The marginalist and subjectivist revolution led by Carl Menger during the second half of nineteenth century turned Economics into a science. However, classical value theory did not completely fade away it has been trying continiously to replace subjetivist theory. most serious exhaustive attempt recover in its Ricardian version was one developed italian economist Piero Sraffa. This article seek...

the twin deficits (budget deficit and current account deficit) have been argued in the economic literature since 1980s. this is a period in which the studies about budget deficit and the current account deficit were significantly increased in the united states. in the economic literature, there are two hypothesis: keynesian hypothesis and ricardian equivalence. the keynesian proposition confirm...

We show that an ostensibly disparate set of stylized facts regarding firm pricing behavior can arise in a Ricardian model with Bertrand competition. Generalizing the Bernard, Eaton, Jenson, and Kortum (2003) model allows firms’ markups over marginal cost to fall under trade liberalization, but increase with FDI, matching empirical studies in international trade. We are able to mesh this dichoto...

Canzoneri, Cumby, and Diba have written a very good paper on the relationship between fiscal and monetary policy. It is informative, clear, and persuasive. As the title indicates, the analysis deals exclusively with the cases of the United States and the European Union (EU). In a way, however, these are the countries where the discussion on the connection between fiscal and monetary policy is l...

Purpose: The purpose of the study is to evaluate global climate change and its implication health.
 Methodology: adopted a desktop methodology. This used secondary data from which include review existing literature already published studies reports that was easily accessed through online journals libraries.
 Findings: concluded weather-related disasters related health effects, may cri...

Climate change effects on agricultural yields will be uneven over the world. A few countries, mostly in high latitudes, may experience gains, while most see average yield decrease. This paper aims to quantify role of market-mediated adjustments attenuating climate by allowing expression new climate-induced pattern comparative advantages within and between countries. To do this, we develop a qua...

The paper aims at the need for economic policy evaluators to assess how and whether specific measures can influence development of markets in a way that achieves greater wealth. Therefore, this study concentrates on well-documented firms’ heterogeneity significantly impact their ability compete, market structure, decide participate trade. For initial attributes features simulated model, we chos...