In an attempt to explain and forecast the behavior of economic variables and of the economy as a whole, each school of economics creates its own system of paradigms, premises and models. The New Keynesian school of thought developed from the traditional Keynesian insights tries to offer additional explanations, based on microeconomic foundations, for such phenomena as economy-wide fluctuations ...

according to resource curse theory, not only the revenues from selling natural resources do not result in economic growth, but also have some unpleasant effects on economy. this study shows that natural resources cannot be considered curse by itself , but it is the management of revenues which is important. the foreign reserves fund was established to control the effects of oil price volatiliti...

BACKGROUND Market integration (MI)-increasing production for and consumption from a market-based economy-is drastically altering traditional ways of life and environmental conditions among indigenous Amazonian peoples. The effects of MI on the biology and health of Amazonian children and adolescents, however, remain unclear. AIM This study examines the impact of MI on sub-adult body size and ...

Indigenous people of north western Himalayan region of India utilize a wide range of biological resources for subsistence. The age-old practices of resource utilization have supported the rural economy with equity and social justice and conservation of resources since generations. However, in recent times, due to market demand, the biological resources are subjected to premature and frequent ha...

Discussions about aboriginal-non-aboriginal relations in Canada have stressed the need to recognize “aboriginal customary law” in self-government arrangements. It is maintained that many aspects of “native law” differ radically from the legal systems that emerged in European countries, and so imposing Canadian conceptions of law on aboriginal communities is an obstacle to native self-determinat...

Rational partisan theory’s exclusive focus on electoral uncertainty ignores the importance of policy uncertainty for the economy. I develop a theory of policy risk to account for this uncertainty. Using an innovative measure of electoral probabilities based on Iowa Electronic Markets futures data for the United States from 1988 to 2000, I test both theories. As predicted by rational partisan th...