abstract t he return of capital is fundamental to the intertemporal allocation of resources by changing the consumption behavior and capital accumulation over time. taxation on return of capital increases the marginal product of capital, meaning that capital stock is lower than when capital is not taxed, which results decreased growth and welfare in steady state. this paper studies the impact o...

abstract i n this paper, we investigate the existence and the nature of real exchange rate misalignment in organization of the petroleum exporting countries (opec). to do this we estimated a cross country basic real exchange rate determination model for 1990-2012 and extracted historic trend of misalignment. the results imply that all opec countries have had misalignment -of different kinds tho...

abstract in this study, we applied recently developed panel unit root and cointegration techniques to examine the long-run real income per capita and price elasticities for demand of electricity in selected middle east and north african (mena) countries using an annual data series from 1990 to 2011.our main finding from the panel analysis is that the demand for electricity is highly price elast...

JEL Classification: L14

The article analyzes theoretical foundations of enterprises logistics system construction, gives the classification main entrepreneurial activity subjects in Ukraine, traces key development trends and outlines a role small business national economic system, conducts comparative analysis medium entrepreneurship specific weight defines economical aspects managing their system. research conducted ...

This paper provides questionnaire evidence on the role of flow analysis for professional traders and fund managers. This evidence suggests that besides fundamental information and technical analysis, the analysis of flows provides an independent third type of information for professionals. The view that flows can be used to learn about fundamentals is not consistent with the data. Instead, evid...

This article adds technology choice to a free-entry Cournot model with linear demand and constant marginal costs. Firms can choose from a discrete set of technologies. This simple framework yields non-existence of equilibrium, existence of multiple equilibria and equilibria in which ex-ante identical ̄rms choose di®erent technologies as possible outcomes. I provide a full characterization of th...

JEL Classification: K42, L13, O17.

Soil classification systems are very useful for a simple and fast summarization of soil properties. These systems indicate the method for data summarization and facilitate connections among researchers, engineers, and other users. One of the practical systems for soil classification is Soil Taxonomy (ST). As determining  soil classes for an  entire area is expensive, time-consuming, and almost ...

JEL Classification Numbers: G100, G120