The Competitiveness of Thailand: Economic Analysis from Competitiveness Reports An important question for researchers and policy markers is how to efficiently allocate limited resources for sustainable economic growth. In this paper, Global Competitiveness Reports of the World Economic Forum (WEF) and the World Competitiveness Yearbooks of the International Institute for Management Development ...

Trade credit is an increasingly important payment behavior in real business transactions. To reduce nonpayment risks, a supplier/retailer frequently offers partial trade credit to its credit risk downstream member who must pay a portion of the purchase amount at the time of placing an order and then receives a permissible delay on the rest of the outstanding amount. This paper develops an EPQ m...

This paper discusses a common criticism of economic models that depart from the standard rational-choice paradigm namely, that the phenomena addressed by such models can be “rationalized” by some standard model. I criticize this criterion for evaluating bounded-rationality models. Using a market model with boundedly rational consumers due to Spiegler (2006a) as a test case, I show that even whe...

Convergence is emerging around the world as a result of development of technology and market demand. Serving as a high performance of telecommunications, it can greatly improve socioeconomic development in developing countries according to the theory of telecommunications and economic development. Convergence is occurring in China with China’s fast economic development and market growth. China ...

We study a model of economic growth and development with a threshold externality. The model has one steady state with a low and stagnant level of income per capita and another steady state with a high and growing level ofincome per capita. Both of these steady states are locally stable under the perfect foresight assumption. We introduce learning into this environment. Learning acts as an equil...

the Chinese authorities plan to gradually rebalance the composition of Chinese economic growth from investment towards household consumption. this article uses the World input-Output Database (WiOD) to give a general sense of how this rebalancing might affect Australian exports and economic activity. Dollar for dollar, Chinese investment appears to absorb more than twice as much Australian valu...

the paper intends to briefly present a perspective of the significanceand substance of the economic justice. it then reviews the teachings ofislamic sharia , and various opinious presented on the subject, andconcludes four specific rules . and criierias for determination and assessment of the existence of justice in economics, as follows: 1 - product sharing on the basis of participation in pro...