Purpose: Inventories are introduced as a productive input into a real-business-cycle (RBC) setup augmented with government. Design/Methodology/Approach: The model is calibrated to Bulgarian data for the period 1999-2019. The quantitative importance of the presence of inventories is investigated....

Variance-Gamma model is widely used for option pricing; however there has been little research on empirical performance of this model for emerging market economies. In this paper, we evaluate the goodness-of-fit of the Variance-Gamma model using index returns data from ten different emerging...

The present article is based on a 175-nation, 26 standard predictor variables study on the determinants of seven important indicators of social conditions on a global scale. The standard predictors cover all major development accounting theories today, including a) Demographic factors, b)...

This study tries to understand how Turkish online consumers perceive value for their purchase intentions. It develops a model in order to test the effect of value perception on buying intentions of those consumers. Besides, the model covers the effects of risk perception, quality perception,...