The last one and a half centuries have witnessed dramatic changes in the world economy. The service (tertiary) sector, which at the beginning of the 20th century was of little importance relative to agriculture and manufacturing, has become the dominant sector today, accounting for 80% and more...

This paper estimates the effect of air transport on local production in the manufacturing and service sectors. The analysis is conducted using data from the United States. These effects are important for the design of policies that aim to develop an airport or to otherwise attract airlines to...

This study focuses on the regulations and policy launched by the Association of Southeast Asian Nations (ASEAN) responding to the emerging media convergence and Over-the-top (OTT) services. These issues have become more of a concern due to their huge impact on the digital economy. Regarding the...

During the last years, gravity equations have leapt from the trade literature over into the literature on financial markets. Martin and Rey (2004) were the first to provide a theoretical model for cross-border asset trade, yielding a structural gravity equation that could be tested empirically....

Rapid changes in technology, integration and specialization of individual economies reinforce trade motives and the consequences of integration into the world trade system. The Visegrad countries (Czech Republic, Hungary, Poland and Slovakia) have undergone fundamental structural changes in...