This paper re-examines the conditions for the existence of local stationary sunspot equilibria (SSE) in the standard OLG model from a broader perspective than before. We say that local SSE exist around a steady state of a given OLG economy if, in any arbitrarily small neighborhood of the steady state, we can find a SSE of a “nearby” economy. We show that when the domain where “nearby” economies...

This study designed to give us a better understanding of the experiences and mechanism of the Government intervention in tourism industry development in Iran. This study is mainly focused on the government relations With local community According to their acceptance or disagreement with tourism development project in their region. Having used Phenomenology Strategy in order to understand the ex...

The research proposes to model the way households and their assets move back and forth between the informal rural economy and the formal economy, particularly financial equity, entrepreneurs and workers. Several hypotheses are tested to establish understanding about the functions of the informal economy in the co-evolution of rural and urban economies. This work should lead to strategic options...

This paper discusses the impacts of proposed development projects at Emu Park—a coastal town in Queensland, Australia—on regional economy. The input–output (IO) analysis is used to assess the economic benefits to the region. The economic impacts from the construction stage are identified. The ongoing benefits from the projects to the regional economy due to a potential increase in tourists’ vis...

BACKGROUND Pay-for-performance is an increasingly popular approach to improving health care quality, and the US government will soon implement pay-for-performance in hospitals nationwide. Yet hospital capacity to perform (and improve performance) likely depends on local resources. In this study, we quantify the association between hospital performance and local economic and human resources, and...

This paper is a reply to Barry Ickes' critique of my paper “Trust versus Illusion: What is Driving Demonetization in Russia?” in which I show that the data reject Barry Ickes' Virtual Economy explanation of barter in Russia in favor of an institutional explanation based on the lack of trust. JEL Classification: D20, G30, O10, P30