physical and mental states. Before discussing the components of the exercise session itself, a rationale for integrating this exercise into management courses is presented. The exercise session is then described, with an overview of the logistics and operational components including both the legal release form and the reflection questions that are used before and after the session. Readers are encouraged to consider integrating this teaching tool into any …
Decision-Making In Economics: Critical Lessons From Neurobiology, Renato Alas, Kuldeep Kumar, Avik Mukherjee, Munirul Nabin, Sukanto Bhattacharya
Decision-Making In Economics: Critical Lessons From Neurobiology, Renato Alas, Kuldeep Kumar, Avik Mukherjee, Munirul Nabin, Sukanto Bhattacharya
Kuldeep Kumar
In this chapter, the authors consider some of the issues regarding the rational choice decision framework in neoclassical economics and how it can particularly be found wanting in the absence of due consideration for some of the underlying critical neurobiological factors which govern decision making. They develop a critical decision problem and explore the scenario where the solution predicted by formal economic theory may be in conflict with the decision that actually occurs. Such conflict is especially relevant in the context of economic decision making in emerging markets where there can be a lack of trust in the system by …