It is expected that global oil prices will increase in the future. Assessing the overall economic impacts on tourism is difficult, as oil price rises will be concomitant with global changes in other commodity prices, exchange rates, and incomes. A general equilibrium perspective is therefore presented in this paper. The model couples a global general equilibriummodel with a purpose-built CGEmod...

This article employs cointegration and error-correction modelling to test the causal relationship between real income, exports and human capital stock using data for China over the period 1960 to 1999. We find that real exports, human capital and real income are cointegrated when real exports is the dependent variable, but are not cointegrated when human capital or real income are the dependent...

At the end of 2003, national and local newspapers carried stories of worsening economic conditions for Americans. For the second year in a row, household income fell and the poverty rate rose. Midwesterners and people of color were particularly hard hit. Minnesotans, however, escaped the worsening economic situation. In Minnesota, median income and the poverty rate remained level. In 2002, medi...

Abstract – This paper presents a multiresolution-economic model which mediates data uncertainty by providing levels of discernment for decision making. Standard monetary and fiscal policy models use national income and national output as input variables, perform a stability analysis by balancing the equations, and assess the interest rate of the economy. These models typically assume that data ...

this paper analyzes the reaction of the 9th government with workers and capitalists using game theory. the type of game between three players is static with perfect information. strategy of the players is determined through the use of hierarchical processes and network analysis method. the equilibrium between these three players is the nash type of equilibrium. in the hierarchical and network a...

this paper discusses the study of community’s preferences for biodiversity conservation management institution which may motivate them to support conservation efforts in the okwangwo division of the cross river national park, nigeria. the empirical data was generated from personal interviews and factors influencing the respondents’ choice were examined with the aid of multinomial logit mode...

In this article, real exchange rate behavior and its effects on macroeconomic variables are studied by explaining two models; impulse function and forecasting predicted error decomposition. Studies show that high artificial currency value has caused domestic and foreign accounts equilibrium disturbance and foreign income decrease due to the slackening of commercial and agricultural activities, ...

The current era is characterized by simultaneous increase in many countries’ income inequalities and a decline in global inequality. People’s perception of inequality is shown to depend on how much they value absolute income vs. their national income position.

Modern national income accounting was designed in the early 20th century for the purpose of providing improved indicators about the performance of the economy so that government policy makers could better control the economy. The way that performance is measured affects the types of policies used to try to accomplish policy goals. Two attributes of national income accounting are analyzed for th...