The purpose of this paper is to forecast monthly gasoline prices in Jordan by applying Gaussian process regression on two types (octane-90 and octane-95) during the period January 2008 December 2019. Accurately predicting have several fiscal policy implications concerning fuel subsidies taxes. Also, they affect consumption production decisions. Moreover, are crucial for designing analyzing envi...

This study is a linguistic study on idiosyncrasy using speaker classification technique as an analytical tool. The goals of this study are to find out 1) to what extent Japanese filler words (e.g. um, you know in English) carry individual idiosyncratic information; 2) if there are any differences in the degree/nature of idiosyncrasy between the sexes; and 3) what contributes to the identified g...

This article aims to compare the change of living standard in Lithuania, Latvia and Estonia after joining European Union. The characteristics are analyzing before EU 2004. It is also compared changes economic crisis. Indicators standard, such as average monthly gross wages, consumer price index, purchasing power, unemployment rate, at-risk-of-poverty rate others calculated compared. three Balti...

We develop and estimate a spatial game-theoretic model of entry and location choices to examine firms’ strategic clustering decisions. The model identifies two contradictory effects that determine firms’ geographical location choices: a competition effect and a clustering effect. We also separate firms’ strategic clustering incentives from the observed clustering behavior due to exogenous facto...

We develop a simple model in which firm-specific advertising has cooperative and predatory effects. Our model is set in a static spatial market where firms are naturally segmented into two distinct submarkets: several large firms located in the core, with small firms operating as a fringe. We test the net effect of the offsetting market size and market share effects of both fringe and core firm...

We develop and estimate a spatial game-theoretic model of entry and location choices to examine firms’ strategic clustering decisions. The model identifies two contradictory effects that determine firms’ geographical location choices: a competition effect and a clustering effect. We also separate firm’s strategic clustering incentives from the observed clustering behavior due to exogenous facto...

The aim of this paper is determination of an optimal policy rule for Iranian economy from an Islamic perspective. This study draws on an Islamic instrument known as the Musharakah contract to design a dynamic stochastic general equilibrium model. In this model the interest rate is no longer considered as a monetary policy instrument and the focus is on the impact of economic shocks on the Dynam...

Friedrich Hayek argumentó que el intervencionismo manipula “conocimiento local” dentro de la sociedad, lo cual es perjudicial para su economía. Tras una explicación sobre cómo puede alterar carácter las personas, este artículo se enfoca en manipulación del conocimiento local ciudad a través “planificación urbana racionalista” particular. Después contextualizar debate entre Jane Jacobs y Robert ...

In the canonical network model, the connections model, only three specific network structures are generically efficient: complete, empty, and star networks. This renders many plausible network structures inefficient. We show that requiring robustness with respect to stochastic transmission failures rehabilitates incomplete, circular network structures. Specifically, we show that near the “bifur...

This paper investigates several key challenges faced by oil-rich countries regarding their economic growth and development. First, it discusses how to determine currency overvaluation for these (if any). To the overvaluation, real exchange rate (RER) is calculated Balassa–Samuelson effect estimated via a regression model. Next, study presents an empirical model assessing impact of oil rent on i...