We apply the idea of evolution to a spatial model. Prisoners’ dilemmas or coordination games are played repeatedly within neighbourhoods where players do not optimise but instead copy successful strategies. Discriminative behaviour of players is introduced representing strategies as small automata, which can be in different states against different neighbours. Extensive simulations show that co...

Labor Market Pooling, Outsourcing and Labor Contracts Economic regions, such as urban agglomerations, face external demand and price shocks that produce income risk. Workers in large and diversified agglomerations may benefit from reduced wage volatility, while firms may outsource the production of intermediate goods and realize benefits from Chamberlinian externalities. Firms may also protect ...

This paper examines the tax structures of the Middle East and North Africa (MENA) countries by focusing on the quality of governance and demographic changes as two influential factors in region’s economies. The objective of is to determine whether these factors can explain the variation in the tax structures of these countries. Results from regressions on the MENA countries and the ones based o...

â â â  â â â â â â â â â â â  financial sector is one of the most influential sectors in economic activities. empirical and theoretical studies conducted in recent years have also confirmed the significant role of financial institutions in economic growth. additionally, trade and financial liberalization policies have been particular concerned with strategic policies in developed and developing...

the aim this research is the diagnosis of production chains in oil’s regions of iran. for this reason, by using, input-output table for oil’s regions of iran,linkages and production chains are identified. the results of research indicate that although oil and natural gas sectors contain 50 percent of region’s output, but it is not a leading sector. in contrast, manufacturing of species of machi...

this study estimates the residential property prices in tehran using hedonic price functions and spatial econometrics. the newly employed method is extending the analysis to the neighbourhood level (361 sectors) using the city's planning and gis tools. the results show that the spatial econometric model has higher identification than the simple econometric model. the distance between the c...

I study how trade affects urbanization and real income. To this end, exploit large-scale exogenous changes in stemming from the redrawing of Hungary’s borders after First World War. show that counties near new border decreased significantly relative to farther away. rationalize reduced-form finding a spatial model which benefits trading drive agglomeration around locations where activity takes ...

The Journal of Economic Literature codes classification system (JEL) published by the American Association (AEA) is de facto standard for research literature in economics. JEL used to classify articles, dissertations, books, book reviews, and working papers EconLit, a database maintained AEA. Over time, it has evolved extended with over 850 subclasses. This paper reviews history development sys...

Financial sector is one of the most influential sectors in economic activities. Empirical and theoretical studies conducted in recent years have also confirmed the significant role of financial institutions in economic growth. Additionally, trade and financial liberalization policies have been particular concerned with strategic policies in developed and developing countries. According to dynam...

Department of Economics, University of Isfahan, Iran   Ahmad Googerdchian   Assistant Professor, Department of Economics, University of Isfahan, Iran     Abstract   Implementing a currency :::union::: may lead members to face financial crisis if their financial markets are not ready to adopt themselves to a new situation. There are still problems like ownership concentration and self-gover...