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Intersectoral Resource Flows in China Revisited--
Intersectoral Resource Flows in China Revisited--

... Karshenas, Massoud (1993), “Intersectoral Resource Flows and Development: Lessons of Past Experience”, in A Singh and H. Tabatabai (eds.), Economic Crisis in Third World Agriculture, Cambridge University Press Knight, John and Lina Song(1999), The Rural-Urban Divide: Economic Disparities and Interac ...
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... weighted average cost of capital by plugging equity and debt betas into the CAPM. From that one can infer RA and perhaps calculate new RL ’s for a different leverage ratios. In this section, we derive the formula for the asset beta that is consistent with (11). We also explore the numerical difference ...
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... The DuPont Equation in Relation to Industries The DuPont equation is less useful for some industries, that do not use certain concepts or for which the concepts are less meaningful. On the other hand, some industries may rely on a single factor of the DuPont equation more than others. Thus, the equa ...
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Financial economics

Financial economics is the branch of economics characterized by a ""concentration on monetary activities"", in which ""money of one type or another is likely to appear on both sides of a trade"". Its concern is thus the interrelation of financial variables, such as prices, interest rates and shares, as opposed to those concerning the real economy. It has two main areas of focus: asset pricing (or ""investment theory"") and corporate finance; the first being the perspective of providers of capital and the second of users of capital.The subject is concerned with ""the allocation and deployment of economic resources, both spatially and across time, in an uncertain environment"". It therefore centers on decision making under uncertainty in the context of the financial markets, and the resultant economic and financial models and principles, and is concerned with deriving testable or policy implications from acceptable assumptions. It is built on the foundations of microeconomics and decision theory.Financial econometrics is the branch of financial economics that uses econometric techniques to parameterise these relationships. Mathematical finance is related in that it will derive and extend the mathematical or numerical models suggested by financial economics. Note though that the emphasis there is mathematical consistency, as opposed to compatibility with economic theory.Financial economics is usually taught at the postgraduate level; see Master of Financial Economics. Recently, specialist undergraduate degrees are offered in the discipline.Note that this article provides an overview and survey of the field: for derivations and more technical discussion, see the specific articles linked.
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