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The transactive energy market is an emerging development in energy economics built on advanced metering infrastructure. Data generated in this context is often required for market operations, while also being privacy sensitive. This dual concern has necessitated the development of various methods of obfuscation in order to maintain privacy while still facilitating operations. While data aggregation is a common approach in this context, many of the existing aggregation methods rely on additional network components or lack flexibility. In this paper, we introduce Cyclic Homomorphic Encryption Aggregation (CHEA), a secure aggregation protocol that eliminates the need for additional network components or complicated key distribution schemes, while providing additional capabilities compared to similar protocols. We validate our scheme with formal security analysis as well as a software simulation of a transactive energy network running the scheme. Results indicate that CHEA performs well in comparison to similar works, with minimal communication overheads. Additionally, CHEA retains all standard security properties held by other aggregation schemes, while improving flexibility and reducing infrastructural requirements. Our scheme operates on similar assumptions as other works, but current smart metering hardware lags in terms of processing power, making the scheme infeasible on the current generation of hardware. However, these capabilities should quickly advance to an accommodating state. With this in mind, and given the results, we believe CHEA is a strong candidate for aggregating transactive energy data. [ABSTRACT FROM AUTHOR]

The field of water management is continually changing. Water has been subject to external shocks in the form of climate change and globalization. Water management analysis is subject to disciplinary developments and inter-disciplinary interactions. Are these developments well-documented in the literature? Initial observations in the interdisciplinary literature suggest that results are fragmented, implying that a state-of-the-art review is needed. This paper aims to close such a gap by reviewing recent developments in water economics that address increasing perceptions of water scarcity by looking first at changes in the supply and quality of water and then at the impacts of climate change on water supply extremes. Among responses to such challenges, this paper identifies changes to water use patterns by including and co-managing water from different sources, including surface and groundwater, reclaimed wastewater, and desalinated water. Technological advancements are also among the resources that address water challenges. Water challenges are also reflected in the management of internationally shared water. A recent surge in scientific work identified international treaties as a significant contributor to international water management. This paper reviews recently employed economic approaches, such as experimental economics, game theory, institutional economics, and valuation methods. And, finally, it explores modeling approaches, including hydro-economic and computable general equilibrium models, that are being used to deal with water challenges. [ABSTRACT FROM AUTHOR]

The present investigation elaborates on the level of game theory application for the applied and theoretical analyses of climate change and development studies. This editorial shows that the common good character of global climate alongside the increasing internalization of environmental externalities through national regulations and international environmental treaties jointly result in the increasing congruence between the context of climate change problems and the game theoretical method. Furthermore, the adoption of the Paris Accord by the overwhelming majority of developing countries as well as the disproportionate vulnerability of the Global South have led to an increasing shift in focus with regard to international development cooperation, from poverty alleviation and economic growth to green growth and circular economy solutions, within developing countries. The underutilization of game theory in the context of development studies is not satisfactory. This paper underlines the importance of implementing an impetus to researchers for scholarly discussions and applications of game theory in a discourse on the following topics: 1. economic growth; 2. climate change mitigation and adaptation; and 3. a broader socioeconomic development. [ABSTRACT FROM AUTHOR]

The article is a review of the book "Labor Economics in an Islamic Framework: Theory and Practice." The book aims to fill the gap in the limited studies on labor economics from an Islamic perspective. It consists of 12 chapters that cover various topics such as labor market models, Islamic scholars' contributions to labor economics, conceptual labor issues, the labor market in Muslim countries, social security, and more. The book provides a comprehensive discussion of labor economics from an Islamic viewpoint and offers extensive references to support the authors' analysis. It is recommended for academia interested in labor economics from an Islamic perspective and suggests areas for further research. [Extracted from the article]

The article discusses the EU Directive on Corporate Sustainable Due Diligence, exploring concerns about the potential privatization of compliance costs in complex supply networks, especially in countries with weak enforcement mechanisms. It proposes options to enhance the directive's effectiveness, such as excluding countries with sufficient regulatory systems, focusing on supplier-buyer relationships, and implementing a private certification scheme.

Copyright of Revista Venezolana de Gerencia (RVG) is the property of Revista de Filosofia-Universidad del Zulia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper rescues Deirdre McCloskey's ideas about Rhetoric in Economics and some issues left out in subsequent discussions. There is a parallel between the ideas of McCloskey and Bruno Latour, and the complementarities of their perspectives are very relevant for the development of Economics. Some reflections are here offered to improve the practice of Economics, which are related to the social constructions of facts in the field, to the internalization of political aspects, and to the importance of alternating between fact and fiction in a dynamic that does not result in a zero-sum game, underlining the characteristic of Economics as being inherently rhetorical. [ABSTRACT FROM AUTHOR]

Maritime industry clustering has in recent years gained attention as a tool for strategic global and regional economic competitiveness policies, owing to their co-location synergies and agglomeration economies. The Nigerian maritime sector is known to have a large industry, which comprises shipping and logistics firms, shipyards, ship consultants and a suite of other firms, institutions and associations with maritime functions. However, nothing is known about the structural characteristics and environmental dynamics of this significant cluster. This article, capitalising on a critical and meta-analytic review of studies and conceptual modelling, explores for the first time the Nigerian maritime industry from a cluster perspective, underpinned by the foundational competitiveness of Nigerian microeconomic performance. It further evaluates broadly the quality of the Nigerian business environment, highlighting the challenges and opportunities for strategic foresight in decision-making. Targeted recommendations predicated on cluster-specific characteristics are provided to improve cluster competitiveness. [ABSTRACT FROM AUTHOR]

We investigate the empirical nexus between financial inclusion and economic growth for an extended sample of 21 Asian countries spanning over a period from 2004 to 2019. Further, we also conducted a sub-sample analysis by dividing the overall samples into developed and developing countries. Our results reveal a significant positive long-term impact of financial inclusion on economic growth in Asia. Our pair-wise causality test shows bidirectional causality between financial inclusion and economic development. Our robust results are consistent across various estimation techniques. Our findings suggest that the influence of financial inclusion on economic growth is more pronounced in developing countries compared to developed countries. Our results hold across subsamples. These findings posit important policy insights to enable the policy-makers in designing policies that ensure efficient and inclusive financial system on an equitable basis to achieve sustainable economic growth. [ABSTRACT FROM AUTHOR]

The petroleum industry is becoming increasingly concerned with sand production, which is common in the Niger Delta and presents technical, operational, and financial difficulties. Literature has devoted a lot of time to the creation of sanding prediction tools and efficient management techniques. However, the majority of the published theoretical models have been supported by data from other petroleum regions than the Niger Delta or evidence from laboratories. An easy-to-use machine learning model was created that takes into account the idea of dimensionless quantities related to sanding. The parameters taken into consideration included Reynold's Number, Loading factor, Gas-Liquid Ratio and water-cut. An equation for predicting sand production rate is the output from this work. Model validation was carried out on the developed model and the deviation was less than 5% demonstrating the validity of the proposed model. The developed model, when compared to existing models, forecasts superior outcomes, particularly when the boost factor and GLR are very high. The study has a wide range of practical implications, including reservoir management, general well completion design, and field development plans and economics. [ABSTRACT FROM AUTHOR]

Edith Penrose is best known for her classic book The Theory of the Growth of the Firm, originally published in 1959, but she also made major contributions in other fields, including patents, the oil industry, and development economics. This special double issue of the International Review of Applied Economics publishes recent research from a range of leading economists and management scholars from across the world, either explicitly analysing Penrose's contribution, or else analysing topics from firms' collaborations with universities through to the practice and consequences of share buy-backs, which demonstrate that a Penrosian perspective helps to illuminate the reality of such processes. [ABSTRACT FROM AUTHOR]

Copyright of Revista Entramado is the property of Universidad Libre Seccional Cali and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Informacion Comercial Espanola Revista de Economia is the property of S.G.E.E.I.P.C., Secretaria de Estado de Comercio, Ministerio de Industria, Comercio y Turismo and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This document is a compilation of research articles and papers that examine the impact of financial inclusion and technology on tax performance and economic growth in Sub-Saharan Africa. The studies analyze various factors such as institutions, colonialism, gender, digital financial inclusion, taxation, revenue mobilization, income inequality, and the use of information communication technology in tax administration. The research suggests that improving financial inclusion and technology can have positive effects on tax revenue and economic development in the region. However, further research is needed to fully understand the complexities and potential challenges associated with these factors. [Extracted from the article]

Cold-chain logistics presents significant challenges to sustainable development in terms of economics, society, and the environment. To address this issue, this paper focuses on solving a real-world problem—the multipath location-routing problem-based cold-chain logistics (MPLRPCCL), which considers soft time windows and heterogeneous fleets. The mathematical model aims to optimize the total logistics costs, including fuel consumption, carbon emissions, cargo deterioration, penalties, operating depots, and renting fleets. To effectively solve this problem, the paper proposes three versions of a memetic algorithm (MA) that incorporate control modules for monitoring the MA's performance and improving its global optimization performance. Computational evaluations were conducted, and the results show that the proposed algorithms are effective and outperform the classic MA framework. Furthermore, the proposed model and algorithms were applied to real-world cases in Hangzhou city, China, demonstrating their practical applicability. Overall, this paper offers a promising approach to tackling the complex challenges posed by cold-chain logistics and contributes to the sustainable development of this important field. [ABSTRACT FROM AUTHOR]

Fernando Rios-Avila has been awarded the Editors' Prize for 2023 by the Stata Journal for his outstanding contributions to the Stata community. Rios-Avila is an economist with expertise in labor economics, applied microeconomics, development economics, and poverty and inequality. He has published several articles in the Stata Journal, including ones on recentered influence functions, smooth varying-coefficient models, and estimation of marginal effects. Rios-Avila is also active on Statalist and has contributed to the development of Stata commands. The editors commend him for his valuable contributions to the Stata community. [Extracted from the article]

The roundtable, convened to celebrate the 25th ESHET conference, asked how the history of economic thought can become relevant for actual economic policy. Schefold begins with methodological remarks and illustrates the general theme by showing how the policies of ordoliberalism involve a dialogue between postulates formulated in the past and revaluations made necessary by new conditions. Von Weizsäcker proposes an economic policy based on a new Hicksian reconstruction and extension of Böhm-Bawerks theory. Maes shows how modern central banks do historical research which may induce them to take some distance from ongoing research and to avoid a "this time is different" view. Boianovsky provides highlights of the history of development economics and its policy implications. Feldman uses history of economic thought to find solutions for recurrent balance-of-payments crises affecting peripheral economies. [ABSTRACT FROM AUTHOR]

This paper focuses upon alignment behaviour in the post-Soviet space and seeks to explain why balancing Russia by certain post-Soviet states, despite their numerous efforts to form alliances, has failed. Whereas this failure lies within the explanatory realm of the classical alignment theories, it is more puzzling why some of these post-Soviet states understood the limitations of balancing well and acted accordingly, while others failed to do so at detrimental costs. Trying to explain the failure of balancing Russia, the paper introduces a new theoretical concept that complements the existing alignment theories, and subsequently moves to explain the empirical puzzle of variations in post-Soviet states' assessment of alignment options. In doing so, the paper focuses upon three case studies, namely Georgia and Ukraine on the one hand, that increased their efforts to balance Russia in the last decade and ended up detrimentally, and Azerbaijan on the other hand that refrained from doing so. Unit level variables such as the elites' mis-perceptions/miscalculations of their alignment options as well as distribution of material capabilities, domestic politics and different strategic cultures are employed to explain the variation. The theoretical concept offered in the paper allows for an accurate understanding of alignment behavior in the post-Soviet space. [ABSTRACT FROM AUTHOR]

Purpose: A lack of sufficient gainful employment opportunities in developing countries means that those at the bottom of the income ladder resort to self-employment for survival. While self-employment equalises inequality by providing earning opportunities to such individuals due to the ease of entry, it also creates a competitive environment among the self-employed, consequently widening inequality. In light of this, the study aims to determine the optimal level at which self-employment narrows inequality. Design/methodology/approach: Five-yearly average data from 72 developing countries covering 2000–2019 is used. Inequality measures include Gini, and self-employment includes total, male and female participation levels. The empirical analysis is based on the dynamic two-step system Generalized Method of Moments (GMM) estimation approach, two-stage instrumental variables (2 SLS IV) approach and Sasabuchi (1980) and Lind and Mehlum (2010) test. Several robustness checks are used to validate the findings. Findings: Prima facie, the study's findings suggest that self-employment equalises inequality in developing countries. The income-equalising effect can be seen, however, when the total, male and female self-employment levels are below the optimal of 54.22% of total employment, 52.50% of male employment and 54.19% of female employment, respectively. Inequality widens when self-employment exceeds these optimal levels. Further, the income-narrowing effect of self-employment is larger than its income-widening effect. When self-employment is below its optimal level, it reduces inequality 80 times more effectively than when it widens above the optimal levels. The corresponding figures for male and female self-employment are 90 and 52, respectively. Second, the income-equalising effects of self-employment are gender-specific. Practical implications: Developing countries striving to achieve SDG 10 should limit self-employment to the above-mentioned levels. To this end, an inclusive approach to reducing inequality requires these countries to use selective and targeted policy interventions to create gainful employment opportunities for those above the identified optimal levels and eventually assist them in utilising these opportunities. Originality/value: To the best of the author's knowledge, this is the first study to determine the optimal levels at which self-employment equalises income in developing countries. As such, it makes novel contributions to both labour and development economics. [ABSTRACT FROM AUTHOR]

In recent years, researchers from MIT and Harvard University have developed a complexity approach to economic development. This perspective implicitly follows some characteristic elements of the complexity scientific paradigm emerged in the second half of the twentieth century but focuses on a practical application to economic development. As in the more general theory of complexity economics, this Harvard-MIT approach has many points in common with Austrian economics. This paper highlights these similarities, concerning capital theory, entrepreneurship, a knowledge-based view of the economy, organizational capabilities, and economic growth. As a result of these similarities, we also present the policy implications derived from the shared elements of the two currents, which materializes in the idea that the Harvard-MIT approach can adopt the Market Policy Pogramme (MPP), conceived by David Harper as a practical application of the fundamental theoretical principles of Austrian economics. [ABSTRACT FROM AUTHOR]

Background: This study aims to explore how domestic entrepreneurs can benefit from the thriving global agribusiness by establishing themselves in agro-industrial segments that can best remunerate capital and labour. The ways in which domestic entrepreneurs in Brazil enter different segments of the agribusiness industry were assessed with specific attention to implications for the development of local agro-industrial capabilities. Methods: We assessed the current market share of domestic companies in relation to foreign multinationals in various segments of the sugar and ethanol supply chain in Brazil. Results: Foreign multinationals are market leaders in the fertilizers, machinery and trading segments (domestic companies market share is 20.3%, 33.3% and 42.9% in those segments respectively). However, Brazilian companies have achieved higher market share in segments such as plant breeding, sugarcane processing and farming (domestic market share is 93.2%, 67.4% and 75.5% respectively). Plant breeding, farming and trading benefit from governmental support in research, subsidized credits and market policies respectively. Conclusions: By investing in agro-industrial sectors developing countries can benefit from agribusiness expansion for their economic growth. Investments in science and technology and domestic regulatory actions can help to build country capabilities, although the impacts are sometimes limited to the agro-industrial sectors where domestic companies are more competitive. These lessons can help other developing countries to assess their opportunities and challenges for agro-industrial development. [ABSTRACT FROM AUTHOR]

Histories of the development of professions show a profession's relationship with the state as key to its authority. Yet professions, to gain technocratic authority, also strive to depoliticise their discourses to gain technocratic authority. This dilemmatic tension is particularly true for the economics profession. The historical development of the Irish economics provides an interesting case, where a complicated relationship with the state ultimately strengthened the profession within a society. An initial formalisation trajectory of Irish economics was thrown off course by the formation of an independent Irish state in the 1920s. This marked a period of isolation for the profession and saw it ostracised from government policy. Subsequent developments also saw the Irish economists' position as critics of government policy rather than a core part of the state. [ABSTRACT FROM AUTHOR]

This article explores the concept of institutional capacity and its role in socio-economic development. It discusses the importance of managing institutional capacity for effective development, particularly in terms of income generation. The article also highlights the role of resource potential and the need to understand the processes of institutional evolution. It emphasizes the complexity of analyzing resource potential due to the multi-vector evolution of social relations and institutional changes. The article suggests further research on evaluating and measuring institutional capital and its impact on socio-economic development. [Extracted from the article]