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This model was developed by Paul Samuelson, who credited Alvin Hansen for the inspiration. [ 1 ] [ 2 ] [ 3 ] This model is based on the Keynesian multiplier , which is a consequence of assuming that consumption intentions depend on the level of economic activity, and the accelerator theory of investment , which assumes that investment ...
The book uses economic theory to discuss and to quantify popular concepts of modern business strategy. [2] The text is technical in its approach but accessible due to its numerous real-world examples. The examples are drawn from around the globe and cover various business practices from the eighteenth century to modern days. Key economic ...
In macroeconomics, a multiplier is a factor of proportionality that measures how much an endogenous variable changes in response to a change in some exogenous variable. For example, suppose variable x changes by k units, which causes another variable y to change by M × k units.
However, it does not provide a very deep analysis. The overall effects of a parallel change in the yield curve are supplied but there is none of the more detailed analysis supplied by a true fixed-income decomposition. A useful account of sector-based attribution, with worked examples, is provided in Dynkin et al. (1998).
The Regional Input–Output Modeling System (RIMS II) is a regional economic model developed and maintained by the US Bureau of Economic Analysis (BEA).. Regional input–output multipliers such as the RIMS II multipliers allow estimates of how a one-time or sustained increase in economic activity in a particular region will impact other industries located in the region—i.e., estimating ...
A valuation multiple [1] is simply an expression of market value of an asset relative to a key statistic that is assumed to relate to that value. To be useful, that statistic – whether earnings, cash flow or some other measure – must bear a logical relationship to the market value observed; to be seen, in fact, as the driver of that market value.
A respending multiplier had been proposed earlier by Hawtrey in a 1928 Treasury memorandum ("with imports as the only leakage"), but the idea was discarded in his own subsequent writings. [37] Soon afterwards the Australian economist Lyndhurst Giblin published a multiplier analysis in a 1930 lecture (again with imports as the only leakage). [38]
A reactor has no proactive strategy, often reacting to events as they occur, or alternatively they may have a defined strategy and organizational structure which are no longer appropriate for their commercial environment. Such businesses respond only when they are forced to by macro environmental pressures. This is the least effective of the ...