The changes in the capital market bring transformation in the entire economy of the country. The boom and depression of the capital market is reflected in all sectors of the economy. Stock price downward movement continuously in the market forewarns the crisis period in advance. Numerous studies were conducted to trace the movement of stock market and its relationship with various economic fact...

The network economy refers to the ecosystem that centers on the Internet. It includes the network enablers (backbone providers, Internet service providers, and the last mile providers) as well as all the market participants whose activities are critically based on the Internet. Due to the unique characteristics of the network economy, the market structures in different segments of the network e...

The paper applies a transaction-focused institutional analysis to compare the value of political capital in different institutional domains of China’s market economy. Our results show that the value of political capital is associated with institutional domains of the economy in which agents can use political connections to secure advantages. Political capital is most fungible in institutional d...

economic recession is considered as a repeatable and constant phenomenon in capitalist economy. countries which experienced rapid economic growth have inevitably applied a balancing program after that. generally, whenever industrial, financial and commercial developments occurred in a rapid growth, the reverse and changing processes would appear. consequently, they will affect the financial and...

The TVP labour market has undergone a great change during the economic reform period. Starting from a fully controlled recruitment system, more employees obtained employment through a more market oriented mechanism. This study applies human capital theory to investigate the impact of this institutional change on TVP wage determination. It is found that education as one of most important human c...

This essay argues that medical innovation proceeds most efficiently and effectively within a free market economy. Medical innovation is an expression of the technological project: the program through which we seek to control nature, to improve the quality and quantity of life. The Technological Project proceeds most efficiently with a free market economy because such a market both promotes comp...

This paper provides empirical evidence of an U-shaped relationship between the extent of the market (size of the relevant urban market) and the pattern of crop specialization in a village economy. We use the recent two-stage estimator developed by Lewbel (2007) and exploit heteroskedasticity for identification of the causal effects of market size. The results suggest that the portfolio of crops...

The extent to which stability or “normalization” has prevailed in the Latvian labour market is assessed. By introducing the concept of the Beveridge curve to Latvian data it is shown that the Latvian economy during the Russian crisis responded textbook-wise. Estimation of a matching function yields a robust result displaying a secular increase in matching efficiency, which is interpreted as one...

one of the issues that in recent decades in the field of information economy is rapidly expanding economy under information and discussion in this major economic problem of asymmetric information is related. as we know in today's world information and trading stock market performance is the core. lateral velocity and symmetry of the main role of information and market efficiency is critical. on...