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Towards an Arab higher education space: international challenges and societal responsibilities
  • Language: en
  • Pages: 771
Sovereign Default Risk Valuation
  • Language: en
  • Pages: 261

Sovereign Default Risk Valuation

Past cycles of sovereign lending and default suggest that debt crises will recur at some point. This book shows why investors should reckon with similar credit events in the future. Surveying the sovereign bond market, the author provides investors with a useful toolkit for analyzing sovereign bonds and foreseeing trends in the international financial architecture. The result should be a better understanding of debt crises and more deliberate investment decisions.

Urban Economics
  • Language: en
  • Pages: 361

Urban Economics

  • Type: Book
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  • Published: 2015-04-17
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  • Publisher: Routledge

This textbook offers a rigorous, calculus based presentation of the complexities of urban economics, which is suitable for students who are new to the subject. It focuses on structural details and explains the elements that make cities such highly productive entities, and also explores explores the mechanisms of labour productivity enhancement that are unique to cities. Written with a focus on location theory, key topics include: How cities are arranged; Housing prices; Urban transportation; Why some cities grow rapidly whilst others decline; How wages adjust to local costs of living; How suburbs function in relationship to the urban core; Public finance. This book will be essential reading for Urban Economics courses at both undergraduate and postgraduate level.

Technological Innovation and the Effect of the Employment on the EU Countries
  • Language: en
  • Pages: 160

Technological Innovation and the Effect of the Employment on the EU Countries

Innovation and employment can be a good marriage. Following on from an analysis of the classical economists, the author challenges the old paradigm of ‘innovation means unemployment’, which has dominated the economic debate for centuries. Is it possible to promote technological change as well as innovation and employment? At what point do technological change and innovation become labour friendly? These are among the topics examined in detail in the enclosed essays. This book considers a set of EU countries in which the results leave no doubts: innovation and employment can be an engine for an increase in employment, but the most important thing is the building of an adequate ecosystem. In this global era, national systems and the organisation of institutions (such as centres of education, legislation, academia and research) remain critical factors and play an important role in the success and the failure of innovation policy.

IMF Staff papers, Volume 45 No. 4
  • Language: en
  • Pages: 180

IMF Staff papers, Volume 45 No. 4

This paper describes the issue of corruption around the world. The paper surveys and discusses issues related to the causes, consequences, and scope of corruption, and possible corrective actions. It emphasizes the costs of corruption in terms of economic growth. It also emphasizes that the fight against corruption may not be cheap and cannot be independent from the reform of the state. If certain reforms are not made, corruption is likely to continue to be a problem regardless of actions directly aimed at curtailing it.

Fiscal Sustainability
  • Language: en
  • Pages: 49

Fiscal Sustainability

This paper critically reviews recent work regarding the sustainability of public debt. It argues that Debt Sustainability Analyses (DSAs) should be more than mere mechanical simulation exercises. Instead, a DSA should be linked to some objective regarding the distribution of fiscal burdens and distortions over time (in the tradition of Barro’s 1979 tax smoothing objective). The paper discusses objective functions that yield simple and transparent fiscal policy rules.

Fundamentals of Economics for Business
  • Language: en
  • Pages: 391

Fundamentals of Economics for Business

Fundamentals of Economics for Business is an innovative text designed specifically for students in business education programs. It provides a comprehensive yet accessible introduction to the key economic issues relevant to present or future business decision-makers. Reflecting the requirements of globalization, the content is international in scope and is applicable worldwide. The material is easily adaptable to courses of different lengths and educational objectives, including a one-semester MBA course, economics courses in an undergraduate commerce or business degree, or an executive MBA program.This second edition adds significant new material on production costs, managerial economics, growth and competitiveness, and includes new case studies with applications to international business.

Lessons from NAFTA
  • Language: en
  • Pages: 432

Lessons from NAFTA

Analyzing the experience of Mexico under the North American Free Trade Agreement (NAFTA), 'Lessons from NAFTA' aims to provide guidance to Latin American and Caribbean countries considering free trade agreements with the United States. The authors conclude that the treaty raised external trade and foreign investment inflows and had a modest effect on Mexico's average income per person. It is likely that the treaty also helped achieve a modest reduction in poverty and an improvement in job quality. This book will be of interest to scholars and policymakers interested in international trade and development.

Income Distribution in Macroeconomic Models
  • Language: en
  • Pages: 439

Income Distribution in Macroeconomic Models

This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible...

The Role of Innovation and Entrepreneurship in Economic Growth
  • Language: en
  • Pages: 633

The Role of Innovation and Entrepreneurship in Economic Growth

"Innovation and entrepreneurship are ubiquitous today, both as fields of study and as starting points for conversations among experts in government and economic development. But while these areas on continue to attract public and private investments, many measurements of their resulting economic growth-including productivity growth and business dynamism-have remained modest. Why this difference? Because not all business sectors are the same, and the transformative gains of some industries have been offset by stagnation or contraction in others. Accordingly, a nuanced understanding of the economy requires a nuanced understanding of where innovation and entrepreneurship occur and where they ma...