In this paper we explore the possibility, heretofore unexplored in the marketing literature, that firms “invest funds” in their pricing processes. This builds on some of the recent economic work on the costs of price adjustment. To do this we undertook a two-year, cross- disciplinary,...

This research argues that the rapid expansion of international trade in the second phase of the industrial revolution has played a significant role in the timing of demographic transitions across countries and has thereby been a major determinant of the distribution of world population and a...

This paper develops a growth theory that captures the replacement of physical capital accumulation by human capital accumulation as a prime engine of growth along the process of development. It argues that the positive impact of inequality on the growth process was reversed in this process. In...

This research demonstrates that human capital accumulation by the poor is only possible if a minimum level of health and well-being has been attained. When families do not have enough resources to invest in the satisfaction of basic needs and health care, and finance is not available for this...

Over the issue of the difference or otherwise between economically active children and home-care children, there are two competing claims by researchers. One holds that economically active children and home- care children are the same in that both groups of children have identical determinants,...

The paper proposes an alternative methodology for testing signalling hypothesis based on chances to get a job in a particular class of the job market. The individuals are ranked and matched by an external mechanism, based on preferences of employers in respect to actual observable and perceived...

Gelir dagilimi, insanlik tarihinde hep bir sorun olarak var ola gelmistir. Fakat bu sorun, son bir kac yüzyildir varligini daha cok hissettirmistir. Modern caglarda ekonomi biliminin insanliga sundugu ekonomik optimizasyonlar, goz ardi edilen gelir daðilimi sorunu hakkinda cok fazla bir sey...

The paper underlines the division of labour principle for understanding the development of the entrepreneurial process within a social network; the principal background premise is that the two crucial factors affecting the entrepreneur when he is creating a new business are his previous...

Productive consumption enables the satisfaction of current needs and, at the same time, increases the productive potential of labour. Theoretical as well as empirical evidence suggests that productive consumption is primarily relevant to low-income countries. From the perspective of growth...

This chapter examines the process of development from an epoch of Malthusian stagnation to a state of sustained economic growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of income per capita, technology, and population over the course...