Steel market and particularly rod bar market play important roles in economy of countries. Economic systems are considered as complex systems which are sophisticated to be modeled mathematically. One way to model these systems is simulation and use of system dynamics. This paper models rod bar supply chain in Iran using system dynamics. Data of this research is gathered from first hand materi...

Privatization and market liberalization are widely considered to be complementary reforms in transition economies. This article challenges this view and the closely related " big bang " approach: when pursued too vigorously, privatization may impede the transition process following liberalization. Our result is based on an explicit model of market learning. Compared to a mature market, a market...

Contemporary economies of developing countries are changing due to rapid changes in the world economy. The emergence of international financial industry for worldwide network of transactions altered the role of international economy. Increased financial flows have altered the role of private capital and subsequently effect resource allocation. The economies of developing countries are witnessin...

This article aims to show that the Chinese development process over past four decades is not a self-explanatory fact. It may have revealed ultimate limitation of current capacities for interpretation represented by both orthodox and heterodox approaches. due two objective facts: 1) transformation “socialist market economy” into new socioeconomic formation (NSEF), has accelerated since financial...

Stress in financial markets influences economic agents’ behavior by creating uncertainty and changing the expectations. Critical financial stress can lead to financial crisis. Financial crises are among the events always present in the world economy. Iran is not an exception. This paper aims to study the impact of financial stresses on Iran’s per capita GDP. By using ARDL (Auto Regressive Distr...

Enabling Collective Action for Smallholder Market Access Discussions about poverty reduction inevitably include the need to increase small landholders’ ability to participate successfully in market exchanges. However, smallholders must be aware of new opportunities and challenges brought about by changes in the global agricultural economy. Prominent among these changes Enabling Collective Actio...

This paper analyzes the effects of financial market globalization on the crosscountry pattern of development in the world economy. To this end, it develops a dynamic macroeconomic model of imperfect credit markets, in which the domestic investment becomes borrowing-constrained at the lower stage of development. In the absence of the international financial market, the world economy converges to...