This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant 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, risk-tolerant, growth promoting traits generated an evolution...

In today’s fast growing digital environment, firms are keen that their strategies should take advantage of the Internet’s capacity to access, organize and communicate information in fractions of cost involved before the Information and Communication Technology (ICT) revolution. Considering the vital role of strategic planning to business success, this paper proposes a path analytic framework to...

Rural, regional and remote (R-3) communities are generally in decline in Australia and in some other countries in the Western world. The economic problems include a decline in agriculture as competitive countries protect their domestic industry by subsidies and high tariffs. This paper examines the economic situation of these communities on four levels. These are the policy level (the Australia...

Due to timely process of WTO negotiations, unwillingness of advanced industrial countries to give concessions to developing economies regarding tariff and non-tariff barriers on agricultural commodity imports, the ongoing initiatives in Northern hemisphere to establish new and wider free trading areas which will divert trade out of the market from Asian countries, and ineffectiveness of deepeni...

In the context of economic ties globalization the economic actors in the certain region play a role of the agents participating in improving performance, obtaining positive dynamics of regions development and new job formation. Innovative development will make possible to increase competitive advantage both of the regions and of the country as a whole. The Republic of Tatarstan innovative devel...

Centralizing and using proper transportation facilities cut down costs and traffic. Hub facilities concentrate on flows to cause economic advantage of scale and multimodal transportation helps use the advantage of another transporter. A distinctive feature of this paper is proposing a new mathematical formulation for a three-stage p-hub location routing problem with simultaneous pick-ups and de...

Wal-Mart is the largest company in the world, yet little is known about its economic impact. This essay discusses what is known about Wal-Mart’s competitive advantage and its economic impact on local communities, as well as the national and global economy, and highlights the open questions to be addressed by future research. JEL Codes: L11, L25, L81

This paper addresses the problem of reducing CO2 emissions by applying convex optimal power flow model to the combined economic and emission dispatch problem. The large amount of CO2 emissions in the power industry is a major source of global warming effect. An efficient and economic approach to reduce CO2 emissions is to formulate the emission reduction problem as emission dispatch problem and...

The aim of this research is the analysis of management ability using accounting and corporate governance criteria and also artificial intelligence. The primary independent variables in this study include regulatory variables (characteristics of corporate governance and audit committee) and accounting variables (performance and risk criteria). We took advantage of Demirjian index to measure mana...