WorldWideScience

Sample records for economic indicators economic

  1. 15. Basic economic indicators

    International Nuclear Information System (INIS)

    Carless, J.; Dow, B.; Farivari, R.; O'Connor, J.; Fox, T.; Tunstall, D.; Mentzingen, M.

    1992-01-01

    The clear value of economic data and analysis to decisionmakers has motivated them to mandate the creation of extensive global economic data sets. This chapter contains a set of these basic economic data, which provides the context for understanding the causes and the consequences of many of the decisions that affect the world's resources. Many traditional economic indicators fail to account for the depletion or deterioration of natural resources, the long-term consequences of such depletion, the equitable distribution of income within a country, or the sustainability of current economic practices. The type of measurement shown here, however, is still useful in showing the great differences between the wealthiest and the poorest countries. Tables are given on the following: Gross national product and official development assistance 1969-89; External debt indicators 1979-89; Central government expenditures; and World commodity indexes and prices 1975-89

  2. Economic Indicators Selected Countries.

    Science.gov (United States)

    1987-12-01

    DEFENCE I ECONOMIC INDICATORS SELECTED COUNTRIES DECEMBER QUARTER 1987 . ’-H ISSUED BY MANPOWER POLICY & STRATEGIES BRANCH " "’ :.S S ’,1l f ,am -m mW...100 Sour:e: Main Economic Indicators (OECD) Manufactured Basic Metal Year Goods Chemicals Metals Products 1980 100 100 100 100 1981 110 117 102 107...Earnings of all 1982 1986 7.4 Male Employees (a) Aug 1986 Aug 1987 4.8 Hourly Wace Rates 3 1979 1987 lt.2 Garden Island 1983 1987 6.7 Dockyards Dec

  3. Main economics indicators

    International Nuclear Information System (INIS)

    1995-11-01

    This monthly publication, based on the most up-to-date techniques of tabular and graphical presentation, is designed to provide at a glance a picture of the most recent changes in the economies of the OECD countries, and a collection of international statistics on the economic developments which have affected the OECD area in the past few years. The indicators selected cover national accounts, industrial production, business surveys, deliveries, stocks and orders, construction, internal trade, labour, wages, prices, domestic and foreign finance, interest rates, trade and payments. (author)

  4. Selected Banks Economic Efficiency Indicators

    Directory of Open Access Journals (Sweden)

    Adam Szafarczyk

    2007-04-01

    Full Text Available There are a lot of economic efficiency indicators in theory. It is necessary to choice some of them for concrete purposes. ROA, ROE and C/I play important role due to last experience of polish banks.Cost to Income Ratio plays very important role affecting not only efficiency monitoring process in the banks but also becoming a very important target in strategy or finance plan. There are several methodological approaches to construct this index in detail. Results are differing due to implementing methodology. This article describes trends C/I concerning both polish and foreign banks. It is difficult to compare banks in emerging country and real giants in finance mature economies.

  5. Economics.

    Science.gov (United States)

    Palley, Paul D; Parcero, Miriam E

    2016-10-01

    A review of literature in the calendar year 2015 dedicated to environmental policies and sustainable development, and economic policies. This review is divided into these sections: sustainable development, irrigation, ecosystems and water management, climate change and disaster risk management, economic growth, water supply policies, water consumption, water price regulation, and water price valuation.

  6. Economism

    Directory of Open Access Journals (Sweden)

    P. Simons

    2010-07-01

    Full Text Available Modern society is characterised not only by a fascination with scientific technology as a means of solving all problems, especially those that stand in the way of material progress (technicism, but also by an obsessive interest in everything that has to do with money (economism or mammonism. The article discusses the relationship between technicism and economism, on the basis of their relationship to utilitarian thinking: the quest for the greatest happiness for the greatest number of people. Recent major studies of neo-liberalism (seen as an intensification of utilitarianism by Laval and Dardot are used as reference to the development of utilitarianism. It is suggested that the western view of the world, as expressed in economism and technicism, with a utilitarian ethics, features three absolutisations: those of theoretical thinking, technology and economics. In a second part, the article draws on the framework of reformational philosophy to suggest an approach that, in principle, is not marred by such absolutisations.

  7. Wacky Patents Meet Economic Indicators

    DEFF Research Database (Denmark)

    Czarnitzki, Dirk; Hussinger, Katrin; Schneider, Cédric

    2011-01-01

    We investigate whether standard indicators can distinguish between “wacky” patents and a control group. Forward citations are good predictors of importance. However, “wacky” patents have higher originality, generality and citation lags, suggesting that these indicators should be interpreted...

  8. Short-term economic indicators. Transition economies

    International Nuclear Information System (INIS)

    1995-04-01

    This quarterly publication complements the OECD Main Economic Indicators. It presents a wide range of monthly, quarterly, and annual economic indicators covering such topics as industrial production, business surveys, construction, employment, earnings, prices, domestic and foreign finance, interest rates and domestic and foreign trade for the following 21 transition countries: Bulgaria, Poland, Azerbaijan, Russian Federation, Czech Republic, Republic of Slovenia, Belarus, Estonia, Romania, Kazakhstan, Tajikistan, Hungary, Slovak Republic, Kyrgyz Republic, Turkmenistan, Latvia, Republic of Moldova, Ukraine, Lithuania, Armenia, Uzbekistan. (author)

  9. Economic evaluation of reprocessing - Indicative German position

    International Nuclear Information System (INIS)

    1979-05-01

    This paper, which also appears as an Appendix to the final Working Group 4 report, forms part of the overall economic assessment of reprocessing. The indicative national position and illustrative ''phase diagram'' for the Federal Republic of Germany is presented. Advantages to be gained from the recycling of plutonium in thermal reactors are identified and it is concluded that many of these are not explicitly taken into account in the ''phase diagram''. Under the conditions pertaining in the Federal Republic of Germany thermal recycle will be economic under present day uranium prices. On the other hand the fast breeder reactor might become commercially economic around the year 2000

  10. Economic evaluation of reprocessing. Indicative UK position

    International Nuclear Information System (INIS)

    1979-05-01

    This paper, which also appears as an Appendix to the final Working Group 4 report, forms part of the overall economic assessment of reprocessing. The indicative national position and illustrative ''phase diagram'' for the United Kingdom is presented. Under conditions pertaining in the United Kingdom the diagram suggests that: if uranium prices rise rapidly the fast reactor would become economic in the decade 1990-2000, if uranium prices rise more slowly, the fast reactor would become economic in the decade 2000-2010

  11. Economic evaluation of reprocessing. Indicative US position

    International Nuclear Information System (INIS)

    1979-05-01

    This paper, which also appears as an Appendix to the final Working Group 4 report, forms part of the overall economic assessment of reprocessing. The indicative national position and illustrative ''phase diagram'' for the United States is presented. The prospective costs of nuclear power are given for four equilibrium modes of LWR operation: once-through, 15% and 25% improved once-through and thermal recycle. For a particular representative choice of fuel cycle parameters the economic cross over at which thermal recycle becomes economic relative to a 15% improved once-through cycle is above 100/lb U 3 O 8 . Thus the US believes that for the next several decades there is no economic incentive for thermal recycle. As a planning guide the US considers that the fast reactor will not become commercialised in the US before the year 2020

  12. Economic evaluation of reprocessing - Indicative Belgian position

    International Nuclear Information System (INIS)

    1979-05-01

    This paper, which also appears as an Appendix to the final Working Group 4 report, forms part of the overall economic evaluation of reprocessing. The indicative national position and illustrative ''phase diagram'' for Belgium is presented. Other factors which influence the Belgian viewpoint and which are not included on the phase diagram are given

  13. Economic evaluation of reprocessing. Indicative Netherlands position

    International Nuclear Information System (INIS)

    1979-05-01

    The paper, which also appears as an Appendix to the final Working Group 4 report, forms part of the overall economic evaluation of reprocessing. The indicative national position and illustrative ''phase diagram'' for the Netherlands is presented. Two alternative scenarios have been assumed for the variation of uranium price in the future; a 2% per annum price rise and a 5% per annum price rise

  14. Economic evaluation of reprocessing - Indicative Canadian position

    International Nuclear Information System (INIS)

    1979-05-01

    This paper, which also appears as an Appendix to the final Working Group 4 report, forms part of the overall economic evaluation of reprocessing. The indicative national position and illustrative ''phase diagram'' for Canada is presented. Three fuel cycles are considered. (1) CANDU operating on the natural uranium, once-through fuel cycle. (2) CANDU operating with low enrichment (1.2%) once-through fuel cycle. (3) CANDU operating with recycle of plutonium and depleted uranium which has been extracted from spent CANDU natural uranium fuel. The diagrams show that reprocessing and recycle of fuel can be used to reduce further the sensitivity of CANDU fuelling costs to increasing uranium ore price

  15. GREEK ECONOMIC CRISIS ON MACROECONOMIC INDICATORS

    Directory of Open Access Journals (Sweden)

    GĂBAN LUCIAN

    2016-04-01

    Full Text Available This paper aims to examine briefly some elements of macroeconomic aspects that could explain - at least partly - a number of causes of the current economic crisis in Greece. Using data provided by competent bodies, is intended as a more accurate outlining the differences between Greece and the other countries of the European Union member show widespread Greek State as an outlier among the countries that make up the current "U.E. 28 ". The analysis is based on three indicators relevant to the case – unemployment, government debt and nonperforming loans.

  16. Inequality indicators and distinguishability in economics

    Science.gov (United States)

    Rosenblatt, J.; Martinás, K.

    2008-03-01

    Money has a material counterpart, such as banknotes or coins, and an ideal expression, monetary units. In the latter case, it is boson-like: individual incomes have no a priori limit, and their units are not distinguishable from each other in economic processes. Individuals, on the other hand, usually occupy one job at a time which makes them akin to fermions. We apply to individual incomes down-to-earth statistical calculations, similar to those for quantum particles, and obtain expressions for the cumulative distribution function, probability density and Lorenz function resulting from the simultaneous use of both statistics. They provide extremely good fits to corresponding data on French income distributions. On this basis, we propose a new entropic inequality indicator.

  17. Growth indices and economic implications of weaned rabbits fed ...

    African Journals Online (AJOL)

    The better relative cost benefit (18.88%), economic efficiency and relative economic efficiency of 0.35 and 194.44%, respectively indicated the optimal level and economic benefit of LLPC inclusion at 10% (representing 2.40g/100g in the gross feed composition) replacement level for soybean meal in rabbit diets. Keywords: ...

  18. Comparison of Country Risk, Sustainability and Economic Safety Indices

    Directory of Open Access Journals (Sweden)

    Jelena Stankeviciene

    2014-03-01

    Full Text Available Country risk, sustainability an economic safety are becoming more important in the contemporary economic world. The aim of this paper is to present the importance of comparison formalisation of country risk, sustainability, and economic safety indices for strategic alignment. The work provides an analysis on the relationship between country risk, sustainability an economic safety in EU countries, based on statistical data. Investigations and calculations of rankings provided by Euromoney Country Risk Index, European Economic Sustainability Index as well as for Economic Security Index were made and the results of EU country ranking based on three criteria were provided. Furthermore, the data for the Baltic States was summarised and the corresponding index of consistency for random judgments was evaluated.

  19. Modelling Dynamics of Main Economic Indicators of an Enterprise

    Directory of Open Access Journals (Sweden)

    Sherstennykov Yurii V.

    2014-03-01

    Full Text Available The article develops an economic and mathematical model of dynamics of main economic indicators of an enterprise, reflected in six book-keeping accounts with consideration of logistics and interrelation with current market characteristics and needs of products consumers. It applies this model for a quantitative study of influence of an advertising campaign and seasonality upon quantitative indicators of economic activity of the enterprise. The enterprise operation programme includes internal financial and economic procedures, which ensure the production process, and also connection with suppliers and buyers (customers. When setting different initial conditions, it is possible to trace transitional processes and enterprise entering (under favourable conditions the stationary mode of operation or its laying-off (in case of insufficiency of circulating funds. The developed model contains many parameters, which allow not only study of dependence of enterprise operation on alteration of one of them but also optimisation of economic conditions of functioning.

  20. Critical Analysis of Methods for Integrating Economic and Environmental Indicators

    NARCIS (Netherlands)

    Huguet Ferran, Pau; Heijungs, Reinout; Vogtländer, Joost G.

    2018-01-01

    The application of environmental strategies requires scoring and evaluation methods that provide an integrated vision of the economic and environmental performance of systems. The vector optimisation, ratio and weighted addition of indicators are the three most prevalent techniques for addressing

  1. A survey of economic indices of plastic wastes recycling industry

    Directory of Open Access Journals (Sweden)

    Malek Hassanpour

    2015-11-01

    Full Text Available Numerous small recycling units of plastic wastes have been currently constructed heedless to study of economic indices in Iran. Pay attention to the prominent performance of the industrial sector for economic development and its priority for fortifying other sectors to implement job opportunities, survey of the economic indices beckon the stakeholders and industries owners. The main objective of this study was a survey of economic indices in small recycling unit of plastic wastes. Therefore, the practice of computing the economic indices was performed using empirical equations, professional experiences and observations in site of the industry in terms of sustainability performance. Current study had shown the indices values such as value-added percent, profit, annual income, breakeven point, value-added, output value, data value, variable cost of good unit and production costs were found 62%, $ 366558, $ 364292.6, $ 100.34, $ 423451.25, $ 255335.75, $ 678787, $ 389.65 and $ 314494.4 respectively. The breakeven point about 15.93%, the time of return on investment about 1.12 (13.7 months were represented that this industry slightly needs long time to afford the employed capital and starts making a profit.

  2. Design of a leading indicator for Costa Rican economic activity

    Directory of Open Access Journals (Sweden)

    Carlos Chaverri Morales

    2014-08-01

    Full Text Available This paper presents the results of estimating three leading indicators for the turning points of the economic activity in Costa Rica. This was done following the methodology proposed by the Organization for Economic Cooperation and Development (OECD. The Monthly Economic Activity Index (IMAE in Spanish was selected as the reference variable.  A total of 270 data series were analyzed including monetary, real and job market variables, as well as price indices, external sector indicators and fiscal sector variables. The real sector information was disaggregated into three levels, which included the classification of data at an industrial level using the International Standard Industrial Classification (ISIC with two digits, information from the agricultural sector based on the Central Product Classification (CPC and information from the manufacturing sector.  A leading indicator was developed for each level of aggregation, resulting in average leads of 7 to 12 months compared to the reference variable.

  3. Background effects of emergencies on indicators of economic analysis of enterprise economic activity

    Directory of Open Access Journals (Sweden)

    K.Yu. Polyak

    2017-03-01

    Full Text Available The paper deals with the study of scientific works on the issue of formation and development of organizational and methodological regulations of accounting and analytical support of the economic activity of an enterprise in emergencies, which led to the conclusion about the complex character of the study of theory, methodology and economic analysis of enterprises in various sectors of national economy. The author studies the approaches to the nature and methods of economic analysis that resulted in the presentation of instructional techniques to the economic structure. In assessing the consequences of emergencies, it is necessary to determine their impact on the indices of economic analysis; so, there was the need to define areas resulting index changes as a result of emergency situations by identifying its components which may affect emergencies. After analyzing the data, it was found that the consequences of emergency situations affecting the indices of business analysis and can lead to changes in management decisions of internal and external users.

  4. SUSTAINABILITY IN AGROFORESTRY SYSTEMS: SOCIO-ECONOMICAL INDICATORS

    Directory of Open Access Journals (Sweden)

    Omar Daniel

    2009-09-01

    Full Text Available It is wide the discussion involving the importance of production adjustment activities in general, to the concept of sustainable development. Among the agricultural activities, the agroforestry systems have been considered sustainable, coming as alternatives to the intensive systems of agricultural production. To monitor the sustainability of agricultural activities, includings  AF,  the  literature  emphasizes  the  biophysical  indicators,  in  detriment  of  the  socio-economical ones. Seeking to define a list of socio-economical indicators that can be adapted to the several models recommendations of  AF a study was developed, supported by specialists and technicians and wide literature review. The conclusions were: the categories related  to the operation of the systems had the largest number of indicators in the socioeconômic component, with larger concentration in the endogenous operations of the system, followed by the endogenous and exogenous resources; the largest number of indicators suggested in the category operation of the system was in the descriptors health and nutrition, employment, habitation and sanity and economic analysis; in the category operation of exogenous systems, there were certain larger number of indicators for the descriptors commercialization and rural infrastructure; practically there was no difference among the number of indicators obtained for the agroforestry systems with and without the animal component.

  5. How Do National Economic Competitiveness Indices View Human Capital?

    Science.gov (United States)

    Sabadie, Jesus Alquezar; Johansen, Jens

    2010-01-01

    "Economic competitiveness" is at the top of national, regional and global political and economic agendas. Several countries in all regions of the world have established policies and institutions devoted to economic competitiveness, including in developing and transition countries. This leads to the question of how to define national economic…

  6. Measuring socio-economic position in dietary research: is choice of socio-economic indicator important?

    Science.gov (United States)

    Turrell, Gavin; Hewitt, Belinda; Patterson, Carla; Oldenburg, Brian

    2003-04-01

    To examine the association between socio-economic position (SEP) and diet, by assessing the unadjusted and simultaneously adjusted (independent) contributions of education, occupation and household income to food purchasing behaviour. The sample was randomly selected using a stratified two-stage cluster design, and the response rate was 66.4%. Data were collected by face-to-face interview. Food purchasing was examined on the basis of three composite indices that reflected a household's choice of grocery items (including meat and chicken), fruit and vegetables. Brisbane City, Australia, 2000. : Non-institutionalised residents of private dwellings located in 50 small areas (Census Collectors Districts). When shopping, respondents in lower socio-economic groups were less likely to purchase grocery foods that were high in fibre and low in fat, salt and sugar. Disadvantaged groups purchased fewer types of fresh fruits and vegetables, and less often, than their counterparts from more advantaged backgrounds. When the relationship between SEP and food purchasing was examined using each indicator separately, education and household income made an unadjusted contribution to purchasing behaviour for all three food indices; however, occupation was significantly related only with the purchase of grocery foods. When education and occupation were simultaneously adjusted for each other, the socio-economic patterning with food purchase remained largely unchanged, although the strength of the associations was attenuated. When household income was introduced into the analysis, the association between education, occupation and food purchasing behaviour was diminished or became non-significant; income, however, showed a strong, graded association with food choice. The food purchasing behaviours of socio-economically disadvantaged groups were least in accord with dietary guideline recommendations, and hence are more consistent with greater risk for the development of diet

  7. Social Wealth Economic Indicators for a Caring Economy

    Directory of Open Access Journals (Sweden)

    Indradeep Ghosh

    2015-06-01

    Full Text Available This essay introduces the reader to an entirely new set of measures that are urgently needed by policymakers and business leaders to foster personal, business, and national economic success. Social Wealth Economic Indicators are measures suggested by a partnership model of society, and they inform us that care work matters tremendously but is grossly undervalued. In our contemporary knowledge-service economy, the essential ingredient for social and economic progress is high-quality human capital, and the way to build such human capital is to support the work of caring and caregiving, traditionally considered “women’s work.” The data presented in this essay clearly show that early childhood care and education, family-friendly workplace practices, and the status of women are key determinants of economic success. But they are also necessary for healthy, creative, and cohesive societies in which members work in partnership with each other and with the natural environment to improve living conditions for all. This is the true meaning of social wealth.

  8. Ecological and Economic Indicators of Oil and Gas Companies Functioning

    OpenAIRE

    Anastasia V. Sheveleva

    2016-01-01

    This article analyzes the basic ecological-economic indicators of oil and gas companies, in particular the various volumes of oil, the number of spills per year of CO2 emissions, the costs of environmental protection. In the process of exploration, development and exploitation of oil and gas fields, production, refining, transportation and storage companies have a negative impact on the environment. Occur accidents involving oil spills, emissions and discharges of pollutants into the environm...

  9. Trade as an indicator of social and economic development

    Directory of Open Access Journals (Sweden)

    N. A. Serebryakova

    2018-01-01

    Full Text Available In modern conditions of trade in the Russian Federation became the most important type of entrepreneurship. It is, in a number of objective and subjective reasons, is the most rapidly developing sector of the national economy, affecting the interests of all subjects of market relations: population, manufacturers of commercial products, government and trade. Currently in the internal trade of the Russian Federation there have been significant changes occurring under the influence of growing tensions on the international market, in the economy of our country and within the trading industry. But despite the deteriorating economic situation in the world and strained relations between the Russian Federation and its European and American partners, the latest statistics indicate the translational dynamics of retail trade turnover in the whole country, and in the Voronezh region. Retail trade turnover is among the most important indicators of economic and social development of the Voronezh region and the country as a whole. Its structure and volume characterize the level of consumption of goods population, the increase or decrease of welfare of the people. Through retail sales is a constant influence on the development of the volume and structure of production of consumer goods. This article assessed the relationship between the economic development of the Voronezh region as one of average of region of our country, its trade and standard of living of Voronezh.

  10. The relationships among National Socio-Economic Indicators and ...

    African Journals Online (AJOL)

    The objective of this study was therefore to use data reported by the United Nations to assess the relationships among national socio-economic statistics on education, economic performance, health care, nutrition, agriculture and demography, and infant and child mortality rates, from 129 countries. The methods used in the ...

  11. Economic Indicators of Condition and Tendencies of Serbian Economy

    Directory of Open Access Journals (Sweden)

    Zorica SREDOJEVIĆ

    2011-12-01

    Full Text Available Global economic crisis has, following financial crisis, hit real sector, and as after effect, large number, mostly developed countries in the world are in recession. Serbian industry is also influenced by global economic crisis. Outer debt is significantly and constantly increasing since beginning of transition process. Main cause to it is rather large disproportion between import and export. Trends in structure of outer debt indicate on notable decrease of national debt on account to private one, during whole transition period. On short term there is no significant risk for country on account of outer debt, but for long term elimination of this risk, it is necessary to considerably increase total export. Former policies should be linked to unconventional employment initiatives, as for new labour, as for redundant ones from restructuring economy branches. State has prominent role in transition process, by helping market exhibit its functions through physical and institutional infrastructure, as well trough public sector, removing most of the market obstacles, and stimulating technical-technological development and education.

  12. Macrofinancial Indicators in the Economic Strategy of the State

    Directory of Open Access Journals (Sweden)

    Rudyk Nataliia V.

    2016-08-01

    Full Text Available The aim of the article is to study the effectiveness of the set strategic objectives of the state and the fact of their implementation. On the basis of the analysis and systematization of the existing practical and theoretical framework the place and the importance of macrofinancial indicators in the public finance management system has been determined. The definition of MFI in the broad and narrow sense is suggested. In the broad sense it is a quantitative measure assessing the condition of public finances at the moment of decision-making and reflecting the results of its impact on achieving the objectives of the state financial policy. The narrow sense reduces it to understanding the indicator as the one adapted for the purposes of specific analysis. The experience of previous strategies of the administrative apparatus is studied. On the basis of analyzing the priority macrofinancial indicators the assessment of current practices of implementing the state economic strategy has been carried out. The study found a discrepancy between the objectives set by the Strategy for Sustainable Development “Ukraine – 2020” with the real situation in the country’s economy. It is noted that the use of macrofinancial indicators aimed at achieving a particular limit only within a single reporting period negatively affects the system character of management.

  13. Economic Risk Assessment Taking Into Account the Volume Oscillator Indicators

    Directory of Open Access Journals (Sweden)

    Loredana Mihaela LAPADUSI

    2016-09-01

    Full Text Available Economic risk can be assessed from many points of view, but generally speaking it means the firm's inability to match workload with cost structure. Expansion of production capacity, adaptation to new technologies, diversification of products are only a few factors influencing risk. These, along with financial risk and bankruptcy risk constitute the most important category of risk which presents a great interest for the banks, shareholders, managers, business partners, etc. The purpose of this article is to provide a brief overview of tje oscillation of your company's activity from the point of view of economic risk. The main objective of this research lies in economic risk assessment by means of the margin of safety, the safety index and critical time point.

  14. Socio-economic indicators influencing the adoption of hybrid ...

    African Journals Online (AJOL)

    The study observed the poor use of hybrid sorghum cultivars by subsistence farmers. The project sought to establish which, if any, socio-economic factors influence the adoption of hybrid sorghum cultivars by this sector of the farming community. The focus was on Makhuduthamaga Municipality in Sekhukhune District of ...

  15. Economic Indicators of the Farm Sector. Costs of Production, 1986.

    Science.gov (United States)

    Economic Research Service (USDA), Washington, DC.

    This report contains 121 tables that estimate the costs of production of various commodities on United States farms in 1986. The report first assesses costs and returns on a per-unit basis, such as one acre or one animal, under three sections of a budget: cash receipts, cash expenses, and economic costs. The budgets are based on national…

  16. Ecological and Economic Indicators of Oil and Gas Companies Functioning

    Directory of Open Access Journals (Sweden)

    Anastasia V. Sheveleva

    2016-01-01

    Full Text Available This article analyzes the basic ecological-economic indicators of oil and gas companies, in particular the various volumes of oil, the number of spills per year of CO2 emissions, the costs of environmental protection. In the process of exploration, development and exploitation of oil and gas fields, production, refining, transportation and storage companies have a negative impact on the environment. Occur accidents involving oil spills, emissions and discharges of pollutants into the environment. As a result contaminates water resources, soil and atmosphere, animals dying, birds and fish, but also transformed the structure of the subsurface and changes the landscape, reduced strategic reserves of fuel and energy resources are formed objects of accumulated environmental damage. The need for construction of environmental protection facilities; the protection, rational use and rehabilitation of lands; protection of water resources and atmospheric air; monitoring the environment and industrial facilities; the prevention and elimination of consequences of accidents on pipelines; disposal and recycling of waste; environmental education; conducting scientific research requires oil and gas companies to undertake large expenditures. A positive trend of modern development of oil and gas companies is the introduction of mechanisms for environmental management in practice their activities, which leads to a gradual reduction of the negative impact of their activities on the environment.

  17. Criterion IV: Social and economic indicators of rangeland sustainability (Chapter 5)

    Science.gov (United States)

    Daniel W. McCollum; Louis E. Swanson; John A. Tanaka; Mark W. Brunson; Aaron J. Harp; L. Allen Torell; H. Theodore Heintz

    2010-01-01

    Social and economic systems provide the context and rationale for rangeland management. Sustaining rangeland ecosystems requires attention to the social and economic conditions that accompany the functioning of those systems. We present and discuss economic and social indicators for rangeland sustainability. A brief conceptual basis for each indicator is offered,...

  18. THE RELEVANCE OF THE PERFORMANCE INDICATORS IN ECONOMIC AND FINANCIAL DIAGNOSIS

    Directory of Open Access Journals (Sweden)

    MIRELA MONEA

    2011-01-01

    Full Text Available Each company must achieve the objectives to reach performance in order to survive on the market. The paper aims to present the concept of performance as is seen in economic literature, to discuss the relevance of the main performances indicators on economic and financial diagnosis, to answer the question what are the main indicators which reflect economic or financial performances: profit, profitability ratios, economic added value, investments return, liquidity, cash-flows, resources efficiency, productivity, others.

  19. HOW THE FINANCIAL CRISIS HAS AFFECTED THE ECONOMIC INDICATORS OF THE NETHERLANDS

    Directory of Open Access Journals (Sweden)

    Răzvan Hagimă

    2013-07-01

    Full Text Available Despite of being affected by the economic crisis, the Netherlands managed to minimize its effects. This situation is highlighted in a comparison with Romania and the European Union, between the levels of the most important economic indicators. Moreover, when other countries registered negative trends in their economic growth, the Dutch economy succeeded in this matter.

  20. Economic sentiment indicator and its information capability in the Czech Republic

    Directory of Open Access Journals (Sweden)

    Radka Martináková

    2013-01-01

    Full Text Available The paper focuses on the indicators of economic agents’ perceptions in the Czech Republic. We assume that these information are provided by economic sentiment indicator surveys based on the Joint Harmonised EU Programme. The aim of this paper is to offer the alternate methodology of qualitative data transformation (balance statistic data in relation with the macroeconomic quantitative indicators. In the empirical analysis we distinguished between the indicators of confidence in industry, construction, retail and consumer confidence indicator. We found link between the aggregate economic sentiment indicator and economic activity. Especially, aggregate economic sentiment indicator copies the development of the GDP. However, partial indicators does not follow changes in the specific sectors of the economy. We also found that economic agents underestimate the intensity of the economic recession after the year 2007.Finally, we cannot recommend the economic sentiment indicator as the leading indicator of the future economic activity in the Czech Republic. Our methodological contribution is in quantifying of the consumer survey results by standardization.

  1. ECOLOGICAL ECONOMICS VS ECONOMIC(AL ECOLOGY

    Directory of Open Access Journals (Sweden)

    G. Kharlamova

    2015-10-01

    Full Text Available Currently world faces the dilemma – ecological economy or economic(al ecology. The researchers produce hundreds of surveys on the topic. However the analyses of recent most cited simulations had shown the diversity of results. Thus, for some states the Kuznets environmental curve has place, for others – no. Same could be said about different years for the same state. It provokes the necessity of drawing new group analyses to reveal the tendencies and relationships between economic and environmental factors. Most flexible and mirror factor of environmental sustainability is the volume of CO2 emissions. The econometric analysis was used for detecting the economic impact on this indicator at the global level and in the spectra of group of states depending on their income. The hypothesis of the existence of environmental Kuznets curve for the analysed data is rejected. Real GDP per capita impact on carbon dioxide emissions is considered only at the global level. The impact of openness of the economy is weak. Rejection happened also to the hypothesis that for the developed countries there is a reverse dependence between the environmental pollution and economic openness. Indicator “energy consumption per capita” impacts on greenhouse gas emissions only in countries with high income. Whereby it should be noted that the more developed a country is, the more elastic is this influence. These results have a potential usage for environmental policy regulation and climate strategy.

  2. Community Economics

    OpenAIRE

    武藤, 宣道; Nobumichi, MUTOH

    2000-01-01

    This paper examines the new field of community economics with respect to Japan. A number of studies in community economics have already been produced in OECD countries including the United States. Although these are of great interest, each country has its own historical, socioeconomic context and must therefore develop its own approach to community economics. Community-oriented economics is neither macro-nor micro-economics in the standard economics textbook sense. Most community economics st...

  3. Analysis of the environmental and economic indicators of the industrial enterprise

    Science.gov (United States)

    Mikhailov, V. G.; Kiseleva, T. V.

    2018-05-01

    In the paper the features of the analysis of the environmental and economic indicators of the industrial enterprise are considered. The purpose of the study is to improve the system of environmental and economic analysis at the enterprise for more accurate forecasting of its main environmental and economic indicators. The study of the main approaches to the implementation of environmental and economic analysis based on the corresponding systems of indicators with identification of the most significant factors was carried out. The main result of the study is the choice of a system for analyzing the environmental and economic indicators, maximally oriented to a specific enterprise, taking into account its production specific features. The practical significance of the study consists in the selection of an adequate system of indicators at enterprises to improve the effectiveness from preparation of an environmentally safe management decision.

  4. Quantum economics

    Directory of Open Access Journals (Sweden)

    Vukotić Veselin

    2011-01-01

    Full Text Available The globalization is breaking-down the idea of national state, which was the base for the development of economic theory which is dominant today. Global economic crisis puts emphasis on limited possibilities of national governments in solving economic problems and general problems of society. Does it also mean that globalization and global economic crisis points out the need to think about new economic theory and new understanding of economics? In this paper I will argue that globalization reveals the need to change dominant economic paradigm - from traditional economic theory (mainstream with macroeconomic stability as the goal of economic policy, to the “quantum economics“, which is based on “economic quantum” and immanent to the increase of wealth (material and non-material of every individual in society and promoting set of values immanent to the wealth increase as the goal of economic policy. Practically the question is how we can use global market for our development!

  5. Economic Literacy Indicators at the Department of Computer Education & Instructional Technologies

    Directory of Open Access Journals (Sweden)

    Sevgi GEREK

    2010-06-01

    Full Text Available Developments in technology and communication in the 21st century have led to increased expectations from individuals. One of these expectation areas is literacy. As a requirement of the information age, it can be said that the economic literacy is one of the most important areas of literacy. Economic literacy can be defined in terms of ability to revise the alternatives for interpreting economic problems and finding solutions to these problems, to define the cost and profits, to investigate the effects of changes in economic conditions and in public policies, to gather and organize economy-related data and to balance the profits and costs. One of the tools that affect the life can be said economic literacy but it is a neglected area in most higher education programs. In this study, Computer Education and Instructional Technology program courses were examined within the framework of economic literacy indicators

  6. The Freight Transportation Services Index as a leading economic indicator

    Science.gov (United States)

    2009-09-01

    The Bureau of Transportation Statistics (BTS) freight Transportation Services Index (TSI) showed a decline a full year and a half prior to the start of the current recession. This downturn suggests the TSI may prove particularly useful as an indic...

  7. Proxy indicators as measure of local economic dispositions in South ...

    African Journals Online (AJOL)

    in international markets. The proxy is a coincidental and pro-cyclic indicator, with a correlation of 0.86. Key similarities exist between the economy and the profitability of hardware stores, although the proxy is not as accurate as the volume of sales in hardware stores. The correlation is measured at 0.85. The profitability of the ...

  8. Constructing Aggregate Environmental-Economic Indicators. A Comparison of 12 OECD Countries

    Energy Technology Data Exchange (ETDEWEB)

    Van den Bergh, C.J.M. [Tinbergen Institute, Labor, Region and Environment, Amsterdam/Rotterdam (Netherlands); Van Veen-Groot, D.B. [Department of Spatial Economics, Faculty of Economics and Econometrics, Vrije Universiteit Amsterdam, Amsterdam (Netherlands)

    1999-07-01

    The application of aggregate indicators in environmental-economic research has received little attention so far. An important reason is the incompleteness of environmental data. This article presents a systematic approach to construct indicators of environment and economy on a macro level. It includes a distinction into the following categories: the volume of economic activities as an indicator of potential environmental pressure; actual environmental pressure; environmental quality; and environmental policy. In each category aggregate indicators are calculated for 12 OECD countries. Subsequently, the correlation between these indicators is examined. Significant correlation is found between the economic activity indicators (or 'potential' environmental pressure), actual environmental pressure and environmental quality, whereas a very weak correlation exists with these indicators and two types of aggregate indicators of environmental policy. Due to some arbitrary choices, which are inevitable, the results are to be judged with caution. Several suggestions are offered to improve the calculation and comparison of aggregate indicators. 20 refs.

  9. Constructing Aggregate Environmental-Economic Indicators. A Comparison of 12 OECD Countries

    International Nuclear Information System (INIS)

    Van den Bergh, C.J.M.; Van Veen-Groot, D.B.

    1999-01-01

    The application of aggregate indicators in environmental-economic research has received little attention so far. An important reason is the incompleteness of environmental data. This article presents a systematic approach to construct indicators of environment and economy on a macro level. It includes a distinction into the following categories: the volume of economic activities as an indicator of potential environmental pressure; actual environmental pressure; environmental quality; and environmental policy. In each category aggregate indicators are calculated for 12 OECD countries. Subsequently, the correlation between these indicators is examined. Significant correlation is found between the economic activity indicators (or 'potential' environmental pressure), actual environmental pressure and environmental quality, whereas a very weak correlation exists with these indicators and two types of aggregate indicators of environmental policy. Due to some arbitrary choices, which are inevitable, the results are to be judged with caution. Several suggestions are offered to improve the calculation and comparison of aggregate indicators. 20 refs

  10. Economic Status and Adult Mortality in India: Is the Relationship Sensitive to Choice of Indicators?

    Science.gov (United States)

    Barik, Debasis; Desai, Sonalde; Vanneman, Reeve

    2018-03-01

    Research on economic status and adult mortality is often stymied by the reciprocity of this relationship and lack of clarity on which aspect of economic status matters. While financial resources increase access to healthcare and nutrition and reduce mortality, sickness also reduces labor force participation, thereby reducing income. Without longitudinal data, it is difficult to study the linkage between economic status and mortality. Using data from a national sample of 132,116 Indian adults aged 15 years and above, this paper examines their likelihood of death between wave 1 of the India Human Development Survey (IHDS), conducted in 2004-2005 and wave 2, conducted in 2011-2012. The results show that mortality between the two waves is strongly linked to the economic status of the household at wave 1 regardless of the choice of indicator for economic status. However, negative relationship between economic status and mortality for individuals already suffering from cardiovascular and metabolic conditions varies between three markers of economic status - income, consumption and ownership of consumer durables - varies, reflecting two-way relationship between short and long term markers of economic status and morbidity.

  11. Economic Theory, Economic Reality And Economic Policy

    Directory of Open Access Journals (Sweden)

    Dmitry Evgenievich Sorokin

    2015-03-01

    Full Text Available This paper analyzes the opposition between the «liberals» and «statists» in the Russian political and economic thought. It demonstrates that the economic liberalization is an absolute prerequisite for the transition to sustainable socio-economic development. Such development must rely on investment activities of the state, which in the current circumstances is a necessary but not sufficient measure for reversing the negative trends. The negative developments can be prevented only through implementation, along with the institutional changes in the economic area that form a strata of economically independent entrepreneurs-innovators, of no less profound transformation in political institutions aimed at democratization of public life

  12. Internet economics

    DEFF Research Database (Denmark)

    Henten, Anders; Skouby, Knud Erik; Øst, Alexander Gorm

    1997-01-01

    A paper on the economics of the Internet with respect to end user pricing and pricing og interconnect.......A paper on the economics of the Internet with respect to end user pricing and pricing og interconnect....

  13. Economic Development

    Science.gov (United States)

    Recruitment Events Community Commitment Giving Campaigns, Drives Economic Development Employee Funded : Environmental Documents, Reports LANL Home Calendar Search Contacts Community » Economic Development LANL 75th logo Economic Development Los Alamos National Laboratory is committed to investing and partnering in

  14. Experimental study on p-V indicator diagrams of twin-screw refrigeration compressor with economizer

    International Nuclear Information System (INIS)

    Wu Huagen; Peng Xueyuan; Xing Ziwen; Shu Pengcheng

    2004-01-01

    This paper presents the experimental investigation on the effects of the superfeed pressure together with economizer type on the performance of the twin-screw refrigeration compressor by means of the indicator diagram. With a pressure sensor embedded into the groove at the root of the female rotor on the discharge side, the pressure within the working chamber of a semi-hermetic twin-screw compressor with an economizer is recorded and then transformed into the indicator diagram. The results thus obtained are utilized to investigate the thermodynamic process of the compressor. It is shown that the compressor with an economizer has higher pressure during almost the whole compression process than without an economizer, resulting in the increase in the indicated power. Under different superfeed pressures, the pressure within the compression experiences different changes. This results in an optimal superfeed pressure for maximized compressor efficiency, which can be identified from the calculated compressor efficiency based on the indicator diagrams. It is also found that the pressure has a rapid increase at the beginning of superfeed process, and then a slow rise even a slight drop at the end of superfeed process, which is caused by the dynamic effect during superfeed process. Furthermore, if the superfeed pressure keeps the same, the pressure during compression in the compressor with the heat exchanger economizer is slightly higher than with the flash tank economizer, due to the higher temperature of superfeed refrigerant gas in the former case

  15. Regional Disparities and Territorial Indicators in Turkey: Socio-Economic Development Index (SEDI)

    OpenAIRE

    Metin Ozaslan; Bulent Dincer; Huseyin Ozgur

    2006-01-01

    This aim of this article is to examine the problem of regional disparities in Turkey applying to the economic and social development indicators. One of the main problems encountered in the field of regional development in Turkey is the difficulties in having access to qualified data as is the case in other countries. Therefore, it is of great importance to improve the information gathering and evaluation systems in Turkey. Social and economic development index (SEDI) rankings have contributed...

  16. The Analysis of the Main Macroeconomic Indicators of the Socio-Economic Development of Ukraine

    Directory of Open Access Journals (Sweden)

    Broyaka Antonina А.

    2018-03-01

    Full Text Available The article deals with studying the most important macroeconomic indicators characterizing the trends in the social and economic development of Ukraine for the period 2010–2017. Particular attention is paid to the index of nominal and real gross domestic product (GDP, including per capita, and to the factors that restrain its growth. An analysis of inflation processes using the dynamics of price indices (GDP Deflator, Consumer Price Index is carried out. Furthermore, the problem of unemployment and employment, their impact on GDP dynamics are highlighted. Some aspects of Ukraine’s financial and economic stability are assessed on the basis of analysis of the performance of government debt obligations, balance of payments, and investments. As a result of the conducted research, it is revealed that during the last 2016-2017 there observed a partial stabilization of the socio-economic state of the national economy and its transition to the phase of recovery (in particular, the real GDP growth was 2.5 %, inflation — only 1.3 %, and unemployment — only 0.2 %. However, the analyzed indicators testify to the still relatively low rates of economic recovery caused by the previous loss of production capacities, interbranch and logistics links in the interregional and foreign economic space, restriction of access to energy raw materials, devaluation of the national currency, and growth of investment risks. As a result, the directions of addressing the main unsolved problems for the transition to sustainable economic growth are outlined.

  17. Economic Studies

    Directory of Open Access Journals (Sweden)

    A. V. Kholopov

    2014-01-01

    Full Text Available The establishment of the School of Economic Science at MGIMO was due to the necessity of the world economy research, and the need to prepare highly skilled specialists in international economics. The school is developing a number of areas, which reflect the Faculty structure. - Economic theory is one of the most important research areas, a kind of foundation of the School of Economic Science at MGIMO. Economic theory studies are carried out at the chair of Economic theory. "The course of economic theory" textbook was published in 1991, and later it was reprinted seven times. Over the past few years other textbooks and manuals have been published, including "Economics for Managers" by Professor S.N. Ivashkovskaya, which survived through five editions; "International Economics" - four editions and "History of Economic Thought" - three editions. - International Economic Relations are carried out by the Department of International Economic Relations and Foreign Economic Activity. Its establishment is associated with the prominent economist N.N. Lyubimov. In 1957 he with his colleagues published the first textbook on the subject which went through multiple republications. The editorial team of the textbook subsequently formed the pride of Soviet economic science - S.M. Menshikov, E.P. Pletnev, V.D. Schetinin. Since 2007, the chair of Foreign Economic Activities led by Doctor of Economics, Professor I. Platonova has been investigating the problems of improving the architecture of foreign economic network and the international competitiveness of Russia; - The history of the study of problems of the world economy at MGIMO begins in 1958 at the chair baring the same name. Since 1998, the department has been headed by Professor A. Bulatov; - The study of international monetary relations is based on the chair of International Finance, and is focused on addressing the fundamental scientific and practical problems; - The chair "Banks, monetary circulation

  18. Mapping key economic indicators of onshore wind energy in Sweden by using a geospatial methodology

    International Nuclear Information System (INIS)

    Siyal, Shahid Hussain; Mentis, Dimitris; Howells, Mark

    2016-01-01

    Highlights: • We spatially quantified and visualized the economic indicators of onshore wind energy in Sweden. • Possible land use constraints to wind energy were taken into account. • Economic indicators were estimated on the basis of two wind turbines. • We used a GIS-based methodology for this analysis and found it very useful. • Results suggest that Sweden holds economic feasible wind energy resource, specially in the southern and central regions. - Abstract: Due to modern advancements in renewable energy systems and increasing prices of fossil fuels wind energy is getting a lot of attention all over the world. In this regard, Sweden also fixed motivated targets to get energy supply from local renewable energy resources. So, local wind power could help the country in achieving the targets. In this study, economic indicators of wind energy were spatially estimated for Sweden by using ArcGIS tool. In order to do this, as input data one-year high resolution modeled annual average wind data was processed by means of Rayleigh distribution, wind turbine power curve, land use constraints, technical constraints and economic parameters. Based on the input data, it was concluded that Sweden possesses economically feasible wind energy resource. The results of the study indicate that southern and central regions could produce economically viable wind electricity in all aspects as compared to the northern region of the country. Lastly, it was recommended to speed up wind energy penetration in Sweden, communal awareness and acceptance regarding the resource should be increased to avoid possible misunderstanding. Additionally, the capability of the national electric grid should be enhanced to take up the large scale unpredictable wind energy resource.

  19. Analysis of Socio-Economic Indicators on Different Bioenergy Case Studies

    NARCIS (Netherlands)

    van Eijck, Janske; Faaij, André

    2014-01-01

    Socio-economic indicators are not fully developed and operational while this is an important aspect of sustainability. Seven case studies were analyzed within the Global-Bio-Pact project covering seven countries and five feedstock types. The 100 indicators that are identified are analyzed and

  20. Economic Darwinism

    DEFF Research Database (Denmark)

    Sloth, Birgitte; Whitta-Jacobsen, Hans Jørgen

    2011-01-01

    We define an evolutionary process of "economic Darwinism" for playing the field, symmetric games. The process captures two forces. One is "economic selection": if current behavior leads to payoff differences, behavior yielding lowest payoff has strictly positive probability of being replaced...... in the literature. Using this result, we demonstrate that generally under positive (negative) externalities, economic Darwinism implies even more under- (over-)activity than does Nash equilibrium....

  1. Economic Darwinism

    DEFF Research Database (Denmark)

    Sloth, Birgitte; Whitta-Jacobsen, Hans Jørgen

    We define an evolutionary process of “economic Darwinism” for playing-the-field, symmetric games. The process captures two forces. One is “economic selection”: if current behavior leads to payoff differences, behavior yielding lowest payoff has strictly positive probability of being replaced...... in the literature. Using this result, we demonstrate that generally under positive (negative) externalities, economic Darwinism implies even more under- (over-) activity than does Nash equilibrium...

  2. Qualitative Economics

    DEFF Research Database (Denmark)

    Fast, Michael; Clark, Woodrow

    2012-01-01

    the everyday economic life is the central issue and is discussed from the perspective of interactionism. It is a perspective developed from the Lifeworld philosophical traditions, such as symbolic interactionism and phenomenology, seeking to develop the thinking of economics. The argument is that economics...... and the process of thinking, e.g. the ontology and the epistemology. Keywords: qualitative, interaction, process, organizing, thinking, perspective, epistemology....

  3. Relationship Between the Brazilian Soccer Confederation Rankings and the Economical-Financial Indicators of Soccer Teams

    Directory of Open Access Journals (Sweden)

    Cleston Alexandre dos Santos

    2017-02-01

    Full Text Available Brazilian soccer teams are required to present good results inside and outside the field. The main demand is about winning titles, to present continuous and increasing profits, and, consequently, to reach economic-financial stability. The present study aims at analyzing the relationship between the ranking formed by the Brazilian Soccer Confederation (CBF and the economic-financial indicators of the Brazilian soccer teams. The sample consisted of 36 Brazilian soccer teams that belong to the series A, B and C. Such teams are linked to CBF and published their financial statements of 2014. For data analysis, we used multi-criteria decision making method VIKOR that was applied along with Kendall rank correlation. Results revealed that the majority of Brazilian soccer teams have insufficient economical liquidity; they cannot bear their own expenses; they dependent of third-party resources; and they present negative profitability. Results also showed, through VIKOR technique, that the soccer teams studied occupy different positions in CBF ranking and in the economical-financial indicators, except for Botafogo club. Kendall rank correlation revealed no correlation and no significance between the rankings. Findings seem to support the idea that there is no relationship between CBF rankings and the economical-financial indicators of Brazilian soccer teams.

  4. Energy indicators series: analyzing the energy-related evidence of economic transition in the Pacific Rim

    International Nuclear Information System (INIS)

    Paga, Enrique; Birol, Fatih

    1992-01-01

    In recent years, much attention has been focused upon the Asian Pacific countries as constituting an economic 'miracle' over the last two decades. Economic growth in the Pacific Rim has been higher than in any other area of the world. The rapid industrialization process and its impact on the economies of these countries, at both macro and micro levels, are discussed widely in the economic literature. Of particular interest are the fundamental structural changes these countries have experienced in their transition to industrialized economies. This instalment of the annual 'Energy indicators' series concentrates on Pacific Rim countries, namely Hong Kong, the Philippines, Singapore, South Korea, Taiwan and Thailand. Similar to other experiences, rapid economic growth in these countries has been accompanied by 'spectacular' growth in demand for energy. Therefore, this year's paper not only underlines certain trends in these six energy markets but also attempts to test the phenomenon 'threshold country', i.e., shifting from the developing to the industrialized world by using common indicators and methodologies. The analysis starts with a comparison of energy intensities. Section 2 provides an overview of the socio-economic and energy indicators of the Pacific Rim countries. Section 3 introduces a standard econometric model on the most dynamic consuming sector, namely transport. Section 4 presents the projections of consumption in this sector and discusses policy issues. Some concluding remarks in Section 6 complete the paper. (author)

  5. Qualitative Economics

    DEFF Research Database (Denmark)

    Fast, Michael; Clark II, Woodrow W

                         This book is about science -- specifically, the science of economics. Or lack thereof is more accurate. The building of any science, let alone economics, is grounded in the understanding of what is beneath the "surface" of economics. Science, and hence economics, should...... be concerned with formulating ideas that express theories which produce descriptions of how to understand phenomenon and real world experiences.                       Economics must become a science, because the essence of economics in terms of human actions, group interactions and communities are in need...... of scientific inquiry. Academics and scholars need a scientific perspective that can hypothesize, theorize document, understand and analyze human dynamics from the individual to more societal interactions. And that is what qualitative economics does; it can make economics into becoming a science. The economic...

  6. Reactive tendencies of bibliometric indicators: Trends in the alphabetization of authorship in economics and information science

    DEFF Research Database (Denmark)

    Faber Frandsen, Tove; Nicolaisen, Jeppe

    The paper adds a category to the list of possible negative steering effects of bibliometric indicators with a category for changes in credit assignment. The results of a longitudinal study of credit assignment practices in the fields of economics and information science are presented. The practice...... of alphabetization of authorship is demonstrated to vary significantly between the two fields. A slight increase is demonstrated to have taken place in economics during the last 30 years (1978-2007). A substantial decrease is demonstrated to have taken place in information science during the same period. A possible...... explanation for the demonstrated difference could be that information scientists have been much more aware of the bibliometric consequences of being first author compared to their colleagues in comparable fields (e.g., economics). This and other possible reactive tendencies of bibliometric indicators...

  7. INDICATORS OF THE ECONOMIC AND FINANCIAL PERFORMANCE FOR THE PUBLIC UNIVERSITIES IN ROMANIA

    Directory of Open Access Journals (Sweden)

    Cristina-Petrina Trincu-Dragusin

    2016-12-01

    Full Text Available Quantifying the economic and financial performance in public universities represents a current, very interesting and quite a controversial matter of debate given that the accounting information realm is not sufficient explored through the financial analysis. The paper focuses on the ways of measuring the economic and financial performance in public universities in Romania, having as main purpose to provide a set of assessing indicators, by adapting the financial analysis paradigm existing for the private sector, to the public sector particularities. The specific objectives refer to the rentability, self-financing capacity, efficiency of the university expenditures and risk analysis, and the research approach is developed in the context in which either the national law or the international one do not regulate specific indicators for the economic and financial performance analysis within the public sector institutions

  8. The economic aspect

    International Nuclear Information System (INIS)

    MacKerron, G.

    1984-01-01

    The subject is covered in sections: introduction (indicating the importance of 'back end' operations in the economics of nuclear power production); irradiated fuel transport costs in the UK (the Sizewell PWR; existing UK reactors); economic appraisal; past nuclear economics; future nuclear economics; (electricity demand; technological maturity; social and political factors; competition to nuclear power). (U.K.)

  9. "New Economics"?

    DEFF Research Database (Denmark)

    Nielsen, Jørgen Ulff-Møller

    1999-01-01

    The United States, the United Kingdom and Denmark have all enjoyed a long period of high stable growth and low inflation in the 1990s. Attempts to determine the implications of this have led to the so-called "New Economics", whose advocates claim that the relationship between economic growth...

  10. Prediction of net energy consumption based on economic indicators (GNP and GDP) in Turkey

    International Nuclear Information System (INIS)

    Soezen, Adnan; Arcaklioglu, Erol

    2007-01-01

    The most important theme in this study is to obtain equations based on economic indicators (gross national product-GNP and gross domestic product-GDP) and population increase to predict the net energy consumption of Turkey using artificial neural networks (ANNs) in order to determine future level of the energy consumption and make correct investments in Turkey. In this study, three different models were used in order to train the ANN. In one of them (Model 1), energy indicators such as installed capacity, generation, energy import and energy export, in second (Model 2), GNP was used and in the third (Model 3), GDP was used as the input layer of the network. The net energy consumption (NEC) is in the output layer for all models. In order to train the neural network, economic and energy data for last 37 years (1968-2005) are used in network for all models. The aim of used different models is to demonstrate the effect of economic indicators on the estimation of NEC. The maximum mean absolute percentage error (MAPE) was found to be 2.322732, 1.110525 and 1.122048 for Models 1, 2 and 3, respectively. R 2 values were obtained as 0.999444, 0.999903 and 0.999903 for training data of Models 1, 2 and 3, respectively. The ANN approach shows greater accuracy for evaluating NEC based on economic indicators. Based on the outputs of the study, the ANN model can be used to estimate the NEC from the country's population and economic indicators with high confidence for planing future projections

  11. Indicators of Economic Progress: The Power of Measurement and Human Welfare

    Directory of Open Access Journals (Sweden)

    Garry Jacobs

    2010-10-01

    Full Text Available Right measurement is a powerful instrument for social progress; wrong or imprecise measurement a source of hazard and even havoc. The essential purpose of economic activity is the promotion of human development, welfare and well-being in a sustainable manner, and not growth for growth’s sake, yet we lack effective measures to monitor progress toward these objectives. Advances in understanding, theory and measurement must necessarily proceed hand in hand. A companion article in this publication sets forth the urgent need for new theory in economics. This article sets forth the complementary need for new measures. The stakes are high and the choice is ours. On one side, rising social tensions, recurring financial crises and ecological disaster; on the other, the progressive unfolding and development of human capacity in harmony with Nature. The deficiencies of GDP as a measure are well-documented by leading economists Kuznets, Tobin, Tinbergen and many others; but, unfortunately, decision-making still remains largely based on GDP, valid during 1930-70 perhaps, but certainly inappropriate today. The challenge is to derive more appropriate indicators to reflect real, sustainable economic welfare, social development and human wellbeing. The attributes that have made GDP so successful are often overlooked — it provides clear objectives for policy and decision-making. We propose new composite indicator, HEWI, which can be used to guide decision-making, which retains the strengths associated with GDP, while substantially enhancing its value as a measure of human economic development. HEWI monitors progress on factors that contribute prominently to present economic welfare — household consumption, government welfare-related expenditure, income inequality and unemployment — as well as factors that have the potential to significantly enhance long term sustainability — education, fossil fuel energy efficiency and net household savings. The index

  12. System of Indicators of the Level of Costs of Financing an Economic Subject

    Directory of Open Access Journals (Sweden)

    Laktionova Aleksandra A.

    2013-11-01

    Full Text Available The article offers a system of indicators of the level of costs of financing economic subjects, in the basis of which there is a function of formation of recommendations or identification of directions and priorities in the part of selection of one or another source of financing, its urgency and specific features of attraction of resources, on the basis of information on the level of agent’s costs, information asymmetry costs, financial instability, transaction and market indicators of cost of financial resources. The article pays a special attention to a significant structure forming factor of the ownership structure, which identifies the volume and logic of interconnection of all costs of financing and determining incentives and risks in the system of management of financial activity of an economic subject from the point of view of all participants. It exerts especially big influence upon formation of such implicit costs of financing as agent’s costs and information asymmetry costs. The system of factors of stimulants and de-stimulants of costs of financing includes factors of external environment (macro-economic and market indicators of cost and institutional provision and internal environment (ownership structure, characteristic of investment activity and financing an economic subject, organisation of business and corporate management.

  13. Ecological economics and economic growth.

    Science.gov (United States)

    Victor, Peter A

    2010-01-01

    Boulding's 1966 paper on the economics of spaceship Earth established the framework for ecological economics and an understanding of economic growth. In ecological economics, economies are conceptualized as open subsystems of the closed biosphere and are subject to biophysical laws and constraints. Economic growth measured as an increase in real gross domestic product (GDP) has generally been associated with increases in the use of energy and materials and the generation of wastes. Scale, composition, and technology are the proximate determinants of environmental impacts. They are often reduced to two: scale (GDP) and intensity (impact per unit GDP). New work described in this paper defines "green" growth as intensity that declines faster than scale increases. Similarly, "brown" growth occurs when intensity declines more slowly than increases in scale, and "black" growth happens when both scale and intensity increase. These concepts are then related to the environmental Kuznets curve, which can be understood as a transition from brown to green growth. Ecological economics provides a macroperspective on economic growth. It offers broad policy principles, and it challenges the primacy of economic growth as a policy objective, but many important questions remain.

  14. INDICATOR SYSTEM FOR MEASUREMENT OF FINANCIAL AND ECONOMIC ACTIVITIES IN PUBLIC INSTITUTIONS

    Directory of Open Access Journals (Sweden)

    Valeriy Dudnyk

    2015-11-01

    Full Text Available The object of the work is study of methods for analyzing the current financial and economic performance of a company as well as the usage of existing methods for the assessment of the company in the current and future periods. Analysis of financial and economic performance provides not only assessment of the current situation of a company, but a projection of its future behavior. Thus, the results can be used for planning and prediction. Different ways of handling of economic information are currently used in activity analysis to study the factors influencing the performance of a company and to account its reserves. An objective assessment of the financial and economic situation of the modern enterprise is the crucial part of justified decision-making. It forms the basis for determining the development strategy and acts as one of the key indicators for investors and creditors. Tracking and evaluating the effectiveness of a company requires above all comprehensive assessment of its financial and economic activities, monitoring the implementation of decisions, and identification of reserves for improvement. The process of activity analysis requires generalization of models which allow using their results both as a guide for future development of the economic system as well as a base for comparison and evaluation of the present state of the company. This enables justified decision making in particular situations and clarifies usage of existing methods for assessment of the company in the current and future periods. Results. Financial and economic activities of a company require comprehensive analysis, which may be carried out in the following steps: formulating and analyzing business objectives of the company, forming the information basis, constructing a comparison table, analyzing the data, producing a comprehensive rating score of the financial and economic situation of the company. Comprehensive rating score should take into account all

  15. Development economics

    International Nuclear Information System (INIS)

    Roebuck, F.

    1992-01-01

    This paper discusses term development economics which refers to the economic evaluation of investment opportunities that occur after the discovery well is drilled and completed. with specific regard to the techniques used and the economic yardsticks available for investment decisions. Three potential situations are considered in this paper: the incorporation of development wells into the outcomes of the original exploration project, mutually exclusive or alternative investment opportunities, and the installation of improved or enhanced recovery projects during or at the end of the primary producing life of a property

  16. Examining the impacts of oil price changes on economic indicators: A panel approach

    Science.gov (United States)

    Lim, Kah Boon; Sek, Siok Kun

    2017-04-01

    The impact of oil price on global economy is evident from many studies and research findings. In this study, we extend the research on examining the impact of oil price changes on economic indicators in terms of economic growth and inflation by comparing different groups of economies (high income versus low income countries and oil importing versus oil exporting countries). Our main objective is to reveal if such impact varies across country income level/ development and oil dependency. In addition, we also seek to compare the impacts of oil price relative to the other factors indicators (money supply, foreign direct investment, exchange rate, government expenditure, inflation and gross domestic product) on economy. For the purpose of this study, the co-integration regression (DOLS and FMOLS) techniques are applied to the panel dataset of four groups of economies which contain 10 countries in each panel dataset. The analysis results show that oil price is not the main determinant although it can have a significant impact on inflation and economic growth across all groups of economies. The three main determinants of economic growth are exchange rate, aggregate demand and government expenditure while the determinants of inflation are aggregate supply and exchange rate. Furthermore, our result also concludes that oil price has a positive impact in oil exporting economies but it shows a negative impact in oil importing economies due to the oil dependency factor.

  17. Environmental Economics

    International Development Research Centre (IDRC) Digital Library (Canada)

    David Glover, Bhim Adhikari and Isabelle Proulx

    Economy and Environment Program for Southeast Asia. ERF. Economic ... economists can contribute to this work by estimating the monetary value of such environment-related benefits ... One of the few safe places to put money has been land, ...

  18. "New Economics"?

    DEFF Research Database (Denmark)

    Nielsen, Jørgen Ulff-Møller

    1999-01-01

    The United States, the United Kingdom and Denmark have all enjoyed a long period of high stable growth and low inflation in the 1990s. Attempts to determine the implications of this have led to the so-called "New Economics", whose advocates claim that the relationship between economic growth and ...... and inflation has fundamentally changes. The following article tests this thesis against current data for the USA.......The United States, the United Kingdom and Denmark have all enjoyed a long period of high stable growth and low inflation in the 1990s. Attempts to determine the implications of this have led to the so-called "New Economics", whose advocates claim that the relationship between economic growth...

  19. Exploration economics

    International Nuclear Information System (INIS)

    Mcgill, R.E.

    1992-01-01

    This paper deals with determining the economic viability of the play or prospect. At the outset, one point is important. Preexploration economists are important because they enable geologists to see if their assumptions will prove profitable. Their assumptions must consider the full range of possible outcomes, even if only some portion of that range may contain prospects or plays that are estimated to be profitable. Play economics are preferable to prospect economics because, being the sum of several prospects, they give a broader view of the investment opportunity. Finally, remember that play and prospect economics are always slightly optimistic. They seldom include all of the exploration and overhead changes that must ultimately be borne by the successful prospects

  20. Behavioral Economics

    OpenAIRE

    Sendhil Mullainathan; Richard H. Thaler

    2000-01-01

    Behavioral Economics is the combination of psychology and economics that investigates what happens in markets in which some of the agents display human limitations and complications. We begin with a preliminary question about relevance. Does some combination of market forces, learning and evolution render these human qualities irrelevant? No. Because of limits of arbitrage less than perfect agents survive and influence market outcomes. We then discuss three important ways in which humans devi...

  1. Building economics

    DEFF Research Database (Denmark)

    Pedersen, D.O.(red.)

    Publikationen er på engelsk. Den omfatter alle indlæg på det fjerde internationale symposium om byggeøkonomi, der blev arrangeret af SBI for det internationale byggeforskningsråd CIB. De fem bind omhandler: Methods of Economic Evaluation, Design Optimization, Ressource Utilization, The Building...... Market og Economics and Technological Forecasting in Construction. Et indledende bind bringer statusrapporter for de fem forskningsområder, og det sidste bind sammenfatter debatten på symposiet....

  2. Behavioral economics

    OpenAIRE

    Camerer, Colin F.

    2014-01-01

    Economics, like behavioral psychology, is a science of behavior, albeit highly organized human behavior. The value of economic concepts for behavioral psychology rests on (1) their empirical validity when tested in the laboratory with individual subjects and (2) their uniqueness when compared to established behavioral concepts. Several fundamental concepts are introduced and illustrated by reference to experimental data: open and closed economies, elastic and inelastic demand, and substitutio...

  3. Indicators for Assessing the Socio-Economic Responsibility of Entrepreneurship in Ukraine

    Directory of Open Access Journals (Sweden)

    Dielini Maryna M.

    2017-12-01

    Full Text Available The aim of the article is to determine the main indicators that can be used for assessing the socio-economic responsibility of Ukrainian enterprises, and group these indicators by categories of stakeholders. There presented main recipients towards which the socio-economic responsibility of entrepreneurship is directed, namely, enterprise employees; owners (shareholders; consumers of products; suppliers and competitors; society and state. Forms and instruments for realizing the socio-economic responsibility of enterprises (SERE are presented, and on this basis a system of indicators is developed that can be used in the assessment of the SERE. The indicators have both quantitative and qualitative representation and also provide an opportunity to cover the full scale of the manifestation of the SERE regarding the interest groups. Much attention is paid to the ensuring of profitability of an enterprise (as the main objective of corporate social responsibility, according to A. Carroll, as well as deductions for the development of personnel, both professional and recreational, and for the development of society, welfare of the population in the form of spending on social investment, socially responsible marketing, monetary grants for research, charitable activities, and other tools of the SEPE manifestation.

  4. China's Economic Conditions

    National Research Council Canada - National Science Library

    Morrison, Wayne M

    2008-01-01

    .... The Chinese government has indicated that it intends, over time, to create a "harmonious society" that would promote more balanced economic growth and address a number of economic and social issues...

  5. [Contextual indicators to assess social determinants of health and the Spanish economic recession].

    Science.gov (United States)

    Cabrera-León, Andrés; Daponte Codina, Antonio; Mateo, Inmaculada; Arroyo-Borrell, Elena; Bartoll, Xavier; Bravo, María José; Domínguez-Berjón, María Felicitas; Renart, Gemma; Álvarez-Dardet, Carlos; Marí-Dell'Olmo, Marc; Bolívar Muñoz, Julia; Saez, Marc; Escribà-Agüir, Vicenta; Palència, Laia; López, María José; Saurina, Carme; Puig, Vanessa; Martín, Unai; Gotsens, Mercè; Borrell, Carme; Serra Saurina, Laura; Sordo, Luis; Bacigalupe, Amaia; Rodríguez-Sanz, Maica; Pérez, Glòria; Espelt, Albert; Ruiz, Miguel; Bernal, Mariola

    To provide indicators to assess the impact on health, its social determinants and health inequalities from a social context and the recent economic recession in Spain and its autonomous regions. Based on the Spanish conceptual framework for determinants of social inequalities in health, we identified indicators sequentially from key documents, Web of Science, and organisations with official statistics. The information collected resulted in a large directory of indicators which was reviewed by an expert panel. We then selected a set of these indicators according to geographical (availability of data according to autonomous regions) and temporal (from at least 2006 to 2012) criteria. We identified 203 contextual indicators related to social determinants of health and selected 96 (47%) based on the above criteria; 16% of the identified indicators did not satisfy the geographical criteria and 35% did not satisfy the temporal criteria. At least 80% of the indicators related to dependence and healthcare services were excluded. The final selection of indicators covered all areas for social determinants of health, and 62% of these were not available on the Internet. Around 40% of the indicators were extracted from sources related to the Spanish Statistics Institute. We have provided an extensive directory of contextual indicators on social determinants of health and a database to facilitate assessment of the impact of the economic recession on health and health inequalities in Spain and its autonomous regions. Copyright © 2016 SESPAS. Publicado por Elsevier España, S.L.U. All rights reserved.

  6. Analysis of economic convergence through synthetic development indicators: the chilean case study

    Directory of Open Access Journals (Sweden)

    Víctor Fernando Figueroa Arcila

    2003-01-01

    Full Text Available This paper defends the use of convergence models to study the temporary evolution of the Chilean communes’ socioeconomic development. To do so, we will use an indicator made up of using multivariate analysis techniques. By means of regression models of transversal section and models of distributional dynamics we will outline, on the basis of the historic function of communal economies, the behaviour expected for those economies in future and, therefore, the tendencial evolution of Chilean territorial economic model.

  7. Voodoo Economics:Voodoo Economics

    OpenAIRE

    Briones Alonso, Elena

    2017-01-01

    This dissertation collects three essays that aim to contribute to the field of cultural economics. There is growing recognition among economists and policy makers that culture matters for economic development, but in many cases this trend has not resulted in a thorough understanding of the role of culture, or a proper integration of existing knowledge in policy. This is particularly true for the area of food security. The second chapter addresses this issue by reviewing existing cross-discipl...

  8. Behavioral economic measures of alcohol reward value as problem severity indicators in college students.

    Science.gov (United States)

    Skidmore, Jessica R; Murphy, James G; Martens, Matthew P

    2014-06-01

    The aims of the current study were to examine the associations among behavioral economic measures of alcohol value derived from 3 distinct measurement approaches, and to evaluate their respective relations with traditional indicators of alcohol problem severity in college drinkers. Five behavioral economic metrics were derived from hypothetical demand curves that quantify reward value by plotting consumption and expenditures as a function of price, another metric measured proportional behavioral allocation and enjoyment related to alcohol versus other activities, and a final metric measured relative discretionary expenditures on alcohol (RDEA). The sample included 207 heavy-drinking college students (53% female) who were recruited through an on-campus health center or university courses. Factor analysis revealed that the alcohol valuation construct comprises 2 factors: 1 factor that reflects participants' levels of alcohol price sensitivity (demand persistence), and a second factor that reflects participants' maximum consumption and monetary and behavioral allocation toward alcohol (amplitude of demand). The demand persistence and behavioral allocation metrics demonstrated the strongest and most consistent multivariate relations with alcohol-related problems, even when controlling for other well-established predictors. The results suggest that behavioral economic indices of reward value show meaningful relations with alcohol problem severity in young adults. Despite the presence of some gender differences, these measures appear to be useful problem indicators for men and women. PsycINFO Database Record (c) 2014 APA, all rights reserved.

  9. Does national scale economic and environmental indicators spur logistics performance? Evidence from UK.

    Science.gov (United States)

    Khan, Syed Abdul Rehman; Qianli, Dong

    2017-12-01

    The aim of this study is to examine the association between national economic and environmental indicators with green logistics performance in a time series data of UK since 1981 to 2016. The research used autoregressive distributed lag method to understand the long-run and short-run relationships of national scale economic (foreign direct investment (FDI) inflows, per capita income) and environmental indicators (total greenhouse gases, fossil fuel, and renewable energy) on green logistics. In the short run, the research findings indicate that the green logistics and renewable energy have positive relationship, while fossil fuel is negatively correlated with green logistics operations. On the other hand, in the long run, the results show that FDI inflows, renewable energy sources, and per capita income have statistically significant and positive association with green logistics activities, while foreign investments attracted by environmental friendly policies and practices adopted in global logistics operations, which not only increase the environmental sustainability but also enhance economic activities with greater export opportunities in the region.

  10. Integrating economic and environmental indicators in the assessment of desertification risk: A case study

    Energy Technology Data Exchange (ETDEWEB)

    Salvati, L. [Piazza F. Morosini 12, Rome (Italy); Zitti, M.; Ceccarelli, T. [Ufficio Centrale di Ecologia Agraria, Rome (Italy)

    2008-09-30

    Desertification is a complex phenomenon which reduces the soil fertility involving ecological and economic processes that characterize the environment at different geographic scales. The most widely accepted definition of desertification is the one given by the United Nations Convention. It defines desertification as 'land degradation in arid, semi-arid and dry sub-humid areas resulting from various factors, including climatic variations and human actities'.Desertification involves many countries featuring different ecological, economic, and social conditions. In Mediterranean Europe, high human pressure, economic development, and climatic changes combine to produce land consumption, soil erosion, salinization, and fire risk, all considered as key factors to start desertification processes. For many years the term desertification has been strictly associated to geo-physical conditions, but in very complex ecosystems the study of the interaction of physical patterns with population and social characteristics is necessary to better delineate areas at risk. The aims of this paper are therefore (i) to review recent findings in term of desertification processes and risk assessment in the Mediterranean basin, (ii) to illustrate a simplified model in which social and economic variables may significantly accelerate land degradation leading to desertification, (iii) to suggest a set of demographic, economic, and institutional indicators suitable to contribute to the assessment of desertification risk in the Mediterranean basin, (iv) to built a synthetic index based on a multivariate approach and, finally, (v) to compare such index with a standard index of desertification risk only referring to geo-physical conditions. As a conclusion, new findings to be achieved in the context of human impact on environment as an original contribution to the study of desertification were delineated.

  11. Socio-economic vulnerability to natural hazards - proposal for an indicator-based model

    Science.gov (United States)

    Eidsvig, U.; McLean, A.; Vangelsten, B. V.; Kalsnes, B.; Ciurean, R. L.; Argyroudis, S.; Winter, M.; Corominas, J.; Mavrouli, O. C.; Fotopoulou, S.; Pitilakis, K.; Baills, A.; Malet, J. P.

    2012-04-01

    Vulnerability assessment, with respect to natural hazards, is a complex process that must consider multiple dimensions of vulnerability, including both physical and social factors. Physical vulnerability refers to conditions of physical assets, and may be modeled by the intensity and magnitude of the hazard, the degree of physical protection provided by the natural and built environment, and the physical robustness of the exposed elements. Social vulnerability refers to the underlying factors leading to the inability of people, organizations, and societies to withstand impacts from the natural hazards. Social vulnerability models can be used in combination with physical vulnerability models to estimate both direct losses, i.e. losses that occur during and immediately after the impact, as well as indirect losses, i.e. long-term effects of the event. Direct impact of a landslide typically includes casualties and damages to buildings and infrastructure while indirect losses may e.g. include business closures or limitations in public services. The direct losses are often assessed using physical vulnerability indicators (e.g. construction material, height of buildings), while indirect losses are mainly assessed using social indicators (e.g. economical resources, demographic conditions). Within the EC-FP7 SafeLand research project, an indicator-based method was proposed to assess relative socio-economic vulnerability to landslides. The indicators represent the underlying factors which influence a community's ability to prepare for, deal with, and recover from the damage associated with landslides. The proposed model includes indicators representing demographic, economic and social characteristics as well as indicators representing the degree of preparedness and recovery capacity. Although the model focuses primarily on the indirect losses, it could easily be extended to include more physical indicators which account for the direct losses. Each indicator is individually

  12. Analysis of extreme values of the economic efficiency indicators of transport infrastructure projects

    Science.gov (United States)

    Korytárová, J.; Vaňková, L.

    2017-10-01

    Paper builds on previous research of the authors into the evaluation of economic efficiency of transport infrastructure projects evaluated by the economic efficiency ratio - NPV, IRR and BCR. Values of indicators and subsequent outputs of the sensitivity analysis show extremely favourable values in some cases. The authors dealt with the analysis of these indicators down to the level of the input variables and examined which inputs have a larger share of these extreme values. NCF for the calculation of above mentioned ratios is created by benefits that arise as the difference between zero and investment options of the project (savings in travel and operating costs, savings in travel time costs, reduction in accident costs and savings in exogenous costs) as well as total agency costs. Savings in travel time costs which contribute to the overall utility of projects by more than 70% appear to be the most important benefits in the long term horizon. This is the reason why this benefit emphasized. The outcome of the article has resulted how the particular basic variables contributed to the total robustness of economic efficiency of these project.

  13. Economic fables

    OpenAIRE

    Moran, Shane

    2010-01-01

    I had the good fortune to grow up in a wonderful area of Jerusalem, surrounded by a diverse range of people: Rabbi Meizel, the communist Sala Marcel, my widowed Aunt Hannah, and the intellectual Yaacovson. As far as I'm concerned, the opinion of such people is just as authoritative for making social and economic decisions as the opinion of an expert using a model. Part memoir, part crash-course in economic theory, this deeply engaging book by one of the world's foremost economists looks at ...

  14. National approach to economic performance indicators for nuclear power plants: USA

    International Nuclear Information System (INIS)

    2006-01-01

    The structure of the US electric power industry comprises a combination of traditional electric utilities and less traditional electricity producing companies. The electric utilities include investor owned, publicly owned, federal and cooperative firms. Approximately three quarters of the electricity generated by utilities is generated by investor owned companies. These utilities are, for the most part, franchised monopolies that have an obligation to provide electricity to all customers within a service area. Most provide for the generation, transmission and distribution of electricity, although the distinctions between these services are breaking down as the electricity industry becomes more deregulated. The shares are publicly traded and their areas of business operation are expanding into new ones, sometimes unrelated to the provision of electricity or even energy. Under deregulation and open market pricing of electricity, the business and financial success of operating nuclear plants must be considered to a much greater extent along with the successful achievement of safety and reliability objectives. In developing strategic and operational goals, nuclear plant managers are required to embrace clear and measurable business objectives and goals that not only assure the achievement of safety and reliability but, in addition, eliminate unnecessary costs and identify investment opportunities. These goals must balance operating and safety risk while optimizing plant revenues and earnings and ultimately ensure the profitability of electricity generating facilities. In doing so, it is essential that plant managers articulate goal achievement through the application of effective, measurable, economic performance indicators. Individual nuclear plants will sell their output competing on electricity price, ultimately to ensure the safe, reliable and economic dispatch of their generation either onto open spot markets or by competitive bidding for bilateral contracts. In

  15. Economic and demographic outlook

    International Nuclear Information System (INIS)

    Darby, P.M.

    1995-01-01

    Economic forecasts were produced and past trends were examined. Information was presented as a series of figures only, without accompanying text. Information provided included current exchange rates, economic growth, interest rates, housing starts, unemployment rates, personal savings rates and other economic indicators. 40 figs

  16. Dominant Indicators of Bank Crises: Comparative Analysis for States with Different Levels of Economic Development

    Directory of Open Access Journals (Sweden)

    Kozlov Vladislav I.

    2014-03-01

    Full Text Available The article is devoted to identification of common and distinctive regularities of development of banking systems with different levels of development of economy through study of the most important macro-economic and financial indicators. The article uses instruments of the applied statistics. The study is based on comparison of mean values of indicators in two groups of countries (countries with a high level of income and countries with a medium level of income, each of which is divided into two sub-groups based on whether there was banking crisis in 2008 or not. In the result of the study the article shows that there are both common and distinctive features of development of banking systems of countries with different levels of economic development. Thus, a typical scenario, characteristic for countries with developed economy that had banking crisis in 2008, includes availability of a relatively large-scale crediting of the economy under conditions of relatively low rates of economic growth and close connections of the national banking systems with banking systems of other countries. Development of banking systems of developing countries during the pre-crisis period is characterised with the following specific features: relatively high rates of growth of scales of crediting of the economy and high rates of economic growth under conditions of use of significant volumes of resources, borrowed in financial markets, and close connection of the national banking systems with banking systems of other countries. The study allows a more efficient use of experience of states with developed economy, since the described results give a possibility to adjust experience of other states, taking into account characteristic features of banking systems of developing countries. Also the study identified states, experience of which should be studied. The conducted analysis of interrelations of indicators could be used for building models of assessment of

  17. Economic considerations

    International Nuclear Information System (INIS)

    Burns, W.A. Jr.

    1980-01-01

    A brief qualitative comparison of the technical differences between liquid membranes and three other technologies: biological treatment, ion exchange and solvent extraction is presented. It is shown how the differences can result in substantial economic advantages. For uranium recovery from phosphoric acid a lower organic loss is achieved by the liquid membrane than by the solvent extraction process. (U.K.)

  18. Food economics

    DEFF Research Database (Denmark)

    Hansen, Henning Otte

    and issues and such as food security, quality, obesity and health are ever important factors. This book describes the link between food markets and food companies from a theoretical and a business economics perspective. The relationships, trends and impacts on the international food market are presented...

  19. Mystical Economics

    Directory of Open Access Journals (Sweden)

    Marin Dinu

    2012-04-01

    Full Text Available The world envisioned by Economics resembles the Garden of Eden, where everything came from God, the pre-primordial sin people having nothing else to do but wait for the natural rhythms, set by the invisible hand, which is moved by the will and the power of the Creator.

  20. Economic impact

    Energy Technology Data Exchange (ETDEWEB)

    Technology Transfer Department

    2001-06-01

    In federal fiscal year 2000 (FY00), Berkeley Lab had 4,347 full- and part-time employees. In addition, at any given time of the year, there were more than 1,000 Laboratory guests. These guests, who also reside locally, have an important economic impact on the nine-county Bay Area. However, Berkeley Lab's total economic impact transcends the direct effects of payroll and purchasing. The direct dollars paid to the Lab's employees in the form of wages, salaries, and benefits, and payments made to contractors for goods and services, are respent by employees and contractors again and again in the local and greater economy. Further, while Berkeley Lab has a strong reputation for basic scientific research, many of the Lab's scientific discoveries and inventions have had direct application in industry, spawning new businesses and creating new opportunities for existing firms. This analysis updates the Economic Impact Analysis done in 1996, and its purpose is to describe the economic and geographic impact of Laboratory expenditures and to provide a qualitative understanding of how Berkeley Lab impacts and supports the local community. It is intended as a guide for state, local, and national policy makers as well as local community members. Unless otherwise noted, this analysis uses data from FY00, the most recent year for which full data are available.

  1. Mobile phone call data as a regional socio-economic proxy indicator.

    Directory of Open Access Journals (Sweden)

    Sanja Šćepanović

    Full Text Available The advent of publishing anonymized call detail records opens the door for temporal and spatial human dynamics studies. Such studies, besides being useful for creating universal models for mobility patterns, could be also used for creating new socio-economic proxy indicators that will not rely only on the local or state institutions. In this paper, from the frequency of calls at different times of the day, in different small regional units (sub-prefectures in Côte d'Ivoire, we infer users' home and work sub-prefectures. This division of users enables us to analyze different mobility and calling patterns for the different regions. We then compare how those patterns correlate to the data from other sources, such as: news for particular events in the given period, census data, economic activity, poverty index, power plants and energy grid data. Our results show high correlation in many of the cases revealing the diversity of socio-economic insights that can be inferred using only mobile phone call data. The methods and the results may be particularly relevant to policy-makers engaged in poverty reduction initiatives as they can provide an affordable tool in the context of resource-constrained developing economies, such as Côte d'Ivoire's.

  2. Value of Lost Load: An Efficient Economic Indicator for Power Supply Security? A Literature Review

    Energy Technology Data Exchange (ETDEWEB)

    Schröder, Thomas, E-mail: t.schroeder@fz-juelich.de; Kuckshinrichs, Wilhelm [Institute of Energy and Climate Research – Systems Analysis and Technology Evaluation (IEK-STE), Forschungszentrum Jülich GmbH, Jülich (Germany)

    2015-12-24

    Security of electricity supply has become a fundamental requirement for well-functioning modern societies. Because of its central position in all sections of society, the present paper considers the economic consequences of a power supply interruption. The value of lost load (VoLL) is a monetary indicator expressing the costs associated with an interruption of electricity supply. This paper reviews different methods for calculating VoLL, provides an overview of recently published studies, and presents suggestions to increase the explanatory power and international comparability of VoLL.

  3. Mathematical and Economic Modeling of the Results of Correlation Between Indicators of Profitability and Asset Management

    Directory of Open Access Journals (Sweden)

    Silviu CÂRSTINA

    2015-09-01

    Full Text Available Activity companies, regardless of sector, aims to both keep a favorable position in the market and creating financial resources to respond favorably people interact undertaking. These considerations are actually provided by the existence and sustainability of any business activity. Through this paper we follow not only the level of profitability of businesses related to food industry sector in Dolj, Romania, but also the correlation between the indicators of profitability and management of assets. The period of analysis is given by the range of 2012 - 2013, and of data analysis in terms of economic and mathematical being done using SPSS statistical and mathematical software.

  4. Economic enterprise during economic dowturn

    Directory of Open Access Journals (Sweden)

    Eugeniusz Niedzielski

    2015-12-01

    The analysis showed, among others, that after a marked deterioration in the small and medium-sized enterprises sector in 2009 there was a gradual improvement of the financial situation and development of companies. Also, last year the level of optimism of entrepreneurs in the perception of the economic situation increased significantly.

  5. Explaining slow economic growth and poor social development indicators: The case of Morocco

    NARCIS (Netherlands)

    S.I. Bergh (Sylvia)

    2005-01-01

    textabstractDrawing on elements of a political economy framework, this paper addresses two inter-related questions with regard to economic growth and public expenditure patterns in Morocco. The main factors that help explain Morocco’s relatively slow economic growth for the last few decades have to

  6. Economic analysis

    International Nuclear Information System (INIS)

    Owen, P.S.; Parker, M.B.; Omberg, R.P.

    1979-03-01

    The methodology used to arrive at the conclusions in the U.S. papers WG 5A-19 and WG 5A-22 with respect to the economics of fast breeders relative to LWR's is developed in detail in this contribution. In addition, sample calculations of the total levelized power cost of a standard LWR at $40/pound for U 3 O 8 and an FBR at a capital cost of 1.5 times that of an LWR are included. The respective total levalized power costs of the above two examples are 21.29 mills/kwh for the standard LWR and 28.48 mills/kwh for the FBR. It should be noted that the economic data used in these analyses are contained in the U.S. contribution, WG 5A-41

  7. Circulation economics

    DEFF Research Database (Denmark)

    Ingebrigtsen, Stig; Jakobsen, Ove

    2006-01-01

    Purpose - This paper is an attempt to advance the critical discussion regarding environmental and societal responsibility in economics and business. Design/methodology/approach - The paper presents and discusses as a holistic, organic perspective enabling innovative solutions to challenges...... concerning the responsible and efficient use of natural resources and the constructive interplay with culture. To reach the goal of sustainable development, the paper argues that it is necessary to make changes in several dimensions in mainstream economics. This change of perspective is called a turn towards...... sustainability. To illustrate the theoretical discussion, the paper gives some practical examples from the reprocessing industry in Norway. Findings - The paper finds, first, effective and efficient use of natural resources is necessary to implement circular value chains. Second, sustainable development...

  8. Integrated economics

    International Nuclear Information System (INIS)

    Bratton, T.J.

    1992-01-01

    This article offers ideas for evaluating integrated solid waste management systems through the use of a conceptual cost overview. The topics of the article include the integrated solid waste management system; making assumptions about community characteristics, waste generation rates, waste collection responsibility, integrated system components, sizing and economic life of system facilities, system implementation schedule, facility ownership, and system administration; integrated system costs; integrated system revenues; system financing; cost projections; and making decisions

  9. Financial indicators to evaluate the economic performance of feedlot steers with different slaughter weights

    Directory of Open Access Journals (Sweden)

    Edom de Avila Fabricio

    Full Text Available ABSTRACT: The objective of this study was to evaluate various financial indicators, estimated deterministically (considering historical quotes twelve consecutive years - 2003 to 2014, on the economic feasibility of finishing steers commercialized with different weights, using the simulation technique. Performance data steers were simulated with average initial weight of 350kg, fed in feedlot and slaughtered with 410, 440, 470, 500, 530, 560 and 590kg. The feeding period varies from 46 to 185 days, respectively. Based in various economic indicators, the viability of the investment decreased linearly according to the increase in slaughter weight. The coefficient of simple linear regression and means from lowest to highest slaughter weight were, respectively: net present value (-0.538 and R$ 67.37, R$ 65.28, R$ 32.14, R$ -7.34, R$ 8.01, R$ -12.38, R$ -23.41; index benefit: cost (-0.0003 and R$ 1.042, R$ 1.039, R$ 1.014, R$ 1.006, R$ 1.003, R$ 0.995, R$ 0.991; additional return on investment (-0.009 and 1.38, 1.29, 0.35, 0.11, 0.05, -0.08, -0.13% per month; internal rate of return (-0.009 and 2.21, 2.10, 1.28, 0.80, 0.93, 0.78, 0.73% per month. Feedlot use as termination option to obtain the direct benefits of this technology is an alternative investment with low economic return.

  10. IMPROVING THE ECOLOGICALAND ECONOMIC INDICES OFTHE COMPANY ON THE BASIS OFTHE BESTAVAILABLE TECHNIQUES

    Directory of Open Access Journals (Sweden)

    Anna Gunkova

    2018-01-01

    Full Text Available It is shown that the modern society pays much attention to the issue of environmental security. On the basis of literary sources it is noted that there is a trend to strengthening the role of environmentally oriented management methods, guidelines for the modernization of production, implementation of environmental management systems and environmental certification. Environmental certification helps the company to properly allocate resources for environmental protection and provides the state with the accurate data and the receipt of payments in budgets of all levels for negative impact on the environment. The structural changes are based on the requirements of the environmental legislation, new requirements to ecological regulation. The authors confirm the need for transition to the Best available techniques (BAT, which significantly improve environmental and economic performance of the enterprise. Implementation of BAT requires the effective replacement of obsolete resource-intensive production and modern technology. Such transitions affect the size of payments for negative impact on the environment and the volume of economic incentives from the state. It is noted that Russia applies the European experience as a basis of creating guidebooks on the best available techniques. The definition of technology as the best available techniques is determined by the resolution of the Government of the Russian Federation. Indicators and information generated in the BREF are also required in carrying out the environmental monitoring and control. Changes in these indicators reflect the quality of the technology used. Implementation of BAT requires significant investments, the priority should be conservation projects that eliminate the most acute environmental problems and maximize environmental benefits. The increased interest of enterprises in the application of environmental technologies is not only based on obtaining favorable conditions for state

  11. Economic analysis

    Energy Technology Data Exchange (ETDEWEB)

    None

    1980-06-01

    The Energy Policy and Conservation Act (EPCA) mandated that minimum energy efficiency standards be established for classes of refrigerators and refrigerator-freezers, freezers, clothes dryers, water heaters, room air conditioners, home heating equipment, kitchen ranges and ovens, central air conditioners, and furnaces. EPCA requires that standards be designed to achieve the maximum improvement in energy efficiency that is technologically feasible and economically justified. Following the introductory chapter, Chapter Two describes the methodology used in the economic analysis and its relationship to legislative criteria for consumer product efficiency assessment; details how the CPES Value Model systematically compared and evaluated the economic impacts of regulation on the consumer, manufacturer and Nation. Chapter Three briefly displays the results of the analysis and lists the proposed performance standards by product class. Chapter Four describes the reasons for developing a baseline forecast, characterizes the baseline scenario from which regulatory impacts were calculated and summarizes the primary models, data sources and assumptions used in the baseline formulations. Chapter Five summarizes the methodology used to calculate regulatory impacts; describes the impacts of energy performance standards relative to the baseline discussed in Chapter Four. Also discussed are regional standards and other program alternatives to performance standards. Chapter Six describes the procedure for balancing consumer, manufacturer, and national impacts to select standard levels. Details of models and data bases used in the analysis are included in Appendices A through K.

  12. "Rekindle and Recapture the Love": Establishing System-Wide Indicators of Progress in Community Engagement and Economic Development

    Science.gov (United States)

    Janke, Emily M.

    2014-01-01

    In May 2012, University of North Carolina (UNC) President Tom Ross simultaneously commissioned two task forces to develop indicators that all UNC campuses could use to measure "progress in community engagement and economic development." The charge to the Community Engagement Task Force and the Economic Development Task Force was to…

  13. Ecological study of socio-economic indicators and prevalence of asthma in schoolchildren in urban Brazil

    Directory of Open Access Journals (Sweden)

    Genser Bernd

    2007-08-01

    Full Text Available Abstract Background There is evidence of higher prevalence of asthma in populations of lower socio-economic status in affluent societies, and the prevalence of asthma is also very high in some Latin American countries, where societies are characterized by a marked inequality in wealth. This study aimed to examine the relationship between estimates of asthma prevalence based on surveys conducted in children in Brazilian cities and health and socioeconomic indicators measured at the population level in the same cities. Methods We searched the literature in the medical databases and in the annals of scientific meeting, retrieving population-based surveys of asthma that were conducted in Brazil using the methodology defined by the International Study of Asthma and Allergies in Childhood. We performed separate analyses for the age groups 6–7 years and 13–14 years. We examined the association between asthma prevalence rates and eleven health and socio-economic indicators by visual inspection and using linear regression models weighed by the inverse of the variance of each survey. Results Six health and socioeconomic variables showed a clear pattern of association with asthma. The prevalence of asthma increased with poorer sanitation and with higher infant mortality at birth and at survey year, GINI index and external mortality. In contrast, asthma prevalence decreased with higher illiteracy rates. Conclusion The prevalence of asthma in urban areas of Brazil, a middle income country, appears to be higher in cities with more marked poverty or inequality.

  14. ECONOMIC VALUE ADDED AND MARKET VALUE ADDED - MODERN INDICATORS FOR ASSESSMENT THE FIRM’S VALUE

    Directory of Open Access Journals (Sweden)

    NICOLAE SICHIGEA

    2015-12-01

    Full Text Available The financial theory developed different categories of indicators - traditional and modern - in order to evaluate the firm’s value creation. The shareholders are directly interested by the value added in the company. The value creation is a complex process that implies correct decisions, common responsibility (managers and shareholders and actions towards an efficient and profitable activity. The traditional indicators of performance are not teoritically correlated with the the value creation and in these circumstances, should be used appropriate financial indicators in order to reflect the value of the company. Therefore, the modern indicators used in the value based management framework offer a greater flexibility and efficiency and represent a good alternative for companies. Such performance indicators used to measure the financial results correlated with shareholder wealth are the Economic Value Added (EVA, as a measure of internal performance and the Market Value Added (MVA as a measure of external performance of the company. Starting from the main deficiencies of the accounting indicators, the objective of this this study is to present the relationship between EVA and MVA and their implications on firms’valuation. Thus, the presentation and analysis of these indicators – EVA and MVA - will underline the main features, their correlations, and influence factors but also the main advantage and disadvantage of each indicator, which will enable the managers to make the correct choice and subsequently the best decision regarding the performance measures.

  15. Using GIS-based methods of multicriteria analysis to construct socio-economic deprivation indices

    Directory of Open Access Journals (Sweden)

    Hayes Michael V

    2007-05-01

    Full Text Available Abstract Background Over the past several decades researchers have produced substantial evidence of a social gradient in a variety of health outcomes, rising from systematic differences in income, education, employment conditions, and family dynamics within the population. Social gradients in health are measured using deprivation indices, which are typically constructed from aggregated socio-economic data taken from the national census – a technique which dates back at least until the early 1970's. The primary method of index construction over the last decade has been a Principal Component Analysis. Seldom are the indices constructed from survey-based data sources due to the inherent difficulty in validating the subjectivity of the response scores. We argue that this very subjectivity can uncover spatial distributions of local health outcomes. Moreover, indication of neighbourhood socio-economic status may go underrepresented when weighted without expert opinion. In this paper we propose the use of geographic information science (GIS for constructing the index. We employ a GIS-based Order Weighted Average (OWA Multicriteria Analysis (MCA as a technique to validate deprivation indices that are constructed using more qualitative data sources. Both OWA and traditional MCA are well known and used methodologies in spatial analysis but have had little application in social epidemiology. Results A survey of British Columbia's Medical Health Officers (MHOs was used to populate the MCA-based index. Seven variables were selected and weighted based on the survey results. OWA variable weights assign both local and global weights to the index variables using a sliding scale, producing a range of variable scenarios. The local weights also provide leverage for controlling the level of uncertainty in the MHO response scores. This is distinct from traditional deprivation indices in that the weighting is simultaneously dictated by the original respondent scores

  16. The integral indicator of socio-economic assessment in regard to resource-oriented territories development in Russia

    Science.gov (United States)

    Chuvashova, M. N.; Avramchikova, N. T.; Zelenkov, P. V.; Petrosyan, M. O.

    2016-04-01

    Economic peculiarity of Russian resource-oriented territories are based on a focal type of industrial complex, differentiation of economies within a principle of mining and processing of natural resources. To improve the economic condition and integrate into the world innovative process is essential to solve the problem of eliminating the prevalence of resourse focus in the industrial economic structure that could ensure the overcoming of the existing spa- cial dissociation and market mechanisms development in innovative promotion. The monitoring system, involving the integral indicator of socioeconomic and territorial potential assessment, has suggested by the authors. The integral indicator could guarantee the objective evaluation of economic condition within a territory that is vital for the governmental authorities to design strategies providing the economic development of administrative territories.

  17. The use of economic indicators from the Global Reporting Initiative by Spanish listed companies

    Directory of Open Access Journals (Sweden)

    María José García

    2014-12-01

    Full Text Available Purpose: Corporate Social Responsibility (CSR in companies is widely accepted within today’s business community. However, the intangibility of this concept and the dispersion of related standards and regulations has created a context characterized by lack of homogeneity in the publishing of CSR results. The present study aims to determine the extent to which Global Reporting Initiative (GRI indicators are used by Spanish listed companies. Design/methodology/approach: An empirical analysis has been performed to asses and evaluate the 2011 CSR reports published by the companies listed on the IBEX-35, the Spanish stock exchange index which includes the most important listed companies. The analysis is centered exclusively on the economic indicators established by the GRI. The methodology used to interpret the results is based on the procedures of multivariate analysis, namely principal components analysis, correlation matrix, and hierarchical clustering. Findings: The results of the study show that although the GRI tool is used extensively within the IBEX-35, the level of performance regarding the parameters established by the GRI varies depending on the studied company and indicator. Research limitations: This study focuses on the biggest Spanish listed companies; thus, the conclusions may differ in other geographic locations, as well as for smaller businesses. Practical implications: This line of research helps to know more about the social reporting policies of big Spanish listed companies. Social implications: The evidence provided by this study helps to know more about the Corporate Social Responsibility policies and sustainability reports and declarations of social and environmental values governing their organizations. Originality/value: This study is the first using principal component analysis in Spanish listed companies focusing in the economic indicators of the GRI.

  18. Sustainability and Indicators Overview from Ecological Economics and Environmental Economics Perspective; Panoramica General de la Sostenibilidad y sus Indicadores desde la Perspectiva de la Economia Ecologica y Economia Ambiental

    Energy Technology Data Exchange (ETDEWEB)

    Cornejo, M

    2012-04-11

    From the emergence of the concept of sustainable development (1987) social sciences have trying to resolve the difficult balance between economy, environment and society and how to measure it with indicators. There are several approaches to sustainability of the economic doctrine which provide different points of view on this issue. The purpose of this article is multiple, firstly we analyze the historical evolution of the relationship between the economic thought and the natural environment. Second, we study the two main economic approaches which study sustainability concerns: the environmental economics and ecological economics. Finally, we examine some of the main economic and environmental indicators. (Author) 40 refs.

  19. Applied evolutionary economics and economic geography

    NARCIS (Netherlands)

    Frenken, K.

    2007-01-01

    Applied Evolutionary Economics and Economic Geography" aims to further advance empirical methodologies in evolutionary economics, with a special emphasis on geography and firm location. It does so by bringing together a select group of leading scholars including economists, geographers and

  20. ECONOMIC AND TOURISM INDICATORS AS A MEANS OF MONITORING SUSTAINABLE TOURISM: THE CASE OF INLAND ISTRIA

    Directory of Open Access Journals (Sweden)

    Nikola Vojnovic

    2013-06-01

    Full Text Available This paper analyses indicators to study the sustainability of tourism in inland Istria, which comprises 24 municipalities and towns belonging to Istria County. Taking into account the criteria of availability, reliability, predictability, clarity and feasibility, the following quantitative indicators were used: the Indicator of Tourist Operation (ITO, the Modified Importance Index of major tourism centres (Im, the Specific Overnights Threshold (SOT, tourism-related taxes in the budgets of municipalities and towns, company investments into tourism and hospitality, and the number of employees in tourism and hospitality. According to the ITO indicator, Predominant Tourism Activity was recorded only in Oprtalj Municipality. Being a measure of the spatial distribution of a specific economic activity, the Modified Importance Index established that in all municipalities and towns of inland Istria tourism is either poorly developed or in its incipient stage. The SOT indicator suggests that tourism has no negative effects on local economies and that tourism-related taxes make a minor contribution to the revenue side of municipal and town budgets. Company investment in tourism and hospitality and the number of employees in these industries are indicators that reveal that inland Istria is only beginning to develop into a tourism region. The quantitative indicators were confirmed by the results of qualitative indicators obtained through problem-focused interviews with the representatives of municipalities, towns and local tourist boards. The singular conclusion derived from the interviews was that tourism is a desirable activity, is in its initial stage of development, and is not a threat to local economies. The results of the study confirm the hypothesis that inland Istria is a region of sustainable tourism currently in the involvement stage of the destination lifecycle.

  1. ECONOMIC SUSTAINABILITY

    Directory of Open Access Journals (Sweden)

    Aurel MARIN

    2013-12-01

    Full Text Available This article aims to highlight the quality of life that depends on necessary, harmonious and simultaneous satisfying of all human needs, instead of „one at a time”, health and economic insecurity being at the very foundation of it. A society that is focused on quality of life will be a society centered on the individual, their needs and aspirations. It needs to offer alternatives and choices of the individual and not to impose models. Coercion of society over the individual is an objective and necessary phenomenon. Its deepening is not, however, as required. Social environment based on quality of life must be characterized by the maximum possible degree of permissiveness in which the individual is educated in its contribution to social awareness.

  2. [Indicators to monitor the evolution of the economic crisis and its effects on health and health inequalities. SESPAS report 2014].

    Science.gov (United States)

    Pérez, Glòria; Rodríguez-Sanz, Maica; Domínguez-Berjón, Felicitas; Cabeza, Elena; Borrell, Carme

    2014-06-01

    The economic crisis has adverse effects on determinants of health and health inequalities. The aim of this article was to present a set of indicators of health and its determinants to monitor the effects of the crisis in Spain. On the basis of the conceptual framework proposed by the Commission for the Reduction of Social Health Inequalities in Spain, we searched for indicators of social, economic, and political (structural and intermediate) determinants of health, as well as for health indicators, bearing in mind the axes of social inequality (gender, age, socioeconomic status, and country of origin). The indicators were mainly obtained from official data sources published on the internet. The selected indicators are periodically updated and are comparable over time and among territories (among autonomous communities and in some cases among European Union countries), and are available for age groups, gender, socio-economic status, and country of origin. However, many of these indicators are not sufficiently reactive to rapid change, which occurs in the economic crisis, and consequently require monitoring over time. Another limitation is the lack of availability of indicators for the various axes of social inequality. In conclusion, the proposed indicators allow for progress in monitoring the effects of the economic crisis on health and health inequalities in Spain. Copyright © 2013 SESPAS. Published by Elsevier Espana. All rights reserved.

  3. Economic growth, ecological economics, and wilderness preservation

    Science.gov (United States)

    Brian Czech

    2000-01-01

    Economic growth is a perennial national goal. Perpetual economic growth and wilderness preservation are mutually exclusive. Wilderness scholarship has not addressed this conflict. The economics profession is unlikely to contribute to resolution, because the neoclassical paradigm holds that there is no limit to economic growth. A corollary of the paradigm is that...

  4. Behavioral economics.

    Science.gov (United States)

    Chambers, David W

    2009-01-01

    It is human nature to overestimate how rational we are, both in general and even when we are trying to be. Such irrationality is not random, and the search for and explanation of patterns of fuzzy thinking is the basis for a new academic discipline known as behavioral economics. Examples are given of some of the best understood of our foibles, including prospect theory, framing, anchoring, salience, confirmation bias, superstition, and ownership. Humans have two cognitive systems: one conscious, deliberate, slow, and rational; the other fast, pattern-based, emotionally tinged, and intuitive. Each is subject to its own kind of error. In the case of rational thought, we tend to exaggerate our capacity; for intuition, we fail to train it or recognize contexts where it is inappropriate. Humans are especially poor at estimating probabilities, or even understanding what they are. It is a common human failing to reason backwards from random outcomes that are favorable to beliefs about our power to predict the future. Five suggestions are offered for thinking within our means.

  5. Reducing nitrogen leaching from fertilizers to surface waters: catchment specific indicators of economic benefits

    DEFF Research Database (Denmark)

    Andersen, Mikael Skou; Levin, Gregor; Odgaard, Mette Vestergaard

    2018-01-01

    We explore with impact pathway methodology the economic benefits of reducing nitrogen leaching to transitional surface waters, as expected for a proportionality test under the EU’s Water Framework Directive article 4. Ten different catchments is analyzed for a policy scenario where downstream dis...

  6. The Recession's Ongoing Impact on America's Children: Indicators of Children's Economic Well-Being through 2011

    Science.gov (United States)

    Isaacs, Julia B.

    2011-01-01

    Children throughout the United States continue to be negatively impacted by the lingering effects of the Great Recession, with children in some states more hard hit than others. The impact of the recession on children can be hard to see. Some economic statistics ignore children, while others come out with a long time delay. This updated issue…

  7. French Economics of Convention and Economic Sociology

    DEFF Research Database (Denmark)

    Jagd, Søren

    foundation of markets and of money may be an occasion for economic sociology to focus even more on elaborating on the institutional void created by traditional economic theory. A second point is that economic sociology could benefit from the perspective of a plurality of forms of coordination involved......The French Economics of convention tradition has developed to be an influential research tradition situated in the area between economics and sociology. The aim of the paper is to explore some of the themes that may be common to economics of conventions and economic sociology by looking more...... closely into three recent texts from the economics of convention tradition discussing, in slightly different ways, differences and similarities between economics of convention and economic sociology. It is argued that André Orléan’s point that a common aim could be to ‘denaturalise’ the institutional...

  8. Economics of Convention and New Economic Sociology

    DEFF Research Database (Denmark)

    Jagd, Søren

    2007-01-01

    The aim of the article is to explore potential common themes in economic sociology and economics of conventions. The article explores two issues raised by economics of conventions that may be of particular importance to economic sociology. First, the explicit exploration of the consequences...... of a plurality of forms of justification, as elaborated in économie de la grandeur. This perspective was recently taken up in economic sociology by David Stark's introduction of the notion ‘sociology of worth'. The second issue, recently suggested by André Orléan, is the need to denaturalize economic theory...... and economic action to demonstrate the social constructed nature of economic action. It is argued that these two issues demonstrate that a fruitful dialogue is indeed possible between economic sociology and economics of convention and should be encouraged....

  9. THE INFLUENCE SEWING MACHINE ON FOOTWEAR MOCCASIN ECONOMIC INDICATORS AI ASSEMBLY OPERATIONS

    Directory of Open Access Journals (Sweden)

    MALCOCI Marina

    2014-05-01

    Full Text Available With the evolution of time changes, grows and improves, construction, form, rationality and argumentation usefulness of various types of footwear, namely machines. In the present paper analyzes a number of sewing machines, bound for achieving moccasin shoes. With sewing machines can perform a wide variety of stitches, they create an aesthetically pleasing, but all at once enable product diversification with minimum expenses. Sewing machines moccasins are distinguished by technological parameters, number of stitches, design and affordability. Sewing operation carried out in these machines is carried out within 72 seconds to manual operation - 22 minutes. A flow diagram mechanical requires a reduced number of workers (e.g., 3 workers, to a manual flow diagram - 38 workers. Labour productivity in the use of sewing machines increase by 10 times, and operation cost decreases from 3,7 to 5,7 lei. Regardless of the sewing moccasins construction company helps to increase productivity, quality completion of the operation, ie products, reducing the time required to manufacture the products, shortening manufacturing cycle. Among the cars analyzed, the most recommended sewing machine as OS 7700 P Global company because it represents the best technical features. Sewing machines for manufacturing footwear moccasin were implemented in Moldova in 2010, at the "Cristina Mold Rom Simpex" in Chisinau. Because, company management understood beneficial role of sewing moccasins on quality operation, but also on other economic indicators. Currently the majority of footwear enterprises in Moldova sewing moccasins are done manually. One problem is the high price of sewing machines moccasins.

  10. ANALYSIS OF EPIDEMIOLOGICAL AND HEALTH-ECONOMIC INDICATORS IN CASE OF CHILDREN OCULAR TRAUMA

    Directory of Open Access Journals (Sweden)

    Laurentiu STUPARIU

    2017-12-01

    Full Text Available Analysis of epidemiological and health-economic indicators on ocular trauma involving children is important for developing targeted managerial, medical and educational strategies of health care providers and patients in order to reduce incidence and severity of pediatric ocular trauma. We analysed data collected from 29 children with ocular trauma from Emergency Hospital of Sibiu, between 2008-2016. For this children with closed globe injury it took an average of 7 days of hospitalization (IQR: (5; 9.5, with a cost per day of hospitalization on average of 127 RON (IQR: (103; 136, respectively a total hospitalization cost on average 856 RON (IQR: (529; 998, with no significant gender or area differences. It took a slightly larger number of hospitalization days in the following situations: (1 in the case of mixed trauma compared to lamellar lacerations or contusions; (2 if the affected area was zone III compared to the other two areas (zone I and zone II; (3 where the visual acuity at admission was less than 1/6(0.16 compared to cases with visual acuity greater than 1/6(0.16; (4 in patients with hypertension at admission compared to those with normal tension or hypotension.

  11. The Role and Interdependence of Economic Indicators in Optimal Natural Gas Supply in Macedonia as a transitional Economy

    Directory of Open Access Journals (Sweden)

    Daniela Mladenovska

    2018-02-01

    Full Text Available This paper elaborates the importance of the economic set of indicators relevant for assessing natural gas supply options, as a part of the multi criteria decision making (MCDM method. Such an approach is a useful tool for decision makers. Thus, the paper is not only dealing with economic indicators arising from investment and other types of costs, but it mostly focuses on macroeconomic environment and macroeconomic preconditions strongly related to energy infrastructure. MCDM is firstly utilized to calculate the indicator’s weighting factors, and further, regression analyses are performed in terms of identifying interdependencies among the indicators.

  12. Evaluation of competitive and economic indices in canola and pea intercropping at different rates of nitrogen fertilizer

    Directory of Open Access Journals (Sweden)

    Seyfollah fallah

    2016-05-01

    Full Text Available The experiment was conducted in order to evaluate of competitive and economic indices in canola and pea intercropping at different rates of nitrogen fertilizer at Shahrekord University research farm during 1390 - 1391. Intercropping and sole cropping treatments (100% canola; 66% canola + 33% pea, 50% canola + 50% pea; 33% canola + 66% pea; 100% pea were evaluated as the first factor and nitrogen rates (100% need; 75% need and 50% need as the second factor in a randomized complete block design with three replications. The calculated competitive indices were included land equivalent ratio (LER, relative crowding coefficient (K, aggressively (A, the system production index (SPI, actual yield loss (AYL, competitive ratio (CR and economy indices included monetary advantage index (MAI, and the intercropping advantage (IA. Results showed that all the competitive and economic indices had the highest amount in 50 and 75% of nitrogen requirement. The amounts of AYLt and SPI and economic indices (MAI and IA were positive for all intercropping ratios. Also, LERt and Kt for all intercropping ratio were greater than one, that indicating the superiority of intercropping over sole cropping any of the two plants. The positive values aggressively index and the greater than one values competitive ratio for canola, indicated canola was superior competitor in compared to pea. In conclusion, the evaluation of competitive and economic indices appropriately describes intercropping advantage of canola with pea in reduced nitrogen fertilizer conditions.

  13. State of Canada's forests, 1991: Second report to parliament: Environmental, social and economic indicators. Annual publication

    Energy Technology Data Exchange (ETDEWEB)

    1992-01-01

    Second annual report on the state of Canada's forests, including national and provincial profiles of the forests; environmental, economic and social indicators; public opinions about forestry issues; competition in forest products in world markets; forestry research and development; and performance indicators. A glossary is included.

  14. Constructing and Validating a Multiple-Indicator Construct of Economic Hardship in a National Sample of Adolescents with Disabilities

    Science.gov (United States)

    Murray, Christopher; Doren, Bonnie; Gau, Jeff M.; Zvoch, Keith; Seeley, John R.

    2015-01-01

    The purpose of the current study was to develop a multi-indicator construct of economic hardship among adolescents with disabilities (N = 9,230) participating in the National Longitudinal Transition Study-2, the largest, most comprehensive investigation of adolescents with disabilities ever conducted. Five theoretically relevant indicators (i.e.,…

  15. DETERMINANTS OF ECONOMIC GROWTH

    OpenAIRE

    Bartosz Totleben

    2013-01-01

    The article is examines the impact of macroeconomic indicators, in particular: human capital, government spending, innovation, political and social stability, on economic growth. In total 12 different indicators describing the economical, political and social conditions are taken into account. The study considers 102 countries between years 1960 and 2012 and two methods of estimation are performed: generalized method of moments (GMM) and fixed effects (FE). The results show the positive impac...

  16. Five Years After the Hawai‘i Smoke-free Law: Tourism and Hospitality Economic Indicators Appear Unharmed

    Science.gov (United States)

    Rivard, Cheryl; Lipsher, Julian; Hyland, Andrew

    2013-01-01

    Opponents of Hawai‘i's smoke-free law argued that such a law would lead to a decrease in tourism. The purpose of this study is to determine if there is evidence of an adverse impact of Hawai‘i's smoke-free law on tourism utilizing data obtained from Hawai‘i's Department of Business, Economic Development & Tourism website for tourists from the United States. Descriptive statistics were reported before and after the law and linear regression was used to assess the relationship between the implementation of the law and changes in indicators of tourism while adjusting for underlying economic factors. The most pronounced fluctuations observed with all tourism indicators occurred around the time the US entered the recession (December 2007), with steady increases following the end of the US recession. While controlling for economic and seasonal trends, the presence of the smoke-free law was associated with an increase in arrivals (β= 42847.9; 95% CI: 16303.3, 69392.5), accommodation employees (β= 969.0; 95% CI: 351.1, 1586.8) and food services & beverage places employees (β=3390.8; 95% CI: 2326.9, 4454.7). Fluctuations in tourism indicators are likely to be associated with greater economic forces, such as decreasing GDP and consumer confidence in the United States and greater global economic trends, rather than the smoke-free law. PMID:24167770

  17. Five years after the Hawai'i smoke-free law: tourism and hospitality economic indicators appear unharmed.

    Science.gov (United States)

    Dobson Amato, Katharine A; Rivard, Cheryl; Lipsher, Julian; Hyland, Andrew

    2013-10-01

    Opponents of Hawai'i's smoke-free law argued that such a law would lead to a decrease in tourism. The purpose of this study is to determine if there is evidence of an adverse impact of Hawai'i's smoke-free law on tourism utilizing data obtained from Hawai'i's Department of Business, Economic Development & Tourism website for tourists from the United States. Descriptive statistics were reported before and after the law and linear regression was used to assess the relationship between the implementation of the law and changes in indicators of tourism while adjusting for underlying economic factors. The most pronounced fluctuations observed with all tourism indicators occurred around the time the US entered the recession (December 2007), with steady increases following the end of the US recession. While controlling for economic and seasonal trends, the presence of the smoke-free law was associated with an increase in arrivals (β= 42847.9; 95% CI: 16303.3, 69392.5), accommodation employees (β= 969.0; 95% CI: 351.1, 1586.8) and food services & beverage places employees (β=3390.8; 95% CI: 2326.9, 4454.7). Fluctuations in tourism indicators are likely to be associated with greater economic forces, such as decreasing GDP and consumer confidence in the United States and greater global economic trends, rather than the smoke-free law.

  18. The Impact of Pre-Cessation Varenicline on Behavioral Economic Indices of Smoking Reinforcement

    Science.gov (United States)

    Schlienz, Nicolas J.; Hawk, Larry W.; Tiffany, Stephen T.; O'Connor, Richard J.; Mahoney, Martin C.

    2014-01-01

    Background Varenicline was developed to aid smoking cessation by reducing smoking reinforcement. The present study tests this reinforcement-reduction hypothesis among smokers preparing to quit. Method After a one-week baseline, treatment-seeking smokers were randomized to receive three weeks of varenicline or placebo (Weeks 2-4). During each of the four weeks of the study, smokers completed a hypothetical cigarette purchase task (CPT) via handheld device in their natural environment. Behavioral economic measures of simulated smoking if cigarettes were free (demand intensity), sensitivity of consumption to increasing price (elasticity), and price at which purchases would drop to 0 (breakpoint) were estimated. Results Exponential demand equations fit the purchase task data well across subjects and time. As predicted, demand intensity decreased and sensitivity to price (elasticity) increased over time. However, changes in demand intensity did not differ by treatment group. Contrary to our hypothesis that varenicline would increase sensitivity to price, the placebo group tended to become more elastic in their purchases during Weeks 2 and 3; the groups did not differ in elasticity at Week 4. Breakpoint did not vary by group, time, or their interaction. Conclusion Simulated smoking demand can be validly assessed in the natural environment of treatment-seeking smokers. Simulated demand indices of smoking reinforcement diminished as smokers approached their target quit date. However, there was no evidence that varenicline facilitated these changes over a three week period, leaving open the mechanisms by which varenicline reduces smoking rate prior to cessation and improves long-term abstinence. PMID:24949949

  19. An economic cost analysis of emergency department key performance indicators in Ireland.

    Science.gov (United States)

    Gannon, Brenda; Jones, Cheryl; McCabe, Aileen; O'Sullivan, Ronan; Wakai, Abel

    2017-06-01

    High quality data is fundamental to using key performance indicators (KPIs) for performance monitoring. However, the resources required to collect high quality data are often significant and should usually be targeted at high priority areas. As part of a study of 11 emergency department (ED) KPIs in Ireland, the primary objective of this study was to estimate the relative cost of collecting the additional minimum data set (MDS) elements for those 11 KPIs. An economic cost analysis focused on 12 EDs in the Republic of Ireland. The resource use data were obtained using two separate focus group interviews. The number of available MDS elements was obtained from a sample of 100 patient records per KPI per participating ED. Unit costs for all resource use were taken at the midpoint of the relevant staff salary scales. An ED would need to spend an estimated additional &OV0556;3561 per month on average to capture all the MDS elements relevant to the 11 KPIs investigated. The additional cost ranges from 14.8 to 39.2%; this range is 13.9-32.3% for small EDs, whereas the range for medium EDs is 11.7-40%. Regional EDs have a higher additional estimated cost to capture all the relevant MDS elements (&OV0556;3907), compared with urban EDs (&OV0556;3353). The additional cost of data collection, contingent on that already collected, required to capture all the relevant MDS elements for the KPIs examined, ranges from 14.8 to 39.2% per KPI, with variation identified between regional and urban hospitals.

  20. Economic Sociology and Economics of Convention

    DEFF Research Database (Denmark)

    Jagd, Søren

    This paper is part of a larger exploration of the French Economics of Convention tradition. The aim of the paper is to explore potential themes of common interest to economic sociology and Economics of Conventions. The paper is in two parts. First, I summarise the main theoretical features of EC...... the institutional framework of social action. Second, I explore two issues raised by economics of conventions that may be particularly important to consider for economic sociology. The first issue is the explicit exploration of the consequences of a plurality of forms of justification suggested by Luc Boltanski...... and Laurent Thévenot in ‘économie de la grandeur’. This perspective has already been taken up in economic sociology in David Stark’s notion of a ‘Sociology of Worth’. The second issue, recently suggested by André Orléan, is the need to denaturalise economic theory and economic action to demonstrate the social...

  1. The economic metabolism

    NARCIS (Netherlands)

    Heijman, W.J.M.

    1998-01-01

    Students in Technical and Agricultural faculties spend only a limited amount of time on general economics, environmental economics and resource economics. However, while their knowledge of economics may be limited, they often have adequate mathematical skills. The objective of The Economic

  2. Ethiopian Journal of Economics

    African Journals Online (AJOL)

    The Ethiopian Economic Journal of Economics is a publication of the Ethiopian Economic Association. It is a bi annual publication devoted to the advancement of economics as a scientific discipline in Ethiopia. However, contributions of articles by non-Ethiopian and on economic experience of other countries are ...

  3. Game Theory: The Nash Equilibrium Point Identification In Bi-Matrix Games Of Economic And Social Indicators

    Directory of Open Access Journals (Sweden)

    Fernanda Kreuzberg

    2015-12-01

    Full Text Available Currently companies have to think about its management system to meet not only their economic interests but also their social interests aiming at the activities’ sustainability and longevity. In this research, the goal is to identify the Nash equilibrium point in the bi-matrix game of economic and social indicators of the companies of Public Utilities sector listed on the BM & FBovespa. The research was conducted with a sample of 26 companies. To evaluate the economic performance it was used the profitability and market indicators; for evaluating the social performance, it was used the indicators derived from the VAD (Value Added Statement. In the estimation of earnings among indicators, it was used the standard parameters of the multiple linear regression. The obtained results highlighted the existence of at least one point of equilibrium for the years analyzed and, especially in the models, two points of equilibrium were proposed for 2009 and 2011 and three for 2010. It is noteworthy that, in the proposed model it was confirmed the hypothesis of the existence of at least one point of equilibrium. Thus, it was possible to meet the research objective, namely, that it is possible to meet both economic aspects and the social aspects of the companies when the indicators are taken as basic information.

  4. Economic Growth, Economic Freedom, and Governance

    OpenAIRE

    Cebula, Richard; Ekstrom, Marcus

    2008-01-01

    This exploratory study examines the impact of various forms of economic freedom and various dimensions of governance, as well as a number of economic factors, on economic growth among OECD nations. Empirical estimation finds that the natural log of per capita purchasing-power-parity adjusted real GDP in OECD nations is positively impacted by business freedom, monetary freedom, trade freedom, and property rights security. Economic growth is found to be negatively affected by perceived governme...

  5. Applied evolutionary economics and economic geography

    OpenAIRE

    Peter Sunley

    2008-01-01

    Applied Evolutionary Economics and Economic Geography aims to further advance empirical methodologies in evolutionary economics, with a special emphasis on geography and firm location. It does so by bringing together a select group of leading scholars including economists, geographers and sociologists, all of whom share an interest in explaining the uneven distribution of economic activities in space and the historical processes that have produced these patterns.

  6. The impact of environmental policy on economic indicators. Moving from global to sectoral and regional perspectives

    Energy Technology Data Exchange (ETDEWEB)

    Voigt, Sebastian

    2013-07-01

    In recent times, environmental, energy and climate policies have gained tremendously in importance. Not least, this is due to the latest research findings related to climate change and the resulting growing environmental awareness among people. However, policy approaches to combat environmental pollution and climate change differ both in their intention and in their economic impacts. For instance, command-and-control instruments such as performance or technology standards have different implications than market-based mechanisms such as permit trading of greenhouse gas emissions. Furthermore, sectoral and regional characteristics play an important role when implementing and assessing policy measures. This applies both to the attainability of the targets and to the available instruments. The present doctoral thesis addresses this point and analyzes in several essays different policy instruments and their economic effects from global, regional and sectoral perspectives. In this respect, it deals with various, often very heterogeneous question: How are specific policy types implemented in different countries? What is the CO2 abatement potential in specific regions and sectors? What policy measures can be plausibly used to exploit this potential? How can technological developments and technology-directed policy interventions contribute to improve energy efficiency? Does the promotion of certain energy sources necessarily create positive production and employment effects? To answer these and further questions, different economic methods are applied that accommodate the particular problem, where special emphasis is put on computable general equilibrium modeling. The aim of this work is to contribute to the academic and political debate on measures to combat environmental and climate problems.

  7. The impact of environmental policy on economic indicators. Moving from global to sectoral and regional perspectives

    International Nuclear Information System (INIS)

    Voigt, Sebastian

    2013-01-01

    In recent times, environmental, energy and climate policies have gained tremendously in importance. Not least, this is due to the latest research findings related to climate change and the resulting growing environmental awareness among people. However, policy approaches to combat environmental pollution and climate change differ both in their intention and in their economic impacts. For instance, command-and-control instruments such as performance or technology standards have different implications than market-based mechanisms such as permit trading of greenhouse gas emissions. Furthermore, sectoral and regional characteristics play an important role when implementing and assessing policy measures. This applies both to the attainability of the targets and to the available instruments. The present doctoral thesis addresses this point and analyzes in several essays different policy instruments and their economic effects from global, regional and sectoral perspectives. In this respect, it deals with various, often very heterogeneous question: How are specific policy types implemented in different countries? What is the CO2 abatement potential in specific regions and sectors? What policy measures can be plausibly used to exploit this potential? How can technological developments and technology-directed policy interventions contribute to improve energy efficiency? Does the promotion of certain energy sources necessarily create positive production and employment effects? To answer these and further questions, different economic methods are applied that accommodate the particular problem, where special emphasis is put on computable general equilibrium modeling. The aim of this work is to contribute to the academic and political debate on measures to combat environmental and climate problems.

  8. Finance and Economic Development

    OpenAIRE

    Panizza, Ugo

    2012-01-01

    Published by Palgrave Macmillan This chapter reviews the literature on finance and economic development. It starts with a description of the roles of finance, a definition of financial efficiency, and a discussion of whether countries may have financial sectors that are ‘too large’ compared to the size of the domestic economy. Next, the author describes several indicators of financial development and reviews the literature on the relationship between financial development and economic growth....

  9. Measuring health inequality among children in developing countries: does the choice of the indicator of economic status matter?

    NARCIS (Netherlands)

    Houweling, Tanja A. J.; Kunst, Anton E.; Mackenbach, Johan P.

    2003-01-01

    BACKGROUND: Currently, poor-rich inequalities in health in developing countries receive a lot of attention from both researchers and policy makers. Since measuring economic status in developing countries is often problematic, different indicators of wealth are used in different studies. Until now,

  10. GROUPING OF MUNICIPAL DISTRICTS OF THE ASTRAKHAN REGION OF SOCIO-ECONOMIC INDICATORS WITH APPLICATION OF FACTOR ANALYSIS

    Directory of Open Access Journals (Sweden)

    Marina V. Kolomeiko

    2014-01-01

    Full Text Available In the article analyzed and identifi ed the main factors affecting the level of poverty of the population in Astrakhan region made a multi-dimensional classifi cation of municipal districts of the Astrakhan region on socio-economic indicators characterizing the poverty of the population on thebasis of the cluster analysis.

  11. China Report, Economic Affairs

    National Research Council Canada - National Science Library

    1987-01-01

    .... This report from China contains the topics: NATIONAL POLICY AND ISSUES, PROVINCIAL AFFAIRS, ECONOMIC DEVELOPMENT ZONES, ECONOMIC PLANNING, ECONOMIC MANAGEMENT, FINANCE AND BANKING, INDUSTRY, SMALL- SCALE ENTERPRISES, CONSTRUCTION, DOMESTIC...

  12. Economic theories of dictatorship

    OpenAIRE

    Alexandre Debs

    2010-01-01

    This article reviews recent advances in economic theories of dictatorships and their lessons for the political stability and economic performance of dictatorships. It reflects on the general usefulness of economic theories of dictatorship, with an application to foreign relations.

  13. The Economics of Minorities

    Science.gov (United States)

    Coles, Flournoy A., Jr.

    1973-01-01

    This article discusses some of the more important economic problems of minorities in the United States, identifying the economics of minorities with the economics of poverty, discrimination, exploitation, urban life, and alienation. (JM)

  14. Economic indicators of the production of important fruit-specific species in Vojvodina

    Directory of Open Access Journals (Sweden)

    Lukač-Bulatović Mirjana

    2017-01-01

    Full Text Available The paper discusses the basic economic and production results of important fruit species (apple, pear, peach, sour cherry and plum on agricultural farms of Vojvodina. The aim of the research is to evaluate the most important parameters of cost-effectiveness of these productions, and propose measures to improve the existing situation. Comparative analysis clearly shows that the most cost-effective is pears production, followed by apple, cherry, peach and plum. Pear production gives the largest coverage margin per unit capacity (1,261,786 din /ha, which is 16.5% better than in apple production (1,083,160 din /ha, or about 7.8 times better in relation to plums production (161,796 din /ha. The highest coefficient of economy (3.19 is, also, recorded in the production of pear (for apples 2.94, cherry 2.27, peach 2.17 and plum 1.44. Further development of fruit production in Vojvodina involves raising intensive farms with quality fruit varieties, firmer vertical linking of producers and processors, ensurement of economic safety of producers in the long run, making of fruit producing regions, etc.

  15. The Impact of Socio-Economic Indicators on Sustainable Consumption of Domestic Electricity in Lithuania

    Directory of Open Access Journals (Sweden)

    Sergej Vojtovic

    2018-01-01

    Full Text Available Lithuania is one of the EU Member States, where the rate of energy consumption is comparatively low but consumption of electricity has been gradually increasing over the last few years. Despite this trend, households in only three EU Member States consume less electricity than Lithuanian households. The purpose of this research is to analyse the impact of socio-economic factors on the domestic electricity consumption in Lithuania, i.e., to establish whether electricity consumption is determined by socio-economic conditions or population’s awareness to save energy. Cointegration analysis, causality test and error-correction model were used for the analysis. The results reveal that there is a long run equilibrium relationship between residential electricity consumption per capita and GDP at current prices as well as the ratio of the registered unemployed to the working-age population. In consequence, the results of the research propose that improvement of living standards for Lithuanian community calls for the necessity to pay particular attention to the promotion of sustainable electricity consumption by providing consumers with appropriate information and feedback in order to seek new energy-related consumption practices.

  16. Productivity in physical and chemical science predicts the future economic growth of developing countries better than other popular indices.

    Science.gov (United States)

    Jaffe, Klaus; Caicedo, Mario; Manzanares, Marcos; Gil, Mario; Rios, Alfredo; Florez, Astrid; Montoreano, Claudia; Davila, Vicente

    2013-01-01

    Scientific productivity of middle income countries correlates stronger with present and future wealth than indices reflecting its financial, social, economic or technological sophistication. We identify the contribution of the relative productivity of different scientific disciplines in predicting the future economic growth of a nation. Results show that rich and poor countries differ in the relative proportion of their scientific output in the different disciplines: countries with higher relative productivity in basic sciences such as physics and chemistry had the highest economic growth in the following five years compared to countries with a higher relative productivity in applied sciences such as medicine and pharmacy. Results suggest that the economies of middle income countries that focus their academic efforts in selected areas of applied knowledge grow slower than countries which invest in general basic sciences.

  17. Productivity in physical and chemical science predicts the future economic growth of developing countries better than other popular indices.

    Directory of Open Access Journals (Sweden)

    Klaus Jaffe

    Full Text Available Scientific productivity of middle income countries correlates stronger with present and future wealth than indices reflecting its financial, social, economic or technological sophistication. We identify the contribution of the relative productivity of different scientific disciplines in predicting the future economic growth of a nation. Results show that rich and poor countries differ in the relative proportion of their scientific output in the different disciplines: countries with higher relative productivity in basic sciences such as physics and chemistry had the highest economic growth in the following five years compared to countries with a higher relative productivity in applied sciences such as medicine and pharmacy. Results suggest that the economies of middle income countries that focus their academic efforts in selected areas of applied knowledge grow slower than countries which invest in general basic sciences.

  18. Market economic systems

    OpenAIRE

    Pryor, Frederic L.

    2004-01-01

    The new comparative economics has focused on individual institutions, rather than the economic system as a whole. This essay argues that economic systems should be defined in terms of clusters of complementary or covarying institutions. A cluster analysis of OECD countries using data on forty different economic institutions shows that four economic systems characterize these nations. Further, these systems have no significant impact on economic growth or inflation, but they do have an importa...

  19. Exploitation by Economic Necessity

    Directory of Open Access Journals (Sweden)

    Kristian F. Braekkan

    2015-10-01

    Full Text Available This study develops and tests a model that proposes economic necessity moderates the relationship between psychological contract violations (PCVs and organizational commitment and trust in the employing organization among non-unionized manufacturing workers (N = 226. Moderated regression analyses revealed that there was a significant interaction between PCV and economic necessity in predicting both outcomes. Specifically, the findings indicated that individuals experiencing high PCV and high economic necessity did not decrease their organizational commitment like their counterparts who endorsed lower economic necessity. They did, however, experience significantly decreased trust in their employer. The findings suggest that individuals who are forced to sell their labor power and obtain what they need through the market are more likely to continue to be exploited by their employer, as they have no other options than to continue the relationship. The importance of the findings is discussed, and recommendations for future research are provided.

  20. China Report, Economic Affairs

    National Research Council Canada - National Science Library

    1987-01-01

    .... This report contains articles from China dealing with Economic Affairs. The Topics include National Affairs and Policy, Foreign Trade and Investment, Economic Zones, Finance and Banking, and Agriculture.

  1. Nuclear power economic database

    International Nuclear Information System (INIS)

    Ding Xiaoming; Li Lin; Zhao Shiping

    1996-01-01

    Nuclear power economic database (NPEDB), based on ORACLE V6.0, consists of three parts, i.e., economic data base of nuclear power station, economic data base of nuclear fuel cycle and economic database of nuclear power planning and nuclear environment. Economic database of nuclear power station includes data of general economics, technique, capital cost and benefit, etc. Economic database of nuclear fuel cycle includes data of technique and nuclear fuel price. Economic database of nuclear power planning and nuclear environment includes data of energy history, forecast, energy balance, electric power and energy facilities

  2. On the relationship between economic freedom and economic growth

    NARCIS (Netherlands)

    Haan, Jakob de; Sturm, Jan-Egbert

    1999-01-01

    Often it is maintained that economic freedom may further high levels of economic growth. This paper compares various indicators for economic freedom. It is concluded that although these measures differ somewhat in their coverage, they show similar rankings for the countries covered. Some elements in

  3. National-Level Wetland Policy Specificity and Goals Vary According to Political and Economic Indicators

    Science.gov (United States)

    Peimer, Alex W.; Krzywicka, Adrianna E.; Cohen, Dora B.; Van den Bosch, Kyle; Buxton, Valerie L.; Stevenson, Natalie A.; Matthews, Jeffrey W.

    2017-01-01

    Growing recognition of the importance of wetlands to human and ecosystem well-being has led countries worldwide to implement wetland protection policies. Different countries have taken different approaches to wetland protection by implementing various policies, including territorial exclusion, market-based offsetting, and incentive programs for land users. Our objective was to describe the relationship between components of national-level wetland protection policies and national characteristics, including natural resource, economic, social, and political factors. We compiled data on the wetland policies of all 193 countries recognized by the U.N. and described the relationships among wetland policy goals and wetland protection mechanisms using non-metric multidimensional scaling. The first non-metric multidimensional scaling axis strongly correlated with whether a country had a wetland-specific environmental policy in place. Adoption of a comprehensive, wetland-specific policy was positively associated with degree of democracy and a commitment to establishing protected areas. The second non-metric multidimensional scaling axis defined a continuum of policy goals and mechanisms by which wetlands are protected, with goals to protect wetland ecosystem services on one end of the spectrum and goals to protect biodiversity on the other. Goals for protecting ecosystem services were frequently cited in policy documents of countries with agriculture-based economies, whereas goals associated with wetland biodiversity tended to be associated with tourism-based economies. We argue that the components of a country's wetland policies reflect national-level resource and economic characteristics. Understanding the relationship between the type of wetland policy countries adopt and national-level characteristics is critical for international efforts to protect wetlands.

  4. The impact of green logistic based on financial economic, social and environment activities on sustainable monetary expansion indicators of Oman

    Directory of Open Access Journals (Sweden)

    Faris Alshubiri

    2017-05-01

    Full Text Available Purpose: The purpose of this study is to examine green logistic activities by three axes (financial economic, social and environment activities and how these activities affect on sustainable monetary expansion indicators as an evidence of Sultanate of Oman. Design/methodology/approach: This study began by definition elements of logistic green and how evolution of this concept in recent years. This concept analyzed after survey of previous studies on green logistic. The independent variables of green logistic  are includes of three components of financial economic , social and environment and applies these components to clarify the impact on expansionary monetary policy indicators ( broad , narrow and reserve money as a important signals  in determining a country's economy. This study used data published in statistical annual report of central bank of Oman as representative of country economic of sultanate of Oman from the period 2008 to 2015.  Findings: The results found two variables of government support to electricity sector (GSE and subsidy on soft loans to private sector and housing (SSLPH based on environment activities are statistical significant 1% and 5%. Only one variable of transport and communication (TC in financial economic activates is statistical significant at 1% and 5% , but all variables community, social and personal (CSP , cultural and religious affairs (CRA and social security and welfare (SSW in social activities are statistical significant at 1% 5% and 10% , finally , also the multiple regression test run of all variables of green logistics activities and each monetary expansion indicators and found there are a statistical significant at 1% and 5%, .The study recommends that should be attention with financial economic activities as a quantitative standard contributes to build the green logistic by diagnosed the priorities and existing economic and financial system that contributes of  sustainable development system in

  5. Engaging Undergraduates in Economics

    Science.gov (United States)

    Gajwani, Kiran; Miron, Jeffrey

    2015-01-01

    Siegfried and Stock (2007) explore the undergraduate training of PhD economists. Their findings show that among U.S. undergraduate economics programs, the Harvard University Economics Department produces many eventual economics PhD recipients. In this article, the authors discuss Harvard's undergraduate economics program and highlight some key…

  6. Economic and Policy Review

    African Journals Online (AJOL)

    The NESG Economic and Policy Review (EPR) is a quarterly publication of the Nigerian Economic Summit Group (NESG), established to serve as an avenue for constructive analysis of economic policies and their impacts on different aspects of the business and economic environment. The EPR aims to provide unbiased, ...

  7. Economic Design of Things

    NARCIS (Netherlands)

    Can, Burak

    2017-01-01

    Economics is a social science, so is economic design as a field. This short article discusses, in particular, the future of economic design, and of economic theory in general. By suggesting some examples, I hope to convince the readers that the recent technological advances in science and technology

  8. The Integration of Socio-Economic Indicators in the CASBEE-UD Evaluation System: A Case Study

    Directory of Open Access Journals (Sweden)

    Francesco Cappai

    2018-03-01

    Full Text Available The use of tools to measure the degree of sustainability of cities is the approach that receives the most attention in developed countries. However, studies of evaluation tools at the neighborhood level reveal that there are many weaknesses in the most widely-used evaluation systems (LEED-ND, BREEAM Communities, CASBEE-UD. There are ambiguities and gaps in weighting and in scoring and in most cases, there is no mechanism for local adaptability and participation. The purpose of this study is to provide an overview of the current situation by highlighting the strengths and weaknesses of these evaluation tools in order to integrate social and economic aspects for the improvement of the CASBEE-UD (neighborhood level evaluation tool. The selection of socio-economic aspects was made through the use of a multi criteria Analysis Hierarchical Process (AHP and a Geographic Integration System (GIS. The results of this case study indicate that most evaluation tools need to be revised because most do not include socio-economic aspects. We have demonstrated that applying the CASBEE-UD assessment tool integrated with socio-economic aspects to four boroughs in the City of Montreal can measure success by addressing the objectives of sustainable development.

  9. Finding the economics in economic entomology.

    Science.gov (United States)

    Onstad, David W; Knolhoff, Lisa M

    2009-02-01

    To recommend new pest management tactics and strategies to farmers and policy makers, economic entomologists must evaluate the economics of biologically reasonable approaches. We collected data to determine how frequently these economic evaluations occur. We discovered from our survey of entomological journals representing the discipline of economic entomology that papers published since 1972 include economic evaluations of pest management tactics. At least 85% of these analyses were performed by entomologists and not economists. Much of the research on economic evaluations is performed without special funds granted by agencies separate from the authors' institutions. In the United States, USDA competitive grants supported 20% of the economic evaluations published since 2000. However, only approximately 12% of the projects funded since 2000 by three sections of the USDA (Crops at Risk, Risk Avoidance and Mitigation Program, and Pest Management Alternatives Program) resulted in publications concerning economic evaluations. If the purpose of economic entomology is to ultimately determine the value of different kinds of tactics, the discipline may need to take steps to enhance the research that supports these evaluations.

  10. Indicators of Educational Development in Latin America and its Impact on the Economic Levels of the Population

    Directory of Open Access Journals (Sweden)

    Carlos Muñoz Izquierdo

    2000-11-01

    Full Text Available Based on the information published by the Economic Commission for Latin America (CEPAL, the authors have followed the growth of the region’s educational systems, mainly during the last decades of the 20th century. The patterns of distribution of educational opportunities among the various economic levels and sexes have also been examined. On the other hand, they have analyzed some impact indicators related to the expansion of educational opportunities within the working fields where graduates of those school systems are, and indicators of the probability of those individuals earning higher wages than those considered as the minimum in many countries to outdo poverty. Finally, some obstacles which have hindered the equal distribution of education have been identified, and some political features necessary to overcome them have been sketched.

  11. ECONOMICS OF HAPPINESS: A STUDY ON HAPPINESS INDICATORS IN UNIVERSITY PROFESSORS

    Directory of Open Access Journals (Sweden)

    Gustavo Piva GUAZZELLI

    2016-02-01

    Full Text Available The pursuit of happiness is a desire that everyone has in life. The behavioral economics can help to identify constraints to achieve the true happiness. This study made an attempt to identify some possible determinants to explain the happiness of university professors in higher education institutions in the city of Passo Fundo/RS. Data were collected through questionnaires and analyzed using multiple regression models in seven different groups, classified into happiness by sex; happiness by marital status; happiness by age; happiness and money; happiness, sports and health; happiness, friendship, love relationships and sex life; and happiness, creativity and organization. The results show that money is not one of the major constraints to achieve happiness in this analysis group, that love relationships significantly increase the happiness of this study group, once sexual relationships don’t represent happiness increasing. It was also found that emotional / mental health of the participants has significance to turn them happier as creative tasks and planning actions to the future to reach the dreams and goals demonstrate to increase the happiness of this sample of university teachers.

  12. Earthquakes and economic growth

    OpenAIRE

    Fisker, Peter Simonsen

    2012-01-01

    This study explores the economic consequences of earthquakes. In particular, it is investigated how exposure to earthquakes affects economic growth both across and within countries. The key result of the empirical analysis is that while there are no observable effects at the country level, earthquake exposure significantly decreases 5-year economic growth at the local level. Areas at lower stages of economic development suffer harder in terms of economic growth than richer areas. In addition,...

  13. Evaluating the impact of the carbon dioxide capturing process on the indices of economic efficiency in thermal power plants

    International Nuclear Information System (INIS)

    Marukhyan, V.Z.; Elbakyan, S.H.

    2017-01-01

    Taking into account the input of carbon dioxide as a greenhouse gas in the global warming process, the technological solutions of its capturing, and the implementation possibilities in environmentally safe thermal power plants are considered. In power plants equipped with effective systems for cleaning the fuel gas and the coal gasification, the influence of the CO 2 reduction and realization of quotes on the indices of economic efficiency is estimated

  14. New Indicators of the Level of Social Dissatisfaction in the Planning of Social-Economic Development of the Region

    Directory of Open Access Journals (Sweden)

    Michel Yurevich Dolomatov

    2017-03-01

    Full Text Available The article is devoted to the urgent problem related to the development of the region, namely, the creation of tools for the assessment of the level of social dissatisfaction in the region. The assessment of the level of social dissatisfaction is one of the most important tasks of state organizations in political and social spheres. The article considers the concept of "social dissatisfaction" and associated terms, it substantiates the author's position on the content of this notion. The authors have investigated the existing national and international approaches to the assessing of social tensions of the population. The system of socio-economic development indicators doesn’t contain indicators allowing to assess the level of social dissatisfaction without the results of public polls. We propose two models in the article. In the first model, the assessment is basedon the single factor (the index of social dissatisfaction based on income differentiation. The second complex model takes into account a number of factors (the index of social dissatisfaction based on complex assessment. For the calculation of the proposed indicators, the authors use the statistical data of the Federal State Statistics Service. The methodological research tools include the mathematical methods of statistical data processing. We have evaluated the methodological tools on the example of the Republic of Ingushetia. The assessment has showed the dynamics of a decline in the level of social-economic dissatisfaction in the region (1995–2011. The models of social dissatisfaction constitute a tool for rapid and up-to-date assessment of socio-economic system sustainability, and of the willingness of the population to participate in protests. The application of the results of this study is the support of decision-making regions and state structures in working out plans of the socio-economic development of the regions.

  15. Economic Equilibrium and Soviet Economic Reform

    OpenAIRE

    Herbert E. Scarf

    1991-01-01

    The paper, prepared for a Roundtable on Major Economic Problems in the U.S. and the U.S.S.R., discusses some aspects of price theory ñ in particular, the theory of general equilibrium -ñ which may offer some theoretical insights about the economic problems to be encountered during the transition from Socialism to private markets in the Soviet Union.

  16. Ranking economic history journals

    DEFF Research Database (Denmark)

    Di Vaio, Gianfranco; Weisdorf, Jacob Louis

    2010-01-01

    This study ranks-for the first time-12 international academic journals that have economic history as their main topic. The ranking is based on data collected for the year 2007. Journals are ranked using standard citation analysis where we adjust for age, size and self-citation of journals. We also...... compare the leading economic history journals with the leading journals in economics in order to measure the influence on economics of economic history, and vice versa. With a few exceptions, our results confirm the general idea about what economic history journals are the most influential for economic...... history, and that, although economic history is quite independent from economics as a whole, knowledge exchange between the two fields is indeed going on....

  17. Ranking Economic History Journals

    DEFF Research Database (Denmark)

    Di Vaio, Gianfranco; Weisdorf, Jacob Louis

    This study ranks - for the first time - 12 international academic journals that have economic history as their main topic. The ranking is based on data collected for the year 2007. Journals are ranked using standard citation analysis where we adjust for age, size and self-citation of journals. We...... also compare the leading economic history journals with the leading journals in economics in order to measure the influence on economics of economic history, and vice versa. With a few exceptions, our results confirm the general idea about what economic history journals are the most influential...... for economic history, and that, although economic history is quite independent from economics as a whole, knowledge exchange between the two fields is indeed going on....

  18. Economic evaluation manual

    Energy Technology Data Exchange (ETDEWEB)

    1975-09-01

    An economic analysis on oil or gas property is generally accompanied by a reservoir analysis which predicts the reserves and the performance of the reservoir, recommends the optimum economic method with which to recover the reserves, and through a performance prediction indicates a time schedule for future investments and income. The requirements for a reservoir evaluation are as follows: (1) good reservoir data; (2) oil in place; (3) reservoir energy, both primary and secondary; and (4) reserve calculation and performance predictions for giving both production schedule and selection of secondary recovery mechanisms. Given the above reservoir evaluation parameters, the following are requirements for a complete economic analysis: (1) lease exploration and purchase costs; (2) capital investments schedule dependent upon a reservoir performance prediction; and (3) factors affecting net income such as anticipated selling price of oil and gas and the availability of a market, operating costs and working interest, royalty schedule, depreciation methods, depletion methods and tax schedule. (71 refs.)

  19. INFLUENCE OF ORGANIZATIONAL AND TECHNOLOGICAL SOLUTIONS TO TECHNICAL AND ECONOMICAL INDICATORS IN PROJECT OF HEAT INSULATION FACADES

    Directory of Open Access Journals (Sweden)

    BABIJ I. N. Cand. Sc. (Tech., Associate Professor,

    2016-09-01

    Full Text Available Summary. Raising of problem. The article dedicated to the solution important problems of choosing rational technical and economic indicators of the duration and cost the process heat insulation facades of buildings by means of experimental and statistical modeling organizational and technological solutions. For this we used the results of numerical experiment, theory a shorthand experiment planning and contemporary computer programs. Purpose. We used experimentally-statistical modeling to establish the impact of organizational and technological solutions for heat insulation of facades by hinged ventilated systems on technical and economic parameters of the project, such as duration and cost. Conclusion. We investigated depending duration assembly jobs and manufacturing cost on the value and combination of variable factors experimental and statistical modeling of construction processes and results patterns of change in studied parameters.

  20. A Secular Indicator Of the Degree Of Economic Development and Synthetic Evaluation Of Population Well-Being Trends

    Directory of Open Access Journals (Sweden)

    Gheorghe Săvoiu

    2015-12-01

    Full Text Available he specifically multidisciplinary approach employed in the present paper is motivated by the validity of Engel’s sociological laws, the usefulness of the elasticity of the population’s food products demand according to income, the statistical association between the contraction of the share of expenditures for these goods and the expansion of economy development, and the consistent assessment of the trends in population well-being, in keeping with the research of family budgets, focusing on the case of Romania in the last century. The introduction is devoted to the statistical, economic and sociological tools for assessing economic development and the trends in well-being. The first section describes the weighting coefficients in the universe of interpret indexes, and the second presents the methodology relating to a secular instrument of assessing the degree of economic development and the synthetic evaluation of the trends of well-being in Romania, in parallel to a number of maximum and minimum (European and international trends. The results presented, and the discussion caused by the statistical confrontation of that statistical, economic and sociological information, embrace, with the conclusions, the attempt made by the whole of the paper, to round up, by means of this tool, a necessary set of secular or Schumpeterian indicators, harmonized and comparable, of the GDP/capita type, or such as cost of life index, consumer price index, public and external debt, etc.; such already constructed indicators contribute to delineating the historical and macro-behavioural specificity of such an economy in Eastern Europe as that of Romania.

  1. Economics of fusion research

    International Nuclear Information System (INIS)

    1977-01-01

    This report provides the results of a study of methods of economic analysis applied to the evaluation of fusion research. The study recognizes that a hierarchy of economic analyses of research programs exists: standard benefit-cost analysis, expected value of R and D information, and expected utility analysis. It is shown that standard benefit-cost analysis, as commonly applied to research programs, is inadequate for the evaluation of a high technology research effort such as fusion research. A methodology for performing an expected value analysis is developed and demonstrated and an overview of an approach to perform an expected utility analysis of fusion research is presented. In addition, a potential benefit of fusion research, not previously identified, is discussed and rough estimates of its magnitude are presented. This benefit deals with the effect of a fusion research program on optimal fossil fuel consumption patterns. The results of this study indicate that it is both appropriate and possible to perform an expected value analysis of fusion research in order to assess the economics of a fusion research program. The results indicate further that the major area of benefits of fusion research is likely due to the impact of a fusion research program on optimal fossil fuel consumption patterns and it is recommended that this benefit be included in future assessments of fusion research economics

  2. Economics of fusion research

    Energy Technology Data Exchange (ETDEWEB)

    None, None

    1977-10-15

    This report provides the results of a study of methods of economic analysis applied to the evaluation of fusion research. The study recognizes that a hierarchy of economic analyses of research programs exists: standard benefit-cost analysis, expected value of R and D information, and expected utility analysis. It is shown that standard benefit-cost analysis, as commonly applied to research programs, is inadequate for the evaluation of a high technology research effort such as fusion research. A methodology for performing an expected value analysis is developed and demonstrated and an overview of an approach to perform an expected utility analysis of fusion research is presented. In addition, a potential benefit of fusion research, not previously identified, is discussed and rough estimates of its magnitude are presented. This benefit deals with the effect of a fusion research program on optimal fossil fuel consumption patterns. The results of this study indicate that it is both appropriate and possible to perform an expected value analysis of fusion research in order to assess the economics of a fusion research program. The results indicate further that the major area of benefits of fusion research is likely due to the impact of a fusion research program on optimal fossil fuel consumption patterns and it is recommended that this benefit be included in future assessments of fusion research economics.

  3. Perspectives of economics – behavioural economics

    Directory of Open Access Journals (Sweden)

    Paula-Elena DIACON

    2013-07-01

    Full Text Available The present turning point, accentuated by the crisis, has revitalized the interdisciplinary study of economics and determined the reconsideration of its fundamental bases as a social science. The economists have abandoned the traditional neoclassical sphere and have directed towards understanding the behaviour resorting to psychology and developing in this manner a new field - behavioural economics. This article examines whether this economic sub-discipline is a viable research direction and the extent to which it may increase the explanatory power of science by providing a realistic database for analysis, taking into account the complexity of the human factor.

  4. Botswana Journal of Economics

    African Journals Online (AJOL)

    The Botswana Journal of Economics is a professional journal established for the dissemination of contemporary economic issues–theoretical, methodological, and ... of both the immediate environment and the wider international community.

  5. Globalization and economic cooperation

    Directory of Open Access Journals (Sweden)

    Javier Divar

    2006-12-01

    Full Text Available Economic globalization is nothing, really, that the universality of capitalism. Not globalized culture, and economic participation, and human rights, ... has only globalized market. We must react by substituting those materialistic values with cooperative economy.

  6. STRUCTURE OF ECONOMIC MECHANISM

    Directory of Open Access Journals (Sweden)

    L. I. Podderegina

    2006-01-01

    Full Text Available The paper considers and analyzes scientific approaches of economists to the essence and contents of the economic mechanism. Proposals for methodological formation of economic mechanism structure are substantiated in the paper.

  7. Teaching About Economics.

    Science.gov (United States)

    Paine, Carolyn; Arnold, Anne Jurmu

    1983-01-01

    A teaching unit on economics discusses basic background information, suggests classroom activities, and lists sources of instructional resources. Reproducible masters for two instructional levels are included and introduce economics law and basic financial management. (FG)

  8. Economic Creativity Development

    Directory of Open Access Journals (Sweden)

    Nasseroddin Kazemi Haghighi

    2014-06-01

    Full Text Available As a new concept in the literature, the authors discuss the conception of “Economic Creativ-ity” (EC. The authors explain psychological characteristics of “Economic Creativity”: atti-tudes, motivation, personality traits, and abili-ties. They propose a design based on Emotion of Thought Theory (Kazemi, 2007 for Economic Creativity Development (ECD. This theory is an affective-cognitive approach that tries to ex-plain creativity. Emotion of Thought involves “Poyaei” and “Bitabi” (in Persian meaning Dy-namism and Restlessness. According to this theory, ECD relates to connections between emotion and thought. The ECD includes pro-moting individual readiness, utilization of eco-nomic resources, attitude towards economic af-fairs development, enhancing the utilization of economic experiences, conducting economic ac-tivity education, development of economic thinking and development of emotion of thought.

  9. Advances in mathematical economics

    CERN Document Server

    Maruyama, Toru

    2015-01-01

    The series is designed to bring together those mathematicians who are seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking effective mathematical tools for their research. A lot of economic problems can be formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories.

  10. Advances in mathematical economics

    CERN Document Server

    Maruyama, Toru

    2014-01-01

    A lot of economic problems can be formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories. The series is designed to bring together those mathematicians who are seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking effective mathematical tools for their research.

  11. Advances in mathematical economics

    CERN Document Server

    Yamazaki, Akira

    2006-01-01

    A lot of economic problems can formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories. The series is designed to bring together those mathematicians who were seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking for effective mathematical tools for their researchers.

  12. Antithetic Foundations of Economics

    OpenAIRE

    Marin DINU

    2011-01-01

    This paper aims at decrypting the manner in which the foundations of Economics as a science and the meanings of the relevant explanatory formulas are being shaped. My analytical endeavor focuses on understanding the peculiarities of what is referred to as the object of study of the science known as Economics, an academic synthesis of concept-related breakthroughs regarding economicity. The explicit purpose of this analysis is to identify perennial benchmarks in economic c...

  13. Advances in mathematical economics

    CERN Document Server

    Yamazaki, Akira

    2006-01-01

    A lot of economic problems can formulated as constrained optimizations and equilibration of their solutions.Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories. The series is designed to bring together those mathematicians who were seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking for effective mathematical tools for their researchers.

  14. The Economics of Networking

    DEFF Research Database (Denmark)

    Sørensen, Olav Jull

    The literature on business networks is often oversocialized. The economic side of business is implicitly assumed. This paper analyses the economics of network behavior by loking at each of the key concepts in the Network Theory.......The literature on business networks is often oversocialized. The economic side of business is implicitly assumed. This paper analyses the economics of network behavior by loking at each of the key concepts in the Network Theory....

  15. Advances in mathematical economics

    CERN Document Server

    Maruyama, Toru

    2017-01-01

    The series is designed to bring together those mathematicians who are seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking effective mathematical tools for their research. A lot of economic problems can be formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories.

  16. Advances in mathematical economics

    CERN Document Server

    Maruyama, Toru

    2016-01-01

    The series is designed to bring together those mathematicians who are seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking effective mathematical tools for their research. A lot of economic problems can be formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories.

  17. Essays on economic cycles

    NARCIS (Netherlands)

    Groot, de E.A. (Bert)

    2006-01-01

    Schumpeter’s line of thought of multiple economic cycles is further investigated. The existence of multiple cycles in economic variables is demonstrated. In basic innovations five different cycles are found. Multiple cycle structures are shown in various macro-economic variables from the United

  18. Space and economics

    NARCIS (Netherlands)

    Klijs, Jeroen; Heijman, Wim J.M.; Peerlings, Jack H.M.; Rouwendal, Jan; Schipper, Rob A.

    2017-01-01

    The subject area Regional Economics has become topical. This means that in economic analyses the production factor 'space' is of increasing importance. This study book aims to integrate space in the area of General Economics in an analytical way. Models and their applications play a major role in

  19. Economics: It's Your Business.

    Science.gov (United States)

    Billings, Henry

    This document is a text for teaching economics. The book is divided into seven units. Unit 1 is called "What is Economics?" Its seven chapters discuss economics and scarcity, money, the role of the consumer, the role of the producer, capitalism and the free enterprise system, and the circular flow of the economy. The second unit is "How the United…

  20. Teaching Economics. Second Edition.

    Science.gov (United States)

    Lee, Norman, Ed.

    The purpose of this book is to review the place of economics education in the curriculum and to investigate the significance of developments in educational theory and practice for the teaching of economics. It consists of a collection of studies on different aspects of economics education, prepared by 24 contributors from British and North…

  1. Comparing Economic Systems.

    Science.gov (United States)

    Wolken, Lawrence C.

    1984-01-01

    Defines the predominate classifications of economic systems: traditional, command, market, capitalism, socialism, and communism. Considers property rights, role of government, economic freedom, incentives, market structure, economic goals and means of achieving those goals for each classification. Identifies 26 print and audio-visual sources for…

  2. Economic Components of Grief

    Science.gov (United States)

    Corden, Anne; Hirst, Michael

    2013-01-01

    This article investigates the nature, context, and impact of economic stressors associated with loss, drawing on a mixed-methods study of changes in financial circumstances and economic roles following death of a life partner. Findings show how economic changes, and the practicalities of dealing with such transitions, shaped individual responses…

  3. Behavioral Economics and Consumption

    DEFF Research Database (Denmark)

    Reisch, Lucia A.; Sunstein, Cass R.

    2015-01-01

    Behavioral economics explores why people sometimes fail to make rational decisions, and how their behavior departs from the predictions of standard economic models. Insights gained from studies in behavioral economics are used in consumer research and consumer policy to understand and improve ind...

  4. Regional Economic Development

    Science.gov (United States)

    ; Sponsored Work Regional Economic Development Technology Opportunities User Facilities About Us Metrics In the News Publications Policies Feynman Center » Deploying Innovation » Regional Economic Development Regional Economic Development Supporting companies in every stage of development through access to

  5. Does India's Economic Transformation Promote Women's Economic ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    This has been accompanied by a narrowing of the gender gap in education. ... in which economic growth can affect women's access to, and control over, resources. ... In partnership with UNESCO's Organization for Women in Science for the ...

  6. The European economic community and economic assosiation

    Directory of Open Access Journals (Sweden)

    S. Meijer

    1959-03-01

    Full Text Available I am grateful to the Afrika-Seminaar of the Potchefstroom University for inviting me to give a talk on the European Economic Community and the Association of the Overseas Countries and Territories.

  7. The ecological economics: An ecological economics

    International Nuclear Information System (INIS)

    Castiblanco R, Carmenza

    2007-01-01

    Ecological Economics arise as a scientific discipline aimed to integrate concepts of economics, ecology, thermodynamics, ethic and other natural and social sciences in order to incorporate a biophysical and integrated perspective of the inter dependences between economies and environment, from a plural conception and a methodology beyond disciplines. Ecological Economics studies the black box of economic processes usually excluded of the traditional economics: thermodynamics and ecology. Although it is relatively a new field of study, it has been strengthening its theoretical framework with scientific basis and analytic principles that lead to its identification as a new discipline that show a whole new paradigm. The scope of this article is to show the conceptual and methodological bases, the main founders, approaches and central debates of this new discipline. This brief introduction is a preamble to the papers of the meeting Ecological Economics: a perspective for Colombia included in this number, that took place on September 22 - 27 of 2007, at the National University of Colombia at Bogota. During tree days national and international experts, professors, researchers, workers of environmental sector and people interested on environmental issues joined together to know the conceptual and methodological achievements reached of this discipline; as well as to analyse and evaluate the environmental problems of the country, from the systemic, interdisciplinary and general perspective that it promotes

  8. Economics of ALMR deployment

    International Nuclear Information System (INIS)

    Delene, J.G.; Fuller, L.C.; Hudson, C.R.

    1994-01-01

    The Advanced Liquid Metal Reactor (ALMR) has the potential to extend the economic life of the nuclear option and of reducing the number of high level waste repositories which will eventually be needed in an expanding nuclear economy. This paper reports on an analysis which models and evaluates the economics of the use of ALMRs as a component of this country's future electricity generation mix. The ALMR concept has the ability to utilize as fuel the fissile material contained in previously irradiated nuclear fuel (i.e., spent fuel) or from surplus weapons grade material. While not a requirement for the successful deployment of ALMR power plant technology, the reprocessing of spent fuel from light water reactors (LWR) is necessary for any rapid introduction of ALMR power plants. In addition, the reprocessing of LWR spent fuel may reduce the number of high level waste repositories needed in the future by burning the long-lived actinides produced in the fission process. With this study, the relative economics of a number of potential scenarios related to these issues are evaluated. While not encompassing the full range of all possibilities, the cases reported here provide an indication of the potential costs, timings, and relative economic attractiveness of ALMR deployment

  9. Finance and Economic Development

    Directory of Open Access Journals (Sweden)

    Ugo Panizza

    2012-03-01

    Full Text Available Published by Palgrave MacmillanThis chapter reviews the literature on finance and economic development. It starts with a description of the roles of finance, a definition of financial efficiency, and a discussion of whether countries may have financial sectors that are ‘too large’ compared to the size of the domestic economy. Next, the author describes several indicators of financial development and reviews the literature on the relationship between financial development and economic growth. In the literature review, he discusses in detail some recent evidence indicating that the marginal contribution of financial development to gross domestic product (GDP growth becomes negative when credit to the private sector reaches 110 per cent of GDP. The chapter concludes with some policy conclusions targeted to developing countries.

  10. Economic Thinking for Strategic Leaders

    Science.gov (United States)

    2011-03-24

    unprepared to analyze certain complex, ambiguous issues and craft informed decisions. 15. SUBJECT TERMS Behavioral Economics, Public Choice Theory ...COUNT: 7,668 PAGES: 38 KEY TERMS: Behavioral Economics, Public Choice Theory , Army Profession CLASSIFICATION: Unclassified Military senior...various economic fields, including Identity Economics, Neoclassical Economics, Behavioral Economics, and Public Choice Economics. Finally, it

  11. Network versus Economic Incentives

    DEFF Research Database (Denmark)

    Larsen, Christian Albrekt

    The article supplements the traditional economic line of reasoning with an economic sociological account of the transition from unemployment to employment. The lack of full information is recognised by economic theory while the focus on network within the tradition of economic sociology has...... not been adopted. The article argues that the importance of network actually might be very well understood within recent economic theories that emphasise the lack of full information. The empirical evidence for the importance of network both for employed and unemployed is provided by analysing a best case...... might be an important part of the vicious circles of unemployment. Finally, the article analyse the importance of network versus the importance of economic incentives. The result supports the thesis that economic sociology provides a better account of the transition from unemployment to employment than...

  12. History of Economic Rationalities

    DEFF Research Database (Denmark)

    This book concentrates upon how economic rationalities have been embedded into particular historical practices, cultures, and moral systems. Through multiple case-studies, situated in different historical contexts of the modern West, the book shows that the development of economic rationalities...... takes place in the meeting with other regimes of thought, values, and moral discourses. The book offers new and refreshing insights, ranging from the development of early economic thinking to economic aspects and concepts in the works of classical thinkers such as Thomas Hobbes, John Locke and Karl Marx......, to the role of economic reasoning in contemporary policies of art and health care. With economic rationalities as the read thread, the reader is offered a unique chance of historical self-awareness and recollection of how economic rationality became the powerful ideological and moral force that it is today....

  13. Constructing coincident indices of economic activity for the Latin American economy

    Directory of Open Access Journals (Sweden)

    João Victor Issler

    2013-03-01

    Full Text Available This paper has three main contributions. The first is to propose an individual coincident indicator for the following Latin American countries: Argentina, Brazil, Chile, Colombia and Mexico. In order to obtain similar series to those traditionally used in business-cycle research in constructing coincident indices (output, sales, income and employment we were forced to back-cast several individual country series which were not available in a long time-series span. The second contribution is to establish a chronology of recessions for these countries, covering the period from 1980 to 2012 on a monthly basis. Based on this chronology, the countries are compared in several respects. The final contribution is to propose an aggregate coincident indicator for the Latin American economy, which weights individual-country composite indices. Finally, this indicator is compared with the coincident indicator (The Conference Board - TCB of the U.S. economy. We find that the U.S. indicator Granger-causes the Latin American indicator in statistical tests

  14. Spatial patterns of diversity and genetic erosion of traditional cassava (Manihot esculenta Crantz) cultivation in the Peruvian Amazon: an evaluation of socio-economic and environmental indicators

    NARCIS (Netherlands)

    Willemen, L.; Scheldeman, X.; Soto Cabellos, V.; Salazar, S.R.; Guarino, L.

    2007-01-01

    This study evaluates quantitatively the suitability of the use of site-specific socio-economic and environmental data as indicators to rapidly assess patterns of diversity and genetic erosion risk in cassava. Socio-economic data as well as farmers¿ estimation of genetic erosion were collected in the

  15. Economics of population versus economic demography

    Directory of Open Access Journals (Sweden)

    A. A. Tkachenko

    2017-01-01

    Full Text Available The article specifies the correlation between economic demography and the economy of population as the most important scientific areas of modern research. It is concluded that the Russian scientific community lags in the development of these sciences from the world scientific thought. Special attention is paid to the works and ideas of S. Kuznets and Amartya Sen as outstanding researchers of the interrelationships between the population and the economy. It is emphasized that their contribution was not only theoretical but also of practical importance. The importance of G. Myrdal’s works for modern studies of the consequences of population aging is considered. The article examines foreign training courses on “Population Economics”, presented at the Universities of Wisconsin and McMaster, their analysis led to the conclusion that the preparation of textbooks on courses is less productive than the use of scientific articles in journals, containing more recent ideas and achievements of science. The author considers the system, proposed in the course Michel Grignon and Byron G. Spencer «The Economics of Population» more preferable. The article substantiates the opinion that the economic theory of well-being should be the core of the population economy. It is concluded that the differences between economic demography and the economy of population are not just differences between the micro- and macro levels, as some authors write, but the transition to large scales and entropy.The author identifies three most important areas of demo-economic research, which include research in the field of human capital, international economic migration, especially remittance, analysis of the stratification of the population and society by the income in the global and national economies. One can single out the general area of interests of the population economy and economic demography in which these sciences are almost impossible to divide and in which only

  16. Two stages of economic development

    OpenAIRE

    Gong, Gang

    2016-01-01

    This study suggests that the development process of a less-developed country can be divided into two stages, which demonstrate significantly different properties in areas such as structural endowments, production modes, income distribution, and the forces that drive economic growth. The two stages of economic development have been indicated in the growth theory of macroeconomics and in the various "turning point" theories in development economics, including Lewis's dual economy theory, Kuznet...

  17. Occurrence of Eimeria species parasites on small-scale commercial chicken farms in Africa and indication of economic profitability.

    Directory of Open Access Journals (Sweden)

    Kimberly M Fornace

    Full Text Available Small-scale commercial poultry production is emerging as an important form of livestock production in Africa, providing sources of income and animal protein to many poor households, yet the occurrence and impact of coccidiosis on this relatively new production system remains unknown. The primary objective of this study was to examine Eimeria parasite occurrence on small-scale commercial poultry farms in Ghana, Tanzania and Zambia. Additionally, farm economic viability was measured by calculating the farm gross margin and enterprise budget. Using these economic measures as global assessments of farm productivity, encompassing the diversity present in regional husbandry systems with a measure of fundamental local relevance, we investigated the detection of specific Eimeria species as indicators of farm profitability. Faecal samples and data on production parameters were collected from small-scale (less than 2,000 birds per batch intensive broiler and layer farms in peri-urban Ghana, Tanzania and Zambia. All seven Eimeria species recognised to infect the chicken were detected in each country. Furthermore, two of the three genetic variants (operational taxonomic units identified previously in Australia have been described outside of Australia for the first time. Detection of the most pathogenic Eimeria species associated with decreased farm profitability and may be considered as an indicator of likely farm performance. While a causal link remains to be demonstrated, the presence of highly pathogenic enteric parasites may pose a threat to profitable, sustainable small-scale poultry enterprises in Africa.

  18. Occurrence of Eimeria Species Parasites on Small-Scale Commercial Chicken Farms in Africa and Indication of Economic Profitability

    Science.gov (United States)

    Fornace, Kimberly M.; Clark, Emily L.; Macdonald, Sarah E.; Namangala, Boniface; Karimuribo, Esron; Awuni, Joseph A.; Thieme, Olaf; Blake, Damer P.; Rushton, Jonathan

    2013-01-01

    Small-scale commercial poultry production is emerging as an important form of livestock production in Africa, providing sources of income and animal protein to many poor households, yet the occurrence and impact of coccidiosis on this relatively new production system remains unknown. The primary objective of this study was to examine Eimeria parasite occurrence on small-scale commercial poultry farms in Ghana, Tanzania and Zambia. Additionally, farm economic viability was measured by calculating the farm gross margin and enterprise budget. Using these economic measures as global assessments of farm productivity, encompassing the diversity present in regional husbandry systems with a measure of fundamental local relevance, we investigated the detection of specific Eimeria species as indicators of farm profitability. Faecal samples and data on production parameters were collected from small-scale (less than 2,000 birds per batch) intensive broiler and layer farms in peri-urban Ghana, Tanzania and Zambia. All seven Eimeria species recognised to infect the chicken were detected in each country. Furthermore, two of the three genetic variants (operational taxonomic units) identified previously in Australia have been described outside of Australia for the first time. Detection of the most pathogenic Eimeria species associated with decreased farm profitability and may be considered as an indicator of likely farm performance. While a causal link remains to be demonstrated, the presence of highly pathogenic enteric parasites may pose a threat to profitable, sustainable small-scale poultry enterprises in Africa. PMID:24391923

  19. Occurrence of Eimeria species parasites on small-scale commercial chicken farms in Africa and indication of economic profitability.

    Science.gov (United States)

    Fornace, Kimberly M; Clark, Emily L; Macdonald, Sarah E; Namangala, Boniface; Karimuribo, Esron; Awuni, Joseph A; Thieme, Olaf; Blake, Damer P; Rushton, Jonathan

    2013-01-01

    Small-scale commercial poultry production is emerging as an important form of livestock production in Africa, providing sources of income and animal protein to many poor households, yet the occurrence and impact of coccidiosis on this relatively new production system remains unknown. The primary objective of this study was to examine Eimeria parasite occurrence on small-scale commercial poultry farms in Ghana, Tanzania and Zambia. Additionally, farm economic viability was measured by calculating the farm gross margin and enterprise budget. Using these economic measures as global assessments of farm productivity, encompassing the diversity present in regional husbandry systems with a measure of fundamental local relevance, we investigated the detection of specific Eimeria species as indicators of farm profitability. Faecal samples and data on production parameters were collected from small-scale (less than 2,000 birds per batch) intensive broiler and layer farms in peri-urban Ghana, Tanzania and Zambia. All seven Eimeria species recognised to infect the chicken were detected in each country. Furthermore, two of the three genetic variants (operational taxonomic units) identified previously in Australia have been described outside of Australia for the first time. Detection of the most pathogenic Eimeria species associated with decreased farm profitability and may be considered as an indicator of likely farm performance. While a causal link remains to be demonstrated, the presence of highly pathogenic enteric parasites may pose a threat to profitable, sustainable small-scale poultry enterprises in Africa.

  20. ECONOMIC CRISIS AND ECONOMIC DISPARITIES IN EUROPEAN UNION

    Directory of Open Access Journals (Sweden)

    Rodica CRUDU

    2015-09-01

    Full Text Available The impact of the economic and financial crisis is still being felt. It started as an acute crisis of the banking system, but then quickly affected the real economy, causing a substantial slump in business investment, household demand and output. The current economic crisis has affected almost all European countries but the countries of the European south and the former eastern socialist republics have suffered the most. The objective in this paper is to quantify economic disparities as expressed by several growth indicators, such as GDP per capita, employment/unemployment rates, labour productivity rates and use them to compare the economic performances before and after the crisis. EU took several measures to recover from the economic crisis. Nevertheless, its ability to adjust to widely diverse national and local contexts that have been impacted differently by the effects of the crisis, and to support the different patterns of economic growth that will result from it, is yet to be seen.

  1. Welfare effects of natural disasters in developing countries: an examination using multi-dimensional socio-economic indicators

    Science.gov (United States)

    Mutter, J. C.; Deraniyagala, S.; Mara, V.; Marinova, S.

    2011-12-01

    The study of the socio-economic impacts of natural disasters is still in its infancy. Social scientists have historically regarded natural disasters as exogenous or essentially random perturbations. More recent scholarship treats disaster shocks as endogenous, with pre-existing social, economic and political conditions determining the form and magnitude of disaster impacts. One apparently robust conclusion is that direct economic losses from natural disasters, similar to human losses, are larger (in relative terms) the poorer a country is, yet cross-country regressions show that disasters may accrue economic benefits due to new investments in productive infrastructure, especially if the investment is funded by externally provided capital (Work Bank assistance, private donations, etc) and do not deplete national savings or acquire a debt burden. Some econometric studies also show that the quality of a country's institutions can mitigate the mortality effects of a disaster. The effects on income inequality are such that the poor suffer greater 'asset shocks' and may never recover from a disaster leading to a widening of existing disparities. Natural disasters affect women more adversely than men in terms of life expectancy at birth. On average they kill more women than men or kill women at a younger age than men, and the more so the stronger the disaster. The extent to which women are more likely to die than men or to die at a younger age from the immediate disaster impact or from post-disaster events depends not only on disaster strength itself but also on the socioeconomic status of women in the affected country. Existing research on the economic effects of disasters focus almost exclusively on the impact on economic growth - the growth rate of GDP. GDP however is only a partial indicator of welfare, especially for countries that are in the lower ranks of development status. Very poor communities are typically involved in subsistence level activities or in the

  2. Economic performance indicators of wind energy based on wind speed stochastic modeling

    International Nuclear Information System (INIS)

    D’Amico, Guglielmo; Petroni, Filippo; Prattico, Flavio

    2015-01-01

    Highlights: • We propose a new and different wind energy production indicator. • We compute financial profitability of potential wind power sites. • The wind speed process is modeled as an indexed semi-Markov chain. • We check if the wind energy is a good investment with and without incentives. - Abstract: We propose the computation of different wind energy production indicators and financial profitability of potential wind power sites. The computation is performed by modeling the wind speed process as an indexed semi-Markov chain to predict and simulate the wind speed dynamics. We demonstrate that the indexed semi-Markov chain approach enables reproducing the indicators calculated on real data. Two different time horizons of 15 and 30 years are analyzed. In the first case we consider the government incentives on the energy price now present in Italy, while in the second case the incentives have not been taken into account

  3. An assessment of potential hydro-political tensions in transboundary river basins using environmental, political, and economic indicators

    Science.gov (United States)

    De Stefano, Lucia; Petersen-Perlman, Jacob; Sproles, Eric; Eynard, James; Wolf, Aaron T.

    2015-04-01

    Globally 286 river basins extend across international borders, covering over 61.9 million km2 of the earth's surface and hosting a total of approximately 2.7 billion people. In these basins, transboundary water resources support an interdependent web of environmental, political, and economic systems that can enhance or destabilize a region. We present an integrated global-scale assessment of transboundary watersheds to identify regions more likely to experience hydro-political tensions over the next decade and beyond based upon environmental, political, and economic indicators. We combine NASA's Gravity Recovery and Climate Experiment (GRACE) measurements of changes in terrestrial water storage with metrics of projected climate change impacts on water variability, the institutional capacity of countries to manage shared water resources, the development of new water infrastructure, per capita gross national income, domestic and international armed conflicts, and recent history of disputes over transboundary waters. The construction of new water-related infrastructure is on-going or planned in many basins worldwide. New water infrastructure is foreseen also in areas where instruments of international cooperation are still absent or limited in scope, e.g. in Southeast Asia, South Asia, Central America, the northern part of the South American continent, and the southern Balkans as well as in different parts of Africa. Moreover, in Central and Eastern Africa, the Middle East, and Central, South and South-East Asia there is a concomitance of several political, environmental and socioeconomic factors that could exacerbate hydropolitical tensions. Our analysis integrates political, economic and environmental metrics and is part of the United Nation's Transboundary Waters Assessment Programme to provide the first global-scale assessment of its type.

  4. Constructing coincident indices of economic activity for the Latin American economy

    Directory of Open Access Journals (Sweden)

    João Victor Issler

    2013-03-01

    Full Text Available This paper has three main contributions. The first is to propose an individual coincident indicator for the following Latin American countries: Argentina, Brazil, Chile, Colombia and Mexico. In order to obtain similar series to those traditionally used in business-cycle research in constructing coincident indices (output, sales, income and employment we were forced to back-cast several individual country series which were not available in a long time-series span. The second contribution is to establish a chronology of recessions for these countries, covering the period from 1980 to 2012 on a monthly basis. Based on this chronology, the countries are compared in several respects. The final contribution is to propose an aggregate coincident indicator for the Latin American economy, which weights individual-country composite indices. Finally, this indicator is compared with the coincident indicator (The Conference Board - TCB of the U.S. economy. We find that the U.S. indicator Granger-causes the Latin American indicator in statistical testsEsse artigo tem 3 contribuições à literatura de ciclos de negócios. A primeira é a de construir indicadores coincidentes de atividade econômica para Argentina, Brasil, Chile, Colômbia e México, usando pesos idênticos para as séries de Emprego, Produção, Renda, e Vendas. Para tal, tivemos que fazer o back-cast de algumas séries chave para poder construir esses indicadores. A segunda é a de estabelecer uma cronologia de recessões para esses países no período 1980-2012 em bases mensais. Com base na última, fazemos comparações em várias dimensões. Finalmente, nossa última contribuição é propor um índice coincidente agregado para a América Latina, que é comparado ao índice agregado dos EUA. Esta comparação indica que o índice coincidente dos EUA Granger-causa o da América Latina, mas a recíproca não é verdadeira

  5. The effects of the global economic crisis on Macedonian economy: Some macroeconomic indicators and future policy recommendations

    Directory of Open Access Journals (Sweden)

    Elizabeta Tosheva

    2016-01-01

    The experiences and lessons taken from the global economic crisis should serve as a basis for changing the current economic model with a new one in order the economy of the country to catch a connection with the intense changes that are expected to occur in the coming period. It is expected that creating new economic model in Republic of Macedonia will result in multiple positive effects that primarily manifested in the increasing number of newly small and medium enterprises, domestic investments, industrial production, GDP, number of new employees and total exports as well as in reduction of the trade deficit in maintaining macroeconomic stability of the country.

  6. Study of the Eco-Economic Indicators by Means of the New Version of the Merge Integrated Model Part 2

    Directory of Open Access Journals (Sweden)

    Boris Vadimovich Digas

    2016-03-01

    economic development of Russia and the indicators of their ecological efficiency. Calculations show that Russia has reserves allowing its participation in the nature protection initiatives consisting in the non-exceedance of the emissions levels of 1990 by 2020−2025. At the same time, a goal of increasing the ecological efficiency of the Russian gross domestic product is relevant and demands to address this matter urgently. We suppose that modelling results may be in demand by the competent bodies taking managerial decisions.

  7. Study of the Eco-Economic Indicators by Means of the New Version of the Merge Integrated Model. Part 1

    Directory of Open Access Journals (Sweden)

    Boris Vadimovich Digas

    2015-12-01

    Full Text Available One of the most relevant issues of the day is the forecasting problem of climatic changes and mitigation of their consequences. The official point of view reflected in the Climate doctrine of the Russian Federation consists in the recognition of the need of the development of the state approach to the climatic problems and related issues on the basis of the comprehensive scientific analysis of ecological, economic and social factors. For this purpose, the integrated estimation models of interdisciplinary character are attracted. Their functionality is characterized by the possibility of construction and testing of various dynamic scenarios of complex systems. The main purposes of the computing experiments described in the article are a review of the consequences of hypothetical participation of Russia in initiatives for greenhouse gas reduction as the Kyoto Protocol and approbation of one of the calculation methods of the green GDP representing the efficiency of environmental management in the modelling. To implement the given goals, the MERGE optimization model is used, its classical version is intended for the quantitative estimation of the application results of nature protection strategies. The components of the model are the eco-power module, climatic module and the module of loss estimates. In the work, the main attention is paid to the adaptation of the MERGE model to a current state of the world economy in the conditions of a complicated geopolitical situation and introduction of a new component to the model, realizing a simplified method for calculation the green GDP. The Project of scenario conditions and the key macroeconomic forecast parameters of the socio-economic development of Russia for 2016 and the schedule date of 2017−2018 made by the Ministry of Economic Development of the Russian Federation are used as a basic source of entrance data for the analysis of possible trajectories of the economic development of Russia and the

  8. Evaluation of Technological, Economic and Social Indicators for Different Farming Practices in Lithuania

    Directory of Open Access Journals (Sweden)

    Aistė Galnaitytė

    2017-12-01

    Full Text Available Organic and integrated farming practices contribute to protecting biodiversity, reducing environmental pollution, improving soil quality, and providing high-quality raw material for food industry. The objective of the article is to establish the methodology and evaluate the system of indicators, which enables answering the question which farming practice has more advantages: organic or integrated? Multi-criteria analysis methods were used to achieve this objective. When being compared with between conventional and integrated farming practices, organic farming practice achieves higher profitability and greater energy efficiency. Organic farming reveals to be either superior, or similar to integrated farming practices in environmental terms. Potatoes, fruits and berries under both conventional and integrated farming practices have obtained the same rank (1–2 according to the selected criterions (yield, share of sold product, expenses on plant protection, production cost, price and labour input. Organic farming practice has shown worse rank. Organic farming practice has appeared to be the most suitable for vegetables.

  9. Non-equilibrium Economics

    Directory of Open Access Journals (Sweden)

    Katalin Martinás

    2007-02-01

    Full Text Available A microeconomic, agent based framework to dynamic economics is formulated in a materialist approach. An axiomatic foundation of a non-equilibrium microeconomics is outlined. Economic activity is modelled as transformation and transport of commodities (materials owned by the agents. Rate of transformations (production intensity, and the rate of transport (trade are defined by the agents. Economic decision rules are derived from the observed economic behaviour. The non-linear equations are solved numerically for a model economy. Numerical solutions for simple model economies suggest that the some of the results of general equilibrium economics are consequences only of the equilibrium hypothesis. We show that perfect competition of selfish agents does not guarantee the stability of economic equilibrium, but cooperativity is needed, too.

  10. Environmentally Sustainable Economic Growth

    Directory of Open Access Journals (Sweden)

    Stelian Brad

    2016-05-01

    Full Text Available Economic growth and sustainable development are important issues for social prosperity. Sustainable development strives for moderate and responsible use within the economic activity of the limited resources of our planet, whereas economic growth does not limit the resource exploitation and energy, being mainly focused on productivity increase. From this perspective, both conceptual and operational contradictions occur between the two pillars of prosperity. This paper looks to these contradictions and proposes some streams of intervention such as economic growth and environmental sustainability to operate in harmony. A structured framework for innovative problem solving is considered in this respect. Results of this research show that it is possible to induce smart measures in the economic system for directing businesses towards new paradigms where economic growth is possible without negative effects on environmental sustainability.

  11. Testing novel quantitative indicators of research ‘quality’, esteem and ‘user engagement’: an economics pilot study

    OpenAIRE

    Claire Donovan; Linda Butler

    2007-01-01

    Applying ‘standard’ publication and citation measures to the social sciences is fast becoming an outmoded practice, yet we have still to develop credible quantitative alternatives to inform research evaluation exercises. This paper reports the outcomes of a comparative pilot study of five Australian economics departments which tested data produced using novel bibliometric, esteem, and ‘user engagement’ measures. The results were presented to a group of expert peers drawn from the economics gr...

  12. Economics and obesity policy.

    Science.gov (United States)

    Lusk, J L

    2017-06-01

    This paper elucidates the challenges surrounding the economics of some popular obesity-related policy proposals. Solid economic justifications for anti-obesity policies are often lacking, and evidence suggests policies like fat and soda taxes or restrictions on food stamp spending are unlikely to substantively affect obesity prevalence. In short, many of the same factors that make obesity such a complicated and multifaceted issue extend to the economic analysis of public health policies.

  13. Principles of (Behavioral) Economics

    OpenAIRE

    David Laibson; John A. List

    2015-01-01

    Behavioral economics has become an important and integrated component of modern economics. Behavioral economists embrace the core principles of economics—optimization and equilibrium—and seek to develop and extend those ideas to make them more empirically accurate. Behavioral models assume that economic actors try to pick the best feasible option and those actors sometimes make mistakes. Behavioral ideas should be incorporated throughout the first-year undergraduate course. Instructors should...

  14. Models of Economic Analysis

    OpenAIRE

    Adrian Ioana; Tiberiu Socaciu

    2013-01-01

    The article presents specific aspects of management and models for economic analysis. Thus, we present the main types of economic analysis: statistical analysis, dynamic analysis, static analysis, mathematical analysis, psychological analysis. Also we present the main object of the analysis: the technological activity analysis of a company, the analysis of the production costs, the economic activity analysis of a company, the analysis of equipment, the analysis of labor productivity, the anal...

  15. EXPERIMENT IN ECONOMICS

    OpenAIRE

    Basilgan, Müslüm

    2011-01-01

    In contrast to sciences such as physics, chemistry and psychology, using experimental methods in economics has encountered significant resistance reaching as far back as Mill. The basic reason for the resistance is the widely accepted view that experiment is not suited to analyzing complex human activity including economic behaviors. However, experimental studies, which started to test economics theories from the 1940s, have now reached an important point. The purpose of this study is to show...

  16. Forecasting oilfield economic performance

    International Nuclear Information System (INIS)

    Bradley, M.E.; Wood, A.R.O.

    1994-01-01

    This paper presents a general method for forecasting oilfield economic performance that integrates cost data with operational, reservoir, and financial information. Practices are developed for determining economic limits for an oil field and its components. The economic limits of marginal wells and the role of underground competition receive special attention. Also examined is the influence of oil prices on operating costs. Examples illustrate application of these concepts. Categorization of costs for historical tracking and projections is recommended

  17. Emotions and Economic Preference

    OpenAIRE

    Todorova, Tamara; Ramachandran, Bharath

    2005-01-01

    We wish to examine critically the viewpoint that: a) economists take too narrow a view of rationality and do not recognize the role of emotions as a component of rationality and b) do not address the question of whether preferences are rational or not, and instead take them as just given. We trace the relationship between economics and emotions showing some economic dimensions of emotional states. We illustrate them with examples of economic behavior based on emotional reactions.

  18. The economics of health

    OpenAIRE

    Beck, V; Quinn, M; Dunn, A; Edmunds Otter, M; Hammer, N; Pitchforth, E

    2008-01-01

    Health economics has, in recent years, become a major area of research in economics. This important collection presents a careful selection of the best articles and is classified according to eight fields within health economics. It thus provides a comprehensive cross-section of the large and disparate literature on the subject. It forms, in a real sense, a book which will be invaluable for teachers and researchers who wish to have these frequently cited articles easily to hand. It will be es...

  19. Gender and Economic Globalization

    OpenAIRE

    Harcourt, Wendy

    2016-01-01

    The following article draws on the discussion of the iuéd Colloquium on Gender and Economic Globalization. The Colloquium aimed to draw out the impact of economic globalization on gender relations, with a particular focus on poor women in developing countries. Globalization – for or against women? In order to look at the impact of economic globalization on gender relations, and more particularly on poor women’s lives, we are confronted with a complex set of interlinked dynamics. Inequitable g...

  20. Agroforestry Economics and Policy

    Science.gov (United States)

    L.D. Godsey; D. Evan Mercer; Robert K. Grala; Stephen C. Grado; Janaki R.R. Alavalapati

    2009-01-01

    Essentially every living thing on Earth has applied the basic concepts of economics. That is, every living thing has had to use a limited set of resources to meet a minimum set of needs or wants. Although the study of economics is often confused with the study of markets or finance, economics is simply a social science that studies the choices people make. As a social...

  1. Explaining Protest in the Aftermath of the Great Recession in Europe: The Relevance of Different Economic Indicators

    Directory of Open Access Journals (Sweden)

    Francesca Vassallo

    2016-04-01

    Full Text Available The European economic crisis has brought economic hardship and prolonged instability to many countries in the European Union. While economies are struggling to recover, citizens have opted to become more vocal unconventionally. Mass protest, public occupations and demonstrations have dominated Europe. Yet, numbers of people choosing to protest need to be assessed to verify whether the economic recession is indeed responsible for a surge in protest activism on the continent. With the use of multiple rounds from the European Social Survey (2006-2012, this article tests the hypothesis linking unconventional political behavior in Europe to the economy. Findings suggest that overall European protest levels are not higher after the crisis, although confrontational activism has spiked in few countries. Economic variables retain instead an important role in the explanation of protest in the post-recession era, with both objective and subjective economic measures supporting a grievance theory explanation of why Europeans protest. Economic decline matters in the selection of protest as a mode of political participation.

  2. Politico-economic equivalence

    DEFF Research Database (Denmark)

    Gonzalez Eiras, Martin; Niepelt, Dirk

    2015-01-01

    Traditional "economic equivalence'' results, like the Ricardian equivalence proposition, define equivalence classes over exogenous policies. We derive "politico-economic equivalence" conditions that apply in environments where policy is endogenous and chosen sequentially. A policy regime and a st......Traditional "economic equivalence'' results, like the Ricardian equivalence proposition, define equivalence classes over exogenous policies. We derive "politico-economic equivalence" conditions that apply in environments where policy is endogenous and chosen sequentially. A policy regime...... their use in the context of several applications, relating to social security reform, tax-smoothing policies and measures to correct externalities....

  3. Industrial Economics in Scandinavia

    DEFF Research Database (Denmark)

    Foss, Nicolai Juul; Møllgaard, Peter

    2004-01-01

    Based on diverse research methods, we trace and map industrial economics research in Denmark, Norway and Sweden in the periode of 1880 to 1908. After describing this research in terms of key contributors, we argue that industrial economics developed rather unevenly in the Scandinavian countries....... Danish research was mainly theoretical and strongly oriented towards the international context, whereas Norwegian research was largely industry analysis with a strong leaning towards managerial economics. Swedish research in industrial economics is very scant until the end of the 1960s.JEL Code: B1, B2...

  4. Foundations of economic change

    DEFF Research Database (Denmark)

    Cantner, Uwe

    2016-01-01

    This paper employs the Schumpeterian approach to the development of economies in order to identify the core building blocks of a theory of endogenous economic change. Borders and insights are widened by combining concepts and findings from behavioral economics, from evolutionary economics, and from...... complexity economics. Actor heterogeneity, on the one hand, and mechanisms of actors’ interaction, on the other, are suggested to be fundamental elements of that theory. Theoretical analyses and empirical accounts are presented, achievements are discussed, and further avenues of research are suggested....

  5. Globalization and Economic Freedom

    DEFF Research Database (Denmark)

    Bjørnskov, Christian

    2006-01-01

    This paper employs a panel data set to estimate the effect of globalization on four measures of economic freedom. Contrary to previous studies, the paper distinguishes between three separate types of globalization: economic, social and political. It also separates effects for poor and rich...... countries, and autocracies and democracies. The results show that economic globalization is negatively associated with government size and positively with regulatory freedom in rich countries; social globalization is positively associated with legal quality in autocracies and with the access to sound money...... in democracies. Political globalization is not associated with economic freedom...

  6. CDBG Economic Development Activity

    Data.gov (United States)

    Department of Housing and Urban Development — CDBG activity related to economic development, including commercial or industrial rehab, commercial or industrial land acquisition, commercial or industrial...

  7. Contemporary engineering economics

    CERN Document Server

    Park, Chan S

    2011-01-01

    Contemporary Engineering Economics, 5/e, is intended for undergraduate engineering students taking introductory engineering economics while appealing to the full range of engineering disciplines for which this course is often required: industrial, civil, mechanical, electrical, computer, aerospace, chemical, and manufacturing engineering, as well as engineering technology. This edition has been thoroughly revised and updated while continuing to adopt a contemporary approach to the subject, and teaching, of engineering economics. This text aims not only to build a sound and comprehensive coverage of engineering economics, but also to address key educational challenges, such as student difficulty in developing the analytical skills required to make informed financial decisions.

  8. ALMR deployment economic analysis

    International Nuclear Information System (INIS)

    Delene, J.G.; Fuller, L.C.; Hudson, C.R.

    1993-06-01

    This analysis seeks to model and evaluate the economics of the use of Advanced Liquid Metal Reactors (ALMR) as a component of this country's future electricity generation mix. The ALMR concept has the ability to utilize as fuel the fissile material contained in previously irradiated nuclear fuel (i.e., spent fuel). While not a requirement for the successful deployment of ALMR power plant technology, the reprocessing of spent fuel from light water reactors (LWR) is necessary for any rapid introduction of ALMR power plants. In addition, the reprocessing of LWR spent fuel may reduce the number of high level waste repositories needed in the future by burning the long-lived actinides produced in the fission process. With this study, the relative economics of a number of potential scenarios related to these issues are evaluated. While not encompassing the full range of all possibilities, the cases reported here provide an indication of the potential costs, timings, and relative economic attractiveness of ALMR deployment

  9. Essays in health economics and labor economics

    NARCIS (Netherlands)

    Palali, Ali

    2015-01-01

    The economics literature presents a growing number of studies focusing on risky health behaviors such as tobacco use or cannabis use. One of the most important characteristics of these risky health behaviors is that they harm the users and the people around the users, causing great social and

  10. Economic Engagement Framework: Economic Impact Guidelines

    Science.gov (United States)

    Ambargis, Zoë; Mead, Charles Ian; Rzeznik, Stanislaw J.; Swenson, David; Weisenberger, Janet

    2014-01-01

    The Association of Public and Land-grant Universities' (APLU's) Commission on Innovation, Competitiveness, and Economic Prosperity (CICEP) views university contributions to the economy across a spectrum of activity--from educating students and creating the talent necessary for the 21st century workforce to developing innovation ecosystems and…

  11. Economic Modelling in Institutional Economic Theory

    Directory of Open Access Journals (Sweden)

    Wadim Strielkowski

    2017-06-01

    Full Text Available Our paper is centered around the formation of theory of institutional modelling that includes principles and ideas reflecting the laws of societal development within the framework of institutional economic theory. We scrutinize and discuss the scientific principles of this institutional modelling that are increasingly postulated by the classics of institutional theory and find their way into the basics of the institutional economics. We propose scientific ideas concerning the new innovative approaches to institutional modelling. These ideas have been devised and developed on the basis of the results of our own original design, as well as on the formalisation and measurements of economic institutions, their functioning and evolution. Moreover, we consider the applied aspects of the institutional theory of modelling and employ them in our research for formalizing our results and maximising the practical outcome of our paper. Our results and findings might be useful for the researchers and stakeholders searching for the systematic and comprehensive description of institutional level modelling, the principles involved in this process and the main provisions of the institutional theory of economic modelling.

  12. Economic globalisation and economic justice: Covenanting for ...

    African Journals Online (AJOL)

    The premise of this article is that ethical moral formation or 'covenanting for justice' leads to action. The covenanting church itself, in conjunction with other movements, works for justice in all areas of life. The article uses the six aspects of ethical moral formation of Heinz Tödt to analyse some aspects of economic ...

  13. The effect of information processing technology on its economic indicators in the oil industry. O vliyanii tekhnologii obrabotki informatsii na yeye ekonomicheskiye pokazateli v usloviyakh neftyanoy promyshlennosti

    Energy Technology Data Exchange (ETDEWEB)

    Obidnov, B I; Maksimova, T N

    1984-01-01

    The issues of the dependence of the economic indicators of information acquisition in the oil industry on its processing technology are examined. Different variants in a technology for processing information are examined and the characteristics for increasing the cost of information within an oil extracting enterprise are analyzed in detail. The economic indicators of information providing it is processed in a computer center are also disclosed.

  14. Exploring the relationship between national economic indicators and relative fitness and frailty in middle-aged and older Europeans

    Science.gov (United States)

    Theou, Olga; Brothers, Thomas D.; Rockwood, Michael R.; Haardt, David; Mitnitski, Arnold; Rockwood, Kenneth

    2013-01-01

    Background: on an individual level, lower-income has been associated with disability, morbidity and death. On a population level, the relationship of economic indicators with health is unclear. Objective: the purpose of this study was to evaluate relative fitness and frailty in relation to national income and healthcare spending, and their relationship with mortality. Design and setting: secondary analysis of data from the Survey of Health, Ageing and Retirement in Europe (SHARE); a longitudinal population-based survey which began in 2004. Subjects: a total of 36,306 community-dwelling people aged 50 and older (16,467 men; 19,839 women) from the 15 countries which participated in the SHARE comprised the study sample. A frailty index was constructed as the proportion of deficits present in relation to the 70 deficits available in SHARE. The characteristics of the frailty index examined were mean, prevalence of frailty and proportion of the fittest group. Results: the mean value of the frailty index was lower in higher-income countries (0.16 ± 0.12) than in lower-income countries (0.20 ± 0.14); the overall mean frailty index was negatively correlated with both gross domestic product (r = −0.79; P < 0.01) and health expenditure (r = −0.63; P < 0.05). Survival in non-frail participants at 24 months was not associated with national income (P = 0.19), whereas survival in frail people was greater in higher-income countries (P < 0.05). Conclusions: a country's level of frailty and fitness in adults aged 50+ years is strongly correlated with national economic indicators. In higher-income countries, not only is the prevalence of frailty lower, but frail people also live longer. PMID:23443511

  15. Antithetic Foundations of Economics

    Directory of Open Access Journals (Sweden)

    Marin Dinu

    2011-03-01

    Full Text Available This paper aims at decrypting the manner in which the foundations of Economics as a science and the meanings of the relevant explanatory formulas are being shaped. My analytical endeavor focuses on understanding the peculiarities of what is referred to as the object of study of the science known as Economics, an academic synthesis of concept-related breakthroughs regarding economicity. The explicit purpose of this analysis is to identify perennial benchmarks in economic cognition whereby this ensures its consistency. The implicit purpose is to shape a cognitive model in line with the specifics of the conceptual universe of Economics, as well as with the sources of the economic realities that are subject to a sui-generis relativism. The primary benefit of this endeavor consists in systemizing the conceptual prospects with an antithetic nature that allow for the explanations of the state of economic rationality and generate the understanding of what the source of economicity is and how it behaves. As such, the conclusions are marked by the stringent need of more precisely defining economic knowledge in order to match the changing nature of economic reality, as an expression that embraces the meeting point of two ontological vistas that are methodologically separated by some theories: human nature and human condition. Economics as a science thus features, apart from a conceptual substrate that needs to be spotted, an ontological background that needs to be revealed. The role played by this background appears to be most frequently ignored. The joint identification of both direct and contextual determinants for a sensitive area of humankind, i.e. the economy, is a direction to be followed by the royal path of rational knowledge.

  16. Teaching Writing in Economics

    Science.gov (United States)

    Schmeiser, Katherine

    2017-01-01

    In this article, the author provides motivation and a template for integrating and teaching writing in a variety of economics courses: core theory or introductory courses, topic courses, and economic writing/research courses. For each assignment, pedagogical reasoning and syllabus integration are discussed. Additionally, the author shows that…

  17. Economic Theory and Broadcasting.

    Science.gov (United States)

    Bates, Benjamin J.

    Focusing on access to audience through broadcast time, this paper examines the status of research into the economics of broadcasting. The paper first discusses the status of theory in the study of broadcast economics, both as described directly and as it exists in the statement of the basic assumptions generated by prior work and general…

  18. Economics in Detention

    Science.gov (United States)

    Elonge, Michael

    2013-01-01

    Economics in Detention is a University of Maryland Extension program that teaches inmates essential principles of economics as a foundation to a spectrum of decision making. Also, the program includes an emphasis on starting a small business after incarceration. The idea of this program emanates from an invitation by the Baltimore City Detention…

  19. Economics of Agroforestry

    Science.gov (United States)

    D. Evan Mercer; Frederick W. Cubbage; Gregory E. Frey

    2014-01-01

    This chapter provides principles, literature and a case study about the economics of agroforestry. We examine necessary conditions for achieving efficiency in agroforestry system design and economic analysis tools for assessing efficiency and adoptability of agroforestry. The tools presented here (capital budgeting, linear progranuning, production frontier analysis...

  20. Marketization and Economic Performance

    DEFF Research Database (Denmark)

    Hansen, Morten Balle

    2010-01-01

    . A reform enforcing compulsory competitive tendering in homecare for elderly people in Denmark is analysed and its relation to measures of economic performance is explored. Two competing models of marketization are contrasted in the analysis: a problem solving model inspired by public choice ideology...... little impact on economic performance is found, which lends support to an institutional interpretation of the findings....

  1. Economic and tax issues

    Science.gov (United States)

    Steverson O. Moffat; John L. Greene

    2002-01-01

    Economic conditions and tax policies affect land use decisions everywhere, but their effects on the rate of change in land use are particularly large in the wildland-urban interface. We begin this chapter with a brief economic history of the South and a description of the macroeconomic trends and conditions that affect microeconomics at the wildlandurban interface....

  2. Economics in Context

    Science.gov (United States)

    Evensky, Jerry

    2004-01-01

    Academic departmentalization has limited the dimensionality and thus the richness of analysis in the social sciences. The author examines the case of a modern economics as an example. He reviews the ideas of Williamson (2000), who cites the limits of scope in the New Institutional Economics; Buchanan, who lays bare the ethical foundations of…

  3. Essays in antitrust economics

    NARCIS (Netherlands)

    Verouden, V.C.H.M.

    2001-01-01

    Competition law - or antitrust law, as it is called in the United States - is a field of law to which economic concepts, such as "restriction of competition" and "anti-competitive effect", are of central importance. This thesis analyses a number of such concepts, both from an economic and a legal

  4. The Culture of Economics

    OpenAIRE

    Stephen Marglin

    2009-01-01

    Stephen Marglin examines how the culture of economics has impacted on Third World cultures. He argues that economics is possessed by its own theory of culture based on the market as the organizing principle of life, one that we need to go beyond.

  5. Sustainable economic structures

    NARCIS (Netherlands)

    Dellink, R.B.; Bennis, M.; Verbruggen, H.

    1999-01-01

    The paper introduces four scenarios for sustainable economic structures in the Netherlands for 2030. The aim of this paper is to provide possible answers to what a sustainable future might look like in terms of alternative economic structures. To this end, an empirical economy-ecology model is

  6. Internet Economics IV

    Science.gov (United States)

    2004-08-01

    edts.): Internet Economics IV Technical Report No. 2004-04, August 2004 Information Systems Laboratory IIS, Departement of Computer Science University of...level agreements (SLA), Information technology (IT), Internet address, Internet service provider 16. PRICE CODE 17. SECURITY CLASSIFICATION 18... technology and its economic impacts in the Internet world today. The second talk addresses the area of AAA protocol, summarizing authentication

  7. Behavioral Economics of Education

    DEFF Research Database (Denmark)

    Koch, Alexander Karl; Nafziger, Julia; Nielsen, Helena Skyt

    2015-01-01

    -dimensional rather than one-dimensional. Explicitly accounting for soft skills often implies departing from the standard economic model by integrating concepts studied in behavioral and experimental economics, such as self-control, willingness to compete, intrinsic motivation, and self-confidence. We review how...

  8. Nuclear power economics

    International Nuclear Information System (INIS)

    Moynet, G.

    1987-01-01

    The economical comparison of nuclear power plants with coal-fired plants in some countries or areas are analyzed. It is not difficult to show that nuclear power will have a significant and expanding role to play in providing economic electricity in the coming decades. (Liu)

  9. Capabilities, economic development, sustainability

    Czech Academy of Sciences Publication Activity Database

    Fagerberg, J.; Srholec, Martin

    2017-01-01

    Roč. 41, č. 3 (2017), s. 905-926 ISSN 0309-166X R&D Projects: GA ČR GAP402/10/2310 Institutional support: RVO:67985998 Keywords : national innovation systems * growth * technology Subject RIV: AH - Economics OBOR OECD: Applied Economics, Econometrics Impact factor: 1.338, year: 2016

  10. Capabilities, economic development, sustainability

    Czech Academy of Sciences Publication Activity Database

    Fagerberg, J.; Srholec, Martin

    2017-01-01

    Roč. 41, č. 3 (2017), s. 905-926 ISSN 0309-166X Institutional support: Progres-Q24 Keywords : national innovation systems * growth * technology Subject RIV: AH - Economics OBOR OECD: Applied Economics, Econometrics Impact factor: 1.338, year: 2016

  11. Purposeful engineering economics

    CERN Document Server

    Chadderton, Ronald A

    2015-01-01

    This textbook/course supplement stands as a unique and highly original complement to the traditional engineering economics curriculum. Its primarily narrative approach conveys the essence of an “Austrian" economic perspective on cash flow analysis and decision making in engineering, without extensive tables and graphs, and requires very little mathematics. The book’s objective is to add a new perspective to the usual study of cash flow analysis and solely econometric engineering decision making. The author draws on the methodology of the Austrian Economists—a school of economic thought that bases its study of economic phenomena on the interpretation and analysis of the purposeful actions of individuals. The book includes an array of illustrative case studies examined in detail by the author and emphasizes the importance of market processes and price signals to coordinate engineering plans. Purposeful Engineering Economics is an ideal resource for students, teaching faculty, and practicing professional ...

  12. What is sustainability economics?

    Energy Technology Data Exchange (ETDEWEB)

    Baumgaertner, Stefan [Department of Sustainability Sciences, Leuphana University of Lueneburg (Germany); Department of Economics, Leuphana University of Lueneburg (Germany); Quaas, Martin [Department of Economics, University of Kiel (Germany)

    2010-01-15

    While economists have been contributing to the discussion of various aspects of sustainability for decades, it is just recently that the term 'sustainability economics' was used explicitly in the ecological, environmental, and resource economics community. Yet, the contributions that use the term 'sustainability economics' do not refer to any explicit definition of the term, and are not obviously joined by common or unifying characteristics, such as subject focus, methodology, or institutional background. The question thus arises: what is 'sustainability economics'? In this essay, we systematically define and delineate 'sustainability economics' in terms of its normative foundation, aims, subject matter, ontology, and genuine research agenda. (author)

  13. Social and economic vulnerability indicators for oil exporting countries: methodology and comparison analysis; Indicadores de vulnerabilidade socioeconomica para paises exportadores de petroleo: metodologia e analise comparativa

    Energy Technology Data Exchange (ETDEWEB)

    Jesus, Fernanda Delgado de

    2009-04-15

    The oil exporting countries can be vulnerable to this row-material as the oil importing ones, due to their social economic dependence of the revenues generated by the oil and gas sector. So, it is also important for those countries the analysis of their social economic vulnerability in order to contribute for the comprehension of their real actions related to their production strategies, aiming to affect oil price and market-share. Due to that, this thesis proposes a methodology based on social economic indicators of oil exporting countries, which will enclose the following aspects: physical, productive, commercial, macro economic, fiscal and social. These indicators will be applied to the OPEC members, Norway and Mexico, and orientated through a normalized scale as in a multicriteria methodology (AHP - Analytic Hierarchy Process). The analyzed results will drive the social economic implications, and the studied countries will be classified in a scale that goes from very favorable to very unfavorable. The results point the main social economic fragilities of the oil exporting countries, designing pathways to Brazil and their possible exporting ambitions. The most important considerations that became from the vulnerable oil export countries experiences refers to the necessity to straight and increases their macro economic foundations, industrial diversification incentives and the creation of an stabilization fund (based on oil revenues) for the future generations, or to severe oil prices oscillations periods in the international market (author)

  14. [Economic aspects of epilepsy].

    Science.gov (United States)

    Argumosa, A; Herranz, J L

    2000-06-01

    The economic magnitude of epilepsy is determined by its effect on the employment status of the patients, the cost of drug treatment for them and the healthcare system and the repercussion worldwide. Studies of the cost of the disease show that it has economic importance due to the sum of the direct and indirect costs caused by it. In the case of epilepsy, the results of studies in various countries led to the creation of a Commission on Economic Aspects of Epilepsy. The lack of epidemiological studies regarding epilepsy in Spain may explain the lack of publications on this subject in our country. The percentage of the total cost due to antiepileptic drugs is considerable and will probably increase in the future. The pharmaco-economic evaluation made by cost-benefit, cost-effectiveness, cost-usefulness analysis and studies to minimize costs should serve to use healthcare resources in the most effective manner and justify the rational use of the new antiepileptic drugs. The economic impact of epilepsy is added to the repercussion of the disease itself on the patient and his family. The different distribution of costs in children and adults with epilepsy suggest the need for intervention at an early age to try to reduce the long term economic and personal repercussions. The pharmaco-economic evaluation of the new antiepileptic drugs will make it clear whether their considerable cost is worth paying for their greater effectivity.

  15. Non-economic determinants of economic development: methodology and influence

    OpenAIRE

    Barashov, N.

    2011-01-01

    The paper deals with research methodology of non-economic determinants of economic development. The author considers various theoretical approaches to definition of economic growth factors. Considerable attention is given to studying possible influence of non-economic determinants on quality of economic development.

  16. ECONOMIC gROWTH, GLOBALIZATION AND TRADE

    OpenAIRE

    Nuno Carlos LEITÃO

    2012-01-01

    The purpose of this article is to investigate the relationship between economic growth, globalization and trade. The manuscript uses the assumptions of the economic growth exogenous and endogenous models. It introduces new proxies for explain the economic growth as in intra-industry trade, foreign direct investment and globalization index. The results indicate that economic growth is a dynamic process. The intra-industry has a positive impact on economic growth. This paper confirms relevan...

  17. Thermodynamics extends economics potentials

    Energy Technology Data Exchange (ETDEWEB)

    Bandura, Alexander V. [Kiev Technical Univ., Dept. of Marketing and Management, Kiev (Ukraine); Brodiansky, Victor M. [Moscow Energy Inst., Dept. of Cryogen Machines, Moscow (Russian Federation)

    2001-08-01

    In this paper we consider the use of exergy in economic valuation and its correlation with money. Exergy-based determination of production expenses provides a new base for 'natural' price determination. A new macroeconomic dynamics approach based on this correlation is proposed. This method is relatively general because it is not restricted by certain assumptions used in traditional economic analysis. The exergy model of macroeconomic dynamics was tested by utilizing data from the US economy. This test, covering a period of about 25 years, confirms this approach and opens new potentials in economic analysis. (Author)

  18. Economic evaluation of reprocessing

    International Nuclear Information System (INIS)

    1978-11-01

    This discussion paper first identifies the main factors which influence the economic assessment of reprocessing. It proposes the use of a diagram - the so-called ''phase diagram'' - which plots the fast reactor premium against the price of uranium. The diagram delineates areas where the once-through fuel cycle, thermal recycle and fast reactor will be the preferred choice from micro-economic considerations. The paper then goes on to consider the circumstances under which a country may or may not wish to introduce thermal recycle or fast reactors. Finally, a procedure for further discussion on economic considerations with WG4 is proposed

  19. Economic Selection Theory

    DEFF Research Database (Denmark)

    Knudsen, Thorbjørn

    2003-01-01

    principles of variation, continuity and selection, it is argued that economic selection theory should mimic the causal structure of neo-Darwinian theory. Two of the most influential explanations of economic evolution, Alchian's and Nelson and Winter's, are used to illustrate how this could be achieved.......The present article provides a minimal description of the causal structure of economic selection theory and outlines how the internal selection dynamics of business organisations can be reconciled with selection in competitive markets. In addition to generic similarity in terms of the Darwinian...

  20. International mineral economics

    International Nuclear Information System (INIS)

    Gocht, W.R.; Eggert, R.G.

    1988-01-01

    International Mineral Economics provides an integrated overview of the important concepts. The treatment is interdisciplinary, drawing on the fields of economics, geology, business, and mining engineering. Part I examines the technical concepts important for understanding the geology of ore deposits, the methods of exploration and deposit evaluation, and the activities of mining and mineral processing. Part II focuses on the economic and related concepts important for understanding mineral development, the evaluation of exploration and mining projects, and mineral markets and market models. Finally, Part III reviews and traces the historical development of the policies of international organizations, the industrialized countries, and the developing countries. (orig.)

  1. FDI- Economic Growth Nexus

    DEFF Research Database (Denmark)

    Bujac, Andreea Ioana; Corado Cretu, Emanuel

    2017-01-01

    Conducting a systematic literature review on the topic of FDI and Economic Growth and investigating this relationship, along with the determinants of an economy that attract FDI and the externalities resulting from Foreign activities, it is found that FDI does have a positive effect on a host...... country’s economic growth but only with the preexistence of certain determinants which facilitate the absorption capacity of the host country on reaping the spillover effects (externalities) of FDI. Lastly, a framework was built to illustrate the interaction between FDI, Determinants and condition...... of the host economy, barriers to growth, economic growth and externalities....

  2. School of Economic French

    Directory of Open Access Journals (Sweden)

    I. S. Franceva

    2014-01-01

    Full Text Available Economic French at MGIMO-University is based on the teaching methods developed by talented Methodist practitioner assistant professor L.L. Potushanskoy. She and her colleagues G.M. Kotova, N. Kolesnikova, I.A. Yudina created well-known in our country methodical complex of three textbooks. This complex is built on clear guidelines to facilitate the natural development of language skills "from simple to complex" and represents the effective approach to language learning: Currently, the department is constantly expanding its boundaries of school teaching economic and business of the French language in accordance with the emerging new special courses on the economics faculties.

  3. Economic bid evaluation

    International Nuclear Information System (INIS)

    Bode, T.

    1975-01-01

    When it is intended to install a new nuclear power station, the usual procedure is to invite for tenders. In due course, bids will be received from various manufacturers, out of which the most favourable one is then to be selected. Appraisal is concluded in the Economic Bid Evaluation, the purpose of which is to define the economically most favourable bid by comparing overall costs and benefits of the various alternatives. Thus, Economic Bid Evaluation is a most important instrument for deciding on award of contract. (orig.) [de

  4. Energy economics and supply

    International Nuclear Information System (INIS)

    Anon.

    1977-01-01

    This section of the book, Part I, consists of four chapters (1--4). Chapter 1, Energy and the Economic Future, covers the following subjects: general economics of energy; predicting energy demand; a model of energy and the economy; and interpretations. Chapter 2, Uranium and Fossil Fuel Supplies, covers the following subjects: uranium resources; oil and gas supplies; coal resources. Chapter 3, Economics of Nuclear Power, covers information on sources of uncertainty; cost of nuclear power; cost of coal-generated electricity. Chapter 4, Alternative Energy Sources, sums information on solar energy, geothermal energy, fusion power, conservation, and transmission

  5. Prevalence of carcass bruises as an indicator of welfare in beef cattle and the relation to the economic impact.

    NARCIS (Netherlands)

    Huertas, S.M.; van Eerdenburg, F.J.C.M.; Gil, A.; Piaggio, J.M.

    2015-01-01

    The objective of this work was to characterize bruises in bovine carcasses in Uruguay and to evaluate the economic impact. Thirteen abattoirs were visited during 2 years and bruises were identified, classified, and quantified by zone and degree (depth and size). One hundred carcasses were separated

  6. Indicators and Methods for Evaluating Economic, Ecosystem and Social Services Provisioning: A Human Well-being Index (HWBI) Research Product

    Science.gov (United States)

    The U.S. Human Well-being Index (HWBI) is a composite measure that incorporates economic, environmental, and societal well-being elements through the eight domains of connection to nature, cultural fulfillment, education, health, leisure time, living standards, safety and securit...

  7. Quantifying China's regional economic complexity

    Science.gov (United States)

    Gao, Jian; Zhou, Tao

    2018-02-01

    China has experienced an outstanding economic expansion during the past decades, however, literature on non-monetary metrics that reveal the status of China's regional economic development are still lacking. In this paper, we fill this gap by quantifying the economic complexity of China's provinces through analyzing 25 years' firm data. First, we estimate the regional economic complexity index (ECI), and show that the overall time evolution of provinces' ECI is relatively stable and slow. Then, after linking ECI to the economic development and the income inequality, we find that the explanatory power of ECI is positive for the former but negative for the latter. Next, we compare different measures of economic diversity and explore their relationships with monetary macroeconomic indicators. Results show that the ECI index and the non-linear iteration based Fitness index are comparative, and they both have stronger explanatory power than other benchmark measures. Further multivariate regressions suggest the robustness of our results after controlling other socioeconomic factors. Our work moves forward a step towards better understanding China's regional economic development and non-monetary macroeconomic indicators.

  8. Economics of nuclear power

    International Nuclear Information System (INIS)

    Reichle, L.F.C.

    1977-01-01

    Mr. Reichle feels that the economic advantages of pursuing nuclear power should prompt Congress and the administration to seek ways of eliminating undue delays and enabling industry to proceed with the design, construction, and management of nuclear plants and facilities. Abundant, low-cost energy, which can only be supplied by coal and nuclear, is vital to growth in our gross national product, he states. While conservation efforts are commendable, we must have more energy if we are to maintain our standard of living. Current energy resources projections into the next century indicate an energy gap of 42 quads with a 3 percent growth and 72 quads with a 4 percent growth. Comparisons of fuel prices, plant capital investment, and electric generation costs are developed for both coal and nuclear energy; these show that nuclear energy has a clear advantage economically as long as light water reactors are supplemented by breeder reactor development and the nuclear industry can demonstrate that these reactors are safe, reliable, and compatible with the environment. Mr. Reichle says excessive regulation and legal challenges combined with public apathy toward developing nuclear energy are delaying decisions and actions that should be taken now

  9. Anger Promotes Economic Conservatism.

    Science.gov (United States)

    Kettle, Keri L; Salerno, Anthony

    2017-10-01

    Research suggests that certain facets of people's political ideals can be motivated by different goals. Although it is widely accepted that emotions motivate goal-directed behavior, less is known about how emotion-specific goals may influence different facets of ideology. In this research, we examine how anger affects political ideology and through what mechanisms such effects occur. Drawing on the dual-process motivational model of ideology and the functionalist perspective of emotion, we propose that anger leads people to support conservative economic ideals, which promote economic independence and discourage societal resource sharing. Four studies support our hypothesis that anger can enhance support for an election candidate espousing conservative economic ideals. We find that anger shifts people toward economic conservatism by orienting them toward competition for resources. Implications and future research on the relationship between emotions and political ideology are discussed.

  10. Economic Development of Nigeria

    African Journals Online (AJOL)

    User

    variables of population, health centres, employment and capital water projects were ... reorganization and reorientation of entire economic and social systems. In addition, to ... inequality and eradication of poverty (Todaro and Smith 2006).

  11. China's Economic Conditions

    National Research Council Canada - National Science Library

    Morrison, Wayne M

    2008-01-01

    ... (the fastest annual growth since 1994). While China is expected to continue to enjoy rapid economic growth in the years ahead and could become the world's largest economy within a decade or so, it faces a number of challenges, including...

  12. Advances in mathematical economics

    CERN Document Server

    Yamazaki, Akira

    2005-01-01

    A lot of economic problems can be formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories. The series is designed to bring together those mathematicians who are seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking effective mathematical tools for their research. The editorial board of this series comprises the following prominent economists and mathematicians: Managing Editors: S. Kusuoka (Univ. Tokyo), T. Maruyama (Keio Univ.). Editors: R. Anderson (U.C. Berkeley), C. Castaing (Univ. Montpellier), F.H. Clarke (Univ. Lyon I), G. Debreu (U.C. Berkeley), E. Dierker (Univ. Vienna), D. Duffie (Stanford Univ.), L.C. Evans (U.C. Berkeley), T. Fujimoto (Okayama Univ.), J.-M. Grandmont...

  13. How economics shapes science

    National Research Council Canada - National Science Library

    Stephan, Paula E

    2012-01-01

    .... At a time when science is seen as an engine of economic growth, Paula Stephan brings a keen understanding of the ongoing cost-benefit calculations made by individuals and institutions as they compete...

  14. European Economic Integration

    Science.gov (United States)

    Huston, James A.

    1971-01-01

    Recounts the history and problems of European Economic Integration from the first post World War II organization, the OEEC, to the EEC (Common Market) and the EFTA. Suggestions for further reading are included. (JB)

  15. China's Economic Conditions

    National Research Council Canada - National Science Library

    Morrison, Wayne M

    2007-01-01

    .... China is expected to continue to enjoy rapid economic growth over the next several years, provided that it continues to implement needed reforms, particularly in regard to its inefficient state-owned...

  16. Buddhism, Business, and Economics

    DEFF Research Database (Denmark)

    Brox, Trine; Williams-Oerberg, Elizabeth Lane

    2017-01-01

    This chapter takes the relationship that Buddhists have historically had with economic practices as a starting point for discussing contemporary entanglements of Buddhism and economy. Based on a literary review of previous studies on Buddhism and business and building upon our own research, we...... analyze the diverse range of influences that have impacted the manner in which Buddhism and business have been entwined, taking a look at historical as well as regional, national, and global impacts on the formulation of Buddhism within encounters with global market economies. Our review spans lay......-monk exchange relations, Buddhist economic ethics, monastic businesses, spiritual consumerism, globalized Buddhism, secularized Buddhist technologies in the corporate world, and Buddhist branding, all of which testify to the diverse modalities of Buddhism and economic relations, illuminating also the economic...

  17. Effect of economic indicators and uncertainties on the selection of a production strategy; Analise da influencia de indicadores economicos e incertezas na escolha da estrategia de producao

    Energy Technology Data Exchange (ETDEWEB)

    Neves, Fabio Rodrigues; Schiozer, Denis J. [Universidade Estadual de Campinas, SP (Brazil). Faculdade de Engenharia Mecanica. Dept. de Engenharia de Petroleo; Suslick, Saul B. [Universidade Estadual de Campinas, SP (Brazil). Inst. de Geociencias

    2004-07-01

    The decision of a firm to make investments on petroleum fields depends on the expected economic performance and on the firm economics context and on country economic and regulatory constraints. Traditionally, the Net Present Value (NPV) has being used for decision criterion as a measure of profitability of investments. The other indicators are used to help investment decision, because, according to the priorities established by the firm, only one indicator may not be sufficient. On this paper we will show production strategies considering a set of economic indicators: NPV, actualized Np, Return on investment (ROI), Equivalent Present Value (EPV), Cost Benefit, and NPV/Np ratio. The use of different economic indicators permits capture different aspects from in a decision process, i.e., each indicator or a set of economic measures may result in a different perspective, that will influence the decision manager. It is important to emphasize the use of more than one indicators may been advantageous, mainly on oil reservoirs that present high level of uncertainties. The presented application is related to the choice of the production strategy of a petroleum field. The indicators are used to evaluate the performance of the field and of the production and injection wells. A sensitivity analysis was performed in order to show the use of indicators on uncertain scenarios (oil prices, taxes, etc). The results show that the use of various indicators proportionate a decision taking with a lesser risk, as well as makes possible to capture other project characteristics which not always can be represented by the traditional use of NPV. (author)

  18. Walter Isard's Contributions to Environmental Economics and Ecological Economics

    NARCIS (Netherlands)

    Rose, Adam; Folmer, Henk; Nijkamp, Peter

    This article summarizes Walter Isard's important contributions to environmental economics and ecological economics. The former is the traditional field that incorporates some limited aspects of the environment into neoclassical economic theory, while the latter is a more comprehensive integration of

  19. Prevalence of carcass bruises as an indicator of welfare in beef cattle and the relation to the economic impact.

    Science.gov (United States)

    Huertas, Stella M; van Eerdenburg, Frank; Gil, Andrés; Piaggio, José

    2015-07-01

    The objective of this work was to characterize bruises in bovine carcasses in Uruguay and to evaluate the economic impact. Thirteen abattoirs were visited during 2 years and bruises were identified, classified, and quantified by zone and degree (depth and size). One hundred carcasses were separated and bruises were cut out and weighed separately. From a total of 15 157 carcasses observed, 60.0% had at least one bruise; 42.0% of these had bruises on both sides. The expensive butt zone was the most damaged, followed by rib, shoulder and loin, respectively. The mean weight and standard error of the condemned trimmed meat was 1602 ± 212 g. It suppose a loss of 899 g per animal slaugtered in Uruguay. In a country sending 2.5 million heads of cattle to be slaughter yearly, this indicates an important financial loss. Improving transport conditions and personnel skills will probably result in a better welfare for the animals as well as better financial profit.

  20. Overweight and weight dissatisfaction related to socio-economic position, integration and dietary indicators among south Asian immigrants in Oslo.

    Science.gov (United States)

    Råberg, Marte; Kumar, Bernadette; Holmboe-Ottesen, Gerd; Wandel, Margareta

    2010-05-01

    To investigate how socio-economic position, demographic factors, degree of integration and dietary indicators are related to BMI/waist:hip ratio (WHR) and to weight dissatisfaction and slimming among South Asians in Oslo, Norway. Cross-sectional study consisting of a health check including anthropometric measures and two self-administered questionnaires. Oslo, Norway. Pakistanis and Sri Lankans (n 629), aged 30-60 years, residing in Oslo. BMI was positively associated with female gender (P = 0.004) and Pakistani origin (P integration (measured by a composite index, independent of duration of residence; P = 0.017). One-third of those with normal weight and most of those obese were dissatisfied with their weight. Among these, about 40 % had attempted to slim during the past year. Dissatisfaction with weight was positively associated with education in women (P = 0.006) and with integration in men (P = 0.026), and inversely associated with physical activity (P = 0.044) in men. Women who had made slimming attempts had breakfast and other meals less frequently than others (P < 0.05). Weight dissatisfaction exists among South Asian immigrants. More research is needed regarding bodily dissatisfaction and the relationship between perception of weight and weight-change attempts among immigrants in Norway, in order to prevent and treat both obesity and eating disorders.

  1. R-Matrix Analysis of Structures in Economic Indices: from Nuclear Reactions to High-Frequency Trading

    International Nuclear Information System (INIS)

    Firk, Frank W K

    2014-01-01

    It is shown that the R-matrix theory of nuclear reactions is a viable mathematical theory for the description of the fine, intermediate and gross structure observed in the time-dependence of economic indices in general, and the daily Dow Jones Industrial Average in particular. A Lorentzian approximation to R-matrix theory is used to analyze the complex structures observed in the Dow Jones Industrial Average on a typical trading day. Resonant structures in excited nuclei are characterized by the values of their fundamental strength function, (average total width of the states)/(average spacing between adjacent states). Here, values of the ratios (average lifetime of individual states of a given component of the daily Dow Jones Industrial Average)/(average interval between the adjacent states) are determined. The ratios for the observed fine and intermediate structure of the index are found to be essentially constant throughout the trading day. These quantitative findings are characteristic of the highly statistical nature of many-body, strongly interacting systems, typified by daily trading. It is therefore proposed that the values of these ratios, determined in the first hour-or-so of trading, be used to provide valuable information concerning the likely performance of the fine and intermediate components of the index for the remainder of the trading day

  2. Essays in environmental economics

    OpenAIRE

    Stoerk, Thomas,

    2017-01-01

    The first chapter of the dissertation examines the learning process that economic agents use to update their expectation of an uncertain and infrequently observed event. The standard Bayesian updating model is restrictive in that it reflects the strong neo-classical assumption that economic agents efficiently incorporate new information with all available information when updating beliefs. I consider the case of flooding and estimate the effect of first-hand experience on flood insurance ta...

  3. The Economics of Starvation

    DEFF Research Database (Denmark)

    Stahl, Rune Møller

    2016-01-01

    Stahl investigates the role of liberal economics in the formulation of the disastrous famine policy of the British colonial administration in nineteenth-century India, where millions of Indians starved to death in a series of famines. The chapter examines the influential debates around the Great....... The hegemonic position of free trade ideas and economic liberalism allowed for proponents of a hard laissez-faire line to mobilize considerable intellectual resources, from Adam Smith to Ricardo, to overcome humanitarian critiques....

  4. Introduction to Economic Analysis

    OpenAIRE

    R. Preston McAfee

    2005-01-01

    This book presents introductory economics ("principles") material using standard mathematical tools, including calculus. It is designed for a relatively sophisticated undergraduate who has not taken a basic university course in economics. It also contains the standard intermediate microeconomics material and some material that ought to be standard but is not. The book can easily serve as an intermediate microeconomics text. The focus of this book is on the conceptual tools and not on fluff. M...

  5. Rethinking Development Economics

    OpenAIRE

    Joseph E. Stiglitz

    2011-01-01

    "Twelve years ago, when I was chief economist of the World Bank, I suggested that the major challenge to development economics was learning the lessons of the previous several decades: a small group of countries, mostly in Asia, but a few in other regions, had had phenomenal success, beyond anything that had been anticipated by economists; while many other countries had experienced slow growth, or even worse, stagnation and decline—inconsistent with the standard models in economics which pred...

  6. Personality Psychology and Economics

    OpenAIRE

    Almlund, Mathilde; Duckworth, Angela Lee; Heckman, James J.; Kautz, Tim

    2011-01-01

    This paper explores the power of personality traits both as predictors and as causes of academic and economic success, health, and criminal activity. Measured personality is interpreted as a construct derived from an economic model of preferences, constraints, and information. Evidence is reviewed about the "situational specificity" of personality traits and preferences. An extreme version of the situationist view claims that there are no stable personality traits or preference parameters tha...

  7. Metaphor and economic thought

    DEFF Research Database (Denmark)

    Mouton, Nicolaas T.O.

    2012-01-01

    the biological sciences of their time. If we track the evolution of “economic biology” over time, it turns out that most extensions and elaborations of the metaphor carry subtle but strong traces of their approximate historical provenance. More generally, a historical perspective enables one to see the metaphors...... underlying economic reasoning as flexible and dynamic processes, rather than as fixed and static systems....

  8. Armenia's Economic Growth Sustainability

    OpenAIRE

    Hayakawa, Tatsuji

    2015-01-01

    Armenia enjoyed 15 years of uninterrupted high economic growth prior to the global financial crisis in 2009. Investment, particularly in the mining and metallurgy sectors, played a key role as a driver of economic growth. Remittances,mostly from Russia, had an effect in sustaining consumption and boosting construction. Armenia has shown some weaknesses in the external sector, due to demands for natural gas, mineral products, machinery, and equipment. Armenia's exports and FDI suffer from the ...

  9. Economics of Metal Markets

    OpenAIRE

    Tilton, J.E.

    1984-01-01

    Simple economic principles can provide useful insights into the behavior of metal markets. In applying these principles, however, the analyst must take into account technology, market structure, government policies, and other institutional factors influencing the nature of metal supply and demand. Knowledge of both economics and the metal markets is essential. One without the other is likely to lead to sterile or even misleading results. In support of the above conclusion, this study exa...

  10. Sraffa and ecological economics

    OpenAIRE

    Verger, Yoann

    2015-01-01

    References to Sraffa and to the neo-Ricardian school is something quite customary in ecological economics. By looking at contributions in this area since the beginning of ecological economics and at contributions on environmental problem from the neo-Ricardian school, we see that a connection between both school still has to be made. This connection should be articulated around the initial aim of Sraffa: to develop a new paradigm, competing against the neoclassical one. Only then it will be p...

  11. The Ghanaian Economic Recovery

    Science.gov (United States)

    2013-12-01

    NY.GDP.MKTP.KD.ZG. 2 Only Syria, Zambia , Myanmar, and Algeria had slower growth rates in 1966. 3 Ferdinand Bakoup, Republic of Ghana Country Strategy Paper (Accra...available economic data from the World Bank (1961 to 2011). During that time, Ghana’s GDP growth rate deviated significantly from the regional growth rate...quantitative controls, and reduce taxes on agriculture. See Ho-Won Jeong, “Ghana: Lurching Toward Economic Rationality,” World Affairs 159, no. 2

  12. Thermodynamics and economics

    International Nuclear Information System (INIS)

    Mansson, B.A.

    1990-01-01

    Economics, as the social science most concerned with the use and distribution of natural resources, must start to make use of the knowledge at hand in the natural sciences about such resources. In this, thermodynamics is an essential part. In a physicists terminology, human economic activity may be described as a dissipative system which flourishes by transforming and exchanging resources, goods and services. All this involves complex networks of flows of energy and materials. This implies that thermodynamics, the physical theory of energy and materials flows, must have implications for economics. On another level, thermodynamics has been recognized as a physical theory of value, with value concepts similar to those of economic theory. This paper discusses some general aspects of the significance of non-equilibrium thermodynamics for economics. The role of exergy, probably the most important of the physical measures of value, is elucidated. Two examples of integration of thermodynamics with economic theory are reviewed. First, a simple model of a steady-state production system is sued to illustrate the effects of thermodynamic process constraints. Second, the framework of a simple macroeconomic growth model is used to illustrate how some thermodynamic limitations may be integrated in macroeconomic theory

  13. Economic analysis model for total energy and economic systems

    International Nuclear Information System (INIS)

    Shoji, Katsuhiko; Yasukawa, Shigeru; Sato, Osamu

    1980-09-01

    This report describes framing an economic analysis model developed as a tool of total energy systems. To prospect and analyze future energy systems, it is important to analyze the relation between energy system and economic structure. We prepared an economic analysis model which was suited for this purpose. Our model marks that we can analyze in more detail energy related matters than other economic ones, and can forecast long-term economic progress rather than short-term economic fluctuation. From view point of economics, our model is longterm multi-sectoral economic analysis model of open Leontief type. Our model gave us appropriate results for fitting test and forecasting estimation. (author)

  14. Economic assessment of sterifeed process

    International Nuclear Information System (INIS)

    Mat Rasol Awang; Hassan Hamdani Mutaat

    2004-01-01

    The economics of a processing technology depends on its cost. Two types of costs commonly used in the estimation are a fixed cost and the other is variable cost. The cost structure that included in the fixed cost, mainly, the cost of land, building and machineries, and the variable cost covers raw materials, salary / wages, utilities, irradiation charge, other miscellaneous expenses and contingencies. The assessment were made by treating the economic data using discounted cash flow projection method to deduce the economic indicators: Net Present Value (NPV), Internal Rate of Return (IRR), Benefit to Cost (B/C) ratio, that would suggest the project feasibility, either feasible or otherwise. The NPV, IRR, B/C deduced from Sterifeed Process showed the economic of this technology was infeasible due high cost incurred in transportation, labour as well as the cost of machinery. This is accomplished by sensitivity test performed on these cost components. However, cost structure derived from Sterifeed Plant serves as a model cost structure for economic assessment in production of Sterifeed, a fermented ruminant feed, and to work further on the economic of the project. This paper discuss economic evaluation of Sterifeed process in different scenarios that carried out in the Sterifeed process operations and deduction were made to derive a model production unit for commercialisation. (Author)

  15. Key economic sectors and services

    NARCIS (Netherlands)

    Arent, Douglas J.; Tol, Richard S.J.; Faust, Eberhard; Hella, Joseph P.; Kumar, Surender; Strzepek, Kenneth M.; Tóth, Ferenc L.; Yan, Denghua; Abdulla, Amjad; Kheshgi, Haroon; Xu, He; Ngeh, Julius

    2015-01-01

    Introduction and Context This chapter discusses the implications of climate change on key economic sectors and services, for example, economic activity. Other chapters discuss impacts from a physical, chemical, biological, or social perspective. Economic impacts cannot be isolated; therefore, there

  16. Economic integration in the Americas

    OpenAIRE

    Uitdewilligen, G.

    1997-01-01

    This pioneering study shows that economic integration in the Americas is not simply a matter of removing trade barriers. Economic Integration in the Americas addresses the pervasive effects of economic integration on the economy as a whole.

  17. AFRICAN JOURNAL OF ECONOMIC REVIEW

    African Journals Online (AJOL)

    Dr Kazungu

    regional trade and the region's economic growth remain unknown. ... knowledge, and therefore, contributes to innovation and economic growth. ... The role of agricultural sector in economic development and welfare improvement in EAC states.

  18. Economic Facts of Life Needed by Entrepreneurs.

    Science.gov (United States)

    Clow, John E.

    1984-01-01

    Discusses the need for entrepreneurs to understand basic economics principles. Indicates that business education has a role in preparing entrepreneurs in marketing, management, and accounting. Lists key economic generalizations that individuals should understand before assuming the role of entrepreneur. (JOW)

  19. Recent Developments in Ecological Economics

    DEFF Research Database (Denmark)

    Reader with published articles within the field of ecological economics, mostly from 1997 - 2007......Reader with published articles within the field of ecological economics, mostly from 1997 - 2007...

  20. On Forecasting Macro-Economic Indicators with the Help of Finite-Difference Equations and Econometric Methods

    Directory of Open Access Journals (Sweden)

    Polshkov Yulian M.

    2013-11-01

    Full Text Available The article considers data on the gross domestic product, consumer expenditures, gross investments and volume of foreign trade for the national economy. It is assumed that time is a discrete variable with one year iteration. The article uses finite-difference equations. It considers models with a high degree of the regulatory function of the state with respect to the consumer market. The econometric component is based on the hypothesis that each of the above said macro-economic indicators for this year depends on the gross domestic product for the previous time periods. Such an assumption gives a possibility to engage the least-squares method for building up linear models of the pair regression. The article obtains the time series model, which allows building point and interval forecasts for the gross domestic product for the next year based on the values of the gross domestic product for the current and previous years. The article draws a conclusion that such forecasts could be considered justified at least in the short-term prospect. From the mathematical point of view the built model is a heterogeneous finite-difference equation of the second order with constant ratios. The article describes specific features of such equations. It illustrates graphically the analytical view of solutions of the finite-difference equation. This gives grounds to differentiate national economies as sustainable growth economies, one-sided, weak or being in the stage of successful re-formation. The article conducts comparison of the listed types with specific economies of modern states.

  1. Modularity and Economic Organization

    DEFF Research Database (Denmark)

    Sanchez, Ron; Mahoney, Joseph T.

    This paper addresses modularity as a basis for organizing economic activity. We first define the key concepts of architecture and of modularity as a special form of architecture. We then suggest how modular systems of all types may exhibit several properties of fundamental importance to the organ......This paper addresses modularity as a basis for organizing economic activity. We first define the key concepts of architecture and of modularity as a special form of architecture. We then suggest how modular systems of all types may exhibit several properties of fundamental importance...... to the organization of economic activities, including greater adaptability and evolvability than systems that lack modular properties. We draw extensively on our original 1996 paper on modularity and subsequent research to suggest broad theoretical implications of modularity for (i) firms' product strategies...... markets. We also discuss an evolutionary perspective on modularity as an emergent phenomenon in firms and industries. We explain how modularity as a relatively new field of strategy and economic research may provide a new theoretical perspective on economic organizing that has significant potential...

  2. Complexity of Economical Systems

    Directory of Open Access Journals (Sweden)

    G. P. Pavlos

    2015-01-01

    Full Text Available In this study new theoretical concepts are described concerning the interpretation of economical complex dynamics. In addition a summary of an extended algorithm of nonlinear time series analysis is provided which is applied not only in economical time series but also in other physical complex systems (e.g. [22, 24]. In general, Economy is a vast and complicated set of arrangements and actions wherein agents—consumers, firms, banks, investors, government agencies—buy and sell, speculate, trade, oversee, bring products into being, offer services, invest in companies, strategize, explore, forecast, compete, learn, innovate, and adapt. As a result the economic and financial variables such as foreign exchange rates, gross domestic product, interest rates, production, stock market prices and unemployment exhibit large-amplitude and aperiodic fluctuations evident in complex systems. Thus, the Economics can be considered as spatially distributed non-equilibrium complex system, for which new theoretical concepts, such as Tsallis non extensive statistical mechanics and strange dynamics, percolation, nonGaussian, multifractal and multiscale dynamics related to fractional Langevin equations can be used for modeling and understanding of the economical complexity locally or globally.

  3. Narrative and Institutional Economics

    Directory of Open Access Journals (Sweden)

    Vyacheslav V. Volchik

    2017-12-01

    Full Text Available This article addresses a range of questions associated with the occurrence of a new field of study – narrative economics, which is considered in the context of modern institutionalism. Pioneering works of R. Shiller, G. Akerlof and D. Snower spotlighted the importance of analyzing narratives and narrative influence when studying economic processes. In this paper, a qualitative study of narratives is seen through the prism of an answer to the question: «How do prescribed narratives influence institutions and change them? ». Narratives have much in common with institutions since very often, explicitly or implicitly, they contain value judgements about social interactions or normative aspects shaping behavioral patterns. The identification of dominating narratives enables us to understand better how institutions influence economic (social action. Repeated interactions among social actors are structured through understanding and learning the rules. Understanding of social rules comes from the language – we articulate and perceive the rules drawing on common narratives. Narratives and institutions are helpful when actors gain knowledge about various forms of social communication. Digital technologies, mass media and social networking sites facilitate the spread of narratives, values and beliefs; this process is characterized by increasing returns. Studying narratives and institutions is crucial for modern economic theory because it helps to improve qualitative and quantitative methods of analyzing empirical evidence and enables researchers to understand complex economic processes.

  4. How robust is the relationship between economic freedom and economic growth?

    NARCIS (Netherlands)

    Sturm, JE; De Haan, J

    Using various indicators for economic freedom, it is shown that increases in economic freedom are robustly related to economic growth. This conclusion holds even if the impact of outlying observations is taken into account. The level of economic freedom is not related to growth.

  5. Blue Growth and Economics

    Directory of Open Access Journals (Sweden)

    Phoebe eKoundouri

    2015-11-01

    Full Text Available Oceans and seas represent over 70% of the earth's surface. Furthermore, living aquatic resources can provide a significant contribution to food, energy and bio-based products. However, marine ecosystems are subject to increasing pressures and competing usages, resulting from resources over-exploitation and pollution. In order to produce efficient marine management plans, it is essential to consider the total economic value provided by the marine ecosystems. In this review, we are focusing on the Marine Framework Strategy Directive and the European Marine Spatial Planning that are established for the protection and efficient use of the marine area. We present the ecosystem services approach with regards to the marine ecosystem and propose economic methods that capture the marine ecosystem’s total economic value in relation to the opportunity cost of marine space. Values should be used to guide policy makers following the European directives and initiatives.

  6. Discounting in Economic Evaluations.

    Science.gov (United States)

    Attema, Arthur E; Brouwer, Werner B F; Claxton, Karl

    2018-05-19

    Appropriate discounting rules in economic evaluations have received considerable attention in the literature and in national guidelines for economic evaluations. Rightfully so, as discounting can be quite influential on the outcomes of economic evaluations. The most prominent controversies regarding discounting involve the basis for and height of the discount rate, whether costs and effects should be discounted at the same rate, and whether discount rates should decline or stay constant over time. Moreover, the choice for discount rules depends on the decision context one adopts as the most relevant. In this article, we review these issues and debates, and describe and discuss the current discounting recommendations of the countries publishing their national guidelines. We finish the article by proposing a research agenda.

  7. Econophysics and physical economics

    CERN Document Server

    Richmond, Peter; Hutzler, Stefan

    2013-01-01

    An understanding of the behaviour of financial assets and the evolution of economies has never been as important as today. This book looks at these complex systems from the perspective of the physicist. So called 'econophysics' and its application to finance has made great strides in recent years. Less emphasis has been placed on the broader subject of macroeconomics and many economics students are still taught traditional neo-classical economics. The reader is given a general primer in statistical physics, probability theory, and use of correlation functions. Much of the mathematics that is developed is frequently no longer included in undergraduate physics courses. The statistical physics of Boltzmann and Gibbs is one of the oldest disciplines within physics and it can be argued that it was first applied to ensembles of molecules as opposed to being applied to social agents only by way of historical accident. The authors argue by analogy that the theory can be applied directly to economic systems comprising...

  8. Statistics for economics

    CERN Document Server

    Naghshpour, Shahdad

    2012-01-01

    Statistics is the branch of mathematics that deals with real-life problems. As such, it is an essential tool for economists. Unfortunately, the way you and many other economists learn the concept of statistics is not compatible with the way economists think and learn. The problem is worsened by the use of mathematical jargon and complex derivations. Here's a book that proves none of this is necessary. All the examples and exercises in this book are constructed within the field of economics, thus eliminating the difficulty of learning statistics with examples from fields that have no relation to business, politics, or policy. Statistics is, in fact, not more difficult than economics. Anyone who can comprehend economics can understand and use statistics successfully within this field, including you! This book utilizes Microsoft Excel to obtain statistical results, as well as to perform additional necessary computations. Microsoft Excel is not the software of choice for performing sophisticated statistical analy...

  9. ENTREPRENEURSHIP AND ECONOMIC PERFORMANCE

    Directory of Open Access Journals (Sweden)

    HORAŢIU ŞOIM

    2013-12-01

    Full Text Available The problems of wealth and economic performance are old but despite their importance we have not a final answer on them. Besides the standard production factors usually stresed when we analyze economic performance and growth, land, labor and capital, we approach institutions in general and entrepreneurial culture in particular. In this paper we analyze the relationship between entreprenurship, defined by many dimensions derived from the study „Entrepreneurship in the EU and beyond.” requested by European Comission to the Gallup Internaitional, and economic performance measured by GDP/capita. The results show that countries where there is a strong entrepreneurial culture that promote initiative, opportunity seeking, risk taking aare doing better in terms of development level and wealth. At the same time the countries where the entrepreneurs have a good image in society, and thus promote entrepreneurship, are doing beter than the other countries.

  10. Externality or sustainability economics?

    International Nuclear Information System (INIS)

    Bergh, Jeroen C.J.M. van den

    2010-01-01

    In an effort to develop 'sustainability economics' Baumgaertner and Quaas (2010) neglect the central concept of environmental economics-'environmental externality'. This note proposes a possible connection between the concepts of environmental externality and sustainability. In addition, attention is asked for other aspects of 'sustainability economics', namely the distinction weak/strong sustainability, spatial sustainability and sustainable trade, distinctive sustainability policy, and the ideas of early 'sustainability economists'. I argue that both sustainability and externalities reflect a systems perspective and propose that effective sustainability solutions require that more attention is given to system feedbacks, notably other-regarding preferences and social interactions, and energy and environmental rebound. The case of climate change and policy is used to illustrate particular statements. As a conclusion, a list of 20 insights and suggestions for research is offered. (author)

  11. Cold source economic study

    International Nuclear Information System (INIS)

    Fuster, Serge.

    1975-01-01

    This computer code is intended for the statement of the general economic balance resulting from using a given cold source. The balance includes the investments needed for constructing the various materials, and also production balances resulting from their utilization. The case of either using an open circuit condenser on sea or river, or using air cooling systems with closed circuits or as auxiliaries can be dealt with. The program can be used to optimize the characteristics of the various parts of the cold source. The performance of the various materials can be evaluated for a given situation from using very full, precise economic balances, these materials can also be classified according to their possible uses, the outer constraints being taken into account (limits for heat disposal into rivers or seas, water temperature, air temperature). Technical choices whose economic consequences are important have been such clarified [fr

  12. Economic impacts study

    Energy Technology Data Exchange (ETDEWEB)

    Brunsen, W.; Worley, W.; Frost, E.

    1988-09-30

    This is a progress report on the first phase of a project to measure the economic impacts of a rapidly changing U.S. target base. The purpose of the first phase is to designate and test the macroeconomic impact analysis model. Criteria were established for a decision-support model. Additional criteria were defined for an interactive macroeconomic impact analysis model. After a review of several models, the Economic Impact Forecast System model of the U.S. Army Construction Research Laboratory was selected as the appropriate input-output tool that can address local and regional economic analysis. The model was applied to five test cases to demonstrate its utility and define possible revisions to meet project criteria. A plan for EIFS access was defined at three levels. Objectives and tasks for scenario refinement are proposed.

  13. Privatization in economic theory

    Directory of Open Access Journals (Sweden)

    Drakić Maja

    2007-01-01

    Full Text Available In reality privatization has never occurred according to the handbook rules of ordinary market transactions. Not even in advanced market economies can privatization transactions be described by the Walrasian or Arrowian, or Leontiefian equilibrium models, or by the equilibrium models of the game theory. In these economies transactions of privatization take place in a fairly organic way – which means that those are driven by the dominance of private property rights and in a market economy. But despite this fact Western privatization also some peculiar features as compared to ordinary company takeovers, since the state as the seller may pursue non – economic goals. Changes in the dominant form of property change positions and status of many individuals and groups in the society. That’s why privatization can even less be explained by ordinary market mechanisms in transition countries where privatizing state-owned property have happened in a mass scale and where markets and private property rights weren't established at the time process of privatization began. In this paper I’ll discuss and analyze the phenomenon of privatization in context of different economic theories arguing that empirical results go in favor of the public choice theory (Buchanan, 1978, theory of "economic constitution" (Brennan and Buchanan 1985, (Buchanan and Tullock, 1989, and theory of "collective action" (Olson, 1982. These theories argues that transition from one economic system into another, for example transition from collectivistic, socialistic system into capitalism and free market economy with dominant private property, will not happen through isolated changes of only few economic institutions, no matter how deep that changes would be. In other words privatization can not give results if it's not followed by comprehensive change of economic system because privatized companied wouldn't be able to operate in old environment.

  14. Water Economics and Policy

    Directory of Open Access Journals (Sweden)

    Julio Berbel

    2017-10-01

    Full Text Available Economics plays a double role in the field of water management, firstly as a powerful analytical tool supporting water allocation and policy decisions, and secondly in the form of policy instruments (water pricing, markets, etc.. This Special Issue presents a platform for sharing results connecting excellent interdisciplinary research applied to different regional and sectoral problems around the world. The 22 peer-reviewed papers collected in this Special Issue have been grouped into five broad categories: Water valuation and accounting; Economic instruments; Cost effectiveness and cost-benefit analysis; and Water productivity and Governance. They are briefly presented.

  15. ECONOMIC EQUALITY OR JUSTICE

    Directory of Open Access Journals (Sweden)

    Ekrem Tufan

    2017-12-01

    Full Text Available From the beginning of economic life, equality has been a matter for human. Intrinsically human has two legs: Selfish and Groupish. Our selfish side does not care equality while Groupish side cares. What about the justice? Does human wants justice more than equalities in economic life? In this research, we have applied a questionnaire to find these two questions answer. As a result we can report that respondents prefer equality rather than justice in negative outcomes. On the other hand, they tend to prefer justice if there is possibility for positive outcomes. We cannot give evidence about gender, education and age differences effect on equality and justice preference.

  16. Economics of windpumps

    Energy Technology Data Exchange (ETDEWEB)

    Reddy, A.K.N.

    1982-01-01

    To determine whether there is a prima facie case for considering windpumps, it is necessary to start from the area to be irrigated, the type of crop and the number of crops per year. From this data, an approximation can be made of the annual irrigation-water requirements of the crop (over and above the natural rainfall). An economic assessment is made of windpumps. The choice of the scale or size of windpumps and the general techniques for assessing the economic worth of investments are presented. The application of these techniques to the evaluation of a particular windpump and a comparison of windpumping with other modes of pumping are presented.

  17. Economic evaluation of reprocessing

    International Nuclear Information System (INIS)

    1979-02-01

    This paper presents a progress report of work undertaken relevant to the economic evaluation of reprocessing. It sets out the assumptions to be made for the preparation of the economic ''phase diagram'' - a plot of fast reactor premium against uranium (U 3 O 8 ) price. The paper discusses the assumptions to be made in respect of present worth methodology, LWR fuel logistics, U 3 O 8 price, enrichment tails, plutonium values, fast reactor premium and proposes a set of reference costs to be used for the preparation of the phase diagram

  18. Sector Economic Outlook. Energy

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-04-15

    The energy sector is a key driver of the economic pillar of Vision 2030. As the economy grows, urbanization intensifies and incomes increase, corporate and household demand for energy also rises. To meet this growth in demand for energy, the sector needs to increase investments and diversify into more sources of energy such as geothermal and wind power. It is therefore critical that focus is directed towards development and sustainability of the energy sector to ensure delivery of least cost power that will improve Kenya's competitiveness and achieve the Vision 2030 objective of 10% average annual economic growth.

  19. Economics and the environment

    International Nuclear Information System (INIS)

    Alm, A.L.

    1991-01-01

    There is no reason to believe that strict environmental controls are inconsistent with economic well-being and competitiveness. In fact, firms in nations with tough standards have a competitive edge. They have already made some of the capital investments, are finding ways to eliminate wastes, and are developing exportable technologies and skills. The economic argument in the US should not be focused on how pollution control affects the domestic economy. It should be focused on how we can create a framework for technological innovation to solve problems more efficiently and effectively and then to actively propel this innovation into global markets

  20. Utilitarianism & Welfare Economics

    OpenAIRE

    Yoshizawa,Masayasu

    1992-01-01

    §1 Characteristics of Utilitarianism §2 Bentham's Ethical Theory §3 Faults of Bentham's Ethical Theory Ⅱ Pigou's The Economics of Welfare §4 The National Dividend and the Condition of Maximizing It §5 Three Questions Concerning Income Distribution §6 The National Dividend and Labor's Real Income Ⅲ The New Welfare Economics §7 Law of Diminishing Marginal Utility and Income Redistribution §8 Hicks and the New Welfare Economics §9 Feast and Starvation Ⅳ Income Distribution, Market, and Economic ...

  1. Regional Economic Growth; Socio-Economic Disparities among Counties

    Directory of Open Access Journals (Sweden)

    Salih Özgür SARICA

    2014-12-01

    Full Text Available State level economy has always been relying on its major metropolitan area’s economic success. So, such metropolitan agglomerations have been considered the only agents that can foster the state’s economic standing as if other economic places do (or may not have significant contribution to the regional economy. In contrast, as some major cities enhance their economic well-being and agglomerate in specialized sector, the rest of the region lose their economic grounds or stay constant by widening the economic gap among cities. Therefore, an institutional approach can help to establish new regional arrangements to substitute all economic places to coordinate each other and succeed the economic growth as part of state government by reducing the disparities. In this sense, this study builds upon the inquiry that seeks the impacts of some economic disparities among economic places (counties on the performances of state level regional economy.

  2. [Sustainable development of the three economic patterns in China: The application of genuine progress indicator in the sustainability assessment of six typical cities.

    Science.gov (United States)

    Li, Jing; Huang, Lu; Yan, Li Jiao

    2016-06-01

    Three economic patterns, i.e., Zhujiang Model, Wenzhou Model and Sunan Model, were all generated in the developed areas of China. Sustainability assessment of those areas plays an important role in guiding future development of the economy of China. Genuine progress indicator (GPI) was adopted in this study to evaluate the sustainability of 6 typical cities (Guangzhou, Shenzhen, Wenzhou, Suzhou, Wuxi, and Changzhou) of the three economic patterns from 1995 to 2012. During the study period, the values of GDP for the six cities had experienced exponential growth, while the values of GPI started to increase since 2005 after a relatively constant period between 1995 and 2005. The gap between GPI and GDP had been widening from a historical perspective. Zhujiang Model made great progress in economic growth, however, the economic, social, and environmental costs were evident. It should tackle income inequality, traffic jam, and environmental pollution to reach sustainability. The development of Wenzhou Model slowed down in the late pe-riod, with inadequate potential to develop. Its income inequality was tough, social and economic development was slow, and the economic development pattern needed to be urgently changed. Sunan Model had a higher value of GPI and the potential to reach sustainability, with remarkable growth of economy, median level of the GPI costs, and steady improvement of social development, although its natural resources were depleted. Three economic patterns should focus on the three dimensions of sustainability (economy, environment, and society), and Zhujiang Model and Wenzhou Model needed to be more active to search for transition of their development.

  3. Economic Citizenship and Socio-Economic Rationality as Foundations of an Appropriate Economic Education

    Directory of Open Access Journals (Sweden)

    Christoph Schank

    2014-10-01

    Full Text Available In this article we argue that social science education needs to convey more than operational mechanisms of society. Especially in socio-economic education, questions of business ethics, i.e. phenomena of economics and society need to be integrated and reflected, decidedly focusing on the moral content of economics. With the introduction of economic citizenship as the ideal economic actor to be the purpose of economic education, this paper proposes that economic education needs to connect economic expertise and moral judgment and should also allude to the necessity of every market action’s conditional legitimization by society. We propose to discuss different ‘sites’ of morality as a heuristic approach to the different areas of economic responsibility. The individual, organizational and political level of responsibility helps to categorize the different moral issues of economic activity and serves as a great pattern to explain economic relations to scholars and students.

  4. Whatever Happened to Economic Geography?

    Science.gov (United States)

    Fagan, Robert

    1985-01-01

    Maintains that economic geography is alive and well. Describes some of the challenges facing research in economic geography and highlights the changing approaches being applied to economic geography. Includes sections on structural change, economic reorganization, and internationalization of manufacturing and finances. (JDH)

  5. Applications of evolutionary economic geography

    NARCIS (Netherlands)

    Boschma, R.A.; Frenken, K.; Puranam, Krishna Kishore; Ravi Kumar Jain B., xx

    2008-01-01

    This paper is written as the first chapter of an edited volume on evolutionary economics and economic geography (Frenken, K., editor, Applied Evolutionary Economics and Economic Geography, Cheltenham: Edward Elgar, expected publication date February 2007). The paper reviews empirical applications of

  6. RECONSIDERING ECONOMIC PRODUCTIVITY

    Directory of Open Access Journals (Sweden)

    RIS A. MIHAI

    2014-12-01

    Full Text Available Economy has changed significantly over the past century, in part due to the scientific discoveries, due to the industrial revolution, to the research, development and innovation, but maybe the most important contributor to the economic development is the human resource. We have witnessed significant changes enhancing the levels of productivity, both labor and capital. This paper analyzes productivity in relation to its social and sustainability dimension. The paper follows a previous study, highlighting the most important findings identified and reinterpreting them on the basis of the most recent research papers produced by the scholars in the field. The analysis is focused on the most unsustainable economies worldwide, respectively, the United Arab Emirates, Qatar, Belgium, Kuwait, Singapore, Netherlands, Republic of Korea, Israel, Saudi Arabia, Macedonia, Japan and the United States of America – selected by considering their per capita ecological deficit. The research uses statistical data provided by the United Nations Development Program, the World Bank and the Global Footprint Network. The research combines economical, development and environmental indexes in our attempt to evaluate productivity and to adjust it so that it considers the ecological deficit of the nations. The research hypothesis that generated the study is: the levels of economic productivity obtained by countries are not limited by their biocapacities. The empirical analysis will verify the research question advocating for the need to consider the limited capacity of the planet, in term of natural resources, when promoting economic and social development.

  7. Comparative Contract Law & Economics

    NARCIS (Netherlands)

    Kovac, M.

    2008-01-01

    This work is a search for deeper understanding of established differences and similarities among compared legal systems. The application of economically inspired optimal model rule as a uniform term of comparison provides additional insights into some of the most often discussed legal issues. The

  8. Economic globalization plus cosmopolitanism?

    NARCIS (Netherlands)

    Went, R.

    2004-01-01

    Since the mid-1970s sales, finance and production (i.e. all three circuits of capital), as well as the concentration and centralization of capital, have been internationalized to an extent that has never been seen before in history. This unprecedented economic globalization has been accompanied by

  9. Energy Storage Economics

    Energy Technology Data Exchange (ETDEWEB)

    Elgqvist, Emma M [National Renewable Energy Laboratory (NREL), Golden, CO (United States)

    2017-09-07

    This presentation provides an overview on energy storage economics including recent market trends, battery terminology and concepts, value streams, challenges, and an example of how photovoltaics and storage can be used to lower demand charges. It also provides an overview of the REopt Lite web tool inputs and outputs.

  10. On Austrian regional economics

    NARCIS (Netherlands)

    Heijman, W.J.M.; Leen, A.R.

    2004-01-01

    The aim of this research note is two-fold, firstly, to clarify the growing interaction between regional science and Austrian economics and their awareness of each other. We elucidate the Austrian methodology, called praxeology, which is especially misunderstood in regional science. Secondly, we

  11. A Realistic International Economics.

    Science.gov (United States)

    Culbertson, John M.

    1987-01-01

    Criticizes college textbooks for adopting a "party line" of laissez-faire economic doctrine which asserts the benefits of free trade. Offers an alternative interpretation of international trade, covering such topics as the effect of unregulated international trade on wage levels, and international lending. (JDH)

  12. Cyanobacteria: an economic perspective

    NARCIS (Netherlands)

    Sharma, N.K.; Rai, A.K.; Stal, L.J.

    2014-01-01

    Written by leading experts in the field, Cyanobacteria: An Economic Perspective is a comprehensive edited volume covering all areas of an important field and its application to energy, medicine and agriculture. Issues related to environment, food and energy have presented serious challenge to the

  13. Heterogeneous Computing in Economics

    DEFF Research Database (Denmark)

    Dziubinski, M.P.; Grassi, S.

    2014-01-01

    This paper shows the potential of heterogeneous computing in solving dynamic equilibrium models in economics. We illustrate the power and simplicity of C++ Accelerated Massive Parallelism (C++ AMP) recently introduced by Microsoft. Starting from the same exercise as Aldrich et al. (J Econ Dyn...

  14. Economics of vaccines revisited

    NARCIS (Netherlands)

    Postma, Maarten J.; Standaert, Baudouin A.

    2013-01-01

    Performing a total health economic analysis of a vaccine newly introduced into the market today is a challenge when using the conventional cost-effectiveness analysis we normally apply on pharmaceutical products. There are many reasons for that, such as: the uncertainty in the total benefit (direct

  15. China's Economic Conditions

    National Research Council Canada - National Science Library

    Morrison, Wayne M

    2008-01-01

    ... (the fastest annual growth since 1994). While China is expected to continue to enjoy rapid economic growth in the years ahead and could become the world s largest economy within a decade or so, it faces a number of challenges, including...

  16. Economics of microalgae production

    NARCIS (Netherlands)

    Acién, F.G.; Molina, E.; Fernández-Sevilla, J.M.; Barbosa, M.; Gouveia, L.; Sepúlveda, C.; Bazaes, J.; Arbib, Z.

    2017-01-01

    The economic analysis of biomass production is a critical step in ensuring the success of any microalgae-based industry. Until recently, only small-scale facilities of less than 10. ha have been in operation, but now large-scale facilities of more than 200. ha are being built and operated.

  17. Democracy, education, and economics

    NARCIS (Netherlands)

    Emami, Z.; Davis, J.

    2009-01-01

    This paper examines the connections between democracy and education, particularly as it concerns economics. We adopt a pluralist proceduralist view of democracy, and argue that this requires a view of individuals as active decision-makers able to deliberate and reflect on their different ideas and

  18. Understanding World Economic History

    Science.gov (United States)

    Whaples, Robert

    2013-01-01

    One joy of studying history is discovering people living meaningful lives and behaving in unusual ways that are startling to the modern reader--young or old. Why did pre-modern people living hundreds or even thousands of years ago do things so differently than we do? Robert Whaples states that Economic historians conclude that the key difference…

  19. Economics of Water Management

    NARCIS (Netherlands)

    Zhu, X.

    2015-01-01

    Water is a scarce natural resource. It is not only used as an input to economic activity such as irrigation, household and industrial water use, and hydropower generation, but also provides ecosystem services such as the maintenance of wetlands, wildlife support, and river flows for aquatic

  20. Economics Action Pack.

    Science.gov (United States)

    McDonald's Corp., Oak Brook, IL.

    One of five McDonald's Action Packs, this learning package introduces intermediate grade students to basic economic concepts. The fourteen activities include the topics of consumption (4 activities), production (5), the market system (3), a pretest, and a posttest. Specific titles under consumption include The Wonderful Treasure Tree (introduction…

  1. Economics of stand management

    Science.gov (United States)

    David K. Lewis

    1986-01-01

    This paper sets out to demonstrate the importance of considering the wealth represented by the growing stock in economic analyses of stand management alternatives, and to demonstrate the role of thinning in the manipulation of the efficiency of growing stock in the management of shortleaf pine (Pinus echinata Mill.). These goals are achieved through a demonstration of...

  2. socio-economic population

    African Journals Online (AJOL)

    not ideal, underscores the peculiarities of experience in a general hospital in a low socio-economic setting. In conclusion, hernia surgery in a general hospital setting can be safely performed with the judicious use of intravenous Kctamine in children and emergency adult surgery as long as awareness of its side-effects and.

  3. Networks versus Economic Incentives

    DEFF Research Database (Denmark)

    Larsen, Christian Albrekt

    The article analyses the neglected relationship between networks and unemployment. It challenges the neo-classic understanding of the transition from unemployment to employment and elaborates the line of reasoning within economic sociology. Based on theories of information problems at the labour...

  4. ALDOT economic sustainability.

    Science.gov (United States)

    2013-01-01

    This research used quantitative methods to document 15-year trends in various economic factors, from the very detailed (e.g., cost per ton for aggregate) to the very broad (total ALDOT annual receipts and expenditures), and for categories of receipts...

  5. Advanced Economic Analysis

    Science.gov (United States)

    Greenberg, Marc W.; Laing, William

    2013-01-01

    An Economic Analysis (EA) is a systematic approach to the problem of choosing the best method of allocating scarce resources to achieve a given objective. An EA helps guide decisions on the "worth" of pursuing an action that departs from status quo ... an EA is the crux of decision-support.

  6. Techno-economic Study

    DEFF Research Database (Denmark)

    Sigurdsson, Halldór Matthias; Point, J.C.; Million, P.

    A techno-economic model for analysing and comparing broadband deployment strategies has been established. The resulting simulation model can compare Capital Expenditure (CAPEX) of dominating broadband technologies in different types of demographic areas. The study reveals the competitiveness...... and applicability of different access technologies in the future broadband market as well as providing sensitivity analysis of the most influential factors controlling market development....

  7. Essays in development economics

    NARCIS (Netherlands)

    Bos, Marijke

    2017-01-01

    This dissertation consists of three chapters in the field of Development Economics. The first chapter examines the saving and investment decisions of self-employed farming households in Indonesia. Using an instrumental variables strategy, with local rainfall as an instrument for farm profit, no

  8. Essays on public economics

    NARCIS (Netherlands)

    Jahan Dideh, Mahsa

    2016-01-01

    This dissertation studies a range of topics in public economics. The first two chapters address the optimal provision of productive public goods in two different settings. Using a theoretical model, the first study examines the impact of trade liberalization on the optimal provision of productive

  9. "The New Economic Reality"

    Science.gov (United States)

    Stewart, Pearl

    2012-01-01

    Many historically Black business schools have taken a proactive stance during this period of economic uncertainty. Dr. Jessica Bailey, president of the HBCU Business Deans' Roundtable, which includes 52 of the 104 historically Black business schools, thinks the institutions are "expanding their missions" to place more emphasis on globalization,…

  10. Environmental protection economically viable

    International Nuclear Information System (INIS)

    Dartsch, B.; Hildebrandt, T.

    1994-01-01

    The Environmental Technology Forum for Industry and Research (Utech) was held for the fifth time this year at the International Congress Centre in Berlin. The main themes of this year's Utech were additive environmental protection, production-integrated environmental protection, management and economic aspects of environmental protection, research and development in environmental protection as well as environmental information legislation. (orig.) [de

  11. Emerging Asian Economics.

    Science.gov (United States)

    Trezise, Philip H.

    What we can expect in the future from the miracle economies of Japan, South Korea, Taiwan, Singapore, and Hong Kong, whether they pose a threat to the older industrial states of Western Europe and North American, and whether China is to be the next emerging Asian economy are discussed. The amazing economic recovery of these East Asian countries…

  12. An economically reliable scenario

    International Nuclear Information System (INIS)

    Anon.

    1996-01-01

    Mister Benjamin Dessus, director of the Ecotech programme at the Cnrs and author of the Noe scenario, describes his propositions for energy prospective, supported by an economic analysis. He advocates the energy diversification and the use of renewable energies. (N.C.). 1 ref., 1 tab

  13. Economically optimal thermal insulation

    Energy Technology Data Exchange (ETDEWEB)

    Berber, J.

    1978-10-01

    Exemplary calculations to show that exact adherence to the demands of the thermal insulation ordinance does not lead to an optimal solution with regard to economics. This is independent of the mode of financing. Optimal thermal insulation exceeds the values given in the thermal insulation ordinance.

  14. Essays in behavioural economics

    NARCIS (Netherlands)

    Buser, T.

    2012-01-01

    Most of the economic literature takes preferences as given. Economists use them as the building blocks of their models, estimate them in lab experiments and correlate them with life outcomes. But we only rarely ask about their origins. How come that fundamental preferences such as risk aversion,

  15. Ronald Reagan's Economic Jeremiad.

    Science.gov (United States)

    Johannesen, Richard L.

    1986-01-01

    Considers President Reagan's address to the nation on February 5, 1981, concerning the state of the economy, as a contemporary secular version of the jeremiad, a rhetorical form that has persisted in America since colonial times. Describes Reagan's skillful use of the genre to motivate public response to what he viewed as an economic crisis. (NKA)

  16. Economics of human trafficking.

    Science.gov (United States)

    Wheaton, Elizabeth M; Schauer, Edward J; Galli, Thomas V

    2010-01-01

    Because freedom of choice and economic gain are at the heart of productivity, human trafficking impedes national and international economic growth. Within the next 10 years, crime experts expect human trafficking to surpass drug and arms trafficking in its incidence, cost to human well-being, and profitability to criminals (Schauer and Wheaton, 2006: 164-165). The loss of agency from human trafficking as well as from modern slavery is the result of human vulnerability (Bales, 2000: 15). As people become vulnerable to exploitation and businesses continually seek the lowest-cost labour sources, trafficking human beings generates profit and a market for human trafficking is created. This paper presents an economic model of human trafficking that encompasses all known economic factors that affect human trafficking both across and within national borders. We envision human trafficking as a monopolistically competitive industry in which traffickers act as intermediaries between vulnerable individuals and employers by supplying differentiated products to employers. In the human trafficking market, the consumers are employers of trafficked labour and the products are human beings. Using a rational-choice framework of human trafficking we explain the social situations that shape relocation and working decisions of vulnerable populations leading to human trafficking, the impetus for being a trafficker, and the decisions by employers of trafficked individuals. The goal of this paper is to provide a common ground upon which policymakers and researchers can collaborate to decrease the incidence of trafficking in humans.

  17. Economical stabilized scintillation detector

    International Nuclear Information System (INIS)

    Anshakov, O.M.; Chudakov, V.A.; Gurinovich, V.I.

    1983-01-01

    An economical scintillation detector with the stabilization system of an integral type is described. Power consumed by the photomultiplier high-voltage power source is 40 mW, energy resolution is not worse than 9%. The given detector is used in a reference detector of a digital radioisotope densimeter for light media which is successfully operating for several years

  18. Economic Outcomes in Prosthodontics

    NARCIS (Netherlands)

    Bassi, Francesco; Carr, Alan B.; Chang, Ting-Ling; Estafanous, Emad W.; Garrett, Neal R.; Happonen, Risto-Pekka; Koka, Sreenivas; Laine, Juhani; Osswald, Martin; Reintsema, Harry; Rieger, Jana; Roumanas, Eleni; Salinas, Thomas J.; Stanford, Clark M.; Wolfaardt, Johan

    2013-01-01

    Purpose: A systematic literature review was conducted to identify the types of economic measures currently used in implant prosthodontics and determine the degree to which cost of care is considered in the context of any positive outcome of the care provided. Materials and Methods: A literature

  19. Culture and Economic Development

    NARCIS (Netherlands)

    Jong, E. de; Wright, J.D.

    2015-01-01

    Both historical studies and econometric analyses find that high levels of economic growth are associated with values such as achievement motivation, future orientation, and eagerness to learn. Opinions differ with respect to the direction of the causal relation, if any, and the role of formal

  20. Economic system dynamics

    OpenAIRE

    McCauley, Joseph L.; Küffner, Cornelia M.

    2004-01-01

    We provide the reader with a qualitative summary of the main ideas from econophysics and finance theory, starting with a thorough criticism of the standard ideas taught in typical economics textbooks. The emphasis is on the Galilean or physicists' approach to market synamics, as opposed to the standard nonempirical postulatory one.

  1. Economics of reusable facilities

    International Nuclear Information System (INIS)

    Antia, D.D.J.

    1992-01-01

    In this paper some of the different economic development strategies that can be used for reusable facilities in the UK, Norway, Netherlands and in some production sharing contracts are outlined. These strategies focus on an integrated decision analysis approach which considers development phasing, reservoir management, tax planning and where appropriate facility purchase, leasing, or sale and leaseback decisions

  2. High School Economics. Focus.

    Science.gov (United States)

    Watts, Michael; McCorkle, Sarapage; Meszaros, Bonnie; Smith, Robert F.; Highsmith, Robert J.

    This book opens with an exploration of the fundamental trilogy of economics - scarcity, choice, and cost. Students then examine the broad social goals of an economy in preparation for lessons treating many topics new to the precollege level such as the stock market, public choice, and aggregate supply and demand. The set of 20 lessons include: (1)…

  3. Principles of economics textbooks

    DEFF Research Database (Denmark)

    Madsen, Poul Thøis

    2012-01-01

    Has the financial crisis already changed US principles of economics textbooks? Rather little has changed in individual textbooks, but taken as a whole ten of the best-selling textbooks suggest rather encompassing changes of core curriculum. A critical analysis of these changes shows how individual...

  4. Corruption and Economic Development

    Directory of Open Access Journals (Sweden)

    Dr.Sc. Skender Ahmeti

    2012-06-01

    Full Text Available There is no sustainable economic development without a functioning rule of law. Besides sustainable economic policies like low interest rates, low inflation, low budget deficit, reasonable taxes and economic freedom for business development, the necessary ones for country’s economic growth are functioning of state institutions, support and development of reforms as well as successful fight against corruption. Corruption is a phenomena often encountered and spread in countries that have problems with rule of law as well as with judiciary system. Corruption manifestation is inevitable in circumstances when state institutions are weak. The phenomena is especially problematic in countries that go through transition periods since these countries are often characterized as nonefficient in fighting this phenomena1 . Countries in transition continue to have the image of countries with high level of corruption, which causes serious crisis from local opinion and continuous demand from international community due to the unsuccessful fight against this malevolence. World Bank considers corruption as the biggest obstacle in the fight for poverty eradication, since it undermines the rule of law, weakens state institutions and most of all it affects the poor. Politically, it undermines democracy and good governance, economic equal growth and development, as well as people’s trust in state institutions. Lately, several anti-corruption laws have been adopted in Kosovo, but they have not been implemented in practice and were not sufficient in fight against corruption. Kosovo’s long lasting dream of integrating in European Union, necessarily demands to built and functionalize anti-corruptive measures with priority, as a fundamental precondition for EU pre-accession process

  5. Economics-driven software architecture

    CERN Document Server

    Mistrik, Ivan; Kazman, Rick; Zhang, Yuanyuan

    2014-01-01

    Economics-driven Software Architecture presents a guide for engineers and architects who need to understand the economic impact of architecture design decisions: the long term and strategic viability, cost-effectiveness, and sustainability of applications and systems. Economics-driven software development can increase quality, productivity, and profitability, but comprehensive knowledge is needed to understand the architectural challenges involved in dealing with the development of large, architecturally challenging systems in an economic way. This book covers how to apply economic consider

  6. Magnetic fusion reactor economics

    International Nuclear Information System (INIS)

    Krakowski, R.A.

    1995-01-01

    An almost primordial trend in the conversion and use of energy is an increased complexity and cost of conversion systems designed to utilize cheaper and more-abundant fuels; this trend is exemplified by the progression fossil fission → fusion. The present projections of the latter indicate that capital costs of the fusion ''burner'' far exceed any commensurate savings associated with the cheapest and most-abundant of fuels. These projections suggest competitive fusion power only if internal costs associate with the use of fossil or fission fuels emerge to make them either uneconomic, unacceptable, or both with respect to expensive fusion systems. This ''implementation-by-default'' plan for fusion is re-examined by identifying in general terms fusion power-plant embodiments that might compete favorably under conditions where internal costs (both economic and environmental) of fossil and/or fission are not as great as is needed to justify the contemporary vision for fusion power. Competitive fusion power in this context will require a significant broadening of an overly focused program to explore the physics and simbiotic technologies leading to more compact, simplified, and efficient plasma-confinement configurations that reside at the heart of an attractive fusion power plant

  7. Integrating Environmental and Socio-Economic Indicators of a Linked Catchment-Coastal System Using Variable Environmental Intensity

    Science.gov (United States)

    Dymond, John R.; Davie, Tim J. A.; Fenemor, Andrew D.; Ekanayake, Jagath C.; Knight, Ben R.; Cole, Anthony O.; de Oca Munguia, Oscar Montes; Allen, Will J.; Young, Roger G.; Basher, Les R.; Dresser, Marc; Batstone, Chris J.

    2010-09-01

    Can we develop land use policy that balances the conflicting views of stakeholders in a catchment while moving toward long term sustainability? Adaptive management provides a strategy for this whereby measures of catchment performance are compared against performance goals in order to progressively improve policy. However, the feedback loop of adaptive management is often slow and irreversible impacts may result before policy has been adapted. In contrast, integrated modelling of future land use policy provides rapid feedback and potentially improves the chance of avoiding unwanted collapse events. Replacing measures of catchment performance with modelled catchment performance has usually required the dynamic linking of many models, both biophysical and socio-economic—and this requires much effort in software development. As an alternative, we propose the use of variable environmental intensity (defined as the ratio of environmental impact over economic output) in a loose coupling of models to provide a sufficient level of integration while avoiding significant effort required for software development. This model construct was applied to the Motueka Catchment of New Zealand where several biophysical (riverine water quantity, sediment, E. coli faecal bacteria, trout numbers, nitrogen transport, marine productivity) models, a socio-economic (gross output, gross margin, job numbers) model, and an agent-based model were linked. An extreme set of land use scenarios (historic, present, and intensive) were applied to this modelling framework. Results suggest that the catchment is presently in a near optimal land use configuration that is unlikely to benefit from further intensification. This would quickly put stress on water quantity (at low flow) and water quality ( E. coli). To date, this model evaluation is based on a theoretical test that explores the logical implications of intensification at an unlikely extreme in order to assess the implications of likely growth

  8. Online social activity reflects economic status

    Science.gov (United States)

    Liu, Jin-Hu; Wang, Jun; Shao, Junming; Zhou, Tao

    2016-09-01

    To characterize economic development and diagnose the economic health condition, several popular indices such as gross domestic product (GDP), industrial structure and income growth are widely applied. However, computing these indices based on traditional economic census is usually costly and resources consuming, and more importantly, following a long time delay. In this paper, we analyzed nearly 200 million users' activities for four consecutive years in the largest social network (Sina Microblog) in China, aiming at exploring latent relationships between the online social activities and local economic status. Results indicate that online social activity has a strong correlation with local economic development and industrial structure, and more interestingly, allows revealing the macro-economic structure instantaneously with nearly no cost. Beyond, this work also provides a new venue to identify risky signal in local economic structure.

  9. Health economic evaluation in Greece.

    Science.gov (United States)

    Rovithis, Dimitrios

    2006-01-01

    There is a growing volume of literature on health economic evaluation, with this form of analysis becoming increasingly influential at the decision-making level worldwide. The purpose of this study was to review the current state of health economic evaluation in Greece, with a view to uncovering reasons why its use in this country is limited. A search of the NHS Economic Evaluation Database was undertaken. The search included cost, cost-of-illness, cost-minimization, cost-effectiveness, cost-consequences, cost-utility, and cost-benefit analyses and was narrowed only to Greek authors undertaking solo or joint health economic evaluation in Greece. The search revealed that, in Greece, very little health economic evaluation has been undertaken. The main reason for the lack of interest is that the current chaotic healthcare system structure and financing does not provide the appropriate incentives to stimulate a powerful interest in this type of research. This condition is a result of the lack of a long-term national health policy and the hesitation of the present and past Greek governments to date to proceed to large-scale reforms because of political considerations. The Greek governments have also been content with the good health indicators being achieved. Even if it is accepted that good health prevails in Greece, slower economic growth rates, an ageing population, and the continuous immigration will place increasing pressure on healthcare resources and will necessitate a more rational use of these resources. Health economic evaluation, by weighing benefits against costs, therefore, has an important role to play.

  10. An investigation on the relationship between arbitrage and macro-economic indicators: A case study of Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Samira Fazli

    2014-04-01

    Full Text Available This paper presents an empirical investigation to study the effects of macro-economic factors on the performance of stocks listed on Tehran Stock Exchange (TSE. The proposed study considers the effects of money supply, inflation rate, oil price, unforeseen changes in the course structure of interest rates as well as unanticipated changes in industrial production on stock price. Using seasonal information of stock price over the period 1997-2007 as well as regression analysis, the study has determined that risk premium of unforeseen changes in the course structure of interest rates, money supply, inflation rate and unanticipated changes in industrial production are meaningful when the level of significance is five percent. In other words, Arbitrage pricing theory model describing the expected return per share is reasonable and macro-level variables explain systematic risk on TSE.

  11. Political institutions and economic volatility

    NARCIS (Netherlands)

    Klomp, Jeroen; de Haan, Jakob

    We examine the effect of political 'institutions' on economic growth volatility, using data from more than 100 countries over the period 1960 to 2005, taking into account various control variables as suggested in previous studies. Our indicator of volatility is the relative standard deviation of the

  12. Economic analysis of fusion breeders

    International Nuclear Information System (INIS)

    Delene, J.G.

    1985-01-01

    This paper presents a study of the economic performance of Fission/Fusion Hybrid devices. This work takes fusion breeder cost estimates and applies methodology and cost factors used in the fission reactor programs to compare fusion breeders with Liquid Metal Fast Breeder Reactors (LMFBR). The results of the analysis indicate that the Hybrid will be in the same competitive range as proposed LMFBRs and have the potential to provide economically competitive power in a future of rising uranium prices. The sensitivity of the results to variations in key parameters is included

  13. BEHAVIORAL ECONOMICS AND THE NEED OF PSYCHOLOGY IN ECONOMIC RESEARCH

    Directory of Open Access Journals (Sweden)

    Andreea GRADINARU

    2014-06-01

    Full Text Available The turning point in economic science has now come, marked especially by triggering the biggest crisis since the Great Depression of '29-'33, has called into question the need to reconsider the status of economic science and finding ways in which it can increase its practical foundations. In the elaboration of this study I’ve took into account the fact that beyond any abstract, formal and mathematical model, economics is a science, having the man in its center. Furthermore, every economic process is based on the human being. But the way individuals behave does not follow precisely the pattern predicted by classical and neoclassical models, but most of the time they are making decisions under the influence of psychological factors. Starting from these assumptions I considered important to highlight a real need for psychology in economic research. Therefore, the aim of this work is exclusively theoretical meant to show that the study of psychological factors is necessary in economic research, because it allows a better explanation of the economic problems and lead to obtaining results closer to reality than those who only take into consideration economic factors. In this way I appealed to behavioral economics. This represents a new trend of economic thinking that reunites psychology with economy. The thing that I observed after finishing the study is that behavioral economics can increase the explanatory power of economics by providing more realistic psychological bases, because human behavior is not only the subject matter of economics but psychology too.

  14. The Economics OF NEOS

    Science.gov (United States)

    Schalkwyk, James D.

    2014-01-01

    NASA's Ames Research Center, in its role as partnerships lead for NASA asteroid redirect robotic missions and as a supporting Center for the Asteroid Grand Challenge, responded to increasing interest in near-Earth objects (NEOs) by holding a workshop entitled 'The Economics of NEOs' on the 6th and 7th of September 2014. The workshop was intended to serve as a catalyst for discussions and to foster collaborations between industry, academia and government. This document serves as a summary of the discussions which took place within three sessions and their respective table discussions; Session One: Background and Motivation; Session Two: Economics of NEOs; and Session Three: Policy and Legal Frameworks. This document is a collection of observations by individuals and does not express the consensus view of all participants; it does not express US Government or NASA policy.

  15. Political and economic aspects

    International Nuclear Information System (INIS)

    O'Neil, C.

    1997-01-01

    The political and socio-economic aspects of oil and gas exploration in Canada's Arctic and the Beaufort Sea were reviewed. The federal government was very interested in developing the North because they saw oil and gas development in the North as a means of strengthening sovereignty claims. The projected profits from Northern oil and gas development were also very attractive, and after dealing with environmental and social concerns, the government granted the necessary drilling permits. The federal government also made allowances for huge tax incentives for the oil and gas companies to encourage exploration. Although oil has been found, large-scale production in the Beaufort Sea never materialized. During the period from 1984 to 1988, world prices for oil fell and it was no longer economical to undertake frontier production. Beaufort Sea operation were shut down as the oil industry changed its focus to more cost-effective reservoirs in southern Canada. 1 fig

  16. Nuclear economics and privatisation

    International Nuclear Information System (INIS)

    Evans, N.L.

    1987-01-01

    In this paper the compatibility of the British government's two policies of privatisation of the electricity supply industry and the development of nuclear power is considered. The structures that a privatised electricity supply industry might have looked at, especially those which might have greatest effect on the position of nuclear power. Only three alternatives for Sizewell-B - a pressurized water reactor, an advanced gas-cooled reactor or a large coal-fired power station were considered. The economic case was made using a discount rate o 5% -lower than would be taken by private sector companies. This has an important effect on the economic advantage of one fuel over another. Changes in the electricity supply industry with privatisation are discussed. These might lead to consideration of a greater range of options for meeting demand (eg renewable energy sources) as the emphasis would be on profitability. (UK)

  17. A Life in Economics

    Directory of Open Access Journals (Sweden)

    A.P. Thirlwall

    2018-03-01

    Full Text Available The paper is the first inaugural contribution to the new series of "Recollections of Eminent Economists". Under this name, the previous series of the journal (then called "Banca Nazionale del Lavoro Quarterly Review" used to publish autobiographic essays in which renowned economists described their scientific path and reflected on the recent developments of the discipline. In this work, A.P. Thirlwall recalls his personal and academic biography, ranging from employment in the UK to consultancy work in developing countries, and comments on the reception of his main works. Among the latter, special attention is paid to regional and development economics, as well as to the relation between the balance of payments and economic growth. Throughout the discussion, the author emphasizes the Keynesian inspiration of his analyses.

  18. Economic communication model set

    Science.gov (United States)

    Zvereva, Olga M.; Berg, Dmitry B.

    2017-06-01

    This paper details findings from the research work targeted at economic communications investigation with agent-based models usage. The agent-based model set was engineered to simulate economic communications. Money in the form of internal and external currencies was introduced into the models to support exchanges in communications. Every model, being based on the general concept, has its own peculiarities in algorithm and input data set since it was engineered to solve the specific problem. Several and different origin data sets were used in experiments: theoretic sets were estimated on the basis of static Leontief's equilibrium equation and the real set was constructed on the basis of statistical data. While simulation experiments, communication process was observed in dynamics, and system macroparameters were estimated. This research approved that combination of an agent-based and mathematical model can cause a synergetic effect.

  19. Economic measures of performance

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

    Cogeneration systems can reduce the total cost of utility service, and, in some instances where power is sold to an electric utility, can even produce a positive net revenue stream. This is, the total cogeneration revenue is greater than the cogeneration system's operating cost plus the cost of supplemental fuel and power. Whether it is sited at an existing facility or new construction, cogeneration systems do require an incremental investment over and above that which would be required if the end user were to utilize more conventional utility services. While the decision as to whether or not one should invest in cogeneration may consider such intangibles as predictability of future utility costs, reliability of electrical supply and the quality of that supply, the decision ultimately becomes one of basic economics. This chapter briefly reviews several economic measures with regard to ease of use, accuracy and financial objective

  20. Globalisation, economics and professionalism.

    Science.gov (United States)

    Tan, Chay-Hoon; Macneill, Paul

    2015-01-01

    This paper presents an analysis of the effect of globalisation and attendant economic factors on the global practice of medicine, medical education, medical ethics and medical professionalism. The authors discuss the implications of these trends, citing case scenarios in the healthcare insurance, medical tourism, pharmaceutical industries, and the educational systems as well as in clinical practice, to illustrate the impact of globalisation and economics on professionalism. Globalisation, on the one hand, offers benefits for the global practice of medicine and for medical education. On the other, globalisation can have negative effects, particularly when the main driver is to maximise profitability across national boundaries rather than concern for human well-being. Appraising the effect of globalisation on professionalism involves assessing its effects at the intrapersonal, interpersonal, and institutional levels, and its effect on society at large.

  1. Nuclear power economics

    Energy Technology Data Exchange (ETDEWEB)

    Emsley, Ian; Cobb, Jonathan [World Nuclear Association, London (United Kingdom)

    2017-04-15

    Many countries recognize the substantial role which nuclear power has played in providing energy security of supply, reducing import dependence and reducing greenhouse gas and polluting emissions. Nevertheless, as such considerations are far from being fully accounted for in liberalized or deregulated power markets, nuclear plants must demonstrate their viability in these markets on commercial criteria as well as their lifecycle advantages. Nuclear plants are operating more efficiently than in the past and unit operating costs are low relative to those of alternative generating technologies. The political risk facing the economic functioning of nuclear in a number of countries has increased with the imposition of nuclear-specific taxes that in some cases have deprived operators of the economic incentive to continue to operate existing plants.

  2. Nuclear power economics

    International Nuclear Information System (INIS)

    Emsley, Ian; Cobb, Jonathan

    2017-01-01

    Many countries recognize the substantial role which nuclear power has played in providing energy security of supply, reducing import dependence and reducing greenhouse gas and polluting emissions. Nevertheless, as such considerations are far from being fully accounted for in liberalized or deregulated power markets, nuclear plants must demonstrate their viability in these markets on commercial criteria as well as their lifecycle advantages. Nuclear plants are operating more efficiently than in the past and unit operating costs are low relative to those of alternative generating technologies. The political risk facing the economic functioning of nuclear in a number of countries has increased with the imposition of nuclear-specific taxes that in some cases have deprived operators of the economic incentive to continue to operate existing plants.

  3. Economic evaluation of reprocessing

    International Nuclear Information System (INIS)

    This paper, which also appears as an Appendix to the Final Working Group 4 report, considers the economics of the four basic options available in nuclear programmes namely: the once-through cycle; reprocessing with uranium recycle and plutonium storage; reprocessing with both uranium and plutonium recycle; and the fast reactor. These options are represented by four separate areas on a ''phase diagram'' showing the relationship between relative generating costs and uranium ore price. The basic algebra defining each component of electricity cost is given for each option. The diagram can take different forms depending upon the relative magnitudes of the costs of reprocessing and MOX fuel fabrication and whether the once-through fuel cycle is acceptable or not on grounds other than strictly economic, i.e. environmental grounds. The shortcomings of this form of presentation are also identified

  4. The Economics of Nudge

    DEFF Research Database (Denmark)

    Health, Wealth, and Happiness (2008), and Lucia Reisch of the Copenhagen Business School. The Economics of Nudge is fully indexed and has a comprehensive introduction, newly written by the editors, which places the collected material in its historical and intellectual context. It is an essential work......Proponents of ‘nudge theory’ argue that, because of our human susceptibility to an array of biases, we often make subprime choices and decisions that make us poorer, less healthy, and more miserable than we might otherwise be. However, using behavioural economics—and insights from other disciplines...... of its practical applications as short-term, politically motivated initiatives based on flimsy evidence), in recent years there has been an astonishing growth in scholarly output about and around the economics of nudge. And now, while the hybrid field continues to flourish, Routledge announces a new four...

  5. Coevolutionary ecological economics

    Energy Technology Data Exchange (ETDEWEB)

    Kallis, Giorgos [ICREA Researcher, ICTA, Universidad Autonoma de Barcelona, ETSE, QC/3095, 08193 Bellatera, Barcelona (Spain); Norgaard, Richard B. [Energy and Resources Group, University of California at Berkeley, 310 Barrows Hall, Berkeley, CA, 94720-3050 (United States)

    2010-02-15

    This paper maps a coevolutionary research agenda for ecological economics. At an epistemological level coevolution offers a powerful logic for transcending environmental and social determinisms and developing a cross-disciplinary approach in the study of socio-ecological systems. We identify four consistent stories emerging out of coevolutionary studies in ecological economics, concerning: environmental degradation and development failure in peripheral regions; the lock-in of unsustainable production-consumption patterns; the vicious cycle between human efforts to control undesirable micro-organisms and the evolution of these organisms; and the adaptive advantages of other-regarding, cooperative behaviors and institutions. We identify challenges in the conceptualization of coevolutionary relationships in relation to: the interaction between different hierarchical levels of evolution; the role of space and social power; uneven rates of change and crises. We conclude with the political implications of a coevolutionary perspective based on the premises of pragmatism. (author)

  6. Academic (economic) woman

    DEFF Research Database (Denmark)

    Andersen, Lotte Bøgh; Pallesen, Thomas

    2007-01-01

    The diversity literature expects that an equal mix of men and women improves performance, but existing studies show very weak associations. This paper argues that gender diversity does matter, but that the relationship is more complex than assumed. Based on motivational crowding theory, we argue...... that men and women respond differently to economic incentives. We analyze how gender, incentives and the perception of these incentives at research institutions affect organizational performance, measured as the number of scientific publications. Using data from 2000-2005, the analysis includes 162 Danish...... research institutions (17 government research institutions and subunits of 10 universities). The main conclusion is that gender diversity has a modest, but positive impact on organizational output, and that women and men seem to react differently when economic incentives are introduced....

  7. Economics of wind energy

    International Nuclear Information System (INIS)

    Ranganathan, V.; Kumar, H.P.S.

    1991-01-01

    Conventional economic analysis of wind energy often ignores the fact that it is not an energy source available on tap, but is intermittent. The analysis at times is discriminatory in the sense that the costs of transmission and distribution are added to the central grid alternative but the costs of the locational constraints of wind energy siting are not quantified. This paper evaluates wind energy after correcting for these two factors. The results are not encouraging

  8. CULTURAL ISSUES IN ECONOMICS

    OpenAIRE

    Maciej Meyer

    2012-01-01

    This article has been written with the purpose of attracting attention to the cultural issues, or rather lack of them, in economics. This topic has not been taken frequently into theoretical considerations due to some difficulties, although its practical implications are of great importance. The meaning of institutions which are a part of cultures has been given more coverage in the literature. The following hypothesis is proposed: culture is an important but underestimated component of the e...

  9. MARKET ECONOMICS PRICING PARTICULARS

    Directory of Open Access Journals (Sweden)

    V. I. Parshin

    2011-01-01

    Full Text Available The price performs several economic functions: accounting, stimulation, distribution, demand and offer balancing, serving as production site rational choice criterion, information. Most important pricing principles are: price scientific and purpose-aimed substantiation, single pricing and price control process. Pricing process factors are external, internal, basic (independent on money-market, market-determined and controlling. Different pricing methods and models are to be examined, recommendations on practical application of those chosen are to be written.

  10. Basic Economic Principles

    Science.gov (United States)

    Tideman, T. N.

    1972-01-01

    An economic approach to design efficient transportation systems involves maximizing an objective function that reflects both goals and costs. A demand curve can be derived by finding the quantities of a good that solve the maximization problem as one varies the price of that commodity, holding income and the prices of all other goods constant. A supply curve is derived by applying the idea of profit maximization of firms. The production function determines the relationship between input and output.

  11. Economic Incentives for Countertrade

    OpenAIRE

    Rolf Mirus; Bernard Yeung

    1986-01-01

    This paper examines countertrade using standard economic theory. We show that in many circumstances countertrade is a rational response transaction costs, information asymmetry, moral hazard-agency problems, and other market imperfections. This paper also integrates countertrade into international business theories. Some preliminary hypotheses, that may be empirically testable after refinement, are developed.© 1986 JIBS. Journal of International Business Studies (1986) 17, 27–39

  12. Mathematical Optimiation in Economics

    CERN Document Server

    De Finetti, Bruno

    2011-01-01

    Preface by B. de Finetti.- G.Th. Guilbaud: Les equilibres dans les modeles economiques.-H.W. Kuhn: Locational problems and mathematical programming.- M. Morishima: The multi-sectoral theory of economic growth.- B. Martos, J. Kornai: Experiments in Hungary with industry-wide and economy wide programming.- A. Prekopa: Probability distribution problems concerning stochastic programming problems.- R. Frisch: General principles and mathematical techniques of macroeconomic programming.

  13. Asymmetric information and economics

    Science.gov (United States)

    Frieden, B. Roy; Hawkins, Raymond J.

    2010-01-01

    We present an expression of the economic concept of asymmetric information with which it is possible to derive the dynamical laws of an economy. To illustrate the utility of this approach we show how the assumption of optimal information flow leads to a general class of investment strategies including the well-known Q theory of Tobin. Novel consequences of this formalism include a natural definition of market efficiency and an uncertainty principle relating capital stock and investment flow.

  14. Economics and changing lifestyles

    Energy Technology Data Exchange (ETDEWEB)

    Barbieri, R H

    1982-01-01

    The management and consumption of energy resources are undergoing radical change. That change is prompting reevaluation of traditional patterns of economic interaction; the roles of public participation in the political process. This article discusses the roots of the energy dilemma, the impact of energy on the decision-making process, social change, and energy policy formulation. The impact of this reevaluation on lifestyles and attitudes toward energy are also discussed. Efforts towards the search for a solution are presented.

  15. Uruguay; Recent Economic Developments

    OpenAIRE

    International Monetary Fund

    1996-01-01

    This paper describes economic developments in Uruguay during the 1990s. Real GDP expanded on average by more than 4 percent a year in 1990–94 and fell by 2½ percent in 1995. The rapid growth of output during 1990–94 reflected buoyant external demand from Uruguay’s main trading partners (Argentina and Brazil), as well as progress in strengthening the public finances, reducing wage indexation, opening the economy, and curtailing government intervention. Consumer price inflation fell steadily fr...

  16. Parenting styles and economics

    OpenAIRE

    Zilibotti, Fabrizio

    2015-01-01

    Does the economy influence the way people bring up their children? How can we determine and measure a child’s utility? How can parenting styles be categorized in an economic model? These are the questions that Professor Fabricio Zilibotti of the University of Zurich addressed in his honorary lecture ‘Parenting with Style’, which he delivered at the April International Academic Conference during the 5th LCSR international workshop ‘Social and Cultural Changes in Cross-National Perspective: Sub...

  17. Disrupting Syrian Economic Networks

    Science.gov (United States)

    2015-10-28

    Prior to the civil 2 war, the Syrian economy benefited from tourism 4 , as well as a growing consumer economy driven by a large influx of Iraqi...during civil war in a commodities based economy such as Syria, socio -economic motivations (“loot-seeking”) may be just as or more important than...eliminate non-government registered cell phones. 85 Yet, cell phone use, while impacted in North Korea, has not been 18 stopped, particularly

  18. Sustainable Food & Sustainable Economics

    OpenAIRE

    Alvarez, Mavis Dora

    2012-01-01

    Cuba today is immersed in a very intense process of perfecting its agricultural production structures with the goal of making them more efficient and sustainable in their economic administration and in their social and environmental management. Agricultural cooperatives in Cuba have the responsibility of producing on 73% of the country's farmland. Their contributions are decisive to developing agricultural production and to ensuring more and better food for the population, in addition to redu...

  19. Economic uncertainty principle?

    OpenAIRE

    Alexander Harin

    2006-01-01

    The economic principle of (hidden) uncertainty is presented. New probability formulas are offered. Examples of solutions of three types of fundamental problems are reviewed.; Principe d'incertitude économique? Le principe économique d'incertitude (cachée) est présenté. De nouvelles formules de chances sont offertes. Les exemples de solutions des trois types de problèmes fondamentaux sont reconsidérés.

  20. China Report, Economic Affairs

    Science.gov (United States)

    1986-02-11

    percent of members of leading groups of large and medium-sized back- bone enterprises have received education at and above college level. The average...enterprises, so that enterprises genuinely become lively "economic cells ," not simply subsidiaries of administrative organs. 4. In the sphere of...electric power stations, and breweries , resulting in great losses and waste. Such a state of affairs will certainly achieve no further development. 31

  1. Economic value of walkability

    Energy Technology Data Exchange (ETDEWEB)

    Litman, T.

    2004-10-12

    Traditional transportation planning and evaluation practices treat walking as a minor transport mode. However, it is evident that walking is a critical component of the transport system. This paper presents a series of methods to evaluate the value of walking and walkability, which is defined as the quality of walking conditions, including safety, comfort and convenience. The socio-economic benefits of walking and walkability were discussed, including basic mobility, consumer cost savings and reduced external costs. Efficient land use, community livability, improved public health, economic development and support for equity objectives were also presented as potential benefits. It was concluded that walking receives less than its appropriate share of transportation resources, and that improvements in walkability can provide a high economic return on investment. Increased government funding to walking facilities and programs was recommended. Other recommendations included: shifting road space from traffic and parking lanes to sidewalks and paths; and policies to create more walkable safety and comfort. These recommendations comply with other transport and land use management reforms to reduce automobile dependency and create greater accessibility. refs., tabs., figs.

  2. When accounting was economics

    Directory of Open Access Journals (Sweden)

    Mieczysław Dobija

    2015-04-01

    Full Text Available The presented considerations and reflections aim to search for the beginning of accounting in terms of both ideas and procedures that make up a system that is operative in practice. The thesis that the economic calculus and procedures forming an accounting system have existed since the beginnings of civilization seems to be sufficiently justified. It should, however, be recognized that there was an initial activation period of civilization processes. Research has led to the conclusion that it was accounting for labor, not capital, that served communities from their beginnings. However, on the basis of theory, labor and capital are two related categories and both lead to double-entry, which is a characteristic feature of accounting. In the days before the creation of writing, tokens were used for thousands of years for recording and accounting purposes, being a useful tool in maintaining balance in the socio-economic system. The development of city-states and the emergence of writing techniques have improved the system by replacing token records on clay tablets. The dominance of labor accounting continued until the eleventh century BC, to the dark ages. Contemporary accounting, although geared more to the measurement of capital and its changes in the economic processes, still continues to operate according to the old paradigm and is focused on inputs in their historical cost perspective.

  3. Economics of childbirth.

    Science.gov (United States)

    Fahy, Michael; Doyle, Orla; Denny, Kevin; McAuliffe, Fionnuala M; Robson, Michael

    2013-05-01

    Increasing birth rates have raised questions for policy makers and hospital management about the economic costs of childbirth. The purpose of this article is to identify and review all existing scientific studies in relation to the economic costs of alternative modes of childbirth delivery and to highlight deficiencies in the existing scientific research. We searched Cochrane, Centre for Reviews and Dissemination, EconLit, the Excerpta Medica Database, the Health Economic Evaluations Database, MEDLINE and PubMed. Thirty articles are included in this review. The main findings suggest that there is no internationally acceptable childbirth cost and clinical outcome classification system that allows for comparisons across different delivery modes. This review demonstrates that a better understanding and classification of the costs and associated clinical outcomes of childbirth is required to allow for valid comparisons between maternity units, and to inform policy makers and hospital management. © 2013 The Authors Acta Obstetricia et Gynecologica Scandinavica © 2013 Nordic Federation of Societies of Obstetrics and Gynecology.

  4. Energy and Economic Crisis

    International Nuclear Information System (INIS)

    2000-01-01

    The relationship between the economy and the energy is much more complex of what looks. However, they are continued making, in some cases, absolute statements that used to listen in the past as dogmas, among those that are highly correlated in energy consumption and the Gross National Product GNP and that the countries follow the same development pattern more or less, mainly in connection with the energy consumption. Such statements are not completely misses, neither completely correct and they have behind many simplifications. Of a part, of the historical evolution analysis of several countries or groups of countries on long periods, it confirms the fact that the economic growth, induces an increment in general in the total consumption of energy and vice versa: Energy available with more speed and to smaller price it favors the economic development. Other important factors that impact in the growth of the energy consumption, besides the economic development, are, among, the population's increment, the state of technological development and the cultural customs of use

  5. Obesity and economic environments.

    Science.gov (United States)

    Sturm, Roland; An, Ruopeng

    2014-01-01

    This review summarizes current understanding of economic factors during the obesity epidemic and dispels some widely held, but incorrect, beliefs. Rising obesity rates coincided with increases in leisure time (rather than increased work hours), increased fruit and vegetable availability (rather than a decline in healthier foods), and increased exercise uptake. As a share of disposable income, Americans now have the cheapest food available in history, which fueled the obesity epidemic. Weight gain was surprisingly similar across sociodemographic groups or geographic areas, rather than specific to some groups (at every point in time; however, there are clear disparities). It suggests that if one wants to understand the role of the environment in the obesity epidemic, one needs to understand changes over time affecting all groups, not differences between subgroups at a given time. Although economic and technological changes in the environment drove the obesity epidemic, the evidence for effective economic policies to prevent obesity remains limited. Taxes on foods with low nutritional value could nudge behavior toward healthier diets, as could subsidies/discounts for healthier foods. However, even a large price change for healthy foods could close only part of the gap between dietary guidelines and actual food consumption. Political support has been lacking for even moderate price interventions in the United States and this may continue until the role of environmental factors is accepted more widely. As opinion leaders, clinicians play an important role in shaping the understanding of the causes of obesity. © 2014 American Cancer Society.

  6. ASEAN: perspectives on economic integration: ASEAN in Asia economic integration

    OpenAIRE

    Shaobang Kang

    2009-01-01

    Asia is one continent which has the most dynamic and the fastest developing economies in the world. But Asia’s economic integration is developing too slowly and stands at the lowest level in the world. Many factors have affected Asia’s economic integration but, in the current global financial and economic crisis, it is necessary to strengthen Asian countries’ cooperation in finance, investment and trade to promote Asia’s economic integration. As the healthiest and most integrated regional org...

  7. A booming economy means a bursting trauma system: association between hospital admission for major injury and indicators of economic activity in a large Canadian health region.

    Science.gov (United States)

    Roberts, Derek J; Das, Debanjana; Mercado, Michelle; Vis, Christine; Kortbeek, John B; Kirkpatrick, Andrew W; Ball, Chad G

    2014-05-01

    Injury epidemiology fluctuates with economic activity in many countries. These relationships remain unclear in Canada. The annual risk of admission for major injury (Injury Severity Score ≥12) to a high-volume, level-1 Canadian trauma center was compared with indicators of economic activity over a 16-year period using linear regression. An increased risk of injured patient admissions was associated with rising mean gross domestic product (GDP [millions of chained 2002 dollars]) (.36 person increase per 100,000 population/$1,000 increase in GDP; P = .001) and annual gasoline prices (.47 person increase per 100,000 population/cent increase in gasoline price; P = .001). Recreation-related vehicle injuries were also associated with economic affluence. The risk of trauma patient mortality with increasing mean annual GDP (P = .72) and gasoline prices (P = .32) remained unchanged. Hospital admissions for major injury, but not trauma patient mortality, were associated with economic activity in a large Canadian health care region. Copyright © 2014 Elsevier Inc. All rights reserved.

  8. The Opinions of Economics Majors before and after Learning Economics

    Science.gov (United States)

    Hammock, Michael R.; Routon, P. Wesley; Walker, Jay K.

    2016-01-01

    Using longitudinal data on undergraduates from 463 American colleges and universities from 1994-99, the authors examine how majoring in economics affects student opinions on 13 social, political, and economic issues. Economics majors were found to begin and end their college tenure with differing opinions on several issues when compared to other…

  9. National Identity and Economic Nationalism: Can an Economic ...

    African Journals Online (AJOL)

    Since the demise of economic Marxism, the global environment has sought to uphold economic liberalism as the only successful theoretical position. The theoretical position of economic nationalism was relegated to obscurity on the basis that it was considered protectionist, stifled international trade and led to the creation ...

  10. Institutional economics and economic organisation theory: An integrated approach

    NARCIS (Netherlands)

    Slangen, L.H.G.; Loucks, L.A.; Slangen, A.H.L.

    2008-01-01

    This publication presents one of the first attempts to integrate two emerging bodies of economic research: institutional economics and organizational theory. It begins within the framework of neoclassical economics, and then extends the boundaries of this framework to offer answers to questions that

  11. Institutional economics and economic organisation theory : an integrated approach

    NARCIS (Netherlands)

    Slangen, L.H.G.; Loucks, L.; Slangen, A.H.L.

    2008-01-01

    This publication presents one of the first attempts to integrate two emerging bodies of economic research: institutional economics and organizational theory. It begins within the framework of neoclassical economics, and then extends the boundaries of this framework to offer answers to questions that

  12. Space and economics : An introduction to regional economics

    NARCIS (Netherlands)

    Heijman, W.J.M.; Schipper, R.A.

    2010-01-01

    The subject area Regional Economics is becoming more and more topical. This means that in economic analyses the production factor 'space' is of increasing importance. This study book aims to integrate space in the area of General Economics in an analytical way. Models and their applications play a

  13. Economic Inequality and Economic Crisis: A Challenge for Social Workers

    Science.gov (United States)

    Goldberg, Gertrude Schaffner

    2012-01-01

    To social workers, extreme economic inequality is primarily a violation of social justice, but this article shows how growing economic inequality since the mid-1970s was not only unjust, but also dysfunctional to the U.S. economy and linked to the recent economic crisis with its devastating effects, particularly on the social work clientele. The…

  14. Population and economic development in Sarawak, Malaysia

    OpenAIRE

    Furuoka, Fumitaka

    2014-01-01

    This paper chooses a Malaysian state in Borneo Island, Sarawak, as the case study to examine the relationship between population growth and economic development. The findings imply that there is no statistically significant long-run relationship, but a causal relationship between population growth and economic development in Sarawak. In other words, the empirical findings indicate that population can have neither positive nor negative impact on economic development. The findings also indicate...

  15. Entrepreneurial Diversity and Economic Growth

    NARCIS (Netherlands)

    I. Verheul (Ingrid); A.J. van Stel (André)

    2007-01-01

    textabstractMost studies investigating the relationship between entrepreneurship and economic growth treat entrepreneurs as a homogeneous group. This study investigates the impact of entrepreneurial diversity on national economic growth. Using data for 36 countries participating in the Global

  16. AFRICAN JOURNAL OF ECONOMIC REVIEW

    African Journals Online (AJOL)

    Dr Kazungu

    SME Credit Financing, Financial Development and Economic Growth in Nigeria. Alimi, Y. Olorunfemi1 and ..... Economic Backwardness in Historical Perspective: A Book of Essays. Cambridge, Mass: Harvard University Press. Hicks, J. (1969).

  17. What's Wrong with Economics Textbooks?

    Science.gov (United States)

    Culyer, A. J.

    1985-01-01

    Many things are wrong with college level economics textbooks. For example, they are too ahistorical, too particularist, or unsystematically eclectic. The requirements of a good college economics textbook are examined. (RM)

  18. Gloves-off Consumer Economics.

    Science.gov (United States)

    McGowan, Daniel A.

    1992-01-01

    The evolution of the consumer economics course at Hobart and William Smith College demonstrates its mainstreaming in the liberal arts curriculum. The course uses principles of economics to address broad and often controversial consumer issues. (SK)

  19. Economics of Electronic Information Provision

    National Research Council Canada - National Science Library

    Cornish, Graham P

    2004-01-01

    .... The economics of marketing as an aspect of availability will be explored. Different markets will need to be identified and their differing economic relationships to the publisher and the user will be described...

  20. PUBLIC EDUCATION AND ECONOMIC COMPETITIVENESS

    Directory of Open Access Journals (Sweden)

    Gabriel-Andrei Donici

    2011-09-01

    Full Text Available There is a certain connection between education and economic competitiveness. The relation between these two concepts is easy to intuit. On the medium and long term investments in education generate astrong increase in a country’s level of economic competitiveness. Through education the human capital is formed, and it affects all economic fields. Therefore we can observe that human capital has a decisive influence on the economic competitiveness of a country.

  1. The poverty of liberal economics

    OpenAIRE

    Brady, David

    2003-01-01

    Liberal economic precepts have long been a foundation for the social science of poverty and continue to profoundly influence public policy. Liberal economics contends that poverty is dependent on the harmonious progress of economic growth, free market capitalism, worker productivity, and the supply and demand of labor. This paper traces its origins from classical economics and its influence throughout contemporary social science, public policy and conventional wisdom. Next, I evaluate the lib...

  2. Estimating North Dakota's Economic Base

    OpenAIRE

    Coon, Randal C.; Leistritz, F. Larry

    2009-01-01

    North Dakota’s economic base is comprised of those activities producing a product paid for by nonresidents, or products exported from the state. North Dakota’s economic base activities include agriculture, mining, manufacturing, tourism, and federal government payments for construction and to individuals. Development of the North Dakota economic base data is important because it provides the information to quantify the state’s economic growth, and it creates the final demand sectors for the N...

  3. Financial history and financial economics

    OpenAIRE

    Turner, John D.

    2014-01-01

    This essay looks at the bidirectional relationship between financial history and financial economics. It begins by giving a brief history of financial economics by outlining the main topics of interest to financial economists. It then documents and explains the increasing influence of financial economics upon financial history, and warns of the dangers of applying financial economics unthinkingly to the study of financial history. The essay proceeds to highlight the many insights that financi...

  4. Regional and economic development

    International Nuclear Information System (INIS)

    Fortin, P.

    2004-01-01

    A leading economics expert was asked to list the economic advantages and disadvantages associated with electricity exports. This paper presents his expert opinion and presents a regional and economic analysis of the hydroelectric reserves that Hydro-Quebec should maintain in order to ensure long-term reliability of energy supplies while maintaining its potential for profitable exports. Electricity exports from Hydro-Quebec are extremely profitable for the province. From 1999 to 2003, net cumulative exports of 63 TWh brought in 4.2 billion dollars to the province of Quebec. This income was redistributed to Quebecers in the form of low energy prices. From 1994 to 2003, the average annual electricity export from Hydro-Quebec was 18 TWh which represents 11 per cent of all electricity delivered by the producer. Most of this export was sold to short-term markets. This ensures that electricity remains available to Quebec should the need arise. Long term sales agreement have never dominated the utility, and today account for only 1.5 per cent of electricity production. In order to ensure a secure electricity supply, Hydro-Quebec has kept a safety margin of 10 TWh through its large hydro-reservoirs. However, the year 2003 proved to be a difficult year for the producer due to low precipitation. The safety margin was completely consumed and the utility had to import electricity. A theoretical analysis of the market suggests that Hydro-Quebec's safety margin should be increased from 10 to 20 TWh to better meet energy demands during years of low precipitation. 1 tab., 2 figs

  5. Economic Sanctions Overview

    Directory of Open Access Journals (Sweden)

    Marian Dent

    2015-01-01

    Full Text Available The Sanctions Seminar held on November 19 was organized by LexisNexis Russia in cooperation with ANO Pericles.The Seminar theme was ‘Economic Sanctions Overview: Due Diligence and AML Procedures.’ In the course of the seminar, practicing lawyers, compliance and AML professionals had the opportunity to interact on the scope of US A and EU Sanctions and their impact on global business transaction, as well as get a better understanding of the due diligence procedures necessary in order to comply with a such complex environment.

  6. China Report, Economic Affairs.

    Science.gov (United States)

    1987-02-03

    in economic relations and trades frequently suffered losses in terms of foreign exchange rates . We would like to cite some examples below. -- At the...for the equipment is to be paid, the factory will have to lose some $54,83 million in terms of foreign exchange rates . When placing the deposit, the...they had handed in their deposits in the U.S. dollar to the banks and never cared about the changes in foreign exchange rates during the opening of

  7. Economics of nuclear power

    International Nuclear Information System (INIS)

    Bupp, I.C.; Derian, J.C.; Donsimoni, M.P.; Treitel, R.

    1975-01-01

    Present trends in nuclear reactor costs are interpreted as the economic result of a fundamental debate regarding the social acceptability of nuclear power. Rising capital costs for nuclear power plants are evaluated through statistical analysis of time-related factors, characteristics of licensing and construction costs, physical characteristics of reactors, and geographic and site-related factors. Conclusions are drawn regarding the impact of social acceptability on reactor costs, engineering estimates of future costs, and the possibility of increased potential relative competitiveness for coal-fueled plants. 7 references. (U.S.)

  8. Confrontation of economic politics

    Directory of Open Access Journals (Sweden)

    Noralv Veggeland

    2017-12-01

    Full Text Available Keynesianism is a national focused economic theory. The Keynesian theory builds on the assumption that prices and wages are sticky sizes evolves imbalance; high inflation or deflation follows. This in combination with various market crises, such as the current financial crisis, is suggesting that the market always fails, both in achieving full employment and avoiding crisis that affects unemployment. Thus, Keynesian argues that for an active state stabilization and labor market policy in the form of fiscal and monetary policies that can create just full employment and good business, while market deregulation and laissez-faire policies fail.

  9. KAZAKHSTAN ECONOMIC SAFETY RISE

    Directory of Open Access Journals (Sweden)

    G. G. Rakhmatulina

    2011-01-01

    Full Text Available Economic safety of the Republic of Kazakhstan essentially depends on how the Republic’s transit potential is used and how internal demands in energy resources are met. There are many legal, investment, technological and other challenges with respect to these aspects. Main ways to solvethe problems are: to form potential transit development legislation conforming to respective international standards; to take specific transport infrastructure modernization measures; to simplify railway and road transport state border crossing procedures; to develop service facilitiesalong interstate trunk roads; to improve competitiveness of domestic oil-processing enterprises; to further develop integrative cooperation withRussia in the oil processing field.

  10. Nuclear power safety economics

    International Nuclear Information System (INIS)

    Legasov, V.A.; Demin, V.F.; Shevelev, Ya.V.

    1984-01-01

    The existing conceptual and methodical basis for the decision-making process insuring safety of the nuclear power and other (industrial and non-industrial) human activities is critically analyzed. Necessity of development a generalized economic safety analysis method (GESAM) is shown. Its purpose is justifying safety measures. Problems of GESAM development are considered including the problem of costing human risk. A number of suggestions on solving them are given. Using the discounting procedure in the assessment of risk or detriment caused by harmful impact on human health is substantiated. Examples of analyzing some safety systems in the nuclear power and other spheres of human activity are given

  11. The Philippine economic mystery

    OpenAIRE

    Robert H. Nelson

    2007-01-01

    The poor economic performance of the Philippines over the long term is a puzzle and an apparent anomaly for the region. The decline in the Philippines' global position from the first part of the 20th century is particularly striking when viewed against the backrdrop of rapid income gains in countries of East and Southeast Asia, countries the Philippines used to surpass in terms of physical and human capital. While there have been a number of attempts to explain the puzzle—difficult geography,...

  12. Economics of nuclear power

    International Nuclear Information System (INIS)

    Marwah, O.S.

    1982-01-01

    There can be no precise economic measures, in the abstract, of the costs of nuclear power production in the less-developed countries (LDCs). The conditions that affect the calculations have to be evaluated specifically for each country and individually for each nuclear-related project in that country. These conditions are a combination of internal and external factors, and their mix for one project can change during the course of construction. The author lists 21 factors that may vary according to individual national costs. 6 references, 4 tables

  13. Economics of food irradiation

    International Nuclear Information System (INIS)

    Kunstadt, P.; Steeves, C.; Beaulieu, D.

    1993-01-01

    The number of products being radiation processed worldwide is constantly increasing and today includes such diverse items as medical disposables, fruits and vegetables, spices, meats, seafoods and waste products. This range of products to be processed has resulted in a wide range of irradiator designs and capital and operating cost requirements. This paper discusses the economics of low dose food irradiation applications and the effects of various parameters on unit processing costs. It provides a model for calculating specific unit processing costs by correlating known capital costs with annual operating costs and annual throughputs. It is intended to provide the reader with a general knowledge of how unit processing costs are derived. (author)

  14. Life extension economic analysis

    International Nuclear Information System (INIS)

    Smithling, A.P.

    1992-01-01

    Life extension economic analyses of fossil fueled power plants need the development of consistent methods which consider the capital costs associated with component replacement or repair and estimates of normal station capital expenditures over the units remaining life. In order to link capital and production costs, Niagra Mohawk Power Corp. develops most and worst cases. A most case includes capital components that would definitely need replacement or modification for life extension. The worst case scenario contains must case capital costs plus various components which may need replacement or modification. In addition, two forecasted conditions are used, base case capacity and low capacity

  15. AFRICAN JOURNAL OF ECONOMIC REVIEW

    African Journals Online (AJOL)

    Dr Kazungu

    Monetary Policy Shocks and Industrial Output in Nigeria: A Dynamic Effect .... most studies have focused on monetary policy and economic growth, they have paid less ..... Unpublished M.Sc. Thesis, Department of Economics Obafemi Awolowo, Ile- .... “Differential Impacts of Export Expansion on Economic Growth in the.

  16. Syntactical Analysis of Economics Textbooks.

    Science.gov (United States)

    Wilcox, George K.

    An analysis of the syntax of economics textbooks was undertaken to (1) provide real-language examples of the difficult grammatical structures being taught in an advanced economics reading course, and (2) construct a factual database of the nature of economics textbooks. Five texts representative of those typically used in introductory economics…

  17. INFORMATION TECHNOLOGIES IN ECONOMIC EDUCATION

    OpenAIRE

    I.A. Kinash

    2011-01-01

    In the article the basic aspects of the use of modern information technologies in an educational process are examined. Described directions of introduction of information technologies in economic education. Problems which are related to practice of professional preparation of specialists of economic specialities are examined. The role of information technologies in professional activity of specialists of economic type is underlined.

  18. INFORMATION TECHNOLOGIES IN ECONOMIC EDUCATION

    Directory of Open Access Journals (Sweden)

    I.A. Kinash

    2011-11-01

    Full Text Available In the article the basic aspects of the use of modern information technologies in an educational process are examined. Described directions of introduction of information technologies in economic education. Problems which are related to practice of professional preparation of specialists of economic specialities are examined. The role of information technologies in professional activity of specialists of economic type is underlined.

  19. Economic calculation in socialist countries

    NARCIS (Netherlands)

    Ellman, M.; Durlauf, S.N.; Blume, L.E.

    2008-01-01

    In the 1930s, when the classical socialist system emerged, economic decisions were based not on detailed and precise economic methods of calculation but on rough and ready political methods. An important method of economic calculation - particularly in the post-Stalin period - was that of

  20. Economic growth and business cycles

    NARCIS (Netherlands)

    Canton, E.J.F.

    1997-01-01

    This thesis contains five essays on economic growth and business cycles. The main focus is on the interaction between economic growth and the cycle: is cyclical variability good or bad for the long-run rate of economic growth? The introduction aims to provide some empirical evidence for an

  1. Nigerian Journal of Economic History

    African Journals Online (AJOL)

    The Nigerian Journal of Economic History (NJEH) seeks to promote the scholarly study of Africa's and the developing world's past economic issues and events from a diversity of perspectives notably those of History, Economics, and other relevant disciplines. The Journal, which encourages careful formulation of issues and ...

  2. Different perspectives on economic base.

    Science.gov (United States)

    Lisa K. Crone; Richard W. Haynes; Nicholas E. Reyna

    1999-01-01

    Two general approaches for measuring the economic base are discussed. Each method is used to define the economic base for each of the counties included in the Interior Columbia Basin Ecosystem Management Project area. A more detailed look at four selected counties results in similar findings from different approaches. Limitations of economic base analysis also are...

  3. Entropy and Economics

    Directory of Open Access Journals (Sweden)

    John Scales Avery

    2012-04-01

    Full Text Available In this essay, human society is regarded as a “superorganism”, analogous to colonies of social insects. The digestive system of the human superorganism is the global economy, which ingests both free energy and resources, and later excretes them in a degraded form. This process involves an increase in entropy. Early in the 20th century, both Frederick Soddy and Nicholas Georgescu-Roegen discussed the relationship between entropy and economics. Soddy called for an index system to regulate the money supply and a reform of the fractional reserve banking system, while Georgescu-Roegen pointed to the need for Ecological Economics, a steady-state economy, and population stabilization. As we reach the end of the fossil fuel era and as industrial growth falters, massive unemployment can only be avoided by responsible governmental action. The necessary steps include shifting labor to projects needed for a sustainable economy, dividing the available work fairly among those seeking employment, and reforming the practices of the financial sector.

  4. Scottish economic bulletin

    International Nuclear Information System (INIS)

    1993-01-01

    The evidence of recovery in the United Kingdom (UK) economy, which had tentatively emerged in the second half of 1992, became stronger in the first half of this year. Examination of the components of total final demand shows that the UK has a longstanding preference to consume rather than to save and invest. Government policy in the 1990s will seek to create the conditions in which this balance can be altered. Given that consumer spending accounts for over half of final demand, the behaviour of the consumer remains a key determinant of the timing and strength of economic recovery. Data for the service sector in Scotland show that employment levels have held up much better than in Great Britain as a whole, although there is some evidence of the later impact of the recession on Scotland. The short-term prospects for the Scottish economy continue to be critically dependent on the export sector, given the depreciation of sterling since the suspension of exchange rate mechanism (ERM) membership, the fall in short-term UK interest rates and the continued improvement in relative manufacturing unit costs. The principal worry concerns the demand prospects in Scotland's major export markets, especially in Europe. Most independent economic forecasters expect that gross domestic product (GDP) growth in Scotland will be below that of the UK in 1993 and 1994. However, the unemployment rate is expected to remain lower in Scotland than in the UK over this period. (author)

  5. Economic fork lifters

    Energy Technology Data Exchange (ETDEWEB)

    Roedig, W

    1981-01-01

    Increased energy costs attribute new interest to the choice between electric fork lifters and fork lifters driven by combustion engines. The advantages and shortcomings of the two drive systems are listed. As previous cost-comparisons are no longer up-to-date a new comparison is made in order to find out which of the three types works most economically: electric diesel- or fuel gas driven fork lifters. The comparison is based on a one-year-operation with a load capacity of 1,5 to 5 tons under normal stress conditions. The following parameters are compared: sum of investments, depreciation, interest rates, fixed costs per annum and per hour of operation. Variable costs like: repair costs, costs for replacement parts, energy cost and total cost. The three-wheeled electric fork lifter has proved to be the most economic one followed by the diesel-driven fork lifter, the four-wheel electric fork lifter and the fuel-gas driven fork lifter.

  6. When Economics Meets Law

    DEFF Research Database (Denmark)

    Elsmore, Matthew James

    This is not an ordinary textbook, which reflects the author and intended audience, and mostly the subject of study. The subject of ‘law-and-economics’ can be intimidating to begin with, bringing together arguably two very old and very different disciplines into one learning challenge. In my...... experience, many readers and students of law-and-economics feel they have to work twice as hard for half the reward. It is not a traditional subject. This first impression may be with some good reason, but let me assure you the subject’s bark is far worse than its bite, at least with the help of this book......’s approach reflects around two decades of teaching and research in the subject of law-and-economics. A main piece of feedback I receive regularly is the difficulty of the subject and the inability to find out what it’s all about, neither of which are helped by the perceived unsuitable US-biased textbooks...

  7. Advances in mathematical economics

    CERN Document Server

    Maruyama, Toru

    2000-01-01

    The role of asymmetric information in allocation of resources, together with the associated information-revelation process, has long been a central focus of economic research. While the bulk of the literature addresses these is­ sues within the framework of principal-agent relationship, which essentially reduces the problem to the sole principal's (the sole Stackelberg leader's) optimization problem subject to the agents' (the Stackelberg followers') re­ sponses, there are recent attempts to extend analysis to other economic setups characterized by different relationships among decision-makers. A notable strand of such attempts is the core analysis of incomplete in­ formation. Here, there is no Stackelberg-type relationship, and more impor­ tantly the players can talk to each other for coordinated choice of strategies. See, e.g., Wilson (1978) for a pioneering work; Yannelis (1991) for formula­ tion of feasibility of a strategy as its measurability; Ichiishi and Idzik (1996) for introduction of Bayesian ...

  8. CORRELATION BETWEEN ECONOMIC GROWTH AND UNEMPLOYMENT

    Directory of Open Access Journals (Sweden)

    Savu Mihaela

    2013-06-01

    Full Text Available The mankind progress is built on economic growth.Yet, the high rates of economic growth must be properly used and correlated with other macroeconomic indicators in order to get the aimed effects.At the Romanian economic level, there is an inverse ratio connection between the gross domestic product and the unemployed number, a connection of low intensity.The correlation of these two indicators was established using parametric and nonparametric methods of analyzing the statistic connection using the informatic soft. Setting the recession function allows us to calculate the unemployed number depending on the forecasting of the economic growth in Romania.

  9. The contention within health economics: a micro-economic foundation using a macro-economic analysis.

    Science.gov (United States)

    Yaxley, I L

    1998-03-01

    Health economists claim to use market economics combined with the micro-economic concepts of opportunity cost and the margin to advise on priority setting. However, they are advising on setting priorities through a macro-economic analysis using the costs of the supplier, thus prioritising the producer and not the consumer as the dynamic of economic activity. For health economists any contention within priority setting is due to lack of data not their confusion over fundamental concepts.

  10. The Economics of Colon Cancer.

    Science.gov (United States)

    Orangio, Guy R

    2018-04-01

    The economic burden of cancer on the national health expenditure is billions of dollars. The economic cost is measured on direct and indirect medical costs, which vary depending on stage at diagnosis, patient age, type of medical services, and site of service. Costs vary by region, physician behavior, and patient preferences. When analyzing the economic burden of survivors of colon cancer, we cannot forget the societal burden. Post-acute care and readmissions are major economic burdens. People with colon cancer have to be followed for their lifetime. Economic models are being studied to give cost-effective solutions to this problem. Copyright © 2017 Elsevier Inc. All rights reserved.

  11. Macro-economic environmental models

    International Nuclear Information System (INIS)

    Wier, M.

    1993-01-01

    In the present report, an introduction to macro-economic environmental models is given. The role of the models as a tool for policy analysis is discussed. Future applications, as well as the limitations given by the data, are brought into focus. The economic-ecological system is described. A set of guidelines for implementation of the system in a traditional economic macro-model is proposed. The characteristics of empirical national and international environmental macro-economic models so far are highlighted. Special attention is paid to main economic causalities and their consequences for the environmental policy recommendations sat by the models. (au) (41 refs.)

  12. Literacy, health and economic factors

    OpenAIRE

    Kukubajska, Marija Emilija; Koceva, Sonja

    2015-01-01

    Economic disadvantage in less developed regions of the world is expected to result into higher illiteracy rate, among children in particular. Some developed countries do not follow this pattern. A paradox indicates: they pay special attention to nutrition and dietetics, yet record surprising illiteracy. Poor regions welcome new concepts of healthy nutrition and healthy education, while they also integrate existing traditional nutrition, just as developed societies promote health agricultural ...

  13. Equity, Economic Growth and Lifestyle

    DEFF Research Database (Denmark)

    Meyer, Niels I; Nørgaard, Jørgen; Hvelplund, Frede

    2011-01-01

    sources (RES) in the supply sector and energy efficiency in the demand sector. Much less attention has been given to potential changes in life style and to alternative economic and social systems. This chapter will focus on non-technological strategies for mitigation of global warming including...... such questions as national and international equity, “limits to growth”, alternative employment policies, military and security policy and alternatives to traditional GDP as the dominant indicator of welfare and of sound development....

  14. Conservation through the economics lens.

    Science.gov (United States)

    Farley, Joshua

    2010-01-01

    Although conservation is an inherently transdisciplinary issue, there is much to be gained from examining the problem through an economics lens. Three benefits of such an approach are laid out in this paper. First, many of the drivers of environmental degradation are economic in origin, and the better we understand them, the better we can conserve ecosystems by reducing degradation. Second, economics offers us a when-to-stop rule, which is equivalent to a when-to-conserve rule. All economic production is based on the transformation of raw materials provided by nature. As the economic system grows in physical size, it necessarily displaces and degrades ecosystems. The marginal benefits of economic growth are diminishing, and the marginal costs of ecological degradation are increasing. Conceptually, we should stop economic growth and focus on conservation when the two are equal. Third, economics can help us understand how to efficiently and justly allocate resources toward conservation, and this paper lays out some basic principles for doing so. Unfortunately, the field of economics is dominated by neoclassical economics, which builds an analytical framework based on questionable assumptions and takes an excessively disciplinary and formalistic approach. Conservation is a complex problem, and analysis from individual disciplinary lenses can make important contributions to conservation only when the resulting insights are synthesized into a coherent vision of the whole. Fortunately, there are a number of emerging transdisciplines, such as ecological economics and environmental management, that are dedicated to this task.

  15. Homo Oeconomicus and Behavioral Economics

    Directory of Open Access Journals (Sweden)

    Justyna Brzezicka

    2014-12-01

    Full Text Available Recent years have witnessed a growing interest in behavioral trends in both economic theory and practical applications. As a science with vast potential for explaining complex market behaviors, behavioral economics is drifting away from the classical model of homo oeconomicus deployed by mainstream economics. This paper discusses the significance and role of the homo oeconomicus model in light of behavioral economics. It analyzes the direction of changes affecting homo oeconomicus, examines the definition of anomalies within the context of behavioral economics and discusses the anomalous status of homo oeconomicus. The paper proposes a hypothesis that the attitude characterizing homo oeconomicus is unique and incidental. The presented interdisciplinary analysis relies on economics, behavioral economics, economic psychology, behavioral finance and the methodology of science to discuss the homo oeconomicus model. The paper reviews change trends in economics, which are largely propelled by advancements in behavioral economics. The key methodological tools deployed in this paper are theoretical analysis and a compilation of extensive research findings. The results were used to formulate new theories advocating the development of a modern approach to the homo oeconomicus model, recognizing its significance and the growing importance of behavioral economics.

  16. Contours of New Economic Theory

    Directory of Open Access Journals (Sweden)

    Garry Jacobs

    2015-05-01

    Full Text Available The need for a paradigm change in economic thought has been well established, but the contours and fundamental characteristics of a new paradigm in economic theory are yet to be worked out. This article views this transition as an inevitable expression of the maturation of the social sciences into an integrated trans-disciplinary science of society founded on common underlying principles, premises and processes. It calls for evolution of human-centered, value-based economic theory whose objective is to maximize human economic security, welfare and well-being rather than economic growth. It emphasizes the determinative role of fundamental creative social processes expressing in all fields of human endeavor. It argues for extending the boundaries of economics to encompass the entire gamut of political, legal, social, psychological, intellectual, organizational and ecological factors that directly and indirectly contribute to economic security, welfare and well-being. The article concludes with a list of anticipated practical implications.

  17. Real analysis with economic applications

    CERN Document Server

    Ok, Efe A

    2011-01-01

    There are many mathematics textbooks on real analysis, but they focus on topics not readily helpful for studying economic theory or they are inaccessible to most graduate students of economics. Real Analysis with Economic Applications aims to fill this gap by providing an ideal textbook and reference on real analysis tailored specifically to the concerns of such students. The emphasis throughout is on topics directly relevant to economic theory. In addition to addressing the usual topics of real analysis, this book discusses the elements of order theory, convex analysis, optimization, correspondences, linear and nonlinear functional analysis, fixed-point theory, dynamic programming, and calculus of variations. Efe Ok complements the mathematical development with applications that provide concise introductions to various topics from economic theory, including individual decision theory and games, welfare economics, information theory, general equilibrium and finance, and intertemporal economics. Moreover, a...

  18. STYLIZED ECONOMIC FACTS OF TRANSITION

    Directory of Open Access Journals (Sweden)

    NATASHA TRAJKOVA-NAJDOVSKA

    2017-12-01

    Full Text Available In the course of transition, former socialistic countries moved from planned to market economy. This journey typically started with sharp falls in economic activity in all transition countries, accompanied by deterioration of various social indicators. Hence, their main objective was the recovery of economic activity, i.e. increasing the economic growth rate, which in addition was supposed to enable catching up with the European developed economies. This growth movement is usually described by famous U-curve of transition. However, in spite of the efforts and reforms, all transition economies recorded various paces of recovery. This study discusses that difference, through various GDP indicators, - real GDP path, GDP growth rates path, the height of the GDP index achieved and the volatility of growth rates. Analysed in concert, these indicators suggest several other variations of the transition Ucurve, such as: the rapid-J group, the wide-U group and the L-curve group. Namely, almost three decades after the start of the transition, the differences persist, suggesting that some transition economies has not moved significantly towards catching up with the successful transition countries, or with the developed economies.

  19. Essays in public economics

    Science.gov (United States)

    Seligman, Jason Scott

    2002-01-01

    Three essays in the field of public economics are included in this thesis. Chapter 1 begins this work with an introduction to public economics and places the remaining chapters in context. Like all economic agents, the government must manage its cash position. Chapter 2 considers this activity. Short-term financial requirements cause the government to solicit the market for bills not previously scheduled (Cash Management Bills). Using data from the US Treasury's Proprietary Domestic Finance Database, this chapter shows that these bills have higher costs than normal bills, suggesting that both Treasury and financial markets appreciate that demand is more inelastic for these instruments. In addition, this research identifies several factors that increase finance costs for Treasury in meeting short-term financial need. Chapter 3 explores location choices for generation investment in a re-regulated electricity market. Recently, there have been significant changes in the regulation of electricity in the State of California. These changes may affect generation investment behavior within the State, an important consideration for policy makers. This work identifies the impact of public sector regulatory change on private sector investment outcomes, by comparing the location and scope of electricity generation projects before and after two specific regulatory changes in air quality management and transmission tariff charges, while controlling for expected population growth patterns within the State. Significant changes in location preference are identified using factors for the northern and southern transmission zones, NP15 and SP15, the intermediate zone ZP26, and for areas outside of ISO control. Chapter 4 considers Disability Insurance and individual public pension investment accounts. Current debate on the Social Security Administration's long-term finance of benefits includes proposals for independent private investment via individual accounts. The author investigates

  20. Population and economics.

    Science.gov (United States)

    Wright, W

    1995-06-01

    The first world consists of the developed industrial countries, the second consists of rapidly developing countries, and the third of less developed, largely pre-industrial countries. The economies of most developed countries in recent years have been relatively stagnant. Most people in the developed world therefore assume that the bottom of the business cycle has arrived and that an upturn will soon be forthcoming. With the exception of the USA and Chile, which have been moderately prosperous in the last few years, the bottom has persisted for a very long time. Indeed, the developed world is not caught in a conventional business cycle, but in something quite new and different. The first world is struggling to stay at the top of countries worldwide both economically and politically, but the second world is rapidly catching up. Populations in these latter countries are both better educated and willing to work harder per unit of capital compared to people in the first world. Marketplace forces and the communication highway are increasingly bring about a scenario in which the first and second worlds will be economic peers. Faced with increased competition from the second world and a larger number of countries capable of providing foreign aid to the third world, it should be clear that the first world will turn inward and reduce its annual aid contributions to less developed countries. It is, however, in the first world's interest to promote family planning toward the goal of reduced population growth. Developed countries should insist that a substantial fraction of whatever foreign aid is provided goes toward reducing the rate of population growth. The first priority should be to make contraceptives available and promote their use worldwide. Efforts should then be taken to empower women through educational and other programs. This approach will slow population growth and improve the economic productivity of both men and women. The Third World should also seriously

  1. Economic impact of refugees.

    Science.gov (United States)

    Taylor, J Edward; Filipski, Mateusz J; Alloush, Mohamad; Gupta, Anubhab; Rojas Valdes, Ruben Irvin; Gonzalez-Estrada, Ernesto

    2016-07-05

    In 2015, the United Nations High Commission for Refugees accommodated over 15 million refugees, mostly in refugee camps in developing countries. The World Food Program provided these refugees with food aid, in cash or in kind. Refugees' impacts on host countries are controversial and little understood. This unique study analyzes the economic impacts of refugees on host-country economies within a 10-km radius of three Congolese refugee camps in Rwanda. Simulations using Monte Carlo methods reveal that cash aid to refugees creates significant positive income spillovers to host-country businesses and households. An additional adult refugee receiving cash aid increases annual real income in the local economy by $205 to $253, significantly more than the $120-$126 in aid each refugee receives. Trade between the local economy and the rest of Rwanda increases by $49 to $55. The impacts are lower for in-kind food aid, a finding relevant to development aid generally.

  2. Nuclear energy. Economical aspects

    International Nuclear Information System (INIS)

    Legee, F.

    2010-01-01

    This document present 43 slides of a power point presentation containing detailed data on economical and cost data for nuclear energy and nuclear power plants: evolution from 1971 to 2007 of world total primary energy supply, development of nuclear energy in the world, nuclear power plants in the world in 2009, service life of nuclear power plants and its extension; nuclear energy market and perspectives at 2030, the EPR concept (generation III) and its perspectives at 2030 in the world; cost assessment (power generation cost, nuclear power generation cost, costs due to nuclear safety, comparison of investment costs for gas, coal and nuclear power generation, costs for building a nuclear reactor and general cost; cost for the entire fuel cycle, the case of the closed cycle with recycling (MOX); costs for radioactive waste storage; financial costs and other costs such as environmental impacts, strategic stocks, comparative evaluation of the competitiveness of nuclear versus coal and gas

  3. Wind energy economics

    International Nuclear Information System (INIS)

    Milborrow, D.J.

    1995-01-01

    The economics of wind energy have improved rapidly in the past few years, with improvements in machine performance and increases in size both contributing to reduce costs. These trends are examined and future costs assessed. As bank loan periods for wind projects are shorter than for thermal plant, the effect on the price of wind energy is discussed. It is argued that wind energy has a higher value than that of centralised plant, since it is fed into the low voltage distribution network and it follows that the price of wind energy is converging with its value. The paper also includes a brief review of the capacity credit of wind plant and an assessment of the cost penalties which are incurred due to the need to hold extra plant on part load. These penalties are shown to be small. (author)

  4. Economics of nuclear power

    International Nuclear Information System (INIS)

    Roth, B.F.

    1977-01-01

    The economics of electricity supply and production in the FRG is to see on the background of the unique European interconnected grid system which makes very significant contributions to the availability of standby energy and peak load power. On this basis and the existing high voltage grid system, we can build large nuclear generating units and realise the favorable cost aspects per installed KW and reduced standby power. An example of calculating the overall electricity generating costs based on the present worth method is explained. From the figures shown, the sensitivity of the generating costs with respect to the different cost components can be derived. It is apparent from the example used, that the major advantage of nuclear power stations compared with fossil fired stations lies in the relatively small percentage fraction contributed by the fuel costs to the electricity generating costs. (orig.) [de

  5. Economic aspects of decommissioning

    International Nuclear Information System (INIS)

    Jenne, C.

    1988-01-01

    Two viewpoints on decommissioning are quoted; the first suggests that decommissioning can be viewed as a technical detail that is of limited relevance whereas the second suggests that decommissioning is a key financial issue. Both are specifically relevant to United Kingdom nuclear power stations. This paper attempts to reconcile the two views. It suggests that decommissioning does raise some important issues for regulation and financing of a privatised industry but, despite this, the economics of nuclear do remain insensitive. The paper begins by examining the significance of decommissioning costs in a number of contexts, including nuclear unit generating costs and financing requirements. It then addresses the degree of uncertainty in the decommissioning cost estimates. With privatisation on the horizon, the paper considers the significance of decommissioning and the associated uncertainty for the investor; this last section considers regulatory issues raised in relation to funding, accounting policy and electricity pricing. (author)

  6. ECONOMICS OF HUMAN RESOURCES

    Directory of Open Access Journals (Sweden)

    IOANA - JULIETA JOSAN

    2011-04-01

    Full Text Available The purpose of this paper is to analyze human resources in terms of quantitative and qualitative side with special focus on the human capital accumulation influence. The paper examines the human resources trough human capital accumulation in terms of modern theory of human resources, educational capital, health, unemployment and migration. The findings presented in this work are based on theoretical economy publications and data collected from research materials. Sources of information include: documents from organizations - the EUROSTAT, INSSE - studies from publications, books, periodicals, and the Internet. The paper describes and analyzes human resources characteristics, human resource capacities, social and economic benefits of human capital accumulation based on economy, and the government plans and policies on health, education and labor market.

  7. The nuclear economic fraud

    International Nuclear Information System (INIS)

    Jeffery, J.W.

    1982-01-01

    Reference is made to a previous publication on the comparative economics of electricity from nuclear and coal-fired power plants. The present paper discusses further publications on this topic, and continues under the headings: propaganda money; the commitment of the CEGB to nuclear power; how to have nuclear electricity without paying for it; hiding the real nuclear costs; the effect of nuclear power on coal prices - the dilemma of nuclear power and dear coal or restricted nuclear power and cheap coal; the effects on electricity prices; the future of coal prices and subsidies; summary of the costs of building nuclear power stations; minimum total costs; the driving forces behind the nuclear programme. (U.K.)

  8. Wind farm economics

    International Nuclear Information System (INIS)

    Milborrow, D.J.

    1995-01-01

    The economics of wind energy are changing rapidly, with improvements in machine performance and increases in size both contributing to reduce costs. These trends are examined and future costs assessed. Although the United Kingdom has regions of high wind speed, these are often in difficult terrain and construction costs are often higher than elsewhere in Europe. Nevertheless, wind energy costs are converging with those of the conventional thermal sources. At present, bank loan periods for wind projects are shorter than for thermal plant, which means that energy prices are higher. Ways of overcoming this problem are explored. It is important, also, to examine the value of wind energy. It is argued that wind energy has a higher value than energy from centralized plant, since it is fed into the low-voltage distribution network. (Author)

  9. Modeling recent economic debates

    Science.gov (United States)

    Skiadas, Christos H.

    The previous years' disaster in the stock markets all over the world and the resulting economic crisis lead to serious criticisms of the various models used. It was evident that large fluctuations and sudden losses may occur even in the case of a well organized and supervised context as it looks to be the European Union. In order to explain the economic systems, we explore models of interacting and conflicting populations. The populations are conflicting into the same environment (a Stock Market or a Group of Countries as the EU). Three models where introduced 1) the Lotka-Volterra 2) the Lanchester or the Richardson model and 3) a new model for two conflicting populations. These models assume immediate interaction between the two conflicting populations. This is usually not the case in a stock market or between countries as delays in the information process arise. The main rules present include mutual interaction between adopters, potential adopters, word-of-mouth communication and of course by taking into consideration the innovation diffusion process. In a previous paper (Skiadas, 2010 [9]) we had proposed and analyzed a model including mutual interaction with delays due to the innovation diffusion process. The model characteristics where expressed by third order terms providing four characteristic symmetric stationary points. In this paper we summarize the previous results and we analyze the case of a non-symmetric case where the leading part receives the information immediately while the second part receives the information following a delay mechanism due to the innovation diffusion process (the spread of information) which can be expressed by a third order term. In the later case the non-symmetric process leads to gains of the leading part while the second part oscillates between gains and losses during time.

  10. Essays in energy economics

    Energy Technology Data Exchange (ETDEWEB)

    Malischek, Raimund

    2016-10-25

    This thesis presents four essays in energy economics. The first essay investigates one of the workhorse models of resource economics, the Hotelling model of an inter-temporally optimizing resource extracting firm. The Hotelling model provides a convincing theory of fundamental concepts like resource scarcity, but very few empirical validations of the model have been conducted. This essay attempts to empirically validate the Hotelling model by first expanding it to include exploration activity and market power and then using a newly constructed data set for the uranium mining industry to test whether a major resource extracting mining firm in the industry is following the theory's predictions. The results show that the theory is rejected in all considered settings. The second and third essays investigate the difference in market outcomes under spot-market based trade as compared to long-term contract based trade in oligopolistic markets with investments. The second essay investigates analytically the difference in market outcomes in an electricity market setting, showing that investments and consumer welfare may be higher under spot-market based trade than under long-term contracts. The third essay proposes techniques to solve large-scale models of this kind, empirically, by exploring the practicability of this approach in an application to the international metallurgical coal market. The final essay investigates the influence of policy uncertainty on investment decisions. With France debating the role of nuclear technology, this essay analyses how policy uncertainty regarding nuclear power in France may feature in the French and European power sector. Applying a stochastic model for the European power system, the analysis shows that the costs of uncertainty in this particular application are rather low compared to the overall costs of a nuclear phase-out.

  11. Essays in energy economics

    International Nuclear Information System (INIS)

    Malischek, Raimund

    2016-01-01

    This thesis presents four essays in energy economics. The first essay investigates one of the workhorse models of resource economics, the Hotelling model of an inter-temporally optimizing resource extracting firm. The Hotelling model provides a convincing theory of fundamental concepts like resource scarcity, but very few empirical validations of the model have been conducted. This essay attempts to empirically validate the Hotelling model by first expanding it to include exploration activity and market power and then using a newly constructed data set for the uranium mining industry to test whether a major resource extracting mining firm in the industry is following the theory's predictions. The results show that the theory is rejected in all considered settings. The second and third essays investigate the difference in market outcomes under spot-market based trade as compared to long-term contract based trade in oligopolistic markets with investments. The second essay investigates analytically the difference in market outcomes in an electricity market setting, showing that investments and consumer welfare may be higher under spot-market based trade than under long-term contracts. The third essay proposes techniques to solve large-scale models of this kind, empirically, by exploring the practicability of this approach in an application to the international metallurgical coal market. The final essay investigates the influence of policy uncertainty on investment decisions. With France debating the role of nuclear technology, this essay analyses how policy uncertainty regarding nuclear power in France may feature in the French and European power sector. Applying a stochastic model for the European power system, the analysis shows that the costs of uncertainty in this particular application are rather low compared to the overall costs of a nuclear phase-out.

  12. Generation IV reactors: economics

    International Nuclear Information System (INIS)

    Dupraz, B.; Bertel, E.

    2003-01-01

    The operating nuclear reactors were built over a short period: no more than 10 years and today their average age rounds 18 years. EDF (French electricity company) plans to renew its reactor park over a far longer period : 30 years from 2020 to 2050. According to EDF this objective implies 3 constraints: 1) a service life of 50 to 60 years for a significant part of the present operating reactors, 2) to be ready to built a generation 3+ unit in 2020 which infers the third constraint: 3) to launch the construction of an EPR (European pressurized reactor) prototype as soon as possible in order to have it operating in 2010. In this scheme, generation 4 reactor will benefit the feedback experience of generation 3 and will take over in 2030. Economic analysis is an important tool that has been used by the generation 4 international forum to select the likely future reactor systems. This analysis is based on 4 independent criteria: the basic construction cost, the construction time, the operation and maintenance costs and the fuel cycle cost. This analysis leads to the evaluation of the global cost of electricity generation and of the total investment required for each of the reactor system. The former defines the economic competitiveness in a de-regulated energy market while the latter is linked to the financial risk taken by the investor. It appears, within the limits of the assumptions and models used, that generation 4 reactors will be characterized by a better competitiveness and an equivalent financial risk when compared with the previous generation. (A.C.)

  13. Economic inequality and economic crisis: a challenge for social workers.

    Science.gov (United States)

    Goldberg, Gertrude Schaffner

    2012-07-01

    To social workers, extreme economic inequality is primarily a violation of social justice, but this article shows how growing economic inequality since the mid-1970s was not only unjust, but also dysfunctional to the U.S. economy and linked to the recent economic crisis with its devastating effects, particularly on the social work clientele. The article identifies interrelated changes in ideology, the market economy, and government policies since the mid-1970s; contrasts the political economy of this period with the preceding post-World War II decades when the trend was toward a "shared prosperity"; and shows how increased economic inequality and political consequences that undermined democracy itself contributed to the economic meltdown. The analysis has implications for the direction of social reform and for broadening the constituency of social movements in pursuit of the social work mission of social justice. How social workers can contribute to such movements and to a reduction of economic and political inequality is explored.

  14. From Psycho-Economics to Neuro-Economics

    OpenAIRE

    Bernard WALLISER

    2012-01-01

    In economics, three nested organizational levels, namely behavioural, mental and neural, can be distinguished. They introduce specific theoretical or observable concepts and suggest their own models for choice making. If psycho-economics relates implemented actions to declared mental states, neuro-economics relates mental states to brain areas. Bridge principles can be defined which link concepts with similar interpretations at two successive levels. Thanks to these principles, relations or e...

  15. Ecological Economics: Themes, Approaches, and Differences with Environmental Economics

    OpenAIRE

    Jeroen C.J.M. van den Bergh

    2000-01-01

    This provides a short overview of the main themes of ecological economics (EE). It isargued that EE provides a platform that fosters multidisciplinary environmental research bybringing together the core contributing disciplines economics and ecology. In addition, EE isregarded as a pluralistic approach to environmental research that can be set opposite to, and hasindeed developed as a response to, traditional environmental and resource economics. Acomparison of the two fields is presented to ...

  16. Eurasian Economic Union: A Regional Economic Hegemony Initiative

    OpenAIRE

    Serdar YILMAZ

    2017-01-01

    It can be assumed that international relations terminology has not mentioned enough about the significance of the Eurasian Economic Union in territorial as well as in economic terms during a period of growing geopolitical risks and high interdependence between the member countries and the rest. According to Kazakhstan’s President Nursultan Nazarbayev, it is truly difficult for states to overcome economic, political and security issues and therefore, states need to act together against the pro...

  17. Essays in renewable resource economics

    International Nuclear Information System (INIS)

    Erdlenbruch, K.

    2005-03-01

    This thesis constitutes a study on renewable resource economics. Chapter 2 presents two types of extracting behaviour in two optimal control models, continuous and impulse control. Chapter 3 analyses stock dependent instruments and shows their advantages. Chapter 4 compares the two types of extracting behaviour and demonstrates that the impulse control generates higher gains, whereas fiscal revenues and stocks are not always higher. Chapter 5 establishes a dynamic game and shows that the scope for cooperation between heterogeneous agents is greatest for intermediary levels of heterogeneity. Chapter 6 studies forest exploitation and fiscal- and regulatory systems of the forest sector in the Democratic Republic of Congo and in France. Finally, chapter 7 presents a study on forest biodiversity and indicates the economic criteria and cutting strategies that are beneficial for biodiversity preservation. (author)

  18. The Impact of the Economic Transition on the Development of Economic Freedom – Case of Poland

    Directory of Open Access Journals (Sweden)

    Anna Stepniak-Kucharska

    2015-06-01

    Full Text Available The changes in the Polish socio-economic system, initiated at the turn of 1989 and 1990, led to a systematic increase in the liberalization of economy and thereby the rise of the level of economic freedom. The aim of this paper is to examine the impact of the economic transition on the development of economic freedom in Poland. The analysis, carried out in the period 1995-2015, was conducted on the basis of the chain-linked Economic Freedom Index by the Fraser Institute and the Index of Economic Freedom of the Heritage Foundation and the Wall Street Journal. The analysis indicates that: (1 Poland cannot be considered as a country that is fully free economically, but the transition of its economic system has resulted in a rapid growth of economic freedom. (2 The impact of transition varies for different areas (sub-indices of the economy. (3 The European economic integration stimulated the increase of EFI, but the economic crisis did not decrease the level of economic freedom.

  19. Financial Development, Environmental Quality and Economic Growth

    Directory of Open Access Journals (Sweden)

    Shushu Li

    2015-07-01

    Full Text Available In this study, the relationships between financial development, environmental quality and economic growth are studied based on data from 102 countries over the period 1980–2010 using the generalized method of moments (GMM estimation. The econometric results show the following three basic conclusions: First, both financial development and environmental quality have a significant impact on economic growth and should be included in the production function of the economic growth model as important variables. Second, there is a significant and robust “inverted U-shaped” relationship between financial development and economic growth; with the improvement of the level of financial development, economic growth would first increase and then decrease, which is consistent with the results of previous studies. Third, there is also a significant and robust “inverted U-shaped” relationship between economic growth and carbon emissions, indicating that there exists a “critical point” at which achieving economic growth comes at the expense of environmental quality, and after passing the critical point, the deterioration of environmental quality will lead to a significant slowdown in economic growth. In addition, the econometric analysis in this paper also shows that there was a mutually promoting and strengthening relationship between financial development and environmental quality. Specifically, the degree of financial development can further strengthen the promoting effect of environmental quality on economic growth; meanwhile, an improvement in environmental quality can also strengthen the promoting effect of financial development on economic growth. Financial development and environmental quality could influence economic growth through strengthening the marginal product effects of capital and labor, which further indicates the that both financial and environmental factors play an important role in modern economic development.

  20. Africa's Failed Economic Development Trajectory: A Critique

    African Journals Online (AJOL)

    there is something wrong with economic development in Africa. ... indicators, and predictions – findings which have substantial implications for judging whether there is .... Rosenstein-Rodan's steps, although recaliberating his thesis of economic ...... 'International regime governance and apparel labour upgrading in export.