Determinants of default risk of banks in emerging economies have so far received inadequate attention in the literature. Using panel data techniques, this paper seeks to examine the impact of macroeconomic and endogenous factors on non-performing assets for the period from 1997-2009. The...

This is a review-article on a book edited by M. Guidi and L. Michelini on marginalism and socialism in Italy during the liberal age 1870-1925.

This paper has done a model analysis from a long-term perspective about Real estate prices in Japan. In particular, we consider a Lewis turning point with the rise of land prices over time. It is analyzed by state space methods. Using the model, we examined how the real estate transactions were...

While the 18th Century economics is generally characterized by economic philosophy of Adam's Smith, its effects could not fully reach the tribal region of Pakistan. This region has a centuries old history. Far from the modern world, people living in these tribal areas had their own rules of...

As an alternative to analyzing field data, our research utilizes controlled laboratory experiments with human decision makers and salient financial incentives. Within the laboratory, we determine (hence, know) the true tax liability, and then identify the effects of information services by...

This paper proposes a novel method of global optimization based on cuckoo-host co-evaluation. It also develops a Fortran-77 code for the algorithm. The algorithm has been tested on 96 benchmark functions (of which the results of 30 relatively harder problems have been reported). The proposed...

This paper addresses the issue of social diversity, with reference to the phenomenon of tourism in Italy. Social inequality influences numerous socio-economic phenomena: tourism has been scarcely examined under this perspective. Tourism has significant effects at social level: both on travellers...

Empirical evidence shows that entrepreneurs hold a large fraction of wealth, have higher saving rates than workers, and face substantial uninsurable entrepreneurial and investment risks. This paper constructs a heterogeneous-agent general equilibrium model with uninsurable entrepreneurial risk...

This paper highlights formally the interaction existing between the quality of institutional governance, the education sector and economic growth. More fundamentally, we show how the quality of institutional governance matters in giving directly the appropriate incentives for human capital...

Η έρευνα αυτή αποτελεί μια αντικειμενική αποτύπωση της σύγχρονης κοινωνικής πραγματικότητας αλλά και ένα χρήσιμο εργαλείο για τους σύγχρονους και μελλοντικούς...