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real capital 實際資本。

real credit

We show that in an overlapping generation economy , where not only the return on investment in a bubble but also the return on investment in real capital is uncertain , the rational bubbles will be especially sustainable if confidence in the further survival of the bubbles is high and if agents become pessimistic about the future profitability of investment in real capital 因為它們可以阻止經濟體不進行資本的積累,這樣做會增加每一個人的消費水平。接著,我們引入股票資產的回報以及實體資本的回報存在不確定性,那么泡沫能否持續的關鍵因素在于:投資者對于泡沫持續的信心以及對實體資本未來回報的預期。

Well , out of the five or six millions which form your real capital , you have just lost nearly two millions , which must , of course , in the same degree diminish your credit and fictitious fortune ; to follow out my simile , your skin has been opened by bleeding , and this if repeated three or four times will cause death - so pay attention to it , my dear monsieur danglars 嗯,在您那五六百萬真本錢里面,您剛剛已經損失了差不多兩百萬,那一定會使您的信用和虛產也相應地減少,按我的比喻來看,您的皮肉已經裂開在流血了。要是再照這樣再重復三四次,就會致你于死地的。啊!

Fourthly , under the structure of general equilibrium , it analyzes the speculative bubbles “ impact on the economy with overlapping generation model which considers the technology advances and random real capital gain ratio . it not only introduces the achievements of foreign economists ( tirole , 1985 , weil , 1987 ; blanchard and fisher , 1989 ) ; but also does the creative research on the movable economic efficiency during the transitional period 第四,在一般均衡框架下,采用具有技術進步和隨機實質資本投資收益內容提要率的跨時迭代模型研究投機泡沫對經濟的影響,推廣了國外經濟學家(五role , 2955 ; weil , 1957 : blanch出妞助dfisher , 1989 )的研究成果。

It further argued that china has been double “ exploited ” in the processes of real capital and financial capital operations due both to the operating skills and the china ' s low - end position in the world economy 指出中國在國際資本利用和運作中實際上受到了雙重“剝削“ ,這一雙重“剝削“是由中國的實體資本和金融資本運作水平決定的,是由中國在經濟國際化體系中所處的中低端位置所決定的。

The workers and staff members of shuangli group always think that the first - class products are their real capital worthy of feeling glorious and proud 雙力人始終認為:一流的產品才是他們時常感到光榮與驕傲的真正資本。

That the real capital is more than the equilibrium capital leads to the waste of factors 湖南現實要素存量已大于均衡所需的要素存量,導致要素投入的不經濟。