Over the periods 1998-2002 and 2009-2011, the S&P-500 Index went from persistence to anti-persistence mode, as measured by the Hurst index H. To uncover the reasons that characterize such a change, this paper uses a simple method that consists in treating quasi self-similar segments of the Index...

The article is devoted to the study of theoretical background of formation of green business development financial mechanism. The term «financial mechanism of establishment and development of green business» is defined. Its elements and levels of realization are disclosed.

The global financial and economic crisis, and in particular the perceived failure of economics to predict the crisis, has led to questioning of the methodology of economics. Some have championed the methodological approach of ‘critical realism’ as fostering a more realistic economic theory...

Some historians marked the year 6000 B.C. as the dawn of Chinese civilization. The way which the history of this great country of the planet it was developing in the last 65 years is the premise of the demonstration made by China, which has become - in our opinion - the most important and recent...

On May 29, 2014, Russia, Belarus and Kazakhstan signed the Treaty for the establishment of the Eurasian Economic Union (EEU), the organization will operate from 1 January 2015. Creation of the Eurasian Economic Union will allow a high level of integration. The three countries have assumed such...

This paper by applying Data Envelopment Analysis (DEA) ranks Economics journals in the field of Accounting, Banking and Finance. By using one composite input and one composite output the paper ranks 57 journals. In addition for the first time three different quality ranking reports have been...

For decades, the academic literature has focused on three survey measures of expected inflation: the Livingston Survey, the Survey of Professional Forecasters, and the Michigan Survey. While these measures have been useful in developing models of forecasting inflation, the data are low frequency...

In this paper we study a new factor that matters for fertility and consumption decisions: the risks associated with having and raising a child. We analyze a real options model with incomplete markets to explicitly model both children as a risky investment and the parental option to time...

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...

The submitted paper is intended to revolutionize the handling methods of credit sheets and the means of collecting budgetary incomes, on one hand, and to allow operators to verify in real time the happening and recording of an economical phenomenon in the area of credit ordination through the...