733,618 results on '"économies"'
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2. The Impacts of Financial Market, Trade and Economic Policy Uncertainties on the Import Performance of Advanced Economies
- Author
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Gong, Xueting, Borojo, Dinkneh Gebre, Yushi, Jiang, Miao, Miao, and Wu, Peixuan
- Published
- 2024
3. On Justification : Economies of Worth
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Boltanski, Luc, Thévenot, Laurent, Porter, Catherine, Translated by, Boltanski, Luc, Thévenot, Laurent, and Porter, Catherine
- Published
- 2021
- Full Text
- View/download PDF
4. Economic Diversification and Social Progress in the GCC Countries: A Study on the Transition from Oil-Dependency to Knowledge-Based Economies
- Author
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Goldani, Mahdi and Tirvan, Soraya Asadi
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Economics - Econometrics - Abstract
The Gulf Cooperation Council countries -- Oman, Bahrain, Kuwait, UAE, Qatar, and Saudi Arabia -- holds strategic significance due to its large oil reserves. However, these nations face considerable challenges in shifting from oil-dependent economies to more diversified, knowledge-based systems. This study examines the progress of Gulf Cooperation Council (GCC) countries in achieving economic diversification and social development, focusing on the Social Progress Index (SPI), which provides a broader measure of societal well-being beyond just economic growth. Using data from the World Bank, covering 2010 to 2023, the study employs the XGBoost machine learning model to forecast SPI values for the period of 2024 to 2026. Key components of the methodology include data preprocessing, feature selection, and the simulation of independent variables through ARIMA modeling. The results highlight significant improvements in education, healthcare, and women's rights, contributing to enhanced SPI performance across the GCC countries. However, notable challenges persist in areas like personal rights and inclusivity. The study further indicates that despite economic setbacks caused by global disruptions, including the COVID-19 pandemic and oil price volatility, GCC nations are expected to see steady improvements in their SPI scores through 2027. These findings underscore the critical importance of economic diversification, investment in human capital, and ongoing social reforms to reduce dependence on hydrocarbons and build knowledge-driven economies. This research offers valuable insights for policymakers aiming to strengthen both social and economic resilience in the region while advancing long-term sustainable development goals.
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- 2024
5. Inflation in Disaggregated Small Open Economies
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Silva, Alvaro
- Subjects
Economics - General Economics - Abstract
This paper studies inflation in small open economies with production networks. I show that the production network alters the elasticity of the consumer price index (CPI) to changes in sectoral technology, factor prices, and import prices. Sectors can import and export directly but also indirectly through domestic intermediate inputs. Indirect exporting dampens the inflationary pressure from domestic forces, while indirect importing increases the inflation sensitivity to import price changes. Computing these CPI elasticities requires knowledge of the production network structure as these do not coincide with typical sufficient statistics used in the literature, such as sectoral sales-to-GDP ratios, factor shares, or imported consumption shares. Using input-output tables, I provide empirical evidence that adjusting CPI elasticities for indirect exports and imports matters quantitatively for small open economies. I use the model to illustrate the importance of production networks during the recent COVID-19 inflation in Chile and the United Kingdom.
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- 2024
6. A Novel Framework for Analyzing Structural Transformation in Data-Constrained Economies Using Bayesian Modeling and Machine Learning
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Katende, Ronald
- Subjects
Statistics - Applications ,Statistics - Computation ,Statistics - Machine Learning - Abstract
Structural transformation, the shift from agrarian economies to more diversified industrial and service-based systems, is a key driver of economic development. However, in low- and middle-income countries (LMICs), data scarcity and unreliability hinder accurate assessments of this process. This paper presents a novel statistical framework designed to address these challenges by integrating Bayesian hierarchical modeling, machine learning-based data imputation, and factor analysis. The framework is specifically tailored for conditions of data sparsity and is capable of providing robust insights into sectoral productivity and employment shifts across diverse economies. By utilizing Bayesian models, uncertainties in data are effectively managed, while machine learning techniques impute missing data points, ensuring the integrity of the analysis. Factor analysis reduces the dimensionality of complex datasets, distilling them into core economic structures. The proposed framework has been validated through extensive simulations, demonstrating its ability to predict structural changes even when up to 60\% of data is missing. This approach offers policymakers and researchers a valuable tool for making informed decisions in environments where data quality is limited, contributing to the broader understanding of economic development in LMICs.
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- 2024
7. Global Value Chain Linkages and Carbon Emissions embodied in trade, An Evidence from Emerging Economies: Uncovering Connections
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Bhayana, Sakshi and Nag, Biswajit
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Economics - General Economics - Abstract
This study explores whether the Global Value Chain(GVC) participation of 16 emerging market economies (EMEs) from 1995 to 2018 in the manufacturing sector leads to a rise in carbon emissions embodied in trade. The study covers the ecological dimension of the Global Value Chain and validates the Pollution Haven Hypothesis in developing nations.To address the problem of cross-sectional dependence, autocorrelation, and heteroscedasticity panels, we estimate the above models using the feasible generalized least squares (FGLS) method. Our findings exhibit a continuous growth in carbon emissions of all the EMEs, there exists a positive association between GVC participation and domestic CO2 emissions embodied in gross exports. Also, EMEs' foreign carbon emissions embodied in gross exports directly correlate with backward GVC Participation, suggesting that the cleaner environment in developed countries comes at the expense of a dirtier environment in developing countries., Comment: 20 pages, 9 tables
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- 2024
8. Tests of thermal macroeconomic theory on simulated micro-economies
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Luo, Yihang, MacKay, R. S., and Chater, Nick
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Economics - General Economics - Abstract
In this paper, we test predictions of a new theory of macroeconomics, called "thermal macroeconomics." The theory aims to apply the mathematical structure of classical thermodynamics, including analogues of temperature and entropy, to predict aspects of the aggregate behaviour of populations of economic agents without analyzing their detailed interactions. We test the theory by comparing its predictions with the behaviour of a variety of simulated micro-economies in which goods and money can be exchanged between agents, confirming the predictions of the theory. The paper serves also to illustrate and make more tangible the predictions of thermal macroeconomics.
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- 2024
9. Asian Economies : History, Institutions, and Structures
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Jamus Jerome Lim and Jamus Jerome Lim
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- Finance--Technological innovations--Asia, Economic development--Asia--History--21st century
- Abstract
An insightful and thorough exploration of the economies of Asia In Asian Economies: History, Institutions and Structure, seasoned economist and professor Jamus Jerome Lim provides a comprehensive discussion and incisive analysis of the economies of Asia. In addition to discussing the sharp contrasts between the region's three major economies—China, India, and Japan—Lim also provides an overview of the rise of the Dragon economies of the East, to the resource-rich economies of the West. The book adopts a unique approach to the treatment of these economies, weaving in aspects of these countries'economic geography and history, their idiosyncratic institutions and structures, along with providing a comparative and international perspective. The book offers: Careful emphasis on the geographic preconditions and enduring legacy of economic history on the contemporary and future prospects of each of the countries and regions discussed within Examinations of the importance of the political and economic institutions, as well as market and industrial structures, in shaping the trajectories of the economies considered in the book Discussions of the dramatic differences and similarities between the Asian economies, as well as how these differences shape these economies'interactions with the rest of the worldPerfect for undergraduate and graduate students of economics, Asian Economies will also earn a place on the bookshelves of business and finance professionals seeking to understand the economies of the world's most diverse and dynamic region.
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- 2024
10. Economies of Praise : Value, Labor, and Form in Seventeenth-Century English Poetry
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Ryan Netzley and Ryan Netzley
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- Laudatory poetry, English--Early modern, 1500-17
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Reevaluates early modern poems of praise as, paradoxically, challenging an artistic economy that values exchange and productivity Early modern poems of praise typically insist that they do not have a purpose or enact real labor beyond their effortless listing of laudable qualities. And yet the poets discussed in this study, including Ben Jonson, Andrew Marvell, Anne Bradstreet, Lucy Hutchinson, and John Milton, hint at an alternative aesthetic economy at work in their verse. Poetic praise, it turns out, might show us a social world outside the organizing principle of exchange. In Economies of Praise: Value, Labor, and Form in Seventeenth‑Century English Poetry, Ryan Netzley explores how poems of praise imagine alternatives to market and gift economies and point instead to a self-contained aesthetic economy that works against a more expansive and productivist understanding of literary art. By depicting exchange as inconsequential, unproductive, and redundant rather than a necessary constituent of social order, these poems model for modern readers a world without the imperative to create, appraise, and repeatedly demonstrate one's own value.
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- 2024
11. Symmetric and Asymmetric Effects of Exchange Rate Changes on Stock Prices in Fragile Five Economies : Analysis of the Global Crisis and Pandemic Period
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Ceylan, Isil Erem and Ceylan, Fatih
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- 2023
12. Measuring Agglomeration Economies in Japan’s Manufacturing Industry: Agglomeration and Coagglomeration Indices Approach
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Tokunaga, Suminori, Higano, Yoshiro, Editor-in-Chief, and Tokunaga, Suminori
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- 2024
- Full Text
- View/download PDF
13. Durable Economies : Organizing the Material Foundations of Society
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Melanie Jaeger-Erben, Harald Wieser, Max Marwede, Florian Hofmann, Melanie Jaeger-Erben, Harald Wieser, Max Marwede, and Florian Hofmann
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- Economics--Sociological aspects, Economics
- Abstract
Leaking water infrastructures, heritage tourism, investments in artworks, failing electronics: Durability lies at the heart of a wide range of seemingly unrelated phenomena. In today's economies, which rest on ever-larger stocks of infrastructures, buildings, machinery and household goods, durable things are both a hugely significant source of wealth and a constant source of struggle. The contributors argue that a deeper engagement with durability is essential for reaching an understanding of how economies work; and for envisaging alternative economies built on principles of environmental stewardship and social justice. Placing durability at the core of economic analysis, this volume explores the work and tensions involved in the production and valuation of durability to outline a new agenda for more sustainable economies.
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- 2023
14. Variegated Economies
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Jamie Peck and Jamie Peck
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- Economic geography
- Abstract
The culmination of more than two decades of work on the spatiality of economic forms, worlds, and lives, Variegated Economies tackles the question of how to approach, conceptualize, and analyze economies as geographically differentiated phenomena. Staged from the field of economic geography, the book seeks to build bridges to complementary developments in critical political economy and heterodox economic studies by way of a substantive theoretical and methodological program. Jamie Peck advances a series of arguments concerning the inherent-and highly consequential-spatiality of economic forms, worlds, and lives, engaging a range of issues from the diversity of capitalism(s) to the dynamics of late-stage neoliberalization, and from the problematic uneven geographical development to the challenges-cum-opportunities of conjunctural methodologies.
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- 2023
15. Predatory Economies : The Sanema and the Socialist State in Contemporary Amazonia
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Amy Penfield and Amy Penfield
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- Predation (Biology)--Economic aspects--Venezuela, Predation (Biology)--Social aspects--Venezuela, Natural resources--Social aspects--Venezuela, Guaharibo Indians--Political activity--Venezuela, Guaharibo Indians--Venezuela--Economic conditions, Guaharibo Indians--Venezuela--Social conditions, Guaharibo Indians--Venezuela--Social life and customs
- Abstract
A study of the modes of predation used by and against the Sanema people of Venezuela. Predation is central to the cosmology and lifeways of the Sanema-speaking Indigenous people of Venezuelan Amazonia, but it also marks their experience of modernity under the socialist “Bolivarian” regime and its immense oil wealth. Yet predation is not simply violence and plunder. For Sanema people, it means a great deal more: enticement, seduction, persuasion. It suggests an imminent threat but also opportunity and even sanctuary. Amy Penfield spent two and a half years in the field, living with and learning from Sanema communities. She discovered that while predation is what we think it is—invading enemies, incursions by gold miners, and unscrupulous state interventions—Sanema are not merely prey. Predation, or appropriation without reciprocity, is essential to their own activities. They use predatory techniques of trickery in hunting and shamanism activities, while at the same time, they employ tactics of manipulation to obtain resources from neighbors and from the state. A richly detailed ethnography, Predatory Economies looks beyond well-worn tropes of activism and resistance to tell a new story of agency from an Indigenous perspective.
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- 2023
16. Economies of Scale : Financialization and Contemporary North American Poetry
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Ann Keniston and Ann Keniston
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- Finance in literature, American poetry--21st century--History and criticism
- Abstract
This book offers the first sustained study of the ways 21st century North American poems engage with financialization. It argues that recent poems about economics not only discuss but enact concerns with containment and agency essential to the contemporary financialized economy by manipulating the seemingly old-fashioned figures of synecdoche (the representation of the whole by the part) and prosopopeia or personification. Its four body chapters offer in-depth readings of the work of eleven formally, culturally, and thematically diverse contemporary U.S. and Canadian poets who variously consider labor, consumerism, debt, and the derivative form; the Coda reads several recent poems about reparations in terms of an emerging tendency to emphasize the historical, racialized, and ethical contexts of contemporary economics. As the book explores financialization's representation in recent poetry, it redresses arguments that poetry is irrelevant to contemporary culture.
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- 2023
17. Identification of fiscal SVAR-IVs in small open economies
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Keränen, Henri and Lähdemäki, Sakari
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Economics - General Economics - Abstract
We identify fiscal SVAR-IVs by utilizing unexpected variation in the output of trading partner economies, measured by professional forecast errors, to account for the systematic component of fiscal policy. Our identification builds on the small open economy assumption that these forecast errors correlate with output but are exogenous to domestic fiscal policy. In applying our approach to Canada and euro area small open economies we show that the instrument is relevant and find suggestive evidence for its exogeneity. Our baseline estimates for the two-year cumulative spending multiplier are around 1 for Canada and 0.5 for euro area small open economies.
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- 2024
18. Monsoon Economies : India's History in a Changing Climate
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Tirthankar Roy and Tirthankar Roy
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- Climatic changes--India, Environmental policy--India
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How interventions to mitigate climate-caused poverty and inequality in India came at a cost to environmental sustainability.In the monsoon regions of South Asia, the rainy season sustains life but brings with it the threat of floods, followed by a long stretch of the year when little gainful work is possible and the threat of famine looms. Beginning in the late nineteenth century, a series of interventions by Indian governments and other actors mitigated these conditions, enabling agricultural growth, encouraging urbanization, and bringing about a permanent decrease in death rates. But these actions—largely efforts to ensure wider access to water—came at a cost to environmental sustainability. In Monsoon Economies, Tirthankar Roy explores the interaction between the environment and the economy in the emergence of modern India. Roy argues that the tropical monsoon climate makes economic and population growth contingent on water security. But in a water-scarce world, the means used to increase water security not only created environmental stresses but also made political conflict more likely. Roy investigates famine relief, the framing of a seasonal “water famine,” and the concept of public trust in water; the political movements that challenged socially sanctioned forms of deprivation; water as a public good; water quality in cities; the shift from impounding river water in dams and reservoirs to exploring groundwater; the seasonality of a monsoon economy; and economic lessons from India for a world facing environmental degradation.
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- 2022
19. Embodied Economies : Diaspora and Transcultural Capital in Latinx Caribbean Fiction and Theater
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Israel Reyes and Israel Reyes
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- Culture in literature, Group identity in literature, Emigration and immigration in literature, Social mobility in literature, American literature--Caribbean American authors--History and criticism, American fiction--21st century--History and criticism, Caribbean fiction (Spanish)--21st century--History and criticism
- Abstract
How do upwardly mobile Latinx Caribbean migrants leverage their cultural heritage to buy into the American Dream? In the neoliberal economy of the United States, the discourse of white nationalism compels upwardly mobile immigrants to trade in their ties to ethnic and linguistic communities to assimilate to the dominant culture. For Latinx Caribbean immigrants, exiles, and refugees this means abandoning Spanish, rejecting forms of communal inter-dependence, and adopting white, middle-class forms of embodiment to mitigate any ethnic and racial identity markers that might hinder their upwardly mobile trajectories. This transactional process of acquiring and trading in various kinds of material and embodied practices across traditions is a phenomenon author Israel Reyes terms “transcultural capital,” and it is this process he explores in the contemporary fiction and theater of the Latinx Caribbean diaspora. In chapters that compare works by Lin-Manuel Miranda, Nilo Cruz, Edwin Sánchez, Ángel Lozada, Rita Indiana Hernández, Dolores Prida, and Mayra Santos Febres, Reyes examines the contradictions of transcultural capital, its potential to establish networks of support in Latinx enclaves, and the risks it poses for reproducing the inequities of power and privilege that have always been at the heart of the American Dream. Embodied Economies shares new perspectives through its comparison of works written in both English and Spanish, and the literary voices that emerge from the US and the Hispanic Caribbean.
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- 2022
20. Refracted Economies : Diamond Mining and Social Reproduction in the North
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Rebecca Jane Hall and Rebecca Jane Hall
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- Indigenous women--Northwest Territories--Yellowknife--Economic conditions, Diamond mines and mining--Economic aspects--Northwest Territories--Yellowknife, Diamond mines and mining--Social aspects--Northwest Territories--Yellowknife, Indigenous women--Northwest Territories--Yellowknife--Social conditions
- Abstract
Since the beginning of the twenty-first century, diamonds have been lauded as a'glistening'driver of the northern Canadian economy. Canadian diamonds are cast with an imagined purity as though they had emerged by magic. However, these diamonds are mined on Dene land and extracted by people who fly in from afar, separated from their families for long periods of time. Adopting a decolonizing and feminist approach to political economy, Refracted Economies analyses the impact of diamond mining in Yellowknife, Northwest Territories. The book centres on Indigenous women's social reproduction labour – both at the mine sites and at sites of community, home, and care – as a means of understanding the diffuse impacts of the diamond mines. Grounded in ethnographic work, the narratives of northern Indigenous women's multiple labours offer unique insight into the gendered ways northern land and livelihoods have been restructured by the diamond industry. Rebecca Jane Hall draws on documentary analysis, interviews, and talking circles in order to understand and appreciate the – often unseen – labour performed by Indigenous women. Placing this day-to-day labour at the heart of her analysis, Hall shows that it both reproduces the mixed economy and resists the gendered violence of settler colonialism as exemplified by extractive capitalism.
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- 2022
21. Simple Macroeconomic Forecast Distributions for the G7 Economies
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Becker, Friederike, Krüger, Fabian, and Schienle, Melanie
- Subjects
Statistics - Applications - Abstract
We present a simple method for predicting the distribution of output growth and inflation in the G7 economies. The method is based on point forecasts published by the International Monetary Fund (IMF), as well as robust statistics from the empirical distribution of the IMF's past forecast errors while imposing coherence of prediction intervals across horizons. We show that the technique yields calibrated prediction intervals and performs similar to, or better than, more complex time series models in terms of statistical loss functions. We provide a simple website with graphical illustrations of our forecasts, as well as time-stamped data files that document their real time character.
- Published
- 2024
22. Fair Money -- Public Good Value Pricing With Karma Economies
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Riehl, Kevin, Kouvelas, Anastasios, and Makridis, Michail
- Subjects
Computer Science - Multiagent Systems ,Economics - Theoretical Economics - Abstract
City road infrastructure is a public good, and over-consumption by self-interested, rational individuals leads to traffic jams. Congestion pricing is effective in reducing demand to sustainable levels, but also controversial, as it introduces equity issues and systematically discriminates lower-income groups. Karma is a non-monetary, fair, and efficient resource allocation mechanism, that employs an artificial currency different from money, that incentivizes cooperation amongst selfish individuals, and achieves a balance between giving and taking. Where money does not do its job, Karma achieves socially more desirable resource allocations by being aligned with consumers' needs rather than their financial power. This work highlights the value proposition of Karma, gives guidance on important Karma mechanism design elements, and equips the reader with a useful software framework to model Karma economies and predict consumers' behaviour. A case study demonstrates the potential of this feasible alternative to money, without the burden of additional fees.
- Published
- 2024
23. Rebel Economies : Warlords, Insurgents, Humanitarians
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Nicola Di Cosmo, Didier Fassin, Clémence Pinaud, Nicola Di Cosmo, Didier Fassin, and Clémence Pinaud
- Subjects
- Regional economics, War--Economic aspects, War and society, Non-state actors (International relations)
- Abstract
As a pervasive occurrence in the contemporary world, wars and their economic sources are defining social and political processes in a variety of national and transnational contexts. Rebel Economies: Warlords, Insurgents, Humanitarians explores historical, anthropological and political dimensions of war economies by non-state actors across different periods and regions, while presenting their multiple manifestations as a unified, congruent phenomenon. Through a variety of conceptual and disciplinary approaches, the authors investigate, in the past and present and across three continents, the nexuses between economy, war, social transformation and state-building, revealing in the process differences and similarities that would otherwise remain hidden. Through this broad-gauge approach, the book aims, first, to rethink much of the debate around “non-state war economies,” and, secondly, to expand the conversation by consciously treating this theme as a conspicuous and distinct aspect of both economy and war. This is not just a different approach but a fundamental departure from the ways in which current discussions over the economy of wars, civil conflicts, and revolutions, have informed research orientations over several decades.
- Published
- 2021
24. INFLATION AND GROWTH IN DEVELOPING ECONOMIES : A TRIBUTE TO PROFESSOR THIRLWALL
- Author
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Nell, Kevin S.
- Published
- 2023
25. Floating Economies : The Cultural Ecology of the Dal Lake in Kashmir, India
- Author
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Michael J. Casimir and Michael J. Casimir
- Subjects
- Tourism--India--Dal Lake, Agriculture--India--Dal Lake, Ecology--Economic aspects--India--Dal Lake, Human ecology--India--Dal Lake
- Abstract
In the Himalayas of the Indian part of Kashmir three communities depend on the ecology of the Dal lake: market gardeners, houseboat owners and fishers. Floating Economies describes for the first time the complex intermeshing economy, social structure and ecology of the area against the background of history and the present volatile socio-political situation. Using a holistic and multidisciplinary approach, the author deals with the socioeconomic strategies of the communities whose livelihoods are embedded here and analyses the ecological condition of the Dal, and the reasons for its progressive degradation.
- Published
- 2021
26. Legal Aspects of Decentralized and Platform-Driven Economies
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Compagnucci, Marcelo Corrales, Kono, Toshiyuki, and Teramoto, Shinto
- Subjects
Computer Science - Computers and Society ,Computer Science - Artificial Intelligence ,Economics - General Economics - Abstract
The sharing economy is sprawling across almost every sector and activity around the world. About a decade ago, there were only a handful of platform driven companies operating on the market. Zipcar, BlaBlaCar and Couchsurfing among them. Then Airbnb and Uber revolutionized the transportation and hospitality industries with a presence in virtually every major city. Access over ownership is the paradigm shift from the traditional business model that grants individuals the use of products or services without the necessity of buying them. Digital platforms, data and algorithm-driven companies as well as decentralized blockchain technologies have tremendous potential. But they are also changing the rules of the game. One of such technologies challenging the legal system are AI systems that will also reshape the current legal framework concerning the liability of operators, users and manufacturers. Therefore, this introductory chapter deals with explaining and describing the legal issues of some of these disruptive technologies. The chapter argues for a more forward-thinking and flexible regulatory structure.
- Published
- 2024
27. Using satellite imagery to monitor remote rural economies at high frequency
- Author
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von Carnap, Tillmann, Asiyabi, Reza M., Dingus, Paul, and Tompsett, Anna
- Subjects
Economics - General Economics - Abstract
Despite global progress in reducing extreme poverty, stubborn pockets remain, often in remote and fragile regions. A fundamental obstacle to further progress is that remoteness and fragility also constrain our ability to monitor economic conditions. Using satellite imagery, we develop a new approach to monitor economic activity at periodic markets, focal points for rural trade throughout history and much of the world today. We describe how to detect marketplaces without pre-existing maps and how to construct an up-to-weekly measure of their activity. We show that we successfully detect marketplaces and that activity correlates with other measures of economic activity, captures seasonal patterns, and responds to local weather and conflict. Drawing on high frequency, globally available imagery, our approach enables real-time monitoring of economic activity independent of ground conditions. ., Comment: 20 pages with 4 figures, Supplementary Materials for 19 pages with 6 figures and 2 tables
- Published
- 2024
28. Reasoning in Token Economies: Budget-Aware Evaluation of LLM Reasoning Strategies
- Author
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Wang, Junlin, Jain, Siddhartha, Zhang, Dejiao, Ray, Baishakhi, Kumar, Varun, and Athiwaratkun, Ben
- Subjects
Computer Science - Computation and Language - Abstract
A diverse array of reasoning strategies has been proposed to elicit the capabilities of large language models. However, in this paper, we point out that traditional evaluations which focus solely on performance metrics miss a key factor: the increased effectiveness due to additional compute. By overlooking this aspect, a skewed view of strategy efficiency is often presented. This paper introduces a framework that incorporates the compute budget into the evaluation, providing a more informative comparison that takes into account both performance metrics and computational cost. In this budget-aware perspective, we find that complex reasoning strategies often don't surpass simpler baselines purely due to algorithmic ingenuity, but rather due to the larger computational resources allocated. When we provide a simple baseline like chain-of-thought self-consistency with comparable compute resources, it frequently outperforms reasoning strategies proposed in the literature. In this scale-aware perspective, we find that unlike self-consistency, certain strategies such as multi-agent debate or Reflexion can become worse if more compute budget is utilized.
- Published
- 2024
29. Efficiency in Pure-Exchange Economies with Risk-Averse Monetary Utilities
- Author
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Ghossoub, Mario and Zhu, Michael Boyuan
- Subjects
Quantitative Finance - Mathematical Finance ,Economics - Theoretical Economics ,Quantitative Finance - Risk Management - Abstract
We study Pareto efficiency in a pure-exchange economy where agents' preferences are represented by risk-averse monetary utilities. These coincide with law-invariant monetary utilities, and they can be shown to correspond to the class of monotone, (quasi-)concave, Schur concave, and translation-invariant utility functionals. This covers a large class of utility functionals, including a variety of law-invariant robust utilities. We show that Pareto optima exist and are comonotone, and we provide a crisp characterization thereof in the case of law-invariant positively homogeneous monetary utilities. This characterization provides an easily implementable algorithm that fully determines the shape of Pareto-optimal allocations. In the special case of law-invariant comonotone-additive monetary utility functionals (concave Yaari-Dual utilities), we provide a closed-form characterization of Pareto optima. As an application, we examine risk-sharing markets where all agents evaluate risk through law-invariant coherent risk measures, a widely popular class of risk measures. In a numerical illustration, we characterize Pareto-optimal risk-sharing for some special types of coherent risk measures.
- Published
- 2024
30. Eurasian Economies
- Author
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E. Ayşen Hiç Gencer, Author, Selahattin Sarı, Author, E. Ayşen Hiç Gencer, Author, and Selahattin Sarı, Author
- Subjects
- Economic development--Eurasia
- Abstract
This volume explores the economies of countries in Asia, as well as the former Soviet socialist bloc countries of Central Asia and the Balkans. It analyses the region from the perspective of globalization and regional economic integration, economic growth and sustainable development, international trade and finance, money market and banking systems, labor market and external migration, energy and agricultural sectors. This book will appeal to anyone who is interested in economies of this region, their transition process towards a market economy regime, and their integration in the global world, including academicians from any field of social sciences, as well as decision makers, politicians, businessmen and journalists.
- Published
- 2020
31. Grassroots Economies : Living with Austerity in Southern Europe
- Author
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Susana Narotzky and Susana Narotzky
- Subjects
- Poverty--Europe, Southern, Poor--Europe, Southern
- Abstract
The austerity crisis has radically altered the economic landscape of Southern Europe. But alongside the decimation of public services and infrastructure lies the wreckage of a generation's visions for the future. In Greece, Italy, Spain and Portugal, there is a new, difficult reality of downward mobility. Grassroots Economies interrogates the effects of the economic crisis on the livelihood of working people, providing insight into their anxieties. Drawing on a wide range of ethnographic material, it is a distinctive comparative analysis that explores the contradictions of their coping mechanisms and support structures. With a focus on gender, the book explores values and ideologies, including dispossession and accumulation. Ultimately it demonstrates that everyday interactions on the local scale provide a significant sense of the global.
- Published
- 2020
32. The Economies of Central Asia
- Author
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Pomfret, Richard and Pomfret, Richard
- Published
- 2014
- Full Text
- View/download PDF
33. Viral Economies : Bird Flu Experiments in Vietnam
- Author
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Natalie Porter and Natalie Porter
- Subjects
- Avian influenza--Vietnam, Poultry--Virus diseases
- Abstract
Over the last decade, infectious disease outbreaks have heightened fears of a catastrophic pandemic passing from animals to humans. From Ebola and bird flu to swine flu and MERS, zoonotic viruses are killing animals and wreaking havoc on the people living near them. Given this clear correlation between animals and viral infection, why are animals largely invisible in social science accounts of pandemics, and why do they remain marginal in critiques of global public health? In Viral Economies, Natalie Porter draws from long-term research on bird flu in Vietnam to chart the pathways of scientists, NGO workers, state veterinarians, and poultry farmers as they define and address pandemic risks. Porter argues that as global health programs expand their purview to include life and livestock, they weigh the interests of public health against those of commercial agriculture, rural tradition, and scientific innovation. Porter challenges human-centered analyses of pandemics and shows how dynamic and often dangerous human-animal relations take on global significance as poultry and their pathogens travel through global livestock economies and transnational health networks. Viral Economies urges readers to think critically about the ideas, relationships, and practices that produce our everyday commodities, and that shape how we determine the value of life—both human and nonhuman.
- Published
- 2019
34. Economies of Destruction : How the Systematic Destruction of Valuables Created Value in Bronze Age Europe, C. 2300-500 BC
- Author
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David Fontijn and David Fontijn
- Subjects
- Bronze age--Europe, Metal wastes--Europe--History, Economic anthropology
- Abstract
Why do people destroy objects and materials that are important to them? This book aims to make sense of this fascinating, yet puzzling social practice by focusing on a period in history in which such destructive behaviour reached unseen heights and complexity: the Bronze Age and Early Iron Age in Europe (c. 2300–500 BC). This period is often seen as the time in which a ‘familiar'Europe took shape due to the rise of a metal-based economy. But it was also during the Bronze Age that massive amounts of scarce and recyclable metal were deliberately buried in the landscape and never taken out again. This systematic deposition of metalwork sits uneasily with our prevailing perception of the Bronze Age as the first ‘rational-economic'period in history – and therewith – of ourselves. Taking the patterned archaeological evidence of these seemingly un-economic metalwork depositions at face value, it is shown that the ‘un-economic'giving-up of metal valuables was an integral part of what a Bronze Age ‘economy'was about. Based on case studies from Bronze Age Europe, this book attempts to reconcile the seemingly conflicting political and cultural approaches that are currently used to understand this pivotal period in Europe's deep history. It seems that to achieve something in society, something else must be given up.Using theories from economic anthropology, this book argues that – paradoxically – giving up that which was valuable created value. It will be invaluable to scholars and archaeologists interested in the Bronze Age, ancient economies, and a new angle on metalwork depositions.
- Published
- 2019
35. A Marxian Optimal Growth Model for Economies with Minimum Subsistence Wages
- Author
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Ohira, Satoshi and Li, Chen
- Published
- 2023
36. Large Economies
- Author
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Minelli, Enrico
- Published
- 2023
37. Moral Economies
- Author
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Ute Frevert and Ute Frevert
- Subjects
- Economics--Moral and ethical aspects
- Abstract
Is there a moral economy of capitalism? The term'moral economy'was coined in pre-capitalist times and does not refer to economy as we know it today. It was only in the nineteenth century that economy came to mean the production and circulation of goods and services. At the same time, the term started to be used in an explicitly critical tone: references to moral economy were normally critical of modern forms of economy, which were purportedly lacking in morals. In our times, too, the morality of capitalism is often the topic of debate and controversy.'Moral Economies'engages in these debates. Using historical case studies from the eighteenth, nineteenth, and twentieth centuries the book discusses the degree to which economic actions and decisions were permeated with moral, good-vs-bad classifications. Moreover it shows how strongly antiquity's concept of'embedded'economy is still powerful in modernity. The model for this was often the private household, in which moral, social, and economic behavior patterns were intertwined. The do-it-yourself movement of the late twentieth and early twenty-first centuries was still oriented towards this model, thereby criticizing capitalism on moral grounds.
- Published
- 2019
38. Decarbonization analysis on residential end uses in the emerging economies
- Author
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Yan, Ran and Ma, Minda
- Subjects
Economics - General Economics - Abstract
This study explores the historical emission patterns and decarbonization efforts of China and India, the largest emerging emitters in residential building operations. Using a novel carbon intensity model and structural decomposition approach, it assesses the operational decarbonization progress over the past two decades. Results show significant decarbonization, with China and India collectively reducing 1498.3 and 399.7 MtCO2, respectively. Electrification notably contributed to decarbonizing space cooling and appliances in both countries., Comment: 7 pages, 5 figures. arXiv admin note: substantial text overlap with arXiv:2306.13858
- Published
- 2024
39. SIR-RL: Reinforcement Learning for Optimized Policy Control during Epidemiological Outbreaks in Emerging Market and Developing Economies
- Author
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Jain, Maeghal, Uddin, Ziya, and Ibrahim, Wubshet
- Subjects
Computer Science - Machine Learning ,Physics - Physics and Society ,Quantitative Biology - Populations and Evolution - Abstract
The outbreak of COVID-19 has highlighted the intricate interplay between public health and economic stability on a global scale. This study proposes a novel reinforcement learning framework designed to optimize health and economic outcomes during pandemics. The framework leverages the SIR model, integrating both lockdown measures (via a stringency index) and vaccination strategies to simulate disease dynamics. The stringency index, indicative of the severity of lockdown measures, influences both the spread of the disease and the economic health of a country. Developing nations, which bear a disproportionate economic burden under stringent lockdowns, are the primary focus of our study. By implementing reinforcement learning, we aim to optimize governmental responses and strike a balance between the competing costs associated with public health and economic stability. This approach also enhances transparency in governmental decision-making by establishing a well-defined reward function for the reinforcement learning agent. In essence, this study introduces an innovative and ethical strategy to navigate the challenge of balancing public health and economic stability amidst infectious disease outbreaks., Comment: 27 pages, 12 figures
- Published
- 2024
40. Hub Network Design Problem with Capacity, Congestion and Heterogeneous Economies of Scale
- Author
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Liu, Xiaotong
- Subjects
Mathematics - Optimization and Control - Abstract
We propose a joint model that links the strategic level location and capacity decisions with the operational level routing and hub assignment decisions to solve hub network design problem with congestion and heterogeneous economics of scale. We also develop a novel flow-based mixed-integer second-order cone programming (MISOCP) formulation. We perform numerical experiments on a real-world data set to validate the efficiency of solving the MISOCP reformulation. The numerical studies yield observations can be used as guidelines in the design of transportation network for a logistics company., Comment: 9 pages,4 figures
- Published
- 2024
41. Early warning systems for financial markets of emerging economies
- Author
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Kraevskiy, Artem, Prokhorov, Artem, and Sokolovskiy, Evgeniy
- Subjects
Economics - Econometrics ,Computer Science - Information Theory - Abstract
We develop and apply a new online early warning system (EWS) for what is known in machine learning as concept drift, in economics as a regime shift and in statistics as a change point. The system goes beyond linearity assumed in many conventional methods, and is robust to heavy tails and tail-dependence in the data, making it particularly suitable for emerging markets. The key component is an effective change-point detection mechanism for conditional entropy of the data, rather than for a particular indicator of interest. Combined with recent advances in machine learning methods for high-dimensional random forests, the mechanism is capable of finding significant shifts in information transfer between interdependent time series when traditional methods fail. We explore when this happens using simulations and we provide illustrations by applying the method to Uzbekistan's commodity and equity markets as well as to Russia's equity market in 2021-2023.
- Published
- 2024
42. Transition Economies : Transformation, Development, and Society in Eastern Europe and the Former Soviet Union
- Author
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Aleksandr V. Gevorkyan and Aleksandr V. Gevorkyan
- Subjects
- Post-communism--Europe, Eastern, Post-communism--Former Soviet republics
- Abstract
This interdisciplinary study offers a comprehensive analysis of the transition economies of Central and Eastern Europe and the former Soviet Union. Providing full historical context and drawing on a wide range of literature, this book explores the continuous economic and social transformation of the post-socialist world. While the future is yet to be determined, understanding the present phase of transformation is critical. The book's core exploration evolves along three pivots of competitive economic structure, institutional change, and social welfare. The main elements include analysis of the emergence of the socialist economic model; its adaptations through the twentieth century; discussion of the 1990s market transition reforms; post-2008 crisis development; and the social and economic diversity in the region today. With an appreciation for country specifics, the book also considers the urgent problems of social policy, poverty, income inequality, and labor migration. Transition Economies will aid students, researchers and policy makers working on the problems of comparative economics, economic development, economic history, economic systems transition, international political economy, as well as specialists in post-Soviet and Central and Eastern European regional studies.
- Published
- 2018
43. Craft Economies
- Author
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Susan Luckman, Nicola Thomas, Susan Luckman, and Nicola Thomas
- Subjects
- Handicraft--Economic aspects, Handicraft industries
- Abstract
Craft Economies provides a wide-ranging exploration of contemporary craft production, situating practices of amateur and professional making within a wider creative economy. Contributors address a diverse range of practices, sites and forms of making in a wide range of regional and national contexts, from floristry to ceramics and from crochet to coding. The volume considers the role of digital practices of making and the impact of the maker's movement as part of larger trends around customisation, on-demand production, and the possibilities of 3D printing and digital manufacturing.
- Published
- 2018
44. Pastoral Economies in Classical Antiquity
- Author
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WHITTAKER, C. R., Edited by and WHITTAKER, C. R.
- Published
- 2020
- Full Text
- View/download PDF
45. Screening Economies : Money Matters and the Ethics of Representation
- Author
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Daniel Cuonz, Scott Loren, Jörg Metelmann, Daniel Cuonz, Scott Loren, and Jörg Metelmann
- Subjects
- Mass media--Philosophy, Art and society, Mass media and culture, Economics--Sociological aspects
- Abstract
The relationship between economy, finance and society has become opaque. Quantum leaps in complexity and scale have turned this deeply interdependent web of relations into an area of incomprehensible abstraction. And while the economization of life has come under widespread critique, inquiry into the political potential of representational praxis is more crucial than ever. This volume explores ethical, aesthetic and ideological dimensions of economic representation, redressing essential questions: What are the roles of mass and new media? How do the arts contribute to critical discourse on the global techno-economic complex? Collectively, the contributions bring theoretical debate and artistic intervention into a rich exchange that includes but also exceeds the conventions of academic scholarship.
- Published
- 2018
46. Do Exports from Developing Economies Still Matter in Global Value Chains? : Evidence from Malaysia, Thailand and Vietnam
- Author
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Lee, Woocheol
- Published
- 2022
47. Theories of International Regional Economic Integration and China’s Borderland Economies
- Author
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Liang, Shuanglu and Liang, Shuanglu
- Published
- 2024
- Full Text
- View/download PDF
48. National Economies in Globalization
- Author
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Kwon, Hyeong-ki and Kwon, Hyeong-ki
- Published
- 2024
- Full Text
- View/download PDF
49. Impacts of Industrial Hollowing and New Industrial Clusters on Regional Economies Under Declining Population in Japan
- Author
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Tokunaga, Suminori, Higano, Yoshiro, Editor-in-Chief, and Tokunaga, Suminori
- Published
- 2024
- Full Text
- View/download PDF
50. Impacts of New Agro-Based Food Industry Cluster with Digital Technology on Regional Economies Under Declining Population in Japan
- Author
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Tokunaga, Suminori, Higano, Yoshiro, Editor-in-Chief, and Tokunaga, Suminori
- Published
- 2024
- Full Text
- View/download PDF
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