This research forecasts the sales of an innovative agro-industrial product, the feta cheese from buffalo milk, in Thailand using limited information from January 2000 to August 2012. It aims to find how much data sufficiently needed for the prediction of accurate sales concerning that newly...

The recent global financial crisis was a reminder that economic and financial stability are inextricably linked. To that end, there has been significant effort in policy and academic circles to incorporate real-financial linkages and macroprudential policies into existing macroeconomic models....

We reassess, with industry-level data, the scale effect from trade protection, by means of a comprehensive fixed-cost variable, composing both technology coeficient and firms size, and a comparative (international) analysis. Evidence is based on Brazil’s manufacturing industries during its...

Aim of the research is an analysis of the mechanism of transmission of the disturbances caused by the supply or price shocks in such economic systems as the supply chains, linked markets, etc. The interest of the study is focused on the propagation of shocks in the complex systems with...

Comprehensive economic models in general, and macro-fiscal integrated models in particular, are needed to ensure consistency and optimality in constructing government annual integrated budgets and economic development programmes. Mathematical models can provide decision-makers and planners with...

Rare Earths are a group of 17 metals which were presumably unknown to the vast majority of people until very recently. The combination of growing demand and tightened export restriction by China, which holds almost monopolistic power in their supply, has led to massive price increase in 2011....

Analyzing the dynamics of structural change of an industry is a fundamental but challenging issue in economics. Accordingly, many attempts have been made to rationalize entry and exit decisions of firms, which, in total, appear as structural change of a sector. Among the most often hypothesized...

Most technologies used nowadays are complex in the sense that the production processes (and products themselves) consist of a large number of components which might interact with each other in complementary ways. Based on this insight, the current paper assumes that the total productivity of any...

This paper presents a new approach to solve dynamic decision models in economics. The proposed procedure, called Nonlinear Model Predictive Control (NMPC), relies on the iterative solution of optimal control problems on finite time horizons and is well established in engineering applications for...

Ghersi and Hourcade (2006) proved that the impact of technical constraints (often derived from bottom-up models) may result in strong macroeconomic impacts. Therefore, the modeling choices of the representation of technical change in CGE models affect the evaluation of the cost of climate and...