Despite rising popularity of subjective well-being (SWB) as a proxy for utility, its relationship with income is still unresolved. Against the background of debates around the 'Easterlin paradox', this paper seeks a compromise between two positions: one that insists on individual relative...

This article aims to highlight eight implications presented by the demographic environment in the economic, social and cultural fields. More specifically, we will deal with how the ageing of the population, evident in the advanced countries, infers a set of threats related to: 1) The...

Tensions between national democratic accountability and transnational challenges undermine trust and collective action. Asymmetry between an integrated global economy, fragmented global community, and defective global polity, causes social turbulence. Facing technological disruption, we need a...

California is world-renowned for the ability to produce world class quality wine. At the center of this achievement is the development of Napa as a premier wine producing region. We examine the sources of Napa's success by testing factors from leading industrial location theories against...

The impact of individual psychological and social conditions on participation in entrepreneurship has been widely studied. However, little is known about these variables' comparative influence on the development of nascent ventures in countries with different levels of gross domestic product per...

Auch rund 25 Jahre nach dem Mauerfall verfügen private Haushalte in Ostdeutschland mit im Durchschnitt 67 400 Euro über nicht einmal halb so hohe Vermögen wie die in Westdeutschland, wo es rund 153 200 Euro sind. In beiden Landesteilen ist der Immobilienbesitz die quantitativ wichtigste...

Very nearly 25 years after the fall of the Berlin Wall, households in eastern Germany have an average net worth of 67,400 euros which is less than half that of their counterparts in western Germany with an average net worth of 153,200 euros. In both parts of the country, real estate ownership is...

The aim within this paper is to analyze the difference between momentum and contrarian portfolios constructed under the cross-sectional and time-series analysis, within the commodity futures markets. The returns indicate that the contrarian portfolios are the most profitable, as well as it's...

Purpose: the objective is to measure the financial and social performance of 127 microfinance institutions (MFIs) and observe the effects with explanatory factors such as 'type', 'geography region', and 'secular and faith' variables. Design/methodology/approach: The time-series performance...