Articles by : Dovbenko Mykhailo № 4/2004
History of economic thoughtDOVBENKO Mykhailo 1
1Verkhovna Rada of Ukraine
Economic theory: a 35 years old experiment
ABSTRACT ▼
While the period from 1946 to 1971 was called by economists «Keinesyan Age», what happened in economic theory after that? Was the economic theory of recent decades a flight of economic science or its crisis? What affect did the introduction of Nobel Prizes on economics in 1969 have on its development? On the basis of analysis of the scientific contribution of Nobel Prize winners and generalization of their theories, concepts, models and ideas, the author proposes answers to that and other questions and shows a huge influence, which Nobel awards have on the development of economic science and formation of economic practice.
Keywords:
| Article in Russian (pp. 53 - 65) | Download | Downloads :107 |
| Article in Ukrainian (pp. 53 - 64) | Download | Downloads :344 |
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№ 2/2005
History of economic thoughtDOVBENKO Mykhailo 1
1Verkhovna Rada of Ukraine
On consistency and transparency of economic policy
ABSTRACT ▼
The author presents the basic contribution of American economists E.Prescott and F.Kewland to dynamic macroeconomic theory (it is exactly on the results of their research in that sphere that they were awarded Nobel Prize in 2004). the authors analyze the models elaborated by the above mentioned economists.
Keywords:
| Article in Russian (pp. 107 - 115) | Download | Downloads :56 |
| Article in Ukrainian (pp. 107 - 114) | Download | Downloads :87 |
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№ 1/2007
History of economic thoughtDOVBENKO Mykhailo 1
1Verkhovna Rada of Ukraine
Macroeconomic approach to … the nobel prize
| Ekon. teor. 2007; 1:92-99 | |
ABSTRACT ▼
The author highlights the contribution to the world intellectual treasure by American economist Edmund Phelps. For the results of his research on intertemporal tradeoffs in macroeconomic policy he was awarded Nobel Prize in Economics of 2006.
Keywords: Edmund Phelps, Nobel prize, analysis of intertemporal correlations
JEL:
| Article in Russian (pp. 92 - 99) | Download | Downloads :96 |
| Article in Ukrainian (pp. 92 - 99) | Download | Downloads :124 |
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№ 1/2008
History of economic thoughtDOVBENKO Mykhailo 1
1Verkhovna Rada of Ukraine
The creators of the economic mechanisms of collective choice
ABSTRACT ▼
The author highlights the intellectual contribution in the world scientific treasury made by American economists L.Hurwicz, R.Myerson and E.Maskin, who were awarded 2007 Nobel Prize for having laid the foundations of mechanism design theory.
Keywords:
| Article in Russian (pp. 55 - 65) | Download | Downloads :208 |
| Article in Ukrainian (pp. 55 - 65) | Download | Downloads :130 |
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№ 4/2008
History of economic thoughtDOVBENKO Mykhailo 1
1Verkhovna Rada of Ukraine
A weighty assessment of "New international economy"
ABSTRACT ▼
JEL:
| Article in Russian (pp. 78 - 89) | Download | Downloads :201 |
| Article in Ukrainian (pp. 78 - 89) | Download | Downloads :402 |
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1. Biukenen Dzh.M. Sochynenyia: V 2-kh t. – T. 1. – M.: "Taurus Alfa", 1997. – 560 s.
2. Biukenen Dzh.M., Masgreyv R.A. Suspilni finansy i suspilnyy vybir: dva protylezhnykh bachennia derzhavy. – K.: "KM Akademiia", 2004. – 175 s.
3. Institucional`naya ekonomika: novaya institucional`naya ekonomicheskaya teoriya: Uchebnik. – M.: YNFRA-M, 2005. – 416 s.
4. Malyy I. Y., Dyba M.I., Galaburda M.K. Derzhava i rynok: filosofiia vzaiemodii: Monografiia. – K.: KNEU, 2005. – 358 s.
5. Olejnik A.N. Institucional`naya ekonomika: Uch. posob. – M.: YNFRA – M, 2002. – 416 s.
6. Stiglits Dzh.E. Ekonomika derzhavnogo sektora. – K.: "Osnovy", 1998. – 854 s.
7. Shamkhalov F.I. Gosudarstvo i ekonomika: vlast` i biznes. – M.: "Ekonomika", 1999. – 414 s.
№ 4/2009
History of economic thoughtDOVBENKO Mykhailo 1
1Verkhovna Rada of Ukraine
The Nobel assessment of the achievements of economic institutions
ABSTRACT ▼
The author presents the original ideas of American economists O.Williamson and E.Astrom whose views constitute the new institutional economic theory (HIET). It is exactly for their pioneer research on economic organizations, which considerably widened our understanding of non-market institutions that they were awarded the 2009 Nobel Prize in Economics (despite the fact that the two scholars have no joint works).
Keywords:
| Article in Russian (pp. 65 - 74) | Download | Downloads :107 |
| Article in Ukrainian (pp. 65 - 74) | Download | Downloads :195 |
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№ 1/2013
History of economic thoughtDOVBENKO Mykhailo 1
1Verkhovna Rada of Ukraine
The nobelian assessment of the practicality of the games theory
ABSTRACT ▼
The author investigates the foundations of institutional trust to the state policy and institutions. The author attempts to systemize the main theories of trust in economic, political and social sciences, which allows defining the main components of institutional trust. The article considers the institution of independence of the central bank and its impact on the creation of trust to the monetary policy.
Keywords:
| Article in Russian (pp. 78 - 85) | Download | Downloads :64 |
| Article in Ukrainian (pp. 78 - 85) | Download | Downloads :110 |
REFERENCES ▼
1. Tytysh G. , Grygorash A. (2012) Liudy na organy. V Ukraini gotuiut novi pravyla transplantatsii Ukrainska pravda. – 11 grudnia.
2. Gale D., Shapley L.S. (1962) College Admission and the Stability of Marriage American Mathematical Monthly. – Vol. 69. – P. 9–14.
3. Kagel, J. and Roth, A. (1995). Handbook of Experimental Economics. Princeton University Press, Princeton. – P. 22.
4. Milnor J. W., Shapley L. S. (1961). Values of large games II: Oceanic dames, RM-2649, The RAND Corporation, Santa Monica, California, 1961.
5. Ochs, J., Roth A. E. (1989). An Experimental Study of Sequential Bargaining American Economic Review. – Vol. 79. – R. 355–384.
6. Roth A. (1976). Subsolutions and the supercore of cooperative games, Mathematics for Operation Research. – Vol. I.
7. Roth A. (1979). Axiomatic Models of Bargaining. Berlin and New York: Springer-Verlag.
8. Roth A. E. (1979). Axiomatic Modes of Bargaining Lecture notes in Economics and Mathematical Systems. – Vol. 170.
9. Roth, A. E., Prasnjkar
№ 1/2014
History of economic thoughtDOVBENKO Mykhailo 1
1Verkhovna Rada of Ukraine
A Nobel Prize for the researchers of the financial markets
| Ekon. teor. 2014; 1:91-107 | |
ABSTRACT ▼
The article provides the main results of the scientific research by Eugene F. Fama, Robert James Shiller and Lars Peter Hansen, and describes the spheres of the use of the Nobelians’ achievements. In 2013, the Nobel Prize in Economic Sciences was awarded to the above mentioned American economists “for their empirical analysis of asset prices”
Keywords:Efficient-market hypothesis, irrational euphoria, financial markets, behavioral finances, efficient stock market
JEL: N200
| Article in Russian (pp. 91 - 107) | Download | Downloads :310 |
| Article in Ukrainian (pp. 91 - 107) | Download | Downloads :184 |
REFERENCES ▼
Zigfrid D. (red.), (2011). Kak ekonomicheskaya nauka pomogayet delat' nashu zhizn' luchshe. M.: Izd. Instituta Gaydara. S. 423–426.
Rudyk N.B. (2004). Povedencheskiye finansy ili mezhdu strakhom i alchnost'yu. M.: Delo. S. 190–199; S. 225–226.
Samuel'son P., Barnetta U. (red.). (2009). Interv'yu s Dzheymsom Tobinom i Robertom Shillerom // O chom dumayut ekonomisty: Besedy s nobelevskimi laureatami. M.: Moskovskaya shkola upravleniya «Skolkovo»; Al'pina Biznes Buks. S. 480; S. 292–293.
Campbell, John Y., and Robert J. Shiller (1987). “Cointegration and Tests of Present Value Models”, Journal of Political Economy, 97 (October), pp. 1062–1088.
Case, K.E. & Shiller R.J. (1989) The efficiency of the masket for single family homes. American Economic Review, 71, 325–331.
Fama E. (1970). Efficient Capital Markets: A Review of Theory and Empirical Work. Journal of Finance, Vol. 25, pp. 383–417.
Fama E. (1980). Agency Problems and the Theory of the Firm. Journal of Political Economy, Vol. 88, pp. 288–307.
Fama E. and French K. (1996). Multifactor Explanations of Assets Pricing Anomalies. Journal of Finance, 31.
Fama E. and M. Jensen. (1983). Separation of Ownership and Control. Journal of Law and Economics, Vol. 26, pp. 301–325.
Fama, E. (1998). Market Efficiency, Long-Term Returns, and Behavioral Finance. Journal of Financial Economics, Vol. 49, pp. 283–306.
Hansen, L. P., Sargent T.J. (2007). Formulating and estimating dynamic linear rational expectations, Journal of Economic Dynamic and Control. Vol. 2. P. 7–46.
Hansen, L. P., Sargent T.J. (2007). Recursive Robust Estimation and Control without Commitment, Journal of Economic Theory, 136 (1): 1–27.
Hansen, L.P., Sargent, T.J. (2008). Robustness. Princeton University Press.
Hansen, L. P., Singleton, K.J. (1982). Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models, Econometrica, Econometric Society, vol. 50 (5), p. 1269–1286.
Hansen, L. P., Singleton, K.J. (1983). Stochastic consumption, risk aversion and the temporal behavior of asset returns, Journal of Political Economy. Vol. 91. P. 249–265.
Hansen, L.P. & Jagannthan R. (1991). Restrictions on intertemporal marginal rates of substitution implied by asset returns. Journal of Political Economy 99, 225–262.
Shiller, R. (1981а). Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends? American Economic Review, Vol. 71, pp. 421–436;
Shiller, R. (1981б). The Use of Volatility Measures in Assessing Market Efficiency. Journal of Finance, Vol. 36, pp. 291–304;
Shiller, R. (1984). Stock Prices and Social Dynamics. Brookings Papers on Economic Activity, Vol. 2, pp. 457–497;
Shiller, R. (1984). Theories of Aggregate Stock Price Movements. Journal of Portfolio Management, Vol. 10, pp. 28–37;
Shiller, R. (1988). Fashions, Fads, and Bubbles in Financial Markets. In Coffee, J., Lowenstein, L., Rose-Ackerman, S. (eds.), Knights, Kniders&Targets: The Impact of the Hostile Takeover. New York: Oxford University Press.
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Shiller, Robert J. (1981). Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends? The American Economic Review, 71 (June), pp. 421–436.
№ 2/2016
History of economic thoughtDOVBENKO Mykhailo 1
1Verkhovna Rada of Ukraine
A prominent investigator of economic inequality
ABSTRACT ▼
The paper describes the main results of research conducted by A.Deaton, Nobel Prize Winner for 2015, an American scientist, awarded for strengthening scientific understanding of various aspects of consumption, poverty and welfare.
Keywords:Nobel Prize winners for 2015, process of consumption, poverty, welfare.
JEL: N200
REFERENCES ▼
1. Deaton, Angus S. (1986). Demand Analysis. In: Griliches Zvi, Intriligator Michael D. (Eds.). Handbook of Econometrics, 3. Amsterdam: North-Holland.
2. Deaton, A.S. (1977). Equity, Efficiency and the Structure of Indirect Taxation. Journal of Public Economics, 299-312. doi:
https://doi.org/10.1016/0047-2727(77)90003-2">doi.org/10.1016/0047-2727(77)90003-2">https://doi.org/10.1016/0047-2727(77)90003-2
3. Deaton, A.S. (1979). The distance function in consumer behaviour with applications to index numbers and optimal taxation. Review of Economic Studies. doi:
https://doi.org/10.2307/2297009">doi.org/10.2307/2297009">https://doi.org/10.2307/2297009
4. Deaton, A.S. (1978). Optimal taxes and the structure of preferences. Mimeo, University of Bristol.
5. Deaton, Angus (1974, June). A Reconsideration of the Empirical Implications of Additive Preferences. Economic Journal, 84:334, 338-348. doi:
https://doi.org/10.2307/2231258">doi.org/10.2307/2231258">https://doi.org/10.2307/2231258
6. Browning, Martin, Deaton, Angus and Irish, Margaret (1985, May). A Profitable Approach to Labor Supply and Commodity Demands over the Life-Cycle. Econometrica, 53:3, 503-543. doi:
https://doi.org/10.2307/1911653">doi.org/10.2307/1911653">https://doi.org/10.2307/1911653
7. Deaton, Angus and Muellbauer, John M. (1981, November). Functional Forms for Labor Supply and Commodity Demands with and without Quantity Restrictions, Econometrica, 49:6, 1521-1532. doi:
https://doi.org/10.2307/1911415">doi.org/10.2307/1911415">https://doi.org/10.2307/1911415
8. Deaton, A. (1997). The Analysis of Household Surveys: A Microeconometric Approach to Development Policy, Baltimore, Johns Hopkins Press. doi:
https://doi.org/10.1596/0-8018-5254-4">doi.org/10.1596/0-8018-5254-4">https://doi.org/10.1596/0-8018-5254-4
9. Deaton, Angus (2013). The Great Escape: Health, Wealth, and the Origins of Inequality. Princeton: Princeton University Press.
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