Large shocks, such as natural disasters, are often found to have little or no effect on the equilibrium distribution of economic activity across space. Two apparently competing theoretical explanations for this phenomenon are the increasing returns theory and the locational fundamentals theory....

The engagement of independent experts or expert organizations in the process of delivery of public services and performing government functions is one of the most important form of public participation in the creation and/or implementation of public policy (creation of general principles as well...

The article suggests using a reasonable algorithm to develop and implement the directions of economic diversification in a single-industry city.

The theoretical and methodical support of the budget and fiscal relations improvement has been substantiated. A methodical approach to the improvement of budget and fiscal relations has been offered, which includes preparatory, analytical, providing and final blocks, and is based on the...

In this study we evaluate the impact of demographic change on energy use. The results are obtained from calibrated overlapping generations general equilibrium model for Italy. Contrary to studies based on partial equilibrium regression models, or fixed price models that are unable to account for...

Using a newly assembled, consistent and disaggregated dataset (12 goods and 7 services) on internal and bilateral trade for 25 European countries, we analyse the difference between trade in goods and services. The measurement of both trade in goods and trade in services is improved over earlier...

Economic systems often are described in matrix form as x=Mx. We present a new theorem for systems of this type where M is square, nonnegative and indecomposable. The theorem discloses the existence of additional economic relations that have not been discussed in the literature up to now, and...