We study an open economy where a pro labor and a pro business candidate compete in an election. The winner chooses taxes, which affect investment returns. Electoral outcomes depend on the size of the foreign debt, but the debt itself reflects expectations about the election. The resulting interaction is novel and has several implications. Elections are associated with increased volatility. Poli...

One of the disputed consequences of global economic integration is the possible effect that foreign economic liberalization exerts on social cohesion. Proponents of commercial liberalism see stabilization as an indirect consequence of growing economic interdependence, while globalization critics are much more skeptical. They expect, at least during the liberalization process, destabilizing effe...

We study a simple model of the world economy where the engine of growth is the flows of ideas. Ideas are assumed to diffuse randomly across pair of goods, where the processes used in the production of the lower cost good is adopted. We assume that producers in a country can learn from all sellers of goods to this country. We analyze how trade in goods, and impediments to it, affect this diffusi...

With the acceleration of economic globalization and financial market integration, there has been a gradual increase in amount international capital considerable global movement flow. Due to its inherent uncertainty, immense flows, complex structure, flows have an enormous impact on trade, finance flowing, development for countries all over world. This paper aims provide full overview flow, focu...

In low-collisionality plasmas, anisotropic heat conduction due to a magnetic field leads to buoyancy instabilities for any nonzero temperature gradient. We study analogous instabilities in degenerate collisional plasmas, i.e., when the electron collision frequency is large compared to the electron cyclotron frequency. Although heat conduction is nearly isotropic in this limit, the small residua...

The paper presents an index of globalization covering its three main dimensions: economic integration, social integration, and political integration. Using panel data for 123 countries in 1970-2000 it is analyzed empirically whether the overall index of globalization as well as sub-indexes constructed to measure the single dimensions affect economic growth. The results show that globalization p...

Abstract Thermospheric waves occurring around the time of the 14 July 2000 solar flare were investigated using the Global Ionosphere and Thermosphere Model. The simulation results showed that extensive acoustic and gravity waves were excited by the solar flare in the subsolar region. The subsolar buoyancy period at 400 km altitude was approximately 16 min. Gravity waves with frequencies lower t...

This paper uses both world-wide and country-level analysis to describe the relationship between air transportation and economic activity. In particular, we describe how economic, infrastructural, institutional and geographic factors affect the mapping of cargo and passenger flows to the enabled flows of labor, knowledge, investment, remittances, tourism and goods. We also identify the role of g...

The telecoupling framework is an integrated concept that emphasises socioeconomic and environmental interactions between distant places. Viewed through the lens of the telecoupling framework, land use and food consumption are linked across local to global scales by decision-making agents and trade flows. Quantitatively modelling the dynamics of telecoupled systems like this could be achieved us...