This paper attempts to examine the effect of a currency devaluation on domestic output by incorporating the Coase (1937) assertion into a standard open economy model. Our results show that there will be multiple equilibria in the labor market, i.e. low or high employment equilibrium, because of transaction cost externalities. If the labor market is in the high-employment equilibrium, a currency...

Abstract Re-conceptualization of environmental costs based on the ecological economy perspective. Through analysis general domestic and international environment, it is found that development an inevitable choice in China at this stage. Therefore, we take perspective cost accounting as basis research. The research resources consumed production process need to spend a certain amount money for tr...

The abundant natural resources can bring either positive or negative impact to the country’s economy depending on the macroeconomic policies. Mongolia has massive mineral resource dominated by coal, copper, and gold. The Government of Mongolia has started to implement a number of infrastructure projects to decrease the mining project’s cost burden caused from the country’s weak infrastructure. ...

Total cost-of-ownership, operation costs, and resource efficiency of low-pressure plasma systems processes must be taken into consideration if new for surface treatment are to introduced. All three aspects will determine the costs any value increase per component subjected a process, they focus this article. At first glance, coating using seem dominated by high initial investments. However, fol...

Th e present paper focuses on the role of domestic resource mobilization for fi nancing poverty reduction strategies. Policy makers should be aware of important macroeconomic trade-off s associated with MDG strategies fi nanced from tax increases or domestic borrowing. Th e trade-off s are largely intertemporal: can poor and middle-income countries absorb the initial fi nancing costs in order t...

We develop a tractable two-country overlapping-generations model with domestic financial frictions and show that cross-country differences in financial development explain three recent empirical patterns of international capital flows. In our model, domestic financial frictions create two distinct distortions on the interest rates and production efficiency in the less financially developed coun...

In this paper, a cost saving based allocation strategy for infrastructure resource allocation is proposed to support the business service in cloud computing environment. In a typical enterprise cloud system, it needs the capability to automatically allocate resources by matching resource requirements upon resource availability, while taking both load-balance and cost saving into account. On the...