Estimation of asymmetric responses of U.S. retail fuel prices to changes in input prices based on a linear exponential adjustment cost approach

This paper compares various mechanisms of resource curse leading to a potentially inefficient use of resources; it is demonstrated that each of these mechanisms is associated with market imperfections and can be "corrected" with appropriate government policies. Empirical evidence seems to suggest that resource abundant countries have on average lower budget deficits and inflation, and higher foreign exchange reserves. Besides, lower domestic fuel prices that are typical for resource rich countries have a positive effect on long-term growth even though they are associated with losses resulting from higher energy consumption. On top of that resource abundance allows to reduce income inequalities. So, on the one hand, resource wealth turns out to be conducive to growth, especially in countries with strong institutions. However, on the other hand, resource abundance leads to corruption of institutions and to overvalued real exchange rates. On balance, there is no solid evidence that resource abundant countries grow more slowly than the others, but there is evidence that they grow more slowly than could have grown with the right policies and institutions.

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THE MEASUREMENT OF DEPRECIATION IN THE COST APPROACH TO VALUATION

10.15396/afres2016_138 ◽

2016 ◽

Author(s):

Olusegun OGUNBA ◽

Ismail BELLO

Keyword(s):

Cost Approach ◽

The Cost

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Immaterial Cost and Production: Maximum Production Cost Level Through Marginal Approach

el-jizya Jurnal Ekonomi Islam ◽

10.24090/ej.v8i2.4241 ◽

2020 ◽

Vol 8 (2) ◽

pp. 128-149

Author(s):

Dini Maulana Lestari

Keyword(s):

Quantitative Study ◽

Marginal Cost ◽

Production Cost ◽

Maximum Level ◽

Production Costs ◽

Total Production ◽

Sugar Factory ◽

Maximum Production ◽

Cost Approach ◽

South Sulawesi

This paper will discuss about the immaterial costs and production yields at one of the refined sugar factory companies in Makassar, South Sulawesi. The theory is based on the fact that Immaterial is a cost that is almsgiving, meaning costs that are outside of the basic costs of the company in producing production, so this research aims to find out: (1) what is the production cost needed to produce this production, (2) the maximum level of production at company from 2013 to 2017. This type of research is a quantitative study because it uses a questionnaire in the form of values that are processed using the marginal cost approach formula. The results of the analysis show that (1) the maximum level of production costs occurred in 2016 amounting to 6,912 with an Immaterial cost of Rp. 2,481,796,800 and the total production produced is 359,077.3 tons (2) The required workforce with the total production produced is 359,077.3 tones of 180 people including the maximum production point which means that the lowest value is achieved (optimal).

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