One of the most important effective factors in the economic growth is the increased efficiency of manufacturing sectors. Thus, it is necessary to review and measure the efficiency of business units from a variety of dimensions to plan the increase of efficiency in future courses. One of these dimensions is the economics to scale (ES) referring to the concept of enhanced earnings due to the incr...

IF ECONOMICS IS UNDERSTOOD AS being the science of the implications of voluntary and monetary exchanges among different people (Mises, 1985), the terminology “economics of crime” is a contradiction in terms. Indeed the economic exchange consists in voluntary and peaceful cooperation, whereas crime refers to concepts of violence and coercion (Mises, 1983). The contrast is then more marked betwee...

abstract t he relationship between public sector deficits and inflation is one of the important and controversial issues in the academic literature as well as in economic policy field. on the other hand, a major objective of macroeconomic policies is to foster economic growth and to keep inflation on a low level. so keeping the price stability plays an important role in determining the growth r...

* This paper was written while the first author was visiting the Econometric Institute, Erasmus School of Economics, Erasmus University Rotterdam, in autumn 2008. The first author wishes to acknowledge the financial support of the Stock Exchange of Thailand, while the second author wishes to thank the Australian Research Council for financial support, and the Erasmus School of Economics for the...

Scale-oriented economic development in China has given rise to problems associated with high energy consumption and severe environmental pollution. Thus, the 7th China Annual Conference of Energy Economics and Management provides a platform for presenting ongoing research activities in order to exchange research ideas in the area of low-carbon economics and sustainable development for China. We...