Turkey’s Economic Power Potential: Turkiye Wealth Fund Practice As an ‘Economic Diplomacy’ Instrument

Wealth Inequality, Wealth Constraints and Economic Performance

It is well known that if costlessly enforceable contracts regulate all of the actions of economic actors that a ect the well being of others, competitive equilibria are Pareto e cient regardless of the distribution of wealth. However where actions such as risk taking and hard work are not subject to such contracts, the assignment of residual claimancy over income streams and control over assets...

Tourism as an Economic Develpment Tool

Economic shocks, wealth and welfare

The immediate effects of the Asian crisis on the well-being of Indonesians are examined using the Indonesia Family Life Survey, an on-going longitudinal household survey. There is tremendous diversity in the effect of the shock: for some households, it was devastating; for others it brought new opportunities. A wide array of mechanisms were adopted in response to the crisis. Households combined...

The Basilicata Wealth Fund: resource policy and long-run economic development in Southern Italy

This paper contributes to the growing political economy literature of within-country natural resources management, by proposing a new resource policy for the oil-rich southern Italian region of Basilicata. The policy proposal is to establish a (regional) wealth fund in which all the royalty revenues from non-renewable natural resource exploitation in Basilicata would be stored and fully convert...

Economic Aspect of Fuel Cell Power as Distributed Generation

This paper presents an energy management strategy to supply residential load by hybrid fuel cell power plant (FCPP). Economical fuel cell (FC) model includes thermal load, local electrical load, operational cost, startup cost and different tariffs on electricity during the day hour is discussed.  Several Strategies have been presented for supplying residential load (electrical and thermal loads...