Infrastructure construction and use is at the heart o the current political debate. Not only are European member state governments investing large amounts of money to alleviate the harmful effects of the economic downturn due to the credit crisis, EU accession countries receive large amounts of cohesion funds for infrastructure purposes. Infrastructure is widely believed to contribute largely to economic performance, but to what extent is this the case? How does the productivity of roads, railways and ports relate to the invested money, and what determines their effectiveness?
In...
Infrastructure construction and use is at the heart o the current political debate. Not only are European member state governments investing large ...
This book builds a framework for macroeconomic modeling of monetary unions, starting from the standard two-country Mundell-Fleming model with perfect capital mobility, extended and modified in versions illustrating small and large monetary unions.
This book builds a framework for macroeconomic modeling of monetary unions, starting from the standard two-country Mundell-Fleming model with perfect ...
Provides a short review of the classical approach to planning and decision making under uncertainty. This book explains the concept of state-contingent goods, describing production under uncertainty to the problems involved in optimising production under uncertainty.
Provides a short review of the classical approach to planning and decision making under uncertainty. This book explains the concept of state-contingen...
The manuscript reviews some key ideas about artificial intelligence, and relates them to economics. These include its relation to robotics, and the concepts of synthetic emotions, consciousness, and life. The economic implications of the advent of artificial intelligence, such as its effect on prices and wages, appropriate patent policy, and the possibility of accelerating productivity, are discussed. The growing field of artificial economics and the use of artificial agents in experimental economics is considered.
The manuscript reviews some key ideas about artificial intelligence, and relates them to economics. These include its relation to robotics, and the co...
In this book the author reflects on the philosophical and ethical bases of the financial crisis 2007-08 and the subsequent recession. He finds in Adam Smith solid arguments for the new free market economy, capitalism, but also arguments for a role for the government in the case of public goods (roads) and of merit goods (education, control of banking). Where the provision of public goods requires that the government respect consumer sovereignty there the provision of merit goods legitimizes the violation of that principle. By making use of the history of economic thought (e.g., the...
In this book the author reflects on the philosophical and ethical bases of the financial crisis 2007-08 and the subsequent recession. He finds in Adam...
In production and service sectors we often come across situations where females remain largely overshadowed by males both in terms of wages and productivity. Men are generally assigned jobs that require more physical work while the 'less' strenuous job is allocated to the females. However, the gender dimension of labor process in the service sector in India has remained relatively unexplored. There are certain activities in the service sector where females are more suitable than males. The service sector activities are usually divided into OAE and Establishments. In this work, an attempt...
In production and service sectors we often come across situations where females remain largely overshadowed by males both in terms of wages and pro...
In the first decade of the twenty-first century, the biggest event of worldwide proportion was the 2008 global financial crisis, which was caused primarily by ineffective governance, failed surveillance systems, and implementation flaws. While fiscal and monetary policies succeeded in pulling many countries out of a financial freefall, most economies have performed beneath pre-recession levels as governments continued to struggle with their finances.
Examining the financial crisis from the viewpoint of intangible assets provides a different perspective from traditional economic...
In the first decade of the twenty-first century, the biggest event of worldwide proportion was the 2008 global financial crisis, which was caused p...
Bank panics have always mattered because they create serious disruptions in economic and financial activity, depressing national economies. But they matter even more now, as information and communications technologies have stitched together a global financial system that is more vulnerable to crisis on a large scale. For example, the global bank panic of 2007-08 froze up the national economies of the U.S., England, France, Iceland, Ireland, and Germany -- all at the same time. And each of their governments had to act to bail out their own banks, without a consistent international...
Bank panics have always mattered because they create serious disruptions in economic and financial activity, depressing national economies. But the...
In the first decade of the twenty-first century, the biggest event of worldwide proportion was the 2008 global financial crisis, which was caused primarily by ineffective governance, failed surveillance systems, and implementation flaws. While fiscal and monetary policies succeeded in pulling many countries out of a financial freefall, most economies have performed beneath pre-recession levels as governments continued to struggle with their finances.
Examining the financial crisis from the viewpoint of intangible assets provides a different perspective from traditional economic...
In the first decade of the twenty-first century, the biggest event of worldwide proportion was the 2008 global financial crisis, which was caused p...
This book provides a critical re-examination of the Innovation Union Scoreboard (IUS) as the main tool used by the European Commission and other policy-making bodies to measure national innovation capacity. Given that contemporary societies and economies are to a great extent characterised by the processes of production, dissemination and application (re-combination) of knowledge, the accurate monitoring and measurement of R&D efficiency and innovation performance on national, regional and firm level are of outmost importance. The contextual reconstruction of the model of indicators used by...
This book provides a critical re-examination of the Innovation Union Scoreboard (IUS) as the main tool used by the European Commission and other polic...
