Statistical Process Control

The book was never written for the professional statistician or mathematician. As before, attempts have been made to eliminate much of the mathematical jargon that often causes distress. Those interested in pursuing the theoretical aspects will now find, at the end of each chapter, references to books and papers for further study, together with discussion questions. Several of the chapters end…

Finance for Food : Towards New Agricultural and Rural Finance

Edisi

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ISBN/ISSN

9783642540349

Deskripsi Fisik

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Judul Seri

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No. Panggil

657.863 Fin

Plantdesign and economics for chemical engineers

Advances in the level of understanding of chemical engineering principles, combined with the availability of new tools and new techniques, have led to an increased degree of sophistication which can now be applied to the design of industrial chemical operations. This fourth edition takes advantage of the widened spectrum of chemical engineering knowledge by the inclusion of considerable ma…

Can we make global banks safer? A practitioner's view

Abstract: Since the banking crisis of 2008, big international banks have been considered a threat to financial stability. These banks are under a regulatory pressure that goes farther than the new Basel rules. Regulators are trying to reduce their international interconnectivity, they are trying to tackle the problem of 'too big to fail', and they are looking at ways to split the retail banking…

The economics of risk

This sign is posted at the horse stables where my two younger daughters ride horses on Saturday mornings. The sign communicates at least two distinct messages to its reader. First, riding horses is a risky activity. Even though it is a small percentage of riders overall, a number do get injured in horse-riding incidents with the possibility of even sustaining a serious or life-threatening injur…

Political connection and firm value: an Indian perspective

Purpose – The purpose of this paper is to verify existence of political connection of firms in India. For this purpose the paper first presents a theoretical model and then tests empirically the movement of stock prices during two state elections in India. Design/methodology/approach – The methodology is theoretical modelling where the paper applies the standard Cournot model of oligopo…

Economics of ageing: research area and perspectives

Purpose – The purpose of this paper is to analyse the latest findings on the economic potential of ageing and compare them primarily from a consumables perspective. The relevant question relating to this research was: What are the economic consequences of the demographic development in relation to consumer demand for products and services in old age? Design/methodology/approach – Narrat…

Metaphors as research tools in economics

Purpose – The aim of this paper is to show that metaphors play an important role in the making of economics. Design/methodology/approach – The paper’s discussion is situated within the framework of methodology of economics. It refers to recent studies on the role of metaphors in economics, as well as to the rhetoric – realism controversy (e.g. D. McCloskey versus U. Mäki). Finding…

Is there a case for a ‘‘liberal education’’?

Purpose – Since the creation of the trivium and quadrivium as the core for a post- secondary education, education itself has undergone substantive change, particularly since the end of the eighteenth century. Unspoken is the change in the population seeking such advanced knowledge, as well as the idea that the original elements might be recast as liberal studies and STEM (science/technolog…

Inverting priorities

Purpose – The purpose of this editorial is to argue that investments in early childhood intervention will bring greater than market returns to society and that there should be a resource reallocation in education from post-secondary. It also aims to argue that these returns need to reconsider education as an investment to be weighed against conventional investments, particularly by the pub…

Learning from interacting: language,economics and the entrepreneur

Purpose – The purpose of this article is to provide a method of gaining transdisciplinary insight by focusing on keywords in the language we use. The language of economics dominates discourse about the economy. Analyzing this discourse from a great variety of perspectives has blossomed but promises much more. The study of the keyword “entrepreneur” illustrates the strengths and weaknes…

Effects of election results on stock price performance:evidence from 1980 to …

Purpose – The authors aim to analyze whether the results of the 1980 to 2008 US presidential elections influence the stock market performance of eight industries and they seek to examine factors that are expected to affect firms’ stock returns around these elections. Their empirical analysis reflects firms’ exposure to government policies in two ways. Design/methodology/approach – F…

The root and responsibility model: a framework for ethical consumption

Purpose – Much information is hidden from consumers including social and environmental violations, poor labour practices and unethical economic activities. This paper aims to present a model for both consumers and corporations that can assist in empowering consumers when making purchasing decisions by bringing the behind the scenes information to the buyer. A responsibility rating is prov…

The influence of personal and environmental factors on entrepreneurs’ perfo…

Purpose – This paper aims to analyse the determinants of business start-ups and their impact on entrepreneurial performance. The theoretical part indicates that the importance of small- and medium-sized enterprises (SMEs) considers the role of entrepreneur in the business process and provides an overview of theoretical and empirical findings in the main determinants of business start-ups. …

Innovation: a systemic perspective – developing a systemic innovation theory

Purpose – The primary aim of the article is to create a systemic innovation theory. Design/methodology/approach – In discussing the above, the article will draw on institutional theory, Miller’s theory of living systems and systemic thinking. North’s “action theory” and Asplund’s “motivation theory” are also used to explain aspects of institutional innovations. Findings �…

Mixed modified fruit fly optimization algorithm with general regression neura…

Purpose –When facing a clouded global economy, many countries would increase their gold reserves. On the other hand, oil supply and demand depends on the political and economic situations of oil producing countries and their production technologies. Both oil and gold reserve play important roles in the economic development of a country. The paper aims to discuss this issue. Design/methodo…

Knowledge and the political economy of TARP

Purpose – The purpose of this paper is to establish the consensus about the tremendous economic success of the Troubled Asset Relief Program (TARP) and explore theories of popular disapproval of TARP. Design/methodology/approach – The analytical approach in this paper is a multivariate survey logit based on two Pew Research Center surveys that include questions on knowledge of and views…

Perspectives on “marginal crisis risk” and “leaning against the wind”…

Purpose – The purpose of this paper is to relate the marginal crisis risk of Woodford to a number of financial fragility indicators. The paper expands the interest rate gap approach by considering the capital structure of investments and systemic risk, dating back to Modigliani-Miller. The model allows for distinct impacts from asset inflation, leverage as well as incentives for speculativ…

Determinants of foreign direct investment in OECD member countries

Purpose – The aim of this paper is to get an insight into the potential determinants of foreign direct investment (FDI) for a panel of ten OECD member countries over the period of 1985-2009. Design/methodology/approach – Granger causality tests have been implemented in the study to identify causalities, both in the short- and long-run, between FDI and the variables that emerge as signif…

Tax evasion and compliance;from the neo classical paradigm to behavioural eco…

Purpose – Tax evasion and tax compliance have been popular research subjects for several decades. This paper aims to present a comprehensive review of the literature explaining individual taxpayer’s behaviour. Design/methodology/approach – Recognizing Allingham and Sandmo’s model as the starting point, important modern behavioural approaches in conjunction with the social discipline…

The desocialising of economic theory

Purpose – The paper aims to show that economic theory has become “desocialised” and separated from social theory through the adoption of individualistic methods and neglect of social relations and structures. It also seeks to assess the upshot of these trends, as well as the prospects for reversing them. Design/methodology/approach – A historical overview traces how the social conten…

Once upon a time:the neo-Thomist natural law approach to social economics

Purpose – The purpose of this paper is to understand why the neo-Thomist natural law approach to social economics does not represent a trustworthy epistemological reference for the current social economists but, rather, definitively belongs to the past history of economics. Design/methodology/approach – The approach ventures beyond an epistemological, methodological, and historical anal…

Does activism matter? The case of environmental policy in the US states

Purpose – The purpose of this paper is to examine the role of activism in determining the identity of the “green” median voter and the influence of the green voter on environmental regulatory stringency in the US states. Design/methodology/approach – Regulatory stringency is measured using output weighted abatement spending and an industry concentration adjusted index of state envir…

Assessing the distributional impact of community forest income

Purpose – Emerging evidence revealed a high rate of dependence of marginal people on forest resources in developing countries for both subsistence use and cash income. The purpose of this paper is to examine the rural livelihoods welfare dimensions of community forest income in south-western Nigeria. Design/methodology/approach – Forest activities and income pattern data were collected f…

Attitudes of Turkish students against markets: does studying economics matter?

Purpose – The literature shows economics students to be more market oriented than students from other disciplines. A major shortcoming of this work, however, is that it is based on research carried out in the west. The purpose of this paper is to examine the attitudes of Turkish economics students’ towards markets. Design/methodology/approach – The study reported here uses a survey de…

The composition of public expenditures and economic growth: evidence from Pak…

Purpose – This study is an attempt to examine the role of sub categories of government expenditures under democratic and military regimes in Pakistan for the period of 1972-2009. Design/methodology/approach – This study exercised autoregressive distributed lag (ARDL)model. Findings – The results show that contractionary fiscal expansion occurs in Pakistan. Moreover, the coefficient of…

Response to the papers

Purpose – This article aims to provide a response to the papers in this issue. Design/methodology/approach – The methodology employed is philosophical. Findings – In her response, Nussbaum thanks the authors for their contributions and addresses their most salient arguments. Originality/value – Nussbaum in this article responds to the papers in this issue of IJSE and addresses the …

Moon phase effect on investor psychology and stock ttrading performance

Purpose – This article aims to examine how investor moods and aggressiveness differ in their state and influence investor stock market performance associated with the moon phase. The mechanisms and impact of full moon gravity on investor stock trading performance are explored through an experimental approach and econometrics model. Design/methodology/approach – A time-series quasi-exper…

The tragedy of the private:transaction cost considerations

Purpose – The purpose of this paper is to weigh the benefits and costs of public property, as opposed to private, from the transaction cost perspective. In the absence of transaction costs, private property has clear advantages over public. However, when the true costs of running an economic system are taken into account, the advantages of private property are not so evident and public pro…

Market spectacle:immigration policy along the US/Mexico border

Purpose – The central contribution of the paper aims to provide a new way of thinking and reflecting about using a more critical public policy approach as opposed to the heretofore dysfunctional dichotomist approach common to the immigration policy debate. Design/methodology/approach – Using critical theoretical approaches primarily based on Debord and Agamben, the author compares and c…

Graduates’ job satisfaction across domains of study

Purpose – The purpose of this paper is to address the problem of job satisfaction determinants of higher education graduates across six selected study domains. Design/methodology/approach – Based on the theoretical considerations, derived from human capital theory and signalling theory, the authors formulate the model explaining job satisfaction as a broad measure of labour market succe…

Debt markets in emerging economies: major trends

Abstract: This paper documents the major trends in debt (bank and bond) markets in emerging economies since the early 1990s, when these markets started expanding. The paper shows that banks have increased in size in most emerging economies though from low bases. But bond markets have expanded even more, gaining importance relative to banks. The nature of financing has also changed. Local curre…

Can we expect convergence through monetary integration?

Abstract : It is argued that the European Union and the Eurozone in particular are only able to survive if they succeed in avoiding and/or overcoming real divergence and excessive macroeconomic disequilibria. The mainstream view in economics is that a monetary union is only efficient or rather sustainable if either there is a certain degree of structural homogeneity, that is if there has been r…

The ECB's experience of monetary policy in a financially fragmented euro area

Abstract : This paper examines the various stages of the sovereign debt crisis of the euro area, the ensuing re-segmentation of several financial market segments and the disruptions in the transmission of monetary policy impulses. The paper provides the first systematic attempt to describe the European Central Bank's (ECB's) monetary policy during these 6 years of a mutating crisis. Its main co…

Willingness to work and religious beliefs in Europe

Purpose – The purpose of this paper is to analyse to what extent religious beliefs, understood as part of an individual’s cultural background, can explain an individual’s willingness to work. In particular the paper links individuals’ willingness to increase their working time with their religious denomination and their religious commitment. This relationship is studied in six Europe…

Body weight and labour market outcomes in Post-Soviet Russia

Purpose – The purpose of this paper is to focus on the impacts of overweight and obesity on the probability of employment, wages, and the incidence of sick-leave days by gender, in Russia, over the transition period, 1994-2005. Design/methodology/approach – The authors uses panel data and appropriate instrumental variables techniques to estimate a set of three models. Findings – The …

Theory appraisal in Islamic economic methodology: purposes and criteria

Purpose – This paper attempts to investigate the conceptual foundations of methodological inquiry in Islamic economics. The paper aims to develop criteria of acceptance and rejection of a theory and providing rationalizations and guidelines in the process of theory appraisal and evaluation. Design/methodology/approach – The literature on Islamic economics especially in the area of metho…

Environmental protection impossibilities

Purpose – The purpose of this paper is to discuss the mentality of humanity in present times, the structure of human life nowadays and tries to prove that under these it is impossible to solve the problem of getting humankind out of an environmental crisis. Design/methodology/approach – The paper investigates the ingredients of human life today, i.e. social political and economic aspect…

The great divorce: the freeing of markets from communities and from moral con…

Purpose – This paper aims to explain how economics severed itself from the moral constraint of community and from ethics. Design/methodology/approach – The paper utilizes respected economic histories (e.g. Tawney, Polanyi, Heilbroner) and analyzes central theoretical texts of modern capitalism (e.g. Adam Smith). Findings – This paper concludes that the divorce of economics from commun…

Pareto efficiency in individualistic vs. altruistic society

Purpose – This paper aims to compare Pareto optimality for altruistic and individualistic societies to show whether it is possible to have Pareto improvement through altruistic acts even after free market equilibrium. Design/methodology/approach – The paper follows conceptual, axiomatic and theoretical approaches to show Pareto efficiency in altruistic versus individualistic societies. …

Bioenergy prospects in Taiwan using set-aside land – an economic evaluation

Purpose – This study aims to explore Taiwan’s potential for bioenergy production using feedstocks grown on set-aside land and discusses the consequent effects on Taiwan’s energy security plus benefits and greenhouse gas (GHG) emission. Design/methodology/approach – The Modified Taiwan Agricultural Sector Model (Modified TASM), based on price endogenous mathematical programming, was …

Agricultural risks and risk management in the current context of Chinese economy

Purpose – The purpose of this paper is to provide a big picture of the current context of Chinese economy, the government policies on agriculture, and the role of agricultural risks and risk management against this background. Design/methodology/approach – The new Chinese economic challenges are laid out upfront. Relevant agricultural issues are then provided, with statistics; next, ris…

Regionalization and harmonization of higher education in Asia

Purpose – The purpose of this paper is to see if economic regionalization in Asia is a trend for the future, and if it heralds educational regionalization, thus uniting economic internationalization and education. Design/methodology/approach – This has been shown to be the case in the European Union where it is still a work in progress and may well be sliding backward, and it is certain…

Government performance auditing demand research based on the neo-institutiona…

Purpose – The purpose of this paper, based on the institution change theory, is to analyze the factors which influence the auditees’ demand for government performance auditing (GPA). Design/methodology/approach – This study acquired the data by survey. The author investigated the government officials and the state-owned enterprises and institutions’ senior managers from 28 provinces…

Chaotic dynamics and chaos control in differentiated Bertrand model with hete…

Purpose – The purpose of this paper is to investigate the chaotic dynamics behaviours and chaos control of differentiated Bertrand model. Design/methodology/approach – The paper analyzes a nonlinear differentiated Bertrand duopoly game by using the theory of bifurcations of dynamical system, where players have heterogeneous expectations and nonlinear cost function: two types of players …

Threshold effects and inflation persistence in South Africa

Purpose – The purpose of this paper is to evaluate threshold effects in the persistence of South African aggregate inflation data. Design/methodology/approach – The conventional approach for assessing the degree of persistence within an inflation process is via its integration properties. This study makes use of univariate threshold autoregressive (TAR) models and associated unit root t…

The role of defective mental models in generating the global financial crisis

Purpose – The purpose of this paper is to stress the role that several defective theories or views of the world played in generating the subprime financial crisis. Design/methodology/approach – This is done by describing these views, showing that they were widely held by relevant decision makers, and by analyzing the flaws in these views. A considerable amount of literature is surveyed …

Sudden stops and currency crises

Purpose – The purpose of this paper is to examine empirical characteristics of two commonly mentioned expressions of international financial crisis, “sudden stops” and currency crises. Design/methodology/approach – Sudden stop and currency crisis events are identified and empirical regularities among them are analyzed based on the annual data of 25 emerging market countries from 199…

Classifying international aspects of currency regimes

Purpose – There has been significant interest in the classification of exchange rate regimes in order to investigate a wide range of hypotheses. Studies of the effects of exchange rate regimes on crises and other aspects of economic performance can have important implications for policy choices. The paper provides a guide to the major new large data sets that classify exchange rate regimes…

Assessing the macroeconomic effects of fiscal policy in Colombia

Purpose – The purpose of this paper is to study the short-term macroeconomic effects of the fiscal policy in Colombia for the 1980-2007 period using a structural vector autoregression (SVAR) model. Design/methodology/approach – The authors’ benchmark is a five-variable SVAR model which includes government spending, output, tax revenues, inflation and short-term interest rates. In addi…