This chapter aims at analysing some characteristics of the innovation process, focusing on two factors that may determine the innovative capacity of a country: social capital and culture. The main objective is to explain that social capital can have positive effects on the equality level of an...

This paper focuses on performance measures based on a panel of 22 sectors of the Senegalese economy. A particular emphasis is made on the profitability which is the indicator looked at by both the government to identify sectors that need help, investors to know which sector is attractive and...

This paper analyses the performance of the graphs traditionally used to study size distributions: histograms, Zipf plots (double logarithmic graphs of rank compared to size) and plotted cumulative density functions. A lognormal distribution is fitted to urban data from three countries (the US,...

Management Arabian and Anglo-American countries are different in style and orientation. Arab managers are concerned with the observance of the rules, regulations and customs instead of exercising their professional judgment style that leads to a sense of helplessness institution. Although...

Indonesia experienced a rapid reduction in poverty during the strong economic growth pre-crisis period. By estimating the impact of sectoral economic growth components on consistently measured poverty rates across regions and over time, this study finds that agricultural growth is the largest...

In this study we investigate using the mean reversion processes in financial risk management, as they provide an good description of stock price uctuations and market risks. This paper does not aim at being exhaustive, but gives examples for practically implementable models allowing for stylised...

This paper argues that Marx’s theory of economic crises constitutes a system of three discrete ‘sub-theories’ on: (i) distributive growth cycles; (ii) effective demand; and (iii) the tendency of the average profit rate to fall. The paper explores the relationships between these sub-theories...

This study examines the relationship between health expenditure, education and economic growth in MENA countries using panel data estimation. Our results based on random effect estimation endorse a relationship between health expenditure, education and economic growth. Data were obtained from...

This paper attempts to cater the impact of changes in trade policies on the volume of a non-traded health care of a developing economy. In this article we have framed a hybrid type of three sector general equilibrium trade model, where first two sectors form a Heckscher-Ohlin nugget and the...

This paper presents the general framework of the Romanian public administration, paying attention to the administrative and territorial organization of the country, the current political and administrative structure and the organization of public administration from a comparative perspective.