Generation (or a posteriori) methods in Multi-Objective Mathematical Programming (MOMP) is the most computationally demanding category among the MOMP approaches. Due to the dramatic increase in computational speed and the improvement of Mathematical Programming algorithms the generation methods...

The calculation of the exact set in Multi-Objective Combinatorial Optimization (MOCO) problems is one of the most computationally demanding tasks as most of the problems are NP-hard. In the present work we use AUGMECON2 a Multi-Objective Mathematical Programming (MOMP) method which is capable of...

This paper discusses the bi-objective multi-dimensional knapsack problem. We propose the refinement of the core concept that has already effectively been used in the single objective multi-dimensional knapsack. The core concept is based on the divide and conquer principle. Instead of solving the...

For more than 40 years, Mathematical Programming is the traditional tool for energy planning at the national or regional level aiming at cost minimization subject to specific technological, political and demand satisfaction constraints. The liberalization of the energy market along with the...

We examine the impact of institutional quality and social capital on aid effectiveness. We find strong evidence that social capital and institutions enhance aid effectiveness. Moreover, once we account for the role of social capital and institutions, the impact of policies tend to disappear....

The present paper examines the impact of different aid types, namely project aid, programme aid, technical assistance and food aid on the fiscal sector of the aid-recipient economy by using time-series data for Côte d’Ivoire over the period 1975–99. Empirical results obtained by estimating...

The paper examines the role of the multinational development banks in private sector financing with a particular focus on the International Finance Corporation (IFC). The aim of the paper is to bring to focus, in an analytical manner, the past activities and operations as well as the problems...

The paper uses different measures of financial sector development for a dynamic heterogeneous panel of 17 African countries to examine the impact of financial sector development on private savings. An innovative econometric methodology is also employed related to a series of cointegration tests...

Using dynamic econometric techniques the paper investigates the determinants of private saving in Sri Lanka with a primary focus on the role of financial sector development. Empirical evidence is obtained indicating the existence of the Ricardian equivalence hypothesis, and the significance of...

We consider an overlapping generations model with two production factors and two types of agents in the presence of financial intermediation and its application to the Russian default of August 1998. The paper focuses on the analysis of the consequences of a sudden negative repayments shock on...