This study investigates the relationship between globalization and income inequality by developing a new globalization index based on economic growth. In addition two other indices of globalization, non-parametric Kearney and parametric principal component analysis are used as benchmarks to...

The process of telecommunication liberalization and increased competition evolves fast and as a result the market competition and the structure of mobile industry changes heterogeneously across the Middle East and North African (MENA) countries. This study attempts to analyze the effects of...

Mongolian economy has evolved rapidly in recent decades. It has a number of particular features which makes it interesting to study from a development perspective. One is the landlocked condition which limits its development potential. Another is its high dependence on a few products and natural...

This study is an empirical investigation of causal factors of pay inequality and its relationship with firm performance using firm level data in Vietnam. Both nonparametric and parametric approaches are used for the purpose. The Gini coefficient and Theil-T index are employed to measure pay...

In the literature technical change is mostly assumed to be exogenous and specified as a function of time. However, some exogenous external factors other than time can also affect technical change. In this paper we model technical change via time trend (purely external non-economic) as well as...

Information and Communication Technology (ICT) has developed rapidly in the recent decades. The industrial nations are the derivations of the development and use of new communication technologies. As such today industrial nations have a continuously higher communications technology standard. As...

This paper introduces an agent-based simulation model representing the dynamic processes of cooperative R&D in the manufacturing sector of South Korea. Firms¡¯ behaviors were defined according to empirical findings on a dataset from the internationally standardized Korean Innovation Survey in...

This study reviewed broad theories of economics and case studies to explain the phenomenon of accelerating economic growth in industrial society. Based on economic literature of economic growth theories, the causes of the acceleration of economic growth in industrial society are identified, and...

Economies in knowledge-based societies grow faster than in previous agricultural and industrial societies. This growth is based on the information and communications technology (ICT) development. The production function of ICT industries shows increasing returns to scale. The network effect of...

According to Buchanan and Congleton (1998), the generality principle in politics blocks special interests. Consequently, the generality principle should thereby promote economic efficiency. This study tests this hypothesis on wage formation and labor markets, by investigating whether generality...