Decision making on selection of investment project is one of the necessary stages of project analysis. At this stage, a multiplicity of investment projects, various interlinkages and characteristics are ana-lyzed usually. In a general case, when there are a number of variations of a single...

- The paper examines efficiency in public input provision in two large jurisdictions with imperfect labour markets. - It analyses how equilibrium capital tax rates and public input provision levels differ between asymmetric jurisdictions that can strategically influence the interest rate on the...

Recent work on human capital accumulation has tended to abstract from population change. This is a reasonable simplification when analysing economies with relatively static populations, such as high income countries. However, many low income countries are undergoing rapid population change,...

Comparing simulation results obtained by applied general equilibrium (AGE) models using intra-industry trade specifications based on the theoretical models presented by Armington (1969), Krugman (1980), and Melitz (2003) may be important in evaluating trade-related economic policies today. The...

After impressive increase in participation and attainment in the 20th Century, a sense of disillusion has taken root in parts of Europe and N-America as to the effectiveness of formal education for social and economic advancement. For example, Goldin & Kats (2009) note that education attainment...

To identify the impact of external shock focusing on research exchange rate volatility on banking industry, micro level. This important since the response of individual Bank may vary: and as well as their strategy from monetary authority perspective this research can provide a more precise...

After the 2008 global economic crisis, as one of the emerging markets, Indonesia experiences a lot of capital inflows. The increase in capital inflows stimulated economic activities and caused macroeconomic fluctuations. This study focused on the analysis of pull and push factors that affect the...

This paper explores the role played by product variety and quality in a real business cycle model.Firms are heterogeneous in terms of their specific quality as well as productivity level. Firms which have costly technology enter in the period of high aggregated demand and produce high quality...

A large portion of the Indonesian population is entering the middle-class as its economy is growing rapidly. Nielsen, a leading media research said that currently, middle class in Indonesia is the third-largest in the world. There are about 74 million middle classes in Indonesia, and this number...

Under Zero Interest Financial System, Profit Loss Sharing (PLS) contract supposedly is the primary vehicle of incurring debt by a business. However, factually, for various reasons that is not the case as of now. An alternative mode of financing called Mark-up (MU) has stepped in as the favored...