This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting traits generated an evolution...

Traditional engineering educational system was compared with the e-learning engineering educational system on the economic dimension using hypothesis testing approach. The comparison involved trend analysis and prediction based on costs and benefits of the two systems. Interestingly, the analysis revealed that the traditional system had greater advantage on the economic dimension. Several facto...

Over the last 15 to 20 years, cluster analysis has emerged as a new way of looking at economic development, integrating regional differences in development and economic specialization (Porter 1990, 2003; Sweeney and Feser 1998; Feser 2004, Cortright 2006). An increasing number of states and regions in the United States and overseas have modified their economic development strategies to focus an...

The increased global exchange of merchandise, services, and capital is a key characteristic of the contemporary business environment. International firms position themselves to gain competitive advantage from opportunities offered in this larger and more open economic system. Similarly, governments reap rewards from firms that establish operations within their borders. There are strong argument...

abstract comparative advantage is one of the important economic criterions in production, import and export programming. in this survey, existence and nonexistence of the most important vegetables(potato, cucumber and tomato) comparative advantage in jiroft aria in the year 1385-86 by use of two comparative advantage recognition indexes was determined. the first indexes were social cost benefit...

[1] The potential and limitations of conjunctive use of surface and groundwater are explored for southern California’s water supply system. An economic-engineering network flow optimization model, CALVIN, is used to analyze the economic and reliability benefits from different conjunctive use alternatives. Flexible management of additional conjunctive use facilities and groundwater storage capac...

The paper discusses economic policy of Georgia aiming to increase national competitiveness as well as the tools and means which will help to improve the competitiveness of the country. The sectors of the economy, in which the country can achieve the competitive advantage, are studied. It is noted that the country’s economic policy plays an important role in obtaining and maintaining the competi...

This paper studies the development possibilities of the energy systems of four Central Asia and Caspian countries. It explores options that improve their domestic energy efficiencies and increase their export of fossil energy commodities. Using the MARKAL-TIMES modelling tool, it represents their energy system with a bottom-up partial economic equilibrium growth model. With the help of scenario...