Using the example of smallholder oil palm production in Papua New Guinea the paper illustrates how elements of a market economy and modernity become enmeshed and partly transformed by local place-based nonmarket practices. The persistence, even efflorescence, of indigenous gift exchange in tandem with greater participation in the market economy challenges conventional notions regarding the stru...

Pull factors provide a measure of retail trade capture. Pull factors for total and twelve subcategories of retail sales for all West Virginia Counties are analyzed based on 1997 Census of Retail Trade data. A method for estimating missing data points and the use of Rand-McNally trade regions both facilitate estimation of the pull factors. Results indicate that hypothesizes concerning pull facto...

The concept of economic self-reliance, widely known by Thai people as the philosophy of sufficiency economy, has been widely promoted in rural Thai societies. By practicing this philosophy, it is expected that the citizens’ quality of life and local environments could be sustainably improved. This study aims to explore the contribution of the community practices of the sufficiency economy philo...

R ecent developments in open-economy macroeconomics have progressed under the paradigm of nominal price rigidities, where monetary disturbances are the main source of fluctuations. Following developments in closed-economy models, new open-economy models have combined price rigidities and market imperfections in a fully microfounded intertemporal general equilibrium setup. This framework has bee...

In the context of sustainable consumption buying local produce could support environmentally friendly production from the local economy. Our study estimates the preference weights that local consumers assign to some milk attributes including local origin and the influence on choice of a local brand of milk, which is traded by a local cooperative of producers in Umbria (Italy). Several preferenc...

We consider a discrete-time two-sector CES economy with sector specific external effects and partial depreciation of capital. We show that the occurrence of local indeterminacy of equilibria depends on an interplay between factor substitutability and capital depreciation. When the elasticity of substitution is less than one, local indeterminacy may occur with low depreciation of capital. When t...

The use of FDI as a channel of international spillovers is by now fairly established in the empirical literature on innovation and growth. It is often argued that subsidiaries of foreign MNEs are a mechanism through which technological know-how flows across borders. For foreign subsidiaries to be channels of international spillovers, these subsidiaries need to source know-how internationally an...

the underground economy has long been of interest to economists and has devoted extensive studies to itself in economic literature. through fuzzy logic approach in present research, we estimated the size of underground economy of iran over the period of 1978-2010. for this purpose and according to theoretical bases and previous studies, variables such as gdp per capita, ratio of direct taxes to...

Based on a literature review on territorial development and urban and regional growth, this paper argues that, among the many factors that may influence the development of small and medium-sized towns (SMSTs), geography and institutions count. Following an introduction, section 2 shows that geographic factors exert an influence on the economic development of SMSTs, by the importance of connecti...