This study examines the effects of military expenditure on investment in 13 selected OECD countries over the period of 1971–2012 by applying the Smith Demand-Side model and different estimation methodologies including panel data, cross section and time series estimation methods. Our empirical...

Ethanol has gradually gain momentum in the world’s energy market in recent decades with Brazil the largest producers. The issue of price linkage among ethanol, sugar and oil is particular interesting and important in the context of Brazilian sugarcane sector. By accounting for the possible...

What are the gains from international trade? And how do immigrants influence this process? While economists have considered these questions before, particularly in the context of aggregate trade flows, there has been no work assessing the relation between immigration and international trade in...

The defence-growth nexus has been investigated by many studies and has always been a controversial area of research. By applying an Augmented Solow Growth Model integrated with a military burden variable, this paper examines the effect of military expenditure on economic growth for 21 OECD...

We address the NP-hard problem of scheduling n independent jobs with release dates, due dates, and family setup times on a single machine to minimize the maximum lateness. This problem arises from the constant tug-of-war going on in manufacturing between efficient production and delivery...

We consider the NP-hard problem of scheduling n jobs in m two-stage parallel flow shops so as to minimize the makespan. This problem decomposes into two subproblems: assigning the jobs to parallel flow shops; and scheduling the jobs assigned to the same flow shop by use of Johnson’s rule. For...

We analyze the performance of the greedy algorithm for the on-line two-machine open shop scheduling problem of minimizing makespan, in which time lags exist between the completion time of the first and the start time of the second operation of any job. The competitive ratio for the greedy...

This paper considers a dynamic overbooking problem for parallel substitutable flights with different departure times. Those flights have multiple fare classes, and reservations are allowed to be canceled with costs. If the go-shows of a flight are larger than its capacity, then some of them may...

Neither simple average nor import-weighted average tariff indexes are ideal measures of tariff barriers. In this paper, we propose a generalized trade restrictiveness index (GTRI) that extends Feenstra’s (1995) tariff restrictiveness index (TRI) by relaxing the crucial assumption of a small...