SEE economies are faced with solving current crisis and establishing the economic system based on growth and sustainable development. A challenge for the economics has been to find metrics to gauge the extent to which society has become more dependent on knowledge production. Although there is...

The general accepted point of view is of lasting or viable or sustainable development, within which is monitored the interaction of four systems’ compatibility: economic, human, environmental and technological, so to assure the satisfaction of the present’s needs, without compromising the...

The objective of this paper is to analyse, compare and present different practices of sustainable development in EU member states. The paper is represented as a comparative study of policies of sustainable development in Sweden and Slovenia. These two countries were selected based on the...

Local entrepreneurial potential remains an untapped resource in the economy of Romania,firstly because of the deficient access to information for the majority of the population, and secondly thefear of daring action and taking some risks. Therefore the European Union, through its...

Tudományos vita blogon? Rövid expozíció, jelzésszerű hivatkozások, sebesen levont kö vetkeztetések. Személyes hang, egy-két poén, work-in-progress hangulat. A krónikásnak nincs könnyű dolga, amikor az eszmetörténet-írás hagyományos eszközeivel közelít az új műfajhoz,...

We build a variation of the neoclassical growth model in which both wealth shocks (in the sense of wealth destruction) and financial shocks to households generate recessions. The model features three mild departures from the standard model: (1) adjustment costs make it difficult to expand the...

Using data from world stock exchange indices prior to and during periods of global financial crises, clusters and networks of indices are built for asset graphs based on distance thresholds and diverse periods of time, so that it is then possible to analyze how clusters are formed according to...

This paper provides a “non-extensive” information theoretic perspective on the relationship between risk and incomplete states uncertainty. Theoretically and empirically, we demonstrate that a substitution effect between the latter two may take place. Theoretically, the “non-extensive”...

In this paper we investigate trading with optimal mean reverting portfolios subject to cardinality constraints. First, we identify the parameters of the underlying VAR(1) model of asset prices and then the quantities of the corresponding Ornstein-Uhlenbeck (OU) process are estimated by pattern...

Intraday volatility and market impact models in volume time are proposed. We build an intraday volatility profile to capture non-stationarity of intraday price returns and utilize a fractional Brownian motion process to measure deviations from square root scaling rule of volatility. <p> We propose...</p>