In applied research it is common to estimate complete production models, obtain measures of scale economies and total factor productivity growth and then regress such measures on exogenous variables. Such procedures result in inconsistent estimates of technological as well as regression parameters: estimation of total factor productivity and scale economies in the "rst step, does not take into ...

This research suggests that the evolution of entrepreneurial spirit played a signi…cant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human history. In early stages of development, the rise in income generated an evolutionary advantage to entrepreneur...

This research suggests that the evolution of entrepreneurial spirit played a significant role in the process of economic development and the evolution of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human history. In early stages of development, the rise in income generated an evolutionary advantage to entreprene...

Emerging countries are playing a growing role in the world economy. It is a role that is expected to be even greater in the future. It is important, therefore, that any comprehensive assessment of inequality trends worldwide considers the emerging economies. This chapter discusses inequality patterns and related issues in the biggest emerging economies. It begins with a brief overview of such p...

This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the evolution of inequality within and across societies. The study argues that entrepreneurial spirit evolved nonmonotonically in the course of human history. In early stages of development, the rise in income generated an evolutionary advantage to ent...

Social-economic factors are considered as the key to understand processes contributing to biological invasions. However, there has been few quantified, statistical evidence on the relationship between economic development and biological invasion on a worldwide scale. Herein, using principal factor analysis, we investigated the relationship between biological invasion and economic development to...

Spatial concentration of economic activity is a phenomenon that has important implications for the development potential local, regional and national economy. This statement stems from two facts: first, there tendency people to concentrate in major cities regions; second, similar connected companies sometimes agglomerate together at particular location take advantages external economies. paper ...

The G20, a grouping of the largest developed and developing economies in the world, accounts for 7 almost 86% of global Gross Domestic Product and 76% of global CO2 emissions. In recent years, the G20 global 8 summit has not only aimed to support an economic agenda, but also to coordinate actions towards a cleaner energy 9 and low-carbon future. However, in different countries driving forces fo...

This paper explores the issue of banking efficiency in Central Europe by applying the Fourier functional form and the stochastic cost frontier approach in calculating inefficiencies for a large sample of German, Austrian, Swiss and Luxembourg banks between 1997 and 2003. The findings suggest that the largest sized banks are generally the least efficient banks and the smallest sized banks are th...

With their increasing shares of global emissions developing economies are increasingly being pressured to assume a greater role in global greenhouse gas (GHG) emission reduction. Developed countries have invested tremendously in and proclaimed renewable energy (RE) and associated smart power technologies as solutions to meet their energy demands and reduce their GHG emissions at the same time. ...