Theory suggests that economic freedom—measured by the Economic Freedom of the World Index (EFW) -may increase or decrease economic volatility. Similar to previous literature, we empirically test the relationship between economic freedom and economic volatility, but we differ from the literature in how we account for (1) changes in EFW, and (2) the nonlinear relationship between freedom and vola...

Background: In order to achieve development, there is a need to pay attention to corruption, violence and poverty of nations, which stems from the lack of economic ethics and business environment ethics. Fundamental elimination of corruption, violence and poverty of nations in line with the practical motivations of economic development will not be possible except with the growing link between e...

The paper considers the forecasting of the Warsaw Stock Exchange price index WIG20 by applying a state space wavelet network model of the index price. The approach can be applied to the development of tools for predicting changes of other economic indicators, especially stock exchange indices. The paper presents a general state space wavelet network model and the underlying principles. The mode...

this paper aims to study the relationship between intellectual property and patent and economic growth in islamic countries for the period of 1990 – 2010. this theoretical basis of the model is constructed on economic growth models in 1990s. the technique which we employed is the index of patents to measure the impact on economic growth. to analysis this relationship we use “pedroni cointegrati...