This paper examines the impact of natural gas consumption, real gross fixed capital formation and trade on the real GDP in case of Tunisia over the period of 1980-2010. We used Auto-Regressive Distributed Lag (ARDL) bounds testing approach to test the existence of long run relationship between...

Many procedures have been suggested for the venerable problem of dividing a set of indivisible items between two players. We propose a new algorithm (AL), related to one proposed by Brams and Taylor (BT), which requires only that the players strictly rank items from best to worst. Unlike BT, in...

This paper examines the impact of natural gas consumption, real gross fixed capital formation and trade on the real GDP in case of Tunisia over the period of 1980-2010. We used Auto-Regressive Distributed Lag (ARDL) bounds testing approach to test the existence of long run relationship between...

A cake is a metaphor for a heterogeneous, divisible good, such as land. A perfect division of cake is efficient (also called Pareto-optimal), envy-free, and equitable. We give an example of a cake in which it is impossible to divide it among three players such that these three properties are...

This paper assesses impacts of EU CAP implementation on Bulgarian farms of different type and specialization. First, a framework for assessing the CAP effects on farms is presented. Next, an evaluation is made of the impacts of CAP on: economic results and income of farms; production and...

This paper employs New Institutional and Transaction Costs Economics to ana-lyze Bulgarian agriculture. It evaluates the efficiency of dominant governing forms on the eve of EU accession, and assesses the likely impact of CAP im-plementation on farming structures. Firstly, assessment is made on...

This paper suggests a holistic framework for assessing farm competitiveness, and analyses competitiveness of different type of Bulgarian farms. First, it present a new approach for assessing farm competitiveness defining farm competitiveness and its three criteria (efficiency, adaptability and...

Despite a bourgeoning literature on the existence of a long-run relationship between energy consumption and economic growth, the findings have failed to establish clearly the direction of causation. A growing economy needs more energy, which is exacerbated by growing population. Evidence...

The analysis shows cointegration between exports, economic growth and financial development in case of Pakistan. The results that economic growth and financial development stimulate rate of exports growth in Pakistan. The causality analysis reveals bidirectional causal relationship between...

The March 11, 2011 earthquake, tsunami and nuclear plant accident have had immense impacts on Japanese agri-food sector. Previous analysis has demonstrated that some of the impacts that triple disaster are difficult to identify and assess due to the insufficient information, controversial data,...