This research attempts to examine the links between fluctuating oil prices, economic sanctions and the employment in the Libyan economy. In particular, this study attempts to answer the basic question whether UN’s resolutions number 748 (1992) of 31 March 1992 and oil price fluctuations have any significant influence on the employment in Libya. One of this study’s key findings is that fluctuati...

We present a model of dynamic investment and production when producers may have biased beliefs in which they overextrapolate recent demand conditions into the future. We point out that in a volatile industry, while biased beliefs lead firms to make sub-optimal investment decisions in the short-run, they can be beneficial in the long-run by counteracting the general trend in the industry, “cushi...

There are several researches that deal with the behavior of SEs and their relationships with different economical factors. These range from papers dealing with this subject through econometrical procedures to statistical methods known as copula. This article considers the impact of oil and gold price on Tehran Stock Exchange market (TSE). Oil and gold are two factors that are essential for the ...

The article summarizes the essence and content of a state knowledge-based economy. Actual problems of the knowledge-based economy in the Russian Federation have been considered; the emphasis here is on the innovative component of this complex multi-component economic process. The authors analyze the main challenges of the knowledge-based economy in Russia and offer a transition from a resource-...

Abstract   his study employs a structural vector autoregression (SVAR) model to investigate the macroeconomic shocks on Malaysian tourism industry, especially how the economy dynamically responds to oil price shocks, exchange rates, changes in price level, exports, economic growth and tourism income during the study time period from January 2001 to December 2012. The results indicate that oil...