We examine the link between equity risk premiums and demographic changes using a very long sample over the whole twentieth century for the US, Japan, UK, Germany and France, and a shorter sample covering the last third of the twentieth century for fifteen countries. We find that demographic...

In the post-colonial world, the countries of South Asia have evolved politically in different ways, amidst internal and regional conflicts, but retained some commonality of institutions and cultures. Since the 1990s, the promise of market-led development and the growth of a middle class,...

In the context of the modern human societies, the conceptualization of the quality of life involves other approaches. The scientific 'refining' of the concept leads to finding 'intimate resorts', both theoretical and practical, called to lead to new results. Building a coherent image on the...

Ante las crisis, del tipo que sean, económicas, de inseguridad, etc. las personas reaccionan (aumentando el ingreso o modificando hábitos de consumo), no queriendo asumir la realidad, para después convertir sus posibles consecuencias en foco de atención, generalmente acompañado de la...

Since the mid-nineties of the twentieth century begins a rapid expansion of rural tourism in Serbia. In the first initial phase, the development has taken place without a clear plan and program. The first achieved positive results, influenced that Serbian Government since 2008 started with...

For much of human history, most people have been deprived of liberty without economic and investment opportunities being driven by poor living. Today, however, say that living in the most prosperous in history. In trying to remove poverty, disease, ignorance around the world, given the fact that...

The paper examines marketing patterns when interest and storage loss rates are greater in rural zones, representing informal sector storage usually on-farm, than in urban zones, representing formal sector storage off-farm. Empirical results indicate that divergences in interest and storage loss...

This paper presents a new analytical framework for assessing spatial disparities among countries. It takes for granted that the analysis of a country’s performance cannot be limited solely to either economic or social factors. The aim of the paper is to combine relevant economic and...

This article discusses the impact of the current stagflation in Pakistan on the labor market and poverty. The paper presents a preliminary explanation of why the labor market and poverty impact of the current stagflation may be far smaller than projected in recent studies, especially for the...

Since the seminal work of Sen, it has been acknowledged that poverty is a multidimensional phenomenon and the unprecedented availability of relevant data has renewed interest in the multidimensionality of the poverty. The purpose of present study is to estimate the multidimensional poverty in...