Before addressing the question of lessons of development, we must make clear at the outset the sense in which the term is used. Economic development, as distinct from mere economic growth, combines: (1) self-sustaining growth; (2) structural change in patterns of production; (3) technological upgrading; (4) social, political and institutional modernization; and (5) widespread improvement in the...

In October 2008, Iceland experienced the fastest and deepest financial crisis recorded in modern times when all three major banks went bankrupt in less than 2 weeks. The purpose of this follow-up study is to examine potential changes in participation in 12 different gambling types and in problem gambling before (time 1; year 2007) and after (time 2; year 2011) the economic collapse in 2008. The...

Nacrtak In this study, the economic and energy balances of forest biomass utilization for small-scale power generation are discussed, considering the spatial distribution of the forest biomass resources using the geographic information system (GIS) in the Kanuma area of Tochigi Prefecture, Japan. First, the optimum scales of two power-generation plants are discussed. For a direct combustion pow...

Economic evaluation of 12 MW grid-connected wind farms and PV power plants in two regions in Northern Cyprus for electricity generation was investigated. The wind speed, sunshine duration, and solar global radiation characteristics were analyzed using monthly data collected over 17 years (2000-2016) for Girne and nine years (2008-2016) for Lefkoşa, which were measured at various heights. The re...

The “traditional” way of designing constellations of communications satellites in low Earth orbit is to optimize the design for a specified global capacity. This approach is based on a forecast of the expected number of users and their activity level, both of which are highly uncertain. This can lead to economic failure if the actual demand is significantly smaller than the one predicted. This ...

Biomass, as a renewable source of energy, can be used in many industries to reduce their dependence on fossil fuels. However, due to the significantly high and varied moisture content of biomass, its use has several drawbacks, such as low total efficiency and process instability. Drying biomass before combustion or gasification can eliminate these drawbacks. Besides these benefits, there ar...

Introducing distributed generation into a power system can lead to numerous benefits including technical, economic, environmental, etc. To attain these benefits, distributed generators with proper rating should be installed at suitable locations. Given the similar effects of distributed generators and capacitor banks on operation indices of a distribution system, simultaneous assignment of best...

The “traditional” way of designing constellations of communications satellites is to optimize the design for a specified global capacity. This approach is based on a forecast of the expected number of users and their activity level, both of which are highly uncertain. This can lead to economic failure if the actual demand is significantly smaller than the one predicted. This paper presents an a...