abstract water is a vital resource for every biological and human phenomena. nowadays, water management and conservation has a great importance not only in developing countries, but also in developed countries. in traditional economics, water is not taken into consideration as a factor of production in the national accounts. nevertheless in reality, water is the primary input of many goods and ...

this paper estimates the effects of increase in iran’s non-oil exports on its economic growth as well as sectoral outputs, using a single country, comparative static, exogenous policy computable general equilibrium (cge) model. the paper also investigates the share of tradable sectors in reaching to the targeted growth rate (8%) in 5th socio-economic development plan. for this purpose, the para...

This paper analyses the general equilibrium implications of reforming pay-as-you-go pension systems in an economy with heterogeneous agents, human capital investment and capital-skill complementarity. It shows that increasing funding delivers in the long run higher physical and human capital and therefore higher output, but also higher wage and income inequality. The latter affects preferences ...

This paper studies the effects of information exchange and social networks on the performance of prediction markets with endogenous information acquisition. We provide a game-theoretic framework to resolve the question: Can social networks and information exchange promote the forecast efficiency in prediction markets? Our study shows that the use of social networks could be detrimental to forec...

The enlightenment was a philosophical project to construct a rational society without the need for a supreme being . It opened the way for the creation of market democracy and rapid economic growth. At the same time economic growth is the underlying cause of climate change, and we have become aware that this may destroy our civilization. The principal underpinning of the enlightenment project i...