This study undertakes a critical analysis of measures of environmental and sustainable socioeconomic welfare from the perspective of political economy. One of the prime motivations for such an inquiry is that Gross Domestic Product (GDP) provides an inadequate measure of social and ecological...

Magistro baigiamajame darbe nagrinėjami pagrindiniai finansų, kuri peraugo į ekonominę, krizę nusakantys 2005–2009 metų Baltijos šalių ir Europos Sąjungos (ES-27) makroekonominiai ir finansiniai rodikliai ir pateikiamos krizės įveikimo priemonės, remiantis 1992 m. Švedijos...

Micro economic variables and the macro economic variables affecting the measurement of the profitability of the company therefor it becomes an interesting study. The goal of this research is to investigate the influence of micro economic variables (COGS) and the important macro economic...

The basic structure of our research for this article focuses on identifying, with arguments, reasoning for the following question: „How do we explain the switch between industry and services as a determinant of growth/prosperity for the 28 member countries of the EU?” In order to answer this...

This paper examines the relationship between the logarithms of carbon dioxide (CO2) emissions and real Gross Domestic Product (GDP) in China by applying fractional integration and cointegration methods. These are more general than the standard methods based on the dichotomy between stationary...

Since the efficiency of obtaining energy is decreasing, it is important to determine how the degradation in energy quality will influence society. Despite the rising importance of net energy, few quantitative studies have been conducted on the relationship between energy quality and quality of...

A feature of modern globalization processes is their vulnerability to the volatility of short-term capital flows, which, combined with the growing volatility of commodity prices, have created serious difficulties for the economic policies of commodity-oriented countries. Therefore, the study of...

There was a time when the Federal Reserve believed that honest money—i.e., a stable price level— was essential for achieving full employment. Today, retired Fed officials are recommending that the Federal Open Market Committee (FOMC) target 3-percent inflation. They argue that a 3 percent...

A new options-pricing formula applies to far-out-of-the money put options on the stock market when disaster risk dominates, the size distribution of disasters follows a power law, and the economy has a representative agent with Epstein-Zin utility. The elasticity of the put-options price is one...