This paper investigates the impact of economic growth and more specifically robust economic growth along with other macroeconomic determinants on poverty levels using both the U.S. official measure of poverty and an estimated time series of Sen indices of poverty. The results reveal that the period of robust economic expansion that the U.S. economy experienced during the 1990s did not have a si...

Locating an economic facility, warehouse, plant, retail store, etc., is one of the most important questions that a business company faces. In this paper we consider a normative model for a certain class of relocation processes. That is, when one location structure is gradually substituted by another one. This happens in response to external factors such as appearance of competitors or change of...

Contemporary economies are strongly reliant on energy and analyzing the determining factors that trigger the changes in energy paradigm and their impact upon economic growth is a topical research subject. Our contention is that energy paradigm plays a major role in achieving the sustainable development of contemporary economies. In order to prove this the panel data methodology of research was ...

Cities regularly face a wide range of economic development choices that inevitably create both winners and losers within their communities. Proper assessment of the impacts of such choices requires not only an appropriate modelling framework but also explicit understanding and incorporation of a city’s income distribution priorities. This paper proposes that a computable general equilibrium (CG...

We take advantage of our knowledge of the neural circuitry of reward to investigate a puzzling economic phenomenon: Why do people overbid in auctions? Using functional magnetic resonance imaging (fMRI), we observed that the social competition inherent in an auction results in a more pronounced blood oxygen level-dependent (BOLD) response to loss in the striatum, with greater overbidding correla...

Sustainability has been assessed by measuring the environmental, social and economic performance. Such diverse measurements could include contrasting attributes in sustainability measures namely environmental, social, and economic attributes. Our research argues that it is necessary to use a multidimensional approach for sustainability knowledge improvements that consist of all sustainability d...

Environmental impact assessment (EIA) is an intrinsically complex multi-dimensional process, involving multiple criteria and multiple actors. Multi-criteria methods can serve as useful decision aids for carrying out the EIA. This paper proposes the use of a multi-criteria technique, namely the analytic hierarchy process (AHP), for the purpose. AHP has the flexibility to combine quantitative and...

China stock market has been making great contributions to China’s economy since established. In this paper, a VAR model, with stock market factors and economic growth factors involved, is established to study the relation between China stock market and economic growth. The result indicates that a one-way Granger causality exists between the development scale of stock market and the animation of...

Risk is a ubiquitous feature of the environment for all organisms. Very few things in life are achieved with absolute certainty. Therefore, it is essential that organisms process risky information efficiently to promote adaptive behaviour and enhance survival. Here we outline a clear definition of economic risk derived from economic theory and focus on two experiments in which we have shown sub...

Studies investigating fertility decline in developing countries often adopt measures of determinants of fertility behavior developed based on observations from developed countries, without adapting them to the realities of the study setting. As a result, their findings are usually invalid, anomalous or statistically non-significant. This commentary draws on the research article by Moeeni and co...