The importance of Doing Business Index indicators as a determinant of FDI has glimmered attention in determining their relationships. The present study intended to explore the relationships between Doing Business indexes and FDI. The study investigates the relationship between the foreign direct...

This document analyzes the rationality of keeping international reserves, which are used as a type of insurance in the event of external financing problems and to mediate in the type of exchange rate. Here it is argued that it is not possible to separate both objectives. This explains why the...

This paper examines two important channels which influence the dynamic absorption of remittances at the macroeconomic level: (i) the presence of borrowing constraints, and (ii) the distribution of remittances across recipient households. Using an open economy DSGE model with heterogeneous...

This article is an addition to a series of online publications on the natural science foundations of the global economy. In Parts I-XI, we presented the concepts of physical macroeconomics published earlier in interdisciplinary journals and books. These logically interconnected concepts are...

A new type of outsourcing, export outsourcing, has become increasingly important in recent years. Export outsourcing is the practice in which firms that receive export orders subcontract part or all of order to low-wage countries, playing the dual role of a middleman and a manufacturer. Its...

This article continues a series of online publications on the natural science foundations of the global economy. Physical macroeconomics includes a logically consistent set of concepts supported by macroeconomic empirical evidence.The central concept is that the economy is a social living system...

The paper continues a series of publications on the natural science foundations of the global economy. Physical macroeconomics treats the global economy as a living system, formed during biological and socio-economic evolution.In this Part VI of physical macroeconomics, qualitatively...

The paper continues a series of publications on the natural science foundations of the global economy. Physical macroeconomics treats the global economy as a living system, formed during biological and socio-economic evolution.In this part of physical macroeconomics, the energy sources of the...

The principle of system similarity (isomorphism) between economic value and thermodynamic free energy is discussed. Based on this principle, macroeconomic efficiency is defined as the ratio of GDP and primary energy. It is demonstrated that moderate inflation and macroeconomic efficiency growth...

Four principles of living systems (openness, isomorphism, feedbacks and steady state) formulated by Bertalanffy in his General System Theory, are fully applicable to the economy. In addition to these principles, we introduce the fifth one – the creation of information. By creating information...