National Sovereign Economy, Global Market Economy, and Transnational Corporate Economy

Sovereign Risk and Macroeconomic Fluctuations in an Emerging Market Economy

This paper assesses the role of sovereign risk in explaining macroeconomic fluctuations in Turkey. We estimate two versions of a simple New Keynesian small open economy model on quarterly data for the period 1994Q3-2008Q2: A basic version and a version augmented by a default premium on government debt due to a perceived risk of sovereign debt default. Model comparisons clearly support the augme...

century rural market economy

Using a dataset of 1,700 ages at first marriage for Roman Catholics born in the Groningen Ommelanden (The Netherlands) during the period 1721-1800 explanatory variables for the specific age at marriage have been searched for. The 18 th and early 19 th century Groningen Ommelanden fitted perfectly into Hajnal’s Western European marriage pattern with very high ages at marriage and a high celibacy...

Global Fuel Economy Initiative

The critical distinction between the technical potential to improve fuel economy and how much of that technical potential is realized .. Summary The Global Fuel Economy Initiative was launched in early 2009. It set a target of improving the average fuel economy (in litre/100km terms) for the global vehicle light-duty vehicle fleet by at least 50% by 2050 (50by50). In terms of miles per gallon t...

Global Political Economy

This paper traces the development and structure of the global political economy. After first explaining why politics and economics and inextricably connected, the paper goes on detail how these processes have become global and what impact this is likely to have on states and markets. Introduction It has become something of a cliché to observe that we live in a time of increasing globalisation. ...

The Tertiary Economy: A Threat to the Global Economy