With the globalization process, economic, commercial and technologic boundaries have become uncertain and in this way capital transfer has been possible between different countries. Capital transfers which is realized through short term foreign portfolio investment and foreign direct investment...

In developing countries adequate and necessary investment cannot be realized since their domestic savings rate is low and foreign savings rate is very low. Here FDI helps diminish domestic and foreign savings deficits. Capital account liberalization in Turkey was initiated in conjunction with...

Although the oil price is determined by demand and supply, it is also affected by lots of variables such as economic, political and technical conditions. On the other hand, fluctuations in oil price have also effect on macroeconomic stability. Oil price has an important role in Turkey, since...

Since Max Weber, there has been an active debate on the impact of religion on people’s economic attitudes. Much of the existing evidence, however, is based on cross-country studies in which this impact is confounded by differences in other institutional factors. We use the World Values Surveys...

The globalization of capital markets manifests the triumph of the corporation, as a form of organization, over the State. International corporations both weaken states' ability to monitor human activities, and require states to surrender portions of their sovereignty. This article inquires into...

Virtual worlds promise to be an excellent venue for research and education in business and related disciplines. This document provides an introduction to virtual worlds, discusses why virtual worlds are so well-suited to the study of real-world business, and describes how a platform could weave...

Vickrey formula el Teorema GHV sobre la base de los aportes seminales a la teoría de la renta del suelo y el costo marginal de George y Hotelling. A partir de la formulación del Teorema, este artículo hace aproximaciones a la teoría de la Renta del Suelo Urbano formulada por Jaramillo e...

The transition to an economy that operates on market principles represents a period of profound changes based on redefining the paradigms of development. After more than 20 years from the 1989 events, Romania has already completed some important steps towards an open market economy. The path to...

The volume of profits in an economy is a magnitude, which is out of sight of orthodox macroeconomic textbooks and effectively ignored by neoclassical macroeconomics. In contrast, Kalecki’s approach brings to the forefront the sources of profits and makes possible their further analysis. In a...