Along with the economic globalization, economics must decode a more complex reality, to which classical answers are no longer helpful. Due to excessive abstraction and mathematical representation, the economic and social phenomena are partially analyzed and understood - after the delimitation...

The unintelligibility of the social and economic phenomena is due to isolation from the various backgrounds that has driven and maintained them. The conspiratorial reasoning insists over those backgrounds and focuses on identifying the intentionality in the primary cause. Throughout history,...

In the last decade, the internet has evolved in an amazing tool having a major impact on all life aspects. The possibility to make online transactions, without being necessary to leave the house, was something new, an idea which changed from that moment the way business were made and perceived....

This paper provides a critical analysis of the strategic trade policy, in terms of limitations and difficulties involved in its implementation. Even there are many arguments used by its supporters for justifying the importance of this type of measures, it is impossible for the state to formulate...

This study applies the nonparametric estimation procedure to the diffusion process modeling the dynamics of short-term interest rates. This approach allows us to operate in continuous time, estimating the continuous-time model, despite the use of discrete data. Three methods are proposed. We...

The issue of over-utilization of medical procedures has generated strong debate in the United States. It is well acknowledged that, in the agency relationship between physicians and patients, the informational advantage gives doctors an incentive to deviate from the appropriate treatment as...

The adoption of a Taylor-type monetary policy rule and an inflation target for emerging market economies that choose a flexible exchange rate regime is often advocated. This paper investigates the issue of exchange rate determination when interest-rate feedback rules are implemented in a...

This work focuses on the importance of local incentives, in the region of Tras-os-Montes and Alto Douro (Portugal), during the 12th and the 16th centuries. It aims to test the hypothesis that actualised incentives are factors of municipal attractivity. For this purpose, a model is enunciated; this...

Potential links between inflation, (t), and unemployment, UE(t), in Germany have been examined. There exists a consistent (conventional) Phillips curve despite some changes in monetary policy. This Phillips curve is characterized by a negative relation between inflation and unemployment with...

Institutional competition is often discussed as an instrument of market creation and preservation in transition and development economies. The post-Soviet space offers an interesting case study for the analysis of this problem: increasing international investment flows and absent policy...