In this paper a new approach will be presented for solving one the complicated problems in power systems, known as the unit commitment. Indeed, in this paper, the proposed unit commitment is converted and formulated as the mixed-integer linear programming (MILP) model and solved by utilizing the...

This paper studies the link between local public spending and popular support and investigates its persistence across institutional transitions and over the long term. I explore the foundation of Mussolini's New Towns (Città di Fondazione) in Fascist Italy, a major infrastructure investment...

Whenever recession looms around, experts start blaming policy paralysis, wrong policies, policy implementation and vision of the government. Policy makers, their advisers and economist will think around narrow technical aspects of ‘economics’. Economists will talk about structural problems....

This study examines the spatial impact of FDI on the poverty of 44 African countries. In achieving this, the study uses the Driscoll-Kraay fixed effect instrumental variable regression, instrumental variable generalised method of moments estimator (IV-GMM), and the spatial durbin model. The...

Abstract The current Covid-19 pandemic is rapidly calling into question the functioning models of both the economy and society at large that until recently were taken for granted. This challenge is urging scholars and research centres to ponder the perspectives of the globalization process which...

Abstract The current Covid-19 pandemic is rapidly calling into question the functioning models of both the economy and society at large that until recently were taken for granted. This challenge is urging scholars and research centres to ponder the perspectives of the globalization process which...

The revolution in information and communication technologies that has taken place in the world over the past 30 years has led to a radical increase in the level of connectedness of people in society. The significantly increased intensity of direct communications as a result of this, as well as...

This study is based on the hypothesis that human's natural abilities to take into account the activities of other people manifest themselves as a coordinating behavior, which in the economy is realized in the form of a purposeful coordinating activity of human agents. The instrument of...

The foundation upon which this paper was submitted is to rigorously conceptualize the adoption, and the interpretation in the use of the term ‘Fragility’ in a strict economics perspective, to avoid the continual arbitrary interpretation of the terminology that confuses its explanation power...

The foundation upon which this paper was submitted is to rigorously conceptualize the adoption, and the interpretation in the use of the term ‘Fragility’ in a strict economics perspective, to avoid the continual arbitrary interpretation of the terminology that confuses its explanation power...