60853 research outputs found
Sort by
Cryptocurrency Technology and The International Monetary System
Get PDFThroughout the millennial history of money, various payment instruments have been developed: some designed to facilitate economic transactions and others to preserve accumulated wealth, adapting in each historical period to the conditions and capabilities of the society of their time. In this context, the maturity achieved by the cryptocurrency industry over the last five years, especially in areas such as
blockchain, oracle networks, self-custody, multi-chain environments, and decentralized applications —DApps—combined with today's colossal data processing capacity, opens up the possibility of applying these 21st-century
technologies to the construction of a new international monetary system. This article explains how to use these telematic tools to achieve this, as well as their implications in the financial and economic arena, including enhanced financial stability and the recognition of the Fundamental Right of People to Safeguard the Wealth
Disaggregated inflation rates: Some preliminary economic analysis for Greece
Get PDFThe aim of the current study is to assess the households’ inflation inequality in Greece not only across different income groups but also across other households’ social and economics characteristics, such as, occupational status and household composition, among others, for a more recent period, which is that of 2009 – 2022. The picture that emerges from our results is that there are important inflation differences across different categories of households. More specifically, we find that the main discrepancies are evident at the different household income categories with the poorer household experiencing significant higher inflation. Other factors that lead to inflation gap across households include the size of the household, the profession of the lead member of the household, as well as, the composition of the household. Policy implications of these results are also discussed
New Production Function (which is Supported by Empirical Evidences) for an Economy with Deployed Self-Learning Technologies
Get PDFThe purpose of this paper is to introduce a new production function that takes into account self-learning AI, which can improve itself and therefore productivity without any additional human capital or labor, even though it still requires physical capital. The difference between my production function and any other existing production function is that my production function separates technologies into self-learning and non-self-learning technologies. The value of exponent for the self-learning technologies depends on the value of its base and this is the unique recursive feature of my production function. Unlike in the Mankiw-Romer-Weil production function, in my production function, technology and labor force are separated and this is allowed because I make the technology endogenous. My production function leads to only two possibilities, which are an economy that is in balanced growth path (BGP), and an economy that is in accelerating growth path. The determining factor that decides whether an economy is in BGP or not is the exponent for the self-learning technologies in my production function. If the sum of all exponents is less or equal to 1, then the economy is in BGP, which is consistent with Mankiw-Romer-Weil (1992). If the sum of all exponents is greater than 1, then the economy is in accelerating growth path, which is consistent with Romer (1986). There is no steady state in my production function. I also rule out the possibility of singularity. I support my production function with empirical evidences that confirm that my production function is quite accurate and quite useful for cross-countries comparison. Furthermore, I conduct simulations that show how the U.S economy will transition from balanced growth path to accelerating growth path
Tourism as Coloniality: Legal Infrastructures of Exploitation in Barbados
No full textThis article explores the relationship between tourism development and the colonial legal inheritance of Barbados. While tourism is routinely framed as the island’s post-independence success story, the statutory regime that governs it tells a more complicated tale. Drawing on a critical legal-historical approach, the paper traces how legislation—from the Hotel Aids Act of 1956 to the Tourism Development Act of 2002 and the long-standing Land Acquisition Act—preserves the priorities and hierarchies of the plantation economy. These laws extend advantages to foreign investors, facilitate land dispossession and entrench patterns of dependency that echo earlier forms of colonial rule. By situating these statutes within broader debates on the “coloniality of law”, the analysis shows how political independence left intact a legal imagination more attuned to property, order and external capital than to equity or community empowerment. The article concludes by outlining elements of a decolonial legal strategy that centres collective rights, environmental stewardship and democratic participation in the design of future tourism policy
Youth Unemployment and Resilience in Eastern Sudan: Challenges, Opportunities and Pathways amid Crisis
No full textThis study investigates youth unemployment in Eastern Sudan using primary data from 385 respondents aged 15–24, alongside secondary data from the 2022 Sudan Labor Market Panel Survey (SLMPS), with particular focus on the repercussions of the April 15, 2023 war. The analysis indicates that the post-war unemployment reached 75.32%, with 83.1% of respondents experiencing long-term joblessness — a sharp rise from the pre-war rate of 24.66% recorded in the SLMPS. Major contributing factors include a 46.33% job loss rate, a 44.26% decline in employability, and a 26.56% shift toward informal work. The socioeconomic consequences are severe, encompassing educational disruptions (80.8%), housing loss (28.1%), food shortages (26.2%), health problems (22.9%), and psychological trauma (14.0%), all of which heighten vulnerability. Logistic regression results indicate that age, gender, and urban residency significantly influence unemployment, while internet access reduces the likelihood of joblessness by 14.0%. Resilience analysis reveals that 47.53% of youth exhibit no coping capacity, while only 27.01% demonstrate high resilience through entrepreneurial or multifaceted strategies. Urban residents and internally displaced persons display relatively stronger adaptive capacity—driven by access to networks, informal markets, and digital tools—whereas refugees and rural youth remain most fragile. Policy recommendations emphasize stimulating labor demand through local investment, expanding digital literacy, promoting gender-inclusive education, and integrating resilience-building interventions to foster youth adaptability and sustainable recovery in Eastern Sudan
Les facteurs explicatifs de l’achat de vêtements et d’accessoires de seconde main sur les plateformes en ligne
No full textThis study analyzes the determinants of purchasing second-hand clothing and accessories on online platforms. A qualitative analysis was conducted with 33 participants through semi-structured interviews to understand their behaviors and shopping experiences. The data were processed using a triangulation method, combining a manual thematic analysis of the interviews and a lexical analysis assisted by the Sphinx iQ3 software, in order to strengthen the reliability of the results. The findings show that these purchases are associated with economic, ecological, hedonic, and uniqueness values, and highlight the role of informative and descriptive visual content on the platforms, which facilitates the evaluation of items and enhances the shopping experience through detailed content that allows consumers to better understand the condition and specific features of the products. This practice promotes resource reuse and fits fully within a circular economy and responsible consumption approach
Agglomeration in purely neoclassical and symmetric economies
No full textThis article demonstrates the emergence of agglomeration unaccompanied by conventional drivers such as scale economies, externalities or comparative advantages. We construct a two-region general equilibrium model with four types of households; there are four commodities and the same linear production functions in each region. Households migrate in search of commodities they lack in their endowment. A type sorts disassortatively toward another type who holds such commodities, resulting in intense agglomerations of diverse types. In contrast, a type sorts assortatively away from another type when they compete for endowments that cannot be transported or produced, resulting in moderate agglomerations dominated by selected types. We identify type complementarity and endowment portability as the primary causative factors behind spatial sorting and the resultant equilibrium agglomeration
Георги Петров и моделът на пазарното социалистическо стопанство в България
No full textThe article presents the Bulgarian economist Georgi Petrov and his importance for the political economy of socialism. The debates surrounding the economic reform in Bulgaria in the 1960s. A general view of Georgi Petrov's creative project and its logic. The basis of prices – not value and cost price, but production prices (production prices). Theoretical problems of the planned economy and property. Planning, economic levers and economic growth. Summary notes. Bibliography
Cryptocurrency Regulation and Financial Disclosure: Cross-Jurisdictional Evidence on Corporate Reporting Practices
No full textThis study explores how cryptocurrency regulation influences corporate financial reporting across multiple jurisdictions from 2016 to 2022, examining how differing laws alter managerial incentives and assurance processes. Disclosure behaviour in strictly regulated and moderately regulated settings is compared with evidence from 20 firms operating in 10 countries. Ordinary least squares regression and thematic coding provide convergent evidence. OLS regression controls for jurisdictional grouping and sectoral variation are applied. The analysis finds that tougher regimes are associated with greater transparency, more consistent cryptocurrency valuation, and richer risk disclosure. These benefits are most pronounced where proactive regulators exercise strong public financial oversight. Conversely, firms operating under vague or lax regimes exhibit fragmented disclosure and limited comparability. The inquiry also highlights systemic shortcomings, including inconsistent accounting classification of cryptocurrency, the absence of a single impairment rule, and a lack of unified reporting norms. Such deficiencies hinder investors, regulators, and auditors in assessing financial positions and risk exposure. Stakeholder theory highlights accountability pressures, legitimacy theory explains symbolic responses, and systems theory situates disclosure within broader institutional ecosystems, showing how regulatory contexts shape organisational strategy and reporting conventions. The research concludes by urging international harmonisation of accounting standards and sector-specific disclosure guidance to secure transparency and comparability within the expanding digital asset economy. This implies that policymakers should prioritize regulatory clarity to improve global disclosure comparability
Георги Петров и моделът на пазарното социалистическо стопанство в България
Get PDFThe article presents the Bulgarian economist Georgi Petrov and his importance for the political economy of socialism. The debates surrounding the economic reform in Bulgaria in the 1960s. A general view of Georgi Petrov's creative project and its logic. The basis of prices – not value and cost price, but production prices (production prices). Theoretical problems of the planned economy and property. Planning, economic levers and economic growth. Summary notes. Bibliography