This research paper presents four alternative experimental models for monitoring economic failures. These models include the national production function (NP-Function), the multi-level trade creation and trade diversion analytical framework, the mega-economic structures vulnerability analysis...

This paper focuses on developed OECD member economies to examine the impact of trade openness on per capita GDP. Cross-sectional data of the member economies for the year 2010 are used in the empirical analysis. The potential endogeneity problem associated with the measure of trade openness is...

Deteriorating education level, poor institutional performance and low performing students under stress and uncertainty was the problem area covered by research work. School level education is the most important and it sets foundations for further education. Most of the students quit just after...

This article proposes a new economic modeling theoretical framework known as multidimensional real-time economic modeling (MRTE-Modeling). The model is an important tool that economists and educators can use to demonstrate the multidimensional aspects of economic behavior. MRTE-Modeling...

We present a new model on the impact of terrorism on the Deglobalization process. The channels are faster poverty expansion, largest flows of refugees, expansion of trade protectionism, and last but not least, the dramatic expansion of economic desgrowth. This new model is entitled “The...