The present study is the second is a series of three papers devoted to issues in the measurement of productivity and productivity growth. The contributions of the present paper are three. First, it introduces a new approach to measuring industrial productivity based on income-side data that are published by the Bureau of Economic Analysis (BEA). The data are internally consistent in that both i...

Global economy has formed a huge challenge to the trust of traditional business. It’s a important problem of all enterprise how to build a effective trust institution in the new economy. The rapid development of E-business is bringing a turning point of trust institution. In traditional trust institution, trust means that principal controls the agent in fact. The evolution of trust institution ...

Not long ago, everyone was talking about the New Economy. Recent events — notably the global economic slowdown and a possible impending war — have crowded out discussions of the New Economy. To be sure, some of the rosy scenarios portrayed at the time — most notably, that the New Economy portended the end of the business cycle — seem curiously dated. Indeed, in terms of the gap between the econ...

This work proposes LEASE, a novel Mobile-P2P lease-based economic incentive model, in which data requestors need to pay the price (in virtual currency) of their requested data items to data-providers. In LEASE, data-providing mobile peers lease data items to other mobile peers in lieu of a lease payment. The main contributions of LEASE are three-fold. First, its lease model entices even those u...

This paper outlines an ongoing research project on training, education and sharing of experiences among mobile people, also referred to as nomads. The importance for professionals to continuously learn is widely recognized. Organizations in the new economy are dependent on organizational knowledge and competence. Mobile workers need alternative educational and knowledge development opportunitie...

Despite great progress made in the theory of agglomeration in recent years, a number of gaps remain in our ability to understand why cities continue to have such attractive power in the new economy. Many of the most recent theories of agglomeration attempt to understand cities or clusters as loci of knowledge development and exchange, critical to higher levels of innovation and growth. Yet they...

Since the reform and opening up, the growth mode of China’s economy has essentially featured a heavy reliance on investment and exports and intense input of low-cost resources and factors. Such a mode was reasonable to some extent when China lagged behind in economic development and its economic aggregate accounted for a relatively small proportion of the world economy. With China’s continuous ...

Health is a very essential component of human development because healthy workers are more productive. Using the conventional growth accounting method the study first estimates the aggregate TFP growth for the Indian economy. It examines the impact of health on TFP growth for the Indian economy. It has been observed that TFP growth in India has been fluctuating in nature. Granger Causality test...

Sustainability in agriculture has two dimensions: a. Natural Resource Sustainability b. Socioeconomic Sustainability Natural Resource Sustainability is based on the stability of the ecology of agricultural ecosystems based on interactions between soil, water and biodiversity. This Sustainability measures the wealth of' nature's economy' and the foundation of all other economies. Nature's econom...

The Continuous Double Auction (CDA) is the dominant market institution for real-world trading of equities, commodities, derivatives, etc. We describe a series of laboratory experiments that, for the first time, allow human subjects to interact with software bidding agents in a CDA. Our bidding agents use strategies based on extensions of the Gjerstad-Dickhaut and Zero-Intelligence-Plus algorith...