Economics and Finance

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Recent submissions

Any replacements are listed farther down

[232] viXra:1809.0103 [pdf] submitted on 2018-09-06 02:12:45

Wireless Internet Security and How to Solve Collective Action Problem (Or the Social Innovation Way to Solve Collective Action Problem)

Authors: Victor Christianto, Florentin Smarandache
Comments: 8 Pages. This paper has been submitted to a book chapter. Comments are welcome

In this paper, we tried to draw a fair assessment on things which will take place soon with the coming era of IoT, 5G technology, global eavesdropping and all that. Nonetheless, we are aware that this article sounds quite gloomy. We are not techno-utopians (read Evgeny Morozov’s WSJ article on digital dictatorship1), but we are not techno-pessimists either. Perhaps you can consider us as: "techno-realists."2 This paper was written in the same spirit of Jonathan L. Zittrain’s book The Future of Internet and how to stop it.
Category: Economics and Finance

[231] viXra:1808.0551 [pdf] submitted on 2018-08-24 23:23:12

Deriving the Laffer Curve using the Concept of the Excess Burden of Taxation

Authors: Tim Walshaw
Comments: 20 Pages.

The Laffer Curve formula is derived from the concept of Excess Burden using a single parameter obtained from the theoretical relationship between the average Excess Burden ratio and the square of the average Tax Ratio. This is followed by a demonstration, using a chosen figure of excess burden, showing how to estimate the values of a Laffer Curve.
Category: Economics and Finance

[230] viXra:1808.0091 [pdf] submitted on 2018-08-07 14:30:45

Review of Studies on Urban Post Earthquake Fires

Authors: Emily Jones
Comments: 10 Pages.

Earthquake secondary fire is the most likely to occur, the most devastating earthquake secondary disaster. After analyzing the characteristics of the secondary fires after fire, spreading and post-earthquake fire fighting, three key topics of research on secondary fires in earthquake are put forward: fire after fire, spread of fire and fire suppression after earthquakes. In response to these three topics, a comprehensive introduction and in-depth comments on the relevant research at home and abroad. Through the comments, the shortcomings, difficulties, key points and train of thought in the research of secondary fire in earthquake are put forward for further research.
Category: Economics and Finance

[229] viXra:1808.0086 [pdf] submitted on 2018-08-07 19:10:38

Rocket Fuel, Fertilizer, and Fracking

Authors: Salvatore Gerard Micheal
Comments: 3 Pages.

sustainable vs unsustainable concepts are addressed
Category: Economics and Finance

[228] viXra:1808.0060 [pdf] submitted on 2018-08-05 23:58:39

America Needs to Support Wales

Authors: Salvatore Gerard Micheal
Comments: 1 Page.

ebay sells many Chinese products; the premier shipper for Chinese products on ebay is Speedpak Limited owned by Speedpak Group founded by Northside Partnership funded by the Irish government
Category: Economics and Finance

[227] viXra:1808.0056 [pdf] submitted on 2018-08-04 07:58:08

American Sovereignty in Customer Service and Quality

Authors: Salvatore Gerard Micheal
Comments: 2 Pages.

the most important article I have EVER written for Americans about America
Category: Economics and Finance

[226] viXra:1807.0332 [pdf] submitted on 2018-07-20 05:58:48

Prospects for Digital Audio Broadcasting in South Africa

Authors: Bronwyn E Howell, Petrus H Potgieter
Comments: 6 Pages.

The authors submitted a comment to the Independent Communications Authority of South Africa (ICASA) in response to the call for comment in the Discussion Document on Digital Sound Broadcasting (DSB) that appeared in South Africa’s Government Gazette No. 41534 of 29 March 2018. Consequently, the second author made an oral submission at the public hearings on this issue at the ICASA premises in Sandton on 13 July 2018. In this document, we elaborate on the thinking in our submission in response to a request in this regard from Advocate Dimakatso Qocha, the Councillor who chaired the hearing. We still intend address ourselves only to Question 1 of the Discussion Document. Is there a need for the introduction of DSB technologies in South Africa? We are convinced that there is no compelling argument for the introduction of the technology in the way apparently requested by many in the industry. We do not however oppose the liberalisation of signal distribution or a technology (and content) neutral approach to spectrum management and tradeable broadcasting and spectrum rights. If these were introduced, broadcasters would be able to decide on a purely commercial basis when and if to introduce digital broadcasts and new entry to the market would be possible through the purchase of appropriate rights.
Category: Economics and Finance

[225] viXra:1807.0292 [pdf] submitted on 2018-07-18 04:15:41

Nextgen Capital Market Development

Authors: Solomon Budnik
Comments: 6 Pages.

The purpose of this project is to implement the numerical-quantum monetary system to reduce and restructure sovereign debts, secure capital values and mitigate investment risks by applying new scientific methods, and models to advance the development of capital markets and world economies. This paper demonstrates new monetary principles by elaborating new trends in capital economics with integrated mathematics and physics, enabling to devise disruptive inter-monetary mechanisms and implement the NextGen financial instruments described below
Category: Economics and Finance

[224] viXra:1807.0258 [pdf] submitted on 2018-07-15 04:08:30

Fifa World Cup and Gini Coefficient

Authors: Anindya Kumar Biswas
Comments: 12 Pages.

In this paper we have found empirical evidence of a rising trend of lower Gini coefficient deciding the higher probability of winning of a country in a match in the FIFA World Cup. We have also studied the role of HDI in different stages of the football cup.
Category: Economics and Finance

[223] viXra:1807.0242 [pdf] submitted on 2018-07-12 06:26:19

Future Economics

Authors: Solomon Budnik
Comments: 5 Pages.

The purpose of this project is to promote the advance of the numerical-quantum economy and its progression to reduce sovereign debt, secure prosperity and mitigate the investment risks by applying new scientific methods, theories and models to analyze the current and future development of capital markets and world economies. This paper demonstrates new monetary principles, thus signifying new trends in capital economics with integrated mathematics and physics, enabling to predict the future economics based on new mechanisms described below.
Category: Economics and Finance

[222] viXra:1807.0086 [pdf] submitted on 2018-07-03 23:33:34

Leadership and Decision Making in Crisis in the Global Era: How Leadership Nowadays Can Encourage the Development of Business?

Authors: Evangelia Fragouli
Comments: 21 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

Leadership and decision making processes shape, influence and develop companies to gain competitive advantage, be profitable, promote sustainability and ultimately develop business. In the wake of globalisation, business are more susceptible to financial, legal, political, environmental, social and economic crises due to external and internal forces within and outside companies. The main objective of the research paper was to critically analyse the statement ‘Leadership & decision making in crisis in the global era: how leadership nowadays can encourage the development of business?’. An overview of leadership and decision making models applied in organizations are presented outlining challenges and issues that hinder business development. The study explores on the issues that might cause crisis in organizations and make leaders' decision making process more difficult. Moreover, it elaborates on the actions and the skills that a leader nowadays must acquire with the ultimate purpose to avoid future mistakes and develop organisations. A qualitative research methodology is applied based on critical literature review. The study concludes that the crises facing business discredit the current leadership practice, however they also provide a platform to formulate new paradigms to develop business. Keywords: Crisis, Leadership, Decision Making, Business JEL Classification: M0
Category: Economics and Finance

[221] viXra:1807.0085 [pdf] submitted on 2018-07-03 23:36:09

On Complex Dynamics of Regional Interaction

Authors: Georges Sarafopoulos
Comments: 11 Pages.

In this paper we consider the interaction between regions during the implementation of a reform on regional development through a discrete – time duopoly game with heterogeneous players. The existence and stability of equilibria of this system are studied. We show that a parameter of the system may change the stability of equilibrium and cause a structure to behave chaotically. For the low values of this parameter the game has a stable Nash equilibrium. Increasing these values, the Nash equilibrium becomes unstable, through period-doubling bifurcation. The complex dynamics, bifurcations and chaos are displayed by computing numerically Lyapunov numbers and sensitive dependence on initial conditions. Keywords: Regional Development, Institutional Reforms of Local Governments, Game Theory, Nash Equilibrium, Discrete Dynamical System; Chaotic Behavior. JEL Classification: C61, C72, R11
Category: Economics and Finance

[220] viXra:1807.0084 [pdf] submitted on 2018-07-03 23:38:08

Job Burnout and Motivation Among of Greek Bank Employees

Authors: Konstantinos Varsanis, Panagiotis Serdaris
Comments: 19 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

The present investigation aims to study the feelings of job satisfaction experienced by bank employees in Greece. In addition, it is studied how much the above feelings are affected by several demographic factors, like gender, age, educational level, years of experience in the specific institution, total years of experience and position held in the specific institution. The method which was preferred in the frame of the study was the quantitative research method. The tool which was used for the measurement of job satisfaction was the Employee Satisfaction Inventory, ESI, created by Koustelios, 1991. It included 24 questions, which measure six dimensions of job satisfaction: 1. Working conditions (5 items), 2. Earnings (4 items), 3. Promotions (3 items), 4. Nature of work (4 items), 5. Immediate superior (4 items) and 6. The institution as a whole (4 items) (total Chronbach’s α = 0.75). The responses were given in a five-level Likert scale: 1 = I strongly disagree, 5 = I strongly agree. The sample of the present study consisted of 230 employees of Greek banks and credit institutions. The results of the study showed that the feelings of job satisfaction experienced by Greek bank employees occur in quite high levels. Furthermore, it was found that job satisfaction is affected by several demographic characteristics, like age, gender, educational level and position held by the employee. However, further investigation should be carried out in the Greek population, so that the phenomenon of job satisfaction is well studied and promoted. Keywords: motivation, burnout, bank employees, Greece JEL Classification: J 21, J 24, J28, M 12, M54
Category: Economics and Finance

[219] viXra:1807.0083 [pdf] submitted on 2018-07-03 23:39:52

Managing Crisis or Crisis in Crisis Management? the Influence of Crisis on Greek and Foreign Companies that Operate in Greece

Authors: Evangelia Fragouli, Maria Kolonia
Comments: 41 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

The austerity packages that have been implemented in Greece since 2010 have been a factor causing political and social turbulence in the country. The present study investigates the influence of crisis on companies that operate in Greece and examines how this has been managed till now. An empirical study to a sample of employees working in Greek and foreign companies that operate in Greece demonstrates the preparedness or lack of preparedness of these companies and the implementation of possible crisis management plans and policies during the Greek economic crisis. The findings indicate that most of the Greek companies were not prepared and do not manage the crisis successfully. Foreign companies have managed the stressful situation more successfully. The paper suggests that crisis management requires strategic actions to be taken towards a desirable resolution to the problem. Managers have to develop organizational systems and be able to detect early warning signals and enable them to be better prepared for crisis events. This study has also shown that a crisis in managing crisis situation is possible to happen, when companies and corporate management teams do not develop crisis management plans on time. Keywords: crisis, management, leadership, business, influence, planning JEL Classification: M0
Category: Economics and Finance

[218] viXra:1807.0082 [pdf] submitted on 2018-07-03 23:41:59

On the Evolution of Institutional Reforms in a Region: a Bounded Rational Approach

Authors: Georges Sarafopoulos
Comments: 9 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

The paper considers the evolution of institutional reforms in a region during the implementation of a reform, on regional development. In previous work (Sarafopoulos and Ioannidis, 2014) we examined the evolution of the reforms on a region through a difference equation and we demonstrated that the slope of the tax function may change the stability of equilibrium and cause a structure to behave chaotically. In this article we show that by introducing a new parameter we can control the previous instability. For values of the slope which in the previous case created instability resulting a stable equilibrium. But also we prove that the new parameter generates instability and chaos. For some values of this parameter there is a locally stable equilibrium which is the value that maximizes the profit function of the local government. Increasing these values, the equilibrium becomes unstable, through period-doubling bifurcation. The complex dynamics, bifurcations and chaos are displayed by computing numerically Lyapunov numbers and sensitive dependence on initial conditions. Keywords:Regional Development, Institutional Reforms of Local Governments, Difference Equation, Equilibrium, Stability, Chaotic Behavior. JEL Classification: C61, C62, D42
Category: Economics and Finance

[217] viXra:1807.0081 [pdf] submitted on 2018-07-03 23:44:33

Museum Atmospherics: a Marketing and an Interpretive Tool

Authors: Kali Tzortzi
Comments: 11 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

In the competitive leisure marketplace, in which museums play a key role, architecture can add value to their experience and contribute to their ‘differential advantage’. Increasingly museum buildings are being addressed in the marketing literature not only as influencing the positive image of visitors and their intention to revisit, but also as affecting their experience of the museum display. This paper aims to further this idea and explore how the building’s physical and spatial form can add new dimensions to the meaning-making of the museum. Literature from different fields is brought together in the first part of the paper and the key concepts of museum atmospherics and the related model of servicescape are discussed as the theoretical background for this exploration. The paper takes as case studies two European museums which present aspects of the city’s history and share in common the character of their buildings as landmarks, their innovative spatial design, and the sensory qualities of their architecture. It shows how in both cases the museum’s powerful narrative is not in the discursive dimension of the experience of the exhibits, but in the holistic experience of the spatial setting, which visitors are invited to explore, with affective as well as cognitive outcomes. Through the analysis, the paper brings to the surface common paired themes between consumption and museum settings, such as atmosphere and tangible product, spatial layout and functioning, physical environment and distinctiveness, rational and embodied. Keywords: museum architecture; marketing; atmospherics; servicescape; spatial layout JEL Classification: M39
Category: Economics and Finance

[216] viXra:1807.0080 [pdf] submitted on 2018-07-03 23:45:53

Study on Expressway Marketization in China

Authors: Hongqian Feng, Xiaojun Guo
Comments: 9 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

Expressway is the national traffic artery and one of the monopoly basic industries, promoted the development of the economy. Expressway operation is in the initial stage, the country has long been dominated by the operation and management, has been followed by the pace of the times and slowly changing.With the development and accomplishment of Market Economy, many new forms continue to emerge: Expressway and Bridge toll, Sino foreign joint ventures, paid transfer, joint ventures, BOT model etc. But the operation of the expressway is still state-owned in China. Government-oriented operating mode have its advantages, but more disadvantages as well such as high operation cost, low efficiency, rent-seeking and expansion issues also can not be ignored. Therefore, through the analysis of expressway history and its present situation, comparing the advantages and disadvantages between the state-owned expressway operating mode and that of the marketization, we conclude that expressway in China is facing operation mechanism reform and its marketization is imperative. Keywords: Expressway, Marketization, Operation mode JEL Classification: R40, R49
Category: Economics and Finance

[215] viXra:1807.0079 [pdf] submitted on 2018-07-03 23:47:22

Male-Female Wage Differentials: Discrimination or Quality Differentials?

Authors: Dimitrios A. Giannias
Comments: 11 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

This paper presents a quality theory for labor that is offered for obtaining estimates of the demand for labor quality and testing whether there is feminist wage discrimination and whether labor quality depends on sex. The approach is instructive for understanding the workings of a hedonic labor market framework, offers closed form solutions, and allows the introduction of nonlinearities in the analysis. Keywords: hedonic pricing, quality differentials, product quality, labor quality, equilibrium model JEL Classification: J2, J3, D11
Category: Economics and Finance

[214] viXra:1807.0078 [pdf] submitted on 2018-07-03 23:48:59

A Perspective on the Anti-Corruption Accumulated Fund System: an Example of Jiangmen City in China

Authors: Nuan Lu, Wanxian Li
Comments: 11 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

This paper attempts to analyze the questions about the AAFS (anti-corruption accumulated fund system) of Jiangmen and corresponding constructive solutions. Especially, it investigates the content of the AAFS of Jiangmen City. The main finding is that there are four questions about the AAFS of Jiangmen city, such us fairness, impartiality, rationality and effectiveness. The paper suggests that in China, to develop the AAFS, the government should guide the public to face the AAFS squarely, enhance public participation and perfect relevant supporting systems. Keywords: anti-corruption accumulated fund system, Jiangmen city, anti-corruption JEL Classification: H4
Category: Economics and Finance

[213] viXra:1807.0077 [pdf] submitted on 2018-07-03 23:51:07

Monitoring Balanced Development: the Case of Post-Socialist Countries

Authors: Dimitrios Giannias, George Giannias
Comments: 33 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

This paper presents an index based methodology which is offered for analysing interregional differences, identifying suitable combination of policies, investigating ex-post whether there is progress towards convergence and balanced development, and suggesting possible changes in the allocation of funds by international organisations. The objective is to operationalize aspects of development and to show how these can be integrated into practical decision-making and analysis. As an illustration, the methodology is applied the case of the post-socialist countries of the Former Soviet Union (FSU). Keywords: balanced development, post-socialist countries JEL Classification: O10, O20, O40, O50, D10
Category: Economics and Finance

[212] viXra:1807.0076 [pdf] submitted on 2018-07-03 23:52:47

Study on the Supervision Mechanism of Public Policy Implementation in China

Authors: Wang Xin, Li Wanxian
Comments: 7 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

The analysis of public policy is a dynamic process, which includes public policy constituting, implementing and so on. Before the mid 1970s, the majority of experts and scholars were more concerned about the public policy formulation, but in practice, people gradually found the effect of public policy implementation. The latest study on public policy implementation turns to the supervision mechanism in order to strengthen the healthy, high efficient public policy implementation and combating corruption. Therefore, by reviewing the past literature on the supervision mechanism of public policy implementation and analyzing the dilemmas that China is facing, conclusions and countermeasures are discussed. Keywords: Public policy implementation; supervision mechanism; Policy analysis. JEL Classification: H00
Category: Economics and Finance

[211] viXra:1807.0075 [pdf] submitted on 2018-07-03 23:55:07

Implementation of Public Policy on the Di@vgeia (Clarity) Program in Greece: a Pure Bottom up Organizational and Procedural Model

Authors: Vasiliki Ntalakou
Comments: 15 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

Greek Public Policy on the di@vgeia (Clarity) program is based on Law 3861/2010 which was issued in June 2010. Although the agenda setting and formulation stages of this specific public policy were not affected by the economic crisis policy discourse, through its implementation stage it is perceived as a core initiative for fighting corruption and enhancing transparency on public spending and public administration activity in general. Di@vgeia initiative is conceived as a unique case of implementation success in Greece. This paper attempts to analyze the core characteristics of the program that form the bottom-up approach in the implementation stage. Especially, it investigates the implementation of the program which was based on a project management model consisting of a network of action and result - oriented management teams, one in each public agency (Project Task Forces). At the same time, the legislation provides that the core responsibility for uploading every act on the internet relies on the person or administrative body who is responsible for issuing it. This means that any administrative official on whatever level of administrative structure (e.g. ministry, local authority, legal entity etc) that has the authority to issue an act, is also responsible for assessing, based on a series of criteria, whether the document should be uploaded or not. Once the document is uploaded on the internet, every citizen can have a clear picture and opinion on the administrative action of the specific body or person. The main finding is that the bottom–up approach on implementing this specific public policy results in a maximum accountability of administrative officials on the quality of the documents, their formal characteristics and the administrative processes followed. The paper suggests that this model is also performed in other similar public policy initiatives relating to great horizontal public administration involvement. Keywords: Public policy cycle; Public policy implementation; Policy change; Bottom up approach; Di@vgeia (clarity) project;Street level bureaucrats JEL Classification: H11, KO, L880
Category: Economics and Finance

[210] viXra:1807.0074 [pdf] submitted on 2018-07-03 23:56:48

Environmentally Optimal Local Water Markets

Authors: Dimitrios A. Giannias
Comments: 27 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

A model is presented that incorporates water quantity and quality aspects and a market based system is developed to characterize optimum water allocations between two regions or countries or among users within a region. A methodology is developed to compute the market water quantity and quality price that would prevail in a local market and the methodology is illustrated using the water allocation problem between Greece and Bulgaria concerning Nestos river. Keywords: optimal allocation, water market, water quality JEL Classification: Q58, D1, D2
Category: Economics and Finance

[209] viXra:1807.0073 [pdf] submitted on 2018-07-03 23:58:34

A Survey on the PUBLIC’S Smoking and Smoking Control in Handan City, China

Authors: Yang Mengjie, Wanxian Li
Comments: 9 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

Smoke control is a worldwide trend and smoking prohibition in public places has aroused widespread attention, but China is the country with biggest tobacco production and consumption. Therefore smoke control in China is more difficult than any other country in the world. With the method of observing smoking in bus stop, express railway, some hospitals and restaurants, this paper analyses the reasons of smoking, and puts forward the corresponding countermeasures and suggestions for promoting and protecting the public health. Keywords: Public places; Smoking; smoke control, Smoking prohibition; Measures; Public health JEL Classification: H00
Category: Economics and Finance

[208] viXra:1807.0072 [pdf] submitted on 2018-07-04 00:01:22

Literature Review on Urban Integration of the Rural Workers in China

Authors: Yawei Song, Wanxian Li
Comments: 9 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

Social integration refers to the individual integrated into a social group, and complied with the social groups and social rules and eventually reduced the possibility of alienation. The new generation of rural migrant workers in China is generally born after 1980s, their age above 16, the young labor force whose household registration belonged to rural areas while working in the urban districts. Compared with the traditional rural migrant workers, the new generation has both subjective and objective advantages and are more easier to integrate into the city, With the continuous progress of urbanization in China, the problems of rural migrant workers has become the focus of attention. Summaries and comments are given toward the past research, and some creative ideas are also discussed. Keywords:urbanization, migrant, rural-worker, labor, integrate, city JEL Classification: L
Category: Economics and Finance

[207] viXra:1807.0071 [pdf] submitted on 2018-07-04 00:03:03

Regional Analysis of Standards of Living and Inequalities in Greece and the Allocation of eu Funding

Authors: George Giannias
Comments: 38 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

Regional indices get special attention because of their all inclusive nature which focuses on variables that are able to describe a region and indicate the level of its development. An analysis of consumer’s decision making indicates that the weights used for the regional variables considered and included in the index should not vary across regions. Given this, a regional index is computed for the 10 major regions of Greece assuming that all variables incorporated in it are equally weighted. The values of all variables considered are scaled from 0 - 100, so that the index is independent of units of measurement. According to the adapted regional index, the Athens Region is on the top of the ranking followed by Crete, Macedonia, Thessalia, Aegean Islands, Thrace, Peloponnisos, Sterea Ellada and Evia, Ionian Islands, and Epirus. A comparison of the regional indices with the per capita European Union funding indicates that the allocation of funds supports the integration process within Greece. Finally, an analysis of the actual versus the planned spending of the European Union funding indicates the low project management capabilities of the local (regional) administration in all cases. Keywords: standards of living, inequalities, European Union funding JEL Classification: R50
Category: Economics and Finance

[206] viXra:1807.0070 [pdf] submitted on 2018-07-04 00:05:28

The Aftermath of the “SICKLE-to-TIE” Process in Greece: What do Merchandise Export Trends Suggest?

Authors: Dimitrios KARKANIS
Comments: 49 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

The weak industrialization process of the Greek economy was reflected through the rapid transition from the formerly dominant agricultural production (the “sickle”) to the expansion of the service sector (the “tie”), mainly in terms of sectoral labor distribution during the last decades. This paper highlights the individual components of the recent upward trend regarding the Greek merchandise exports, through a stepwise decomposition of the total merchandise export value to those regarding the main exported products. This in turn leads to the identification of recent export growth prospects for more sophisticated manufactured products, related to the country’s weak industrial base. Keywords: Greece, Merchandise exports, Manufacturing trade, Agri-food exports, Global economic crisis JEL Classification: F10, F44, Q17
Category: Economics and Finance

[205] viXra:1807.0069 [pdf] submitted on 2018-07-04 00:08:04

A Time Series Analysis of the Nexus Between Macroeconomic Fundamentals and Stock Prices in Nigeria

Authors: Amassoma Ditimi, Bolarinwa Ifeoluwa
Comments: 35 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

Since macroeconomic fundamentals have been found to play a vital role for changes in the economy of a country. Consequently, the onus is on the appropriate regulatory authorities to take measures in making amendments in these policies to put the economy on the right development track. The aim of this study is to use time series analysis to empirically showcase the nexus between macroeconomic fundamentals and stock prices in Nigeria. The method used for this study was the Co-integration test and the EGARCH technique to estimate the possible influence of the selected macroeconomic fundamentals on stock prices. Volatility was captured by using quarterly data and estimated using GARCH (1,1) respectively. The study found there is a positive relationship between macroeconomic factors and stock prices in Nigeria. Therefore, the study recommends that the Federal authority should put in place policy measures that will enable the exchange rate to be relatively stabilized. This is because empirical evidence from studies has shown that exchange rate affects stock market prices. In addition, the government authority should ensure an enabling environment that would build the mindset of institutional investors in the Nigerian stock market due to the existence of information asymmetry problems among potential investors. Key words: Time series Model, Stock Market, EGARCH, Macroeconomic Policy, Nigeria, Financial Market, E-views, Macroeconomic impact JEL Classification: C11, C87, E61, F62, O55, G12
Category: Economics and Finance

[204] viXra:1807.0068 [pdf] submitted on 2018-07-04 00:10:18

The Volatility of Market Risk in Vietnam Listed Consumer Good Company Groups During and After the Financial Crisis 2007-2009

Authors: Dinh TRAN NGOC HUY
Comments: 32 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

This study estimates market risk of total 228 listed companies in Viet Nam consumer good industry during the financial crisis period 2007-2009. Firstly, we found out in the research sample that there are 86% of firms, of total listed firms, with beta values lower than (<) 1, meaning with lower risk, and the systemic risk is acceptable. Secondly, there are 14% among total 228 listed firms, whose beta values higher than (>) 1, meaning having stock returns fluctuating more than the market benchmark. Thirdly, among three (3) groups, the systemic risk in the material and consumer good industry is the smallest, shown by estimated values of equity and asset beta mean, and asset beta variance in the wholesale and retail industry is the smallest. Finally, this paper generates some analytical outcomes that enable companies and government to have more evidence in establishing their policies in investments and in governance Keywords: equity beta, financial structure, financial crisis, risk, asset beta, consumer good industry JEL Classification: G010, G100, G390
Category: Economics and Finance

[203] viXra:1807.0028 [pdf] submitted on 2018-07-01 23:09:59

Anticipatory Shock in the Global Economy

Authors: Miguel A. Sanchez-Rey
Comments: 1 Page.

Either way, an anticipatory shock.
Category: Economics and Finance

[202] viXra:1807.0024 [pdf] submitted on 2018-07-01 02:36:35

Personnel Work Time Management in Organization

Authors: Galina GAGARINSKAIA, Irina KUZNETCOVA, Aleksandr GAGARINSKII
Comments: 11 Pages. published in The UNIVERSITY WITHOUT BORDERS Journal of ECONOMICS & BUSINESS; https://universitywithoutborders.wordpress.com

The authors uncover socio-economic aspects of working time management, analyze social working conditions of employees in the organization, and also show socio-economic indicators and analyze the factors affecting the work time efficiency in the organization. The article provides a methodology for planning the number of employees by category depending on the time spent to manufacture the products. Presented are the results of surveying 84% of the total number of personnel in organizations (by the quota sample: status, age, sex), and the work time balance for an employee is created. Planned and actual number of the main staff categories in the organization is given.
Category: Economics and Finance

[201] viXra:1807.0023 [pdf] submitted on 2018-07-01 02:41:03

Selecting Various Industrial Competitors Affect the Risk Level of Viet Nam Stock Investment Industry

Authors: Dinh TRAN NGOC HUY
Comments: 23 Pages. Published in The UNIVERSITY WITHOUT BORDERS Journal of ECONOMICS & BUSINESS; https://universitywithoutborders.wordpress.com

Under a one factor model, this paperwork estimates the impacts of the size of firms’ competitors in the stock investment industry on the market risk level, measured by equity and asset beta, of 6 listed companies in this category. This study identified that the risk dispersion level in this sample study could be minimized in case the competitor size kept as current approximate size (measured by equity beta var of 0,034). Beside, the empirical research findings show us that equity beta min value decreases from 0,247 to 0,244 when the size of competitor doubles. Last but not least, most of beta values are acceptable. Ultimately, this paper illustrates calculated results that might give proper recommendations to relevant governments and institutions in re-evaluating their policies during and after the financial crisis 2007-2011.
Category: Economics and Finance

[200] viXra:1807.0022 [pdf] submitted on 2018-07-01 02:43:37

The Study of Consumer Preferences of Young Tourists

Authors: Leyla Hajiyeva
Comments: 17 Pages. Published in The UNIVERSITY WITHOUT BORDERS Journal of ECONOMICS & BUSINESS; https://universitywithoutborders.wordpress.com

For Azerbaijan which has taken a course on the development of the non-oil sector, tourism is the most preferable and promising sector of the economy. The favorable geographical location between Europe and Asia and the availability of necessary natural conditions contribute to the development of various types of tourism. Оne of them is youth tourism, the study of features of which is devoted to this article. А study of the needs and preferences of young tourists is aimed at identifying the main factors affecting their decision to travel. Studуing the peculiarities of the behavior of young people, tourist enterprises can develop the most appropriate marketing strategy for them.
Category: Economics and Finance

[199] viXra:1807.0021 [pdf] submitted on 2018-07-01 02:46:30

An Investigation of Financing Mechanisms of Renewable Energy and Energy Efficiency Projects in Jordan: a Review Pape

Authors: Ayman Abdalmajeed Ahmad Al-smadi
Comments: 23 Pages. Published in The UNIVERSITY WITHOUT BORDERS Journal of ECONOMICS & BUSINESS; https://universitywithoutborders.wordpress.com

The development of renewable energy and energy efficiency is crucial to Jordan’s current and future prosperity and there are substantial opportunities to pursue green growth. Despite the progress which has been made in this regard, there are some financial barriers that face this sector. These barriers concern the lack of familiarity of renewable energy and energy efficiency technologies and practices within banks. The government of Jordan is aware of these financial difficulties and that is why a fund of renewable energy and energy efficiency has been created to provide technical assistance to energy developers and financial institutions in addition to adopting a specific loan guarantee program to tackle the perceived risks that may face the financial institutions and to encourage these institutions to extend more credit facilities to this vital sector.
Category: Economics and Finance

[198] viXra:1807.0020 [pdf] submitted on 2018-07-01 03:10:04

The Value of Strategic Commitment in Mixed Duopoly Games with a Foreign Labor-Managed Firm

Authors: Kazuhiro OHNISHI
Comments: 17 Pages. Published in The UNIVERSITY WITHOUT BORDERS Journal of ECONOMICS & BUSINESS; https://universitywithoutborders.wordpress.com

This paper investigates an economy consisting of a state-owned firm and a foreign labor-managed firm. First, the paper considers a Cournot game where only the state-owned firm is allowed to offer lifetime employment as a strategic commitment, and demonstrates that there is a stable equilibrium which is profitable only for the state-owned firm. Next, the paper examines a Cournot game where only the foreign labor-managed firm can offer lifetime employment as a strategic commitment, and shows that there are two stable equilibria. The purpose of this study is to show the value of lifetime employment as a strategic commitment.
Category: Economics and Finance

[197] viXra:1807.0019 [pdf] submitted on 2018-07-01 03:12:21

Geopolitical Conditions in the Formation of Economic and Social Development in the Balkans

Authors: Miltiades KIPAS
Comments: 21 Pages. Published in The UNIVERSITY WITHOUT BORDERS Journal of ECONOMICS & BUSINESS; https://universitywithoutborders.wordpress.com

This paper aims at demonstrating the importance of infrastructures and geopolitical factors for the development of Balkan economies. The transition from the economy of central planning, as developed in the countries of Eastern Europe, to market economy essentially resulted in the replacement of economic and social structures dominant in these countries in the period 1945-1989. This transition was noticeably different from one country to another, despite the existence of some common features; such differences being determined by the particular character of these countries; their traditions; their infrastructures or their geopolitical position. Respective infrastructures also had to readjust to the new features of market economy, as, after all, it was the necessity of competitiveness itself that led these countries to develop infrastructures. In this framework, the development of infrastructures in the Balkans was an important feature in the period of their transition to market economy. Infrastructures are fundamental for the economic development of the Balkans; however, geopolitical factors also contributed to the development and growth of Balkan economies in direct relevance with the attitudes of potential investors in the respective markets.
Category: Economics and Finance

[196] viXra:1807.0018 [pdf] submitted on 2018-07-01 03:15:12

Trends and Calendar Effects in MALAYSIA’S Stock Market

Authors: Ayman Abdalmajeed Ahmad Al-smadi, Mahmoud Khalid Almsafir, Nur Hanis Hazwani Binti Husni
Comments: 17 Pages. Published in The UNIVERSITY WITHOUT BORDERS Journal of ECONOMICS & BUSINESS; https://universitywithoutborders.wordpress.com

Investing can help a person's wealth to generate more, and investing in stock is proven as one of the most profitable forms of available investment. The benefits gained in stock broking are immediate Buy/Sell which investor can sell part of their investment any time and at low transaction cost. However, investing in stock will require investor to observe the market, as market can be a volatile place and investor need to acquire knowledge of what they actually are doing. This study will discuss the price trends over the year, and how it will get affected by the seasonality in Malaysia, which also known as the calendar effects. The factor to be investigated in this study is the price on holiday’s season, the January effect or any other monthly seasonality. The daily price of KPJ Healthcare Berhad for the year 2011 is the sample was chosen in this study. Further this study, data used is derived from the weak-form efficient markets hypothesis, which is the price history and case study. Regression method is used in this study in order to help achieving the findings. This should be a continuous study, and adding on more other factors, such as wars and economic crises, and traders, investors and other speculators.
Category: Economics and Finance

[195] viXra:1807.0017 [pdf] submitted on 2018-07-01 03:17:08

A Review of Vietnam Tourism Development Policy

Authors: Nguyen Hoang Hien
Comments: 15 Pages. Published in The UNIVERSITY WITHOUT BORDERS Journal of ECONOMICS & BUSINESS; https://universitywithoutborders.wordpress.com

Tourism is one of the largest and the fastest growing economic sectors in the world. In many developing countries, tourism is considered a strategic economic sector, as this is one of the important sources of foreign exchange. Tourism creates business, trade and investment opportunities for the economy and protects the heritage and cultural values of the nation. Moreover, the tourism industry is labor intensive, tourism development can create jobs in society. And finally, tourism is a smoke-free industry, so it’s development does not affect the environment and it is likely to stimulate economic growth. In Vietnam, the tourism industry has exploded since the early 2000s, with the rapid growth of both international and domestic tourists. The Vietnamese government regards tourism as a spearhead economic sector, and the development of tourism can promote economic development. Therefore, Vietnam has had many policies for tourism development in the past two decades. This paper looks at the development of Vietnam's tourism sector in the period 2000-2016, analyzes Vietnam's policies for tourism, compares them with policies of other regional countries such as Thailand and Malaysia in order to find the solutions for Vietnam tourism development.
Category: Economics and Finance

[194] viXra:1807.0016 [pdf] submitted on 2018-07-01 03:27:40

Complexity in a Monopoly Market with Non Linear Demand and Cost Functions

Authors: Georges Sarafopoulos
Comments: 11 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

In this paper the equilibrium state of a bounded rational monopolist model is studied. It is assumed that the entire demand and cost functions are nonlinear. The equilibrium of the model is equal to the level of price that maximizes profits, as can be seen in the classical microeconomic theory. However, complex dynamics can arise and the stability of equilibrium state is discussed. The complex dynamics, bifurcations and chaos are displayed by computing numerically Lyapunov numbers and sensitive dependence on initial conditions.
Category: Economics and Finance

[193] viXra:1807.0015 [pdf] submitted on 2018-07-01 03:30:35

Is Hedge Funds Declared Strategy Compatible with What Actually Data Say?

Authors: Theodosios PALASKAS, Chrysostomos STOFOROS
Comments: 25 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

Constructing a diversified hedge funds portfolio is very much associated with the degree of complementarity/substitutability of alternative fund strategies/styles, which are self declared by fund managers. To this extend, an obvious and important question related to the safe pick by investors of a specific fund strategy is: ‘if and to what extend the fund managers declared strategy and its investment style are compatible with what actually their performance states?’. If yes, then the investors’ decision making is well informed, otherwise they run to risk of constructing a homogeneous rather than heterogeneous portfolio of funds. The purpose of this paper is, by utilizing clustering techniques -k-means and two-step -, to identify the compatibility between managers self-declaration of fund strategy/style and what the data actually reveal. The framework used is based on data driven classification, covering 2,853 hedge funds of all strategies and styles for the period 2000-2009 with monthly returns, standard deviations, skewness, kurtosis and % of positive months as inputs. The results suggest that both, k-means and two-step clustering, produce similar outcomes and that all funds strategies and styles are classified in eight clusters. Moreover, the results indicate that, other than convertible arbitrage, emerging markets and event driven fund strategies, which are mainly classified in one cluster, none of the other hedge fund strategies appear as a homogeneous category. The latter suggests that investors should be very careful when building up their portfolio of hedge funds because the self-declaration of fund managers’ strategy could be misleading.
Category: Economics and Finance

[192] viXra:1807.0014 [pdf] submitted on 2018-07-01 03:34:03

Job Satisfaction and Demofraphic Characteristics of Greek Bank Employees

Authors: Dimitrios Belias, Athanasios Koustelios, Maria Koutiva, Labros Sdrolias, Nikolaos Kakkos, Konstantinos Varsanis
Comments: 27 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

The present investigation aims to study the feelings of job satisfaction experienced by bank employees in Greece. In addition, it is studied how much the above feelings are affected by several demographic factors, like gender, age, educational level, years of experience in the specific institution, total years of experience and position held in the specific institution. The method which was preferred in the frame of the study was the quantitative research method. The tool which was used for the measurement of job satisfaction was the Employee Satisfaction Inventory, ESI, created by Koustelios, 1991. It included 24 questions, which measure six dimensions of job satisfaction: 1. Working conditions (5 items), 2. Earnings (4 items), 3. Promotions (3 items), 4. Nature of work (4 items), 5. Immediate superior (4 items) and 6. The institution as a whole (4 items) (total Chronbach’s α = 0.75). The responses were given in a five-level Likert scale: 1 = I strongly disagree, 5 = I strongly agree. The sample of the present study consisted of 230 employees of Greek banks and credit institutions. The results of the study showed that the feelings of job satisfaction experienced by Greek bank employees occur in quite high levels. Furthermore, it was found that job satisfaction is affected by several demographic characteristics, like age, gender, educational level and position held by the employee. However, further investigation should be carried out in the Greek population, so that the phenomenon of job satisfaction is well studied and promoted.
Category: Economics and Finance

[191] viXra:1807.0013 [pdf] submitted on 2018-07-01 03:36:43

Inventory Holding and International Mixed Duopoly

Authors: Kazuhiro Ohnishi
Comments: 19 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

This paper considers a two-period international mixed duopoly model in which a domestic state-owned welfare-maximizing public firm and a foreign profit-maximizing private firm are allowed to hold inventories as a strategic device. In the first period, each firm simultaneously and independently chooses how much it sells in the current market and the level of inventory it holds for the second-period market. By holding inventory, a firm can change the competitive environment in the second period. The paper demonstrates that inventories are used by the domestic state-owned public firm to achieve a collusive outcome.
Category: Economics and Finance

[190] viXra:1807.0012 [pdf] submitted on 2018-07-01 03:39:52

Tourist Destination Marketing and Measurement of Tourist Satisfaction: the Case of Santorini Island

Authors: Theodossiou George, Thanou Eleni, Kallivokas Dimitrios
Comments: 19 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

The present paper is the first of a series of research papers that aims to investigate the structure and quality of the "Greek touristic product" in the context of a global competitive industry, identifying strengths and weaknesses and proposing appropriate marketing responses. The paper focuses on Santorini island, 16th tourist destination in Europe, examining the degree of satisfaction of the island's visitors. The research is based on primary data, collected through a questionnaire addressed to departing tourists who had spent at least 5 days on the island and had stayed in a tourist accommodation unit. The sample was compiled with the multistage random sampling method. A number of hypotheses were tested in order to investigate differentiations in tourist satisfaction responses among country of origin, income, age, individual or agency travel and type of accommodation used. Our findings indicate an overall high level of satisfaction in most areas. The highest ratings were associated with private sector offerings (hotels, restaurants, friendliness/attitude of the local residents) against lower ratings received on public infrastructure items. Lastly, the responses were analyzed with the SPSS statistical package, using mainly the t-tests to discover statistically significant variations in the responses of different sub-groups of our sample. The main difference was found among those that stayed in hotel rooms vs. staying in rented rooms/ apartments, with the former belonging to higher income groups and expressing higher satisfaction both for their accommodation as with other aspects of the tourist product. The conclusion is that Santorini's tourist product is best suited to those with higher holiday budget, and marketing efforts as well as improvement of the tourist experience offering must continue to focus on this segment in order to maximize both tourist satisfaction and the sector's income.
Category: Economics and Finance

[189] viXra:1807.0011 [pdf] submitted on 2018-07-01 03:46:49

Institutional Reforms in a Region: on the Complexity of Their Evolution

Authors: Georges Sarafopoulos, Panagiotis G. Ioannidis
Comments: 11 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

The paper considers the evolution of institutional reforms in a region during the implementation of a reform, on regional development. For this purpose we use a difference equation. The existence and stability of equilibria are studied. We show that the slope of the tax function may change the stability of equilibrium and cause a structure to behave chaotically. For some values of this parameter there is a locally stable equilibrium which is the value that maximizes the profit function of the local government. Decreasing these values, the equilibrium becomes unstable, through period-doubling bifurcation. The complex dynamics, bifurcations and chaos are displayed by computing numerically Lyapunov numbers and sensitive dependence on initial conditions.
Category: Economics and Finance

[188] viXra:1807.0010 [pdf] submitted on 2018-07-01 03:48:29

The Hellenic Internal Security System in Combating Organized Crime. the Case of the Hellenic Coast Guard

Authors: Tryfon KORONTZIS
Comments: 27 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

Organized crime has a global character and is one of the most serious threats in the modern societies for decades. This phenomenon because of the characteristics that govern modern societies and economies, namely globalization, transnational flows, reduction of distances due to the technology evolution has taken international dimensions. These evolutions help the development of international profitable illegal activities. Organized Criminal Groups (OCG) are operating simultaneously in more than one countries internationalizing with that way crime, making difficult and painful its effective and comprehensive combat. Besides the international character of modern organized crime, an additional problem is the modernization of mode and methods of action that are used by criminal groups.
Category: Economics and Finance

[187] viXra:1807.0008 [pdf] submitted on 2018-07-01 03:52:52

Reputation Risk Management (RRM) in the Petroleum Industry: the Role of Corporate Social Responsibility

Authors: Evangelia FRAGOULI
Comments: 21 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

The petroleum industry is institutionally complex and its operations are integrated across the entire supply chain. In case of accidents, there are always major economic losses and serious environmental consequences which can damage the reputation of the companies. This makes reputation risk management very important. As a policy strategy, CSR plays significant role in shaping the perceptions of stakeholders about the activities of companies, hence has the potential of protecting companies against reputational risks. This study aims to critically examine the role CSR plays in Reputation Risk Management in the petroleum industry. It investigates and critically analyses Reputation Risk Management policies and the influence CSR initiatives have on stakeholders. After a general background introduction to the petroleum industry, it discusses the nature of reputation and reputation risk management, highlighting the existence of policy issues and the approach adopted in managing reputation risk in the petroleum industry. Reputation is driven by regulatory compliance, strong financial performance, employees and customer satisfaction, good corporate governance and leadership. The study shows that CSR as a policy strategy plays a significant role in RRM. In this regard, the study concludes that CSR initiatives can positively influence the desire to manage the reputation of companies in the petroleum industry. The study recommends CSR as a holistic approach capable of building an everlasting reputation for companies within and outside the petroleum industry.
Category: Economics and Finance

[186] viXra:1807.0007 [pdf] submitted on 2018-07-01 03:56:16

Financial Banking Supervision: a View of an Updated Secondary Research the Greek Reality

Authors: Anastasia Kopaneli
Comments: 18 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

Financial Banking Supervision is widely recognized as an extremely necessary process throughout the years in the last decades. To begin with, it refers to a Preventive Control and to Supervision as well, with a central aim of «preventing» the Financial Banking Sector – in fact and more specifically, Financial Banking Supervision is related to a chain of rules set, mainly by, the Bank of International Settlements (BCBS-BASEL, BIS) in collaboration with the Central Bank in each country-member so that a Monetary and Financial Stability is achieved nationally and globally too (BCBS October 2013, Jorion 2002, Singleton 2011). This article presents the fundamentals of Financial Banking Supervision together with the updated statistical data taken from valid and reliable sources and organizations. In line with the above, the objectives are specific: •To make the reader concentrate on the fundamentals of Financial Banking Supervision. •To make the reader see the relation between the classic literature of Finance and Banking Supervision and the Updated Statistical Data. •To make the reader see the Greek reality. So, it is clear, that the results are based upon comparisons between theory and practice in a continuous way. Thus, the Methodological Conceptual Framework is based upon classic literature of Finance and Banking while updated statistical data is used as well (as Financial Banking Supervision is in a continuous advancement taking into serious consideration all the issues of the National and the Global Economy, especially in nowadays). The used data concerns the Global and the Greek Reality (http://www.bankofgreece.gr) as shown in Figures 1,2,3,4 and in Table 1.
Category: Economics and Finance

[185] viXra:1807.0006 [pdf] submitted on 2018-07-01 04:05:15

Health Care Services in Public Hospitals in Region of Eastern Macedonia and Thrace-Greece

Authors: Giannoula FLOROU, Vasileios AGGELIDIS, Christos BATZIOS, Anastasios KARASAVVOGLOU, Ioannis PETASAKIS, Persefoni POLYCHRONIDOU
Comments: 25 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

The economic crisis which has plagued the economies of Southern Europe the last five years, and its unforeseen adverse effects on socio-economic indicators of our country, still constitute an evolving and up to date phenomenon, enhancing a range of other issues, including that of providing health care services to the citizens. In this context, this paper focuses on the investigation of the basic features of hospitalization in patients who received health care services in hospitals in the Region of Eastern Macedonia and Thrace, during the period 2005-2011. The analysis was based on data drawn from the official statements of the public hospitals of “Kavala”, “Drama”, “Komotini”, “Xanthi”, “Alexandroupolis” and “Didimotichon”, and refer to key variables, such as the “number of inpatient”, the “sex of patients”, the “clinic/department of hospitalization”, the “duration of hospitalization”, the “insurance organization”, the “the rate of plenitude of clinic”, etc. From the statistical analysis and the evaluation of data the current situation is outlined, with regard to the health care services provided by the central health care units in the Region of Eastern Macedonia and Thrace, over time and cross section, and useful results emerge which can also serve as the basis for more rational planning and decision making.
Category: Economics and Finance

[184] viXra:1807.0005 [pdf] submitted on 2018-07-01 04:06:36

The Museum Visitor as Consumer

Authors: Kali Tzortzi
Comments: 21 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

This paper takes as its starting point the idea that in museums the consumers are the visitors, and that, with the growing prevalence of the marketing approach and greater competition for audience, it is increasingly significant for museums to understand visitors’ reactions to the exhibitions they offer. There has been a long debate as to how to organize exhibitions, but there is no standard method for assessing their effectiveness, though a variety of evaluative techniques have been applied, from interviews and questionnaires through to observation of behaviour. Here we argue that important keys to visitors’ reactions are reflected in observable and quantifiable aspects of their behaviours, including the precise ways in which they move through the exhibition spaces and view exhibits. The key innovation of the research lies in relating these quantifiable patterns to museum intent, meaning how architects and curators seek to shape visitor experience and understanding through spatial design and display narrative. In this paper, we take four case studies of museums with different exhibition concepts and layouts, and show that empirical evidence of different patterns of movement and viewing can lead to deeper understanding of visitors’ responses, and allow more informed choices in designing consumer-centred museums.
Category: Economics and Finance

[183] viXra:1807.0004 [pdf] submitted on 2018-07-01 04:08:34

Partial Privatization in International Mixed Duopoly with Price Competition

Authors: Kazuhiro Ohnishi
Comments: 21 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

This paper examines privatization policy in a price-setting mixed duopoly where a domestic public firm competes against a foreign private firm. The domestic government chooses the degree of privatization to maximize domestic welfare. The paper considers two games: Bertrand-Nash competition and Stackelberg competition with the domestic firm being the leader. The paper shows that neither full nor partial privatization is optimal in the two international mixed duopoly games with price competition.
Category: Economics and Finance

[182] viXra:1807.0003 [pdf] submitted on 2018-07-01 04:11:11

Structure and Agency in Entrepreneurial Intention in the Midst of Crisis: Understanding the Profiles of Aspiring Greek Small Entrepreneurs in the Agro-Food Sector

Authors: Philippos PAPADOPOULOS, Christos BAKOUROS, Anisa BELLOU
Comments: 23 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

This paper investigates the usefulness of Margaret Archer’ model in explaining entrepreneurial intention in the Greek agro-food sector. The empirical study was prompted by the salience of both entrepreneurship and the specific sector in current public discourse. The findings of the study suggest that the typology can be used to gain insights into significant aspects of the topic and highlights the need to avoid linear causal schemata and adopt a more holistic approach in researching entrepreneurial intention. Further more, the limitations of a quantitative methodology were revealed, and the consequent need to rely on in-depth qualitative interviews in order to gain a “think picture” of entrepreneurial conduct.
Category: Economics and Finance

[181] viXra:1807.0002 [pdf] submitted on 2018-07-01 04:13:28

Interaction of Local Governments: a Dynamic Approach with Homogeneous Players

Authors: Georges Sarafopoulos
Comments: 11 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

In this paper we point to the difficulty of applying concepts of microeconomic theory (competition between products and firms) at the political level (competition between regions). To emphasize this difficulty we present a model of competition between two local governments in order to show complexity and non-predictability. We consider the interaction between local governments during the implementation of a reform on regional development through a discrete – time duopoly game where the players have homogeneous expectations. The existence and stability of equilibria of this system are studied. We show that a parameter of the system may change the stability of equilibrium and cause a structure to behave chaotically. For the low values of this parameter the game has a stable Nash equilibrium. Increasing these values, the Nash equilibrium becomes unstable, through period-doubling bifurcation. The complex dynamics, bifurcations and chaos are displayed by computing numerically Lyapunov numbers and sensitive dependence on initial conditions.
Category: Economics and Finance

[180] viXra:1806.0462 [pdf] submitted on 2018-06-30 16:44:51

Confirmation of the Vickrey Auction Theorem Copyright © 2018 by Colin James III All Rights Reserved.

Authors: Colin James III
Comments: 3 Pages. Copyright © 2018 by Colin James III All rights reserved. Note that comments on Disqus are not forwarded or read, so respond to author's email address: info@cec-services dot com.

When the third state of negative payoff is included (ignored by the wiki rendition of the theorem), the equation as rendered is tautologous. This means the Vickrey auction theorem is confirmed.
Category: Economics and Finance

[179] viXra:1805.0430 [pdf] submitted on 2018-05-23 17:41:13

Duality-Symmetric Finance

Authors: Soerivhe Iriene
Comments: 12 Pages.

Duality-Symmetric Finance is a novel monetary and financial system that may revolutionize economies since it is fundamentally resistant to rampant hyperinflation.
Category: Economics and Finance

[178] viXra:1805.0413 [pdf] submitted on 2018-05-24 13:22:30

The Use of Energy Pricing in Renewable Smartgrids

Authors: Antoine Warnery
Comments: 9 Pages. French

The purpose of this paper is to explore how the pricing energy can best serve the aims of environmental policy.
Category: Economics and Finance

[177] viXra:1805.0386 [pdf] submitted on 2018-05-22 09:18:08

Unified Complex-Dynamical Theory of Financial, Economic, and Social Risks and Their Efficient Management: Reason-Based Governance for Sustainable Development

Authors: Andrei P. Kirilyuk
Comments: 9 Pages. Published as section 8.4 of the book: A. P. Kirilyuk, Theory of Everything, Ultimate Reality and the End of Humanity: Extended Sustainability by the Universal Science of Complexity (LAP LAMBERT Academic Publishing, Beau Bassin, 2017), viXra:1802.0168

An extended analysis compared to observations shows that modern “globalised” world civilisation has passed through the invisible “complexity threshold”, after which usual “spontaneous”, empirically driven kind of development (“invisible hand” etc.) cannot continue any more without major destructive tendencies. A much deeper, non-simplified understanding of real interaction complexity is necessary in order to cope with such globalised world development problems. Here we introduce the universal definition, fundamental origin, and dynamic equations for a major related quantity of (systemic) risk characterising real complex system development tendencies at any level of dynamics. Practically important conclusions are derived, opening further detailed applications in economy, finance and development practice.
Category: Economics and Finance

[176] viXra:1805.0291 [pdf] submitted on 2018-05-15 02:07:10

Numerical Simulations Reveal Complexity of Outcomes in Digital Markets

Authors: Bronwyn E Howell, Petrus H Potgieter
Comments: 1 Page.

Bundling is a key feature for information goods. These goods include many of the services like music streaming, gaming and subscription television or video streaming services that make up a substantial share of the modern economy. We have constructed a computer simulation model of markets for information goods that allows us to explore outcomes and strategies under the assumption that firms offer differentiated products and price at discrete price points (not on a theoretical mathematical continuum) and that the consumers are a finite (set of individuals and/or groups). This document outlines our model and results, to appear in a forthcoming paper.
Category: Economics and Finance

[175] viXra:1804.0205 [pdf] submitted on 2018-04-17 08:38:51

A Physical Review on Currency

Authors: Ran Huang
Comments: 14 Pages.

A theoretical self-sustainable economic model is established based on the fundamental factors of production, consumption, reservation and reinvestment, where currency is set as a unconditional credit symbol serving as transaction equivalent and stock means. Principle properties of currency are explored in this ideal economic system. Physical analysis reveals some facts that were not addressed by traditional monetary theory, and several basic principles of ideal currency are concluded: 1. The saving-replacement is a more primary function of currency than the transaction equivalents; 2. The ideal efficiency of currency corresponds to the least practical value; 3. The contradiction between constant face value of currency and depreciable goods leads to intrinsic inflation.
Category: Economics and Finance

[174] viXra:1803.0694 [pdf] submitted on 2018-03-28 04:54:45

How Cloud Computing Impacts Supply Chain Performance and Business Strategies

Authors: SongIl Choe, IlNam Li, WonJun Min, UnChol Li, JongSu Kim
Comments: 10 Pages.

This paper explores the managerial perceptions on the use of cloud computing in enterprise supply chain( SC) management. Specifically, this paper seeks to address how cloud computing impacts supply chain performance and bussiness strategies. This paper also presents a comparison of traditional supply chain concepts such as the efficient SC and responsive SC and a new concept for emerging ICT as the cloud computing area with cloud services as traded products. The comparison analysis suggested thatcloud computing can improve supply chain performance and business strategy objectives
Category: Economics and Finance

[173] viXra:1803.0500 [pdf] submitted on 2018-03-22 15:56:29

A Global Consumer-Driven Low-Carbon Investment Fund for Development and Adaptation

Authors: Anthony J. Webster
Comments: 4 Pages.

A successful response to climate change offers the greatest public health opportunity of the century, but intervention is needed to prevent catastrophic climate change and to realise this tantalising possibility. A global investment fund for development, R&D, and low-carbon investments can succeed, with long-term dividends used for adaptation to the climate. It can be funded by numerous small voluntarily paid levies on purchases and transactions, encouraged by global icons, and paid by multinational companies that benefit from good publicity and growing markets. A grassroots response can start arbitrarily small, but aspire to include all transactions.
Category: Economics and Finance

[172] viXra:1802.0435 [pdf] submitted on 2018-02-28 16:17:44

Deep Learning for Causal Inference

Authors: Vikas Ramachandra
Comments: 12 Pages.

In this paper, we propose the use of deep learning techniques in econometrics, specifically for causal inference and estimating individual as well as average treatment effects. The contribution of this paper is twofold: 1.For generalized neighbor matching to estimate individual and average treatment effects, we analyze the use of autoencoders for dimensionality reduction while maintaining the local neighborhood structure among the data points in the embedding space. This deep learning based technique is shown to perform better than simple k nearest neighbor matching for estimating treatment effects, especially when the data points have several features/covariates but reside in a low dimensional manifold in high dimensional space. We also observe better performance than manifold learning methods for neighbor matching. 2. Propensity score matching is one specific and popular way to perform matching in order to estimate average and individual treatment effects. We propose the use of deep neural networks (DNNs) for propensity score matching, and present a network called PropensityNet for this. This is a generalization of the logistic regression technique traditionally used to estimate propensity scores and we show empirically that DNNs perform better than logistic regression at propensity score matching. Code for both methods will be made available shortly on Github at: https://github.com/vikas84bf
Category: Economics and Finance

[171] viXra:1802.0119 [pdf] submitted on 2018-02-10 15:53:02

Crecimiento ECONÓMICO DE Colombia Durante el Keynesianismo Y el Neoliberalismo Monetarista, 1960-2016

Authors: Alfonso León Guillén Gómez
Comments: 48 Pages.

Se examina el crecimiento económico de largo plazo, ocurrido en los últimos 56 años, en Colombia, durante los períodos keynesiano y neoliberal, bajo la consideración de constituir una estructura económica capitalista dependiente. Por lo tanto, relacionando su crecimiento con el de los Estados Unidos y el Reino Unido que conforman el principal eje de dominación mundial. Con tal objetivo primero se construye un modelo conceptual de tal historia para en segundo lugar analizarla e interpretarla utilizando herramientas estadísticas del análisis de series de tiempo.
Category: Economics and Finance

[170] viXra:1802.0068 [pdf] submitted on 2018-02-07 09:37:09

Spectra of Economic Inflation

Authors: Anindya Kumar Biswas
Comments: 19 Pages. It's an application of a model of economics developed in analogy with theory of electrodynamics of physics

In this article, we derive relations between inflation and rate of unemployment for a set of economic systems, using a theoretical model developed under the spell of Maxwell’s electrodynamics. Inflation in a place, in the model, is proportional to the frequency of economic power flow to the place from outside. Rate of unemployment in that place is a power law function of the frequency. Relations are of power law types i.e. inflation varies inversely as a power of rate of unemployment. Consequently, we get a spectrum of inflationary exponents. Exponents obtained are 2/5, 2, 2/(5+4l), 6.7; 1/6, 1/4, 1/(2l+6), 0.26; 1/4, 1/2, 1/(2l+4), 0.61; -2/3, -2/7, 2/(4l-3), -0.2; 1, -1, 1/(2l+1), -0.4 respectively; where, l is a positive integer. We draw few representative Phillips curves i.e. graphs of inflation vs rate of unemployment, discuss about the consequences of the spectra and surmise about the relevance of CPI over WPI from the model.
Category: Economics and Finance

[169] viXra:1712.0675 [pdf] submitted on 2017-12-31 16:15:50

The 72 Long Cycle and 9 Short Cycle of Global Stock Crashes: the Next 2018 Crash

Authors: luis Sancho
Comments: 43 Pages. published last day of 2017 first predicted in 97 as all previous crashes that have happened since evolution IS a predictable science

Our models of the eco(nomic)system study the evolution of machines and its company-mothers according to the laws of biology. First published in the 97 book 'Bio-history, Bio-economics, a theory of Unification', we predicted then the crash of 2001, due to the overproduction of chips (minds of machines), 72 years after the 1929 crash due to overproduction of electrochemical engines (ticker, cars, radios), the heart of machines, 72 years after the 1857 crash due to overproduction of bodies of machines (trains). We now expand the last of the 3 short 9 year product cycle of crashes, the book predicted for 2001-2009-2018, prolegomena of III world war
Category: Economics and Finance

[168] viXra:1712.0661 [pdf] submitted on 2017-12-29 23:57:59

A Look Through Globalism in Japan and South Korea

Authors: Seungmin Song
Comments: 17 Pages. This paper was written for self-satisfactory purpose, not for a specific project.

For South Korea, globalization started to take a significant role after the end of Korean war. Even though there are records of international trade during the “Koryo” period and a process of Westernization with the impact of Japan’s Globalization during the Japanese Occupation, it was nearly resetted by the devastating effects of the War. As South Korea required a big shift after massive destruction during the war, the country started planning on earning international monetary in order to develop economically. Globalization of the country was the fundamental process for Korea’s fast development in the past 50 years. Japan, on the other hand, had a more gradual process through globalism. The first trade between Japan and Western countries took place in 1543, where they shared religion, economic styles, and their products. With no major barrier against the process of globalization like Korea, they have developed through a considerable amount of time with globalism that they were able to secure their own cultures without altering it with a dramatic drift through globalization. Japan also have a history for showing dominant nationalism through the event of World War 2. With its emphasis in strict nationalism impacted the way they developed their own globalization in their country.
Category: Economics and Finance

[167] viXra:1712.0466 [pdf] submitted on 2017-12-15 23:44:57

Harvard Q-Guide Predictions Market

Authors: Luis Perez, Haotian Wu
Comments: 14 Pages.

Given the announcement by Harvard College to stop publishing difficulty rating for courses \cite{crimson}, a need has arisen for alternative methods of information gathering among undergraduates. In this paper, we propose different prediction market mechanisms, detailing user input/output, contract definitions, and payment rules for each of the proposed mechanisms. The goal of each mechanism is to obtain accurate predictions that could replace Q-guide data (overall course quality, difficulty rating, and workload rating). We further discuss properties of each prediction market, such as the truthfulness incentives of for individual agents, individual agent's optimal policies, and expected results from each market. We conclude with a discussion and explanation of a simple toy implementation of the market, detailing design consideration that might affect user behaviour in our market, and laying the groundwork for future expansion and testing.
Category: Economics and Finance

[166] viXra:1712.0361 [pdf] submitted on 2017-12-08 07:20:28

Economic Sociodynamics: Criticism

Authors: Arsen A. Movsesyan
Comments: 13 Pages.

The article provides a solution to the problem of classification of the Social Sciences, and briefly tells about the newly discovered fundamental Laws of Sociodynamics, which are the driving force of the historic progress. The author, based on these laws, holds constructive criticism of the Concept of Economic Sociodynamics (CES) proposed by R. S. Greenberg and A. J. Rubinstein. The corresponding analysis bears interdisciplinary nature at the junction of sciences such as Sociodynamics, Psychology and Physics. The article reasonably shows the fallacy of the foundation of CES and its potential danger. The author in doing so was basing on the objective Laws of Nature and not on the subjective judgments.
Category: Economics and Finance

[165] viXra:1711.0427 [pdf] submitted on 2017-11-27 07:23:30

Rational Principles of Economics and Their Applications: A Legacy from Science

Authors: Gaurav Biraris
Comments: 25 Pages.

New approach to study economies is adopted in the paper. The change in prices is assumed solely by variation in demands or supplies. Cause of such variations is quantified. Efforts behind changes in demand, supply and prices are characterized as ‘potential’. The potential stems from different kind of resources and is utilized for trade or production; quantification of such utilization is done. We also have explored rules about flow of potential in economy. The laws can be used to study evolution of economies. A set of goods & services, population and initial prices can be considered as the economy for study. In addition to conventional parameters, we get a new state determining parameter for economy defined as ecomperature. Ecomperature mimics temperature from physics. Resources flow from sections of higher ecomperature to that of lower ecomperature to attain uniformity in ecomperatures. Some aspects of possible applications of the theory are discussed. The paper isn’t about interdisciplinary analogies or similarities, but it is about the foundative reasoning behind the scientific mechanisms.
Category: Economics and Finance

[164] viXra:1711.0385 [pdf] submitted on 2017-11-21 15:40:20

Waiting for John Maynard Keynes

Authors: Miguel A. Sanchez-Rey
Comments: 6 Pages.

Keynes and the internationalist model.
Category: Economics and Finance

[163] viXra:1710.0199 [pdf] submitted on 2017-10-15 14:47:30

Salary Fluctuation Theory

Authors: Chuanli Chen
Comments: 11 Pages.

In this paper, based on my previous price theory, I will put forward my own labor market price determination theory, I will discuss the determination of price under different situations.
Category: Economics and Finance

[162] viXra:1710.0195 [pdf] submitted on 2017-10-16 01:23:27

Interest Theory

Authors: Chuanli Chen
Comments: 15 Pages.

In this paper I will put forward my own interest theory. I will discuss the factors that could influence the real interest rate. I will discuss the relationship between the interest, money supply and money demand.
Category: Economics and Finance

[161] viXra:1710.0114 [pdf] submitted on 2017-10-11 05:15:07

The 'Babylonian' Accounts of Society

Authors: Stephen I. Ternyik
Comments: 1 Page.

The accounts of society reviewed.
Category: Economics and Finance

[160] viXra:1710.0068 [pdf] submitted on 2017-10-06 10:06:17

The Determination Theory of Supply and Demand

Authors: Chuanli Chen
Comments: 5 Pages.

Whether the supply creates its own demand or the demand determines the supply has been a debate for one hundred years. In this paper, I will write my own perspective. I will analyze how the demand and supply interact with each other.
Category: Economics and Finance

[159] viXra:1710.0063 [pdf] submitted on 2017-10-05 06:49:29

Avaliação de Glebas

Authors: Alfredo Dimas Moreira Garcia
Comments: 22 Pages. Areas Value Update of the excellent work of Eng. Hélio de Caires including the Vantage of the thing done (Vcf) and corrections due to the current legislation

Avaliação de Glebas Atualização do excelente trabalho do Eng. Hélio de Caires incluindo a Vantagem da coisa feita (Vcf) e correções devido à legislação atual
Category: Economics and Finance

[158] viXra:1708.0339 [pdf] submitted on 2017-08-24 23:00:16

木币:一种为长寿命和稳定性而建立的点对点电子货币

Authors: Funkenstein the Dwarf, Difei Zhang
Comments: Pages.

我们在这里概述木币的设计考虑和实施,特别是与其他加密货币相区别的 部分。木币是一种非常像比特币的加密货币。然而,比特币的设计是明确地将 一种不可再生资源(黄金)做成了模型。对于木币,我们更加密切地将可持续 资源做成模型。特别是木币可以避免比特币释放模型中时间的不对称性,最大 限度地激励货币的参与和延长货币的使用寿命。我们的解决方案能使货币供应 量成对数增长。此外,我们概述了在核心协议中两个其他更改后的设计考虑: 使用Skein哈希函数进行挖掘,并利用椭圆曲线数字签名算法(ECDSA)的 X9_prime256v1曲线来确保数字所有权
Category: Economics and Finance

[157] viXra:1707.0354 [pdf] submitted on 2017-07-27 00:56:30

Economic Crisis from Another Perspective

Authors: Chuanli Chen
Comments: 7 Pages.

In this paper, I will mainly discuss about the economic crisis from another view, the view from flow of money.
Category: Economics and Finance

[156] viXra:1707.0133 [pdf] submitted on 2017-07-09 16:28:40

Money Whirling Flow and Keynesian

Authors: Chuanli Chen
Comments: 8 Pages.

In this paper, I will make use of the Keynes theory to describe the money flow in the free market. I will build a new model based on the Keynes’ model. Then I will use the model to explain how the stagnation occur.
Category: Economics and Finance

[155] viXra:1707.0132 [pdf] submitted on 2017-07-09 16:29:33

The Economic Crisis Model Under Whirling Flow of Money

Authors: Chuanli Chen
Comments: 6 Pages.

In this paper, I will briefly discuss about the formation of an economic crisis during the movement of free market. I will describe the whole process in a simple way. To make things more easy to understand, I won’t use any math models, which will only make the process more complex.
Category: Economics and Finance

[154] viXra:1705.0364 [pdf] submitted on 2017-05-25 10:44:59

Price Uncertainty Principle

Authors: Chuanli Chen
Comments: 13 Pages.

In modern economy science, there are many theories that discuss the equilibrium. This convention was originally come from two famous economists Walras and Afred Marshall. Walras firstly finished the general equilibrium theory in 1874 in the book the mere economics to iustice. While Afred Marshall put forward the partial equilibrium in 1920. However, by observance, there was never the evidence for the existence of equilibrium. In this paper, I will put forward a new theory, which is named Price Uncertainty Principle. I will point out the flaws of these two equilibrium theories and discuss why the price mechanism is not the invisible hand, then further discuss why partial equilibrium and general equilibrium are not existent. I will prove that there is no equilibrium point for the price and prices are always fluctuant in the market.
Category: Economics and Finance

[153] viXra:1705.0162 [pdf] submitted on 2017-05-09 21:10:38

Market Whirling Theory

Authors: Chuanli Chen
Comments: 29 Pages.

In modern world there are many theories which explain the economy crisis and economy cyclical changes, however, most of them are not so perfect to explain many phenomenon happened in the history. In this paper, I will put forward a new theory and model that can explain the economy crisis and economy cyclical changes as well as giving policies on how to avoid economy crisis. My paper will analyze the direction of currency flow in the free market and explain why the market is whirling all the time. It will also discuss the relation between money flow speed and GDP, explaining why accelerating the speed of money flow in the market can make a country rich.
Category: Economics and Finance

[152] viXra:1705.0089 [pdf] submitted on 2017-05-03 23:00:35

Quantum Political Economics

Authors: Erman ZENG
Comments: 12 Pages.

The mathematical characterization of “the Productive Force” of a macro economic system is based on Newtonian mechanics and quantum physics, which is expressed as the product of the growth rate of the profit rate (p) and the surplus value (M), showing several quantum qualities similar to the photon. The one-dimensional linear harmonic oscillator model can correlate the angular frequency with the change rate of the rate of profit thus with the economic growth rate, resulting to the quantum-like interpretation of various business cycles. The matrix mechanics analysis of the Leontief input-output table gives the Schrodinger-like value-price transformation eigen-function, with the reduced organic composite of capital as the eigenvalue of the price wave function, leading to the "two Cambridge controversy" resolved.
Category: Economics and Finance

[151] viXra:1704.0297 [pdf] submitted on 2017-04-22 23:07:54

Smart Wheelchair

Authors: Amit singh, Ravi Kumar Gupta, Aishwarya rajak, Harish Chand Pal
Comments: 5 Pages.

Automatic wheelchair for disabled person
Category: Economics and Finance

[150] viXra:1704.0126 [pdf] submitted on 2017-04-11 02:59:06

Quantum Mechanics, Information and Knowledge, All Aspects of Fractal Geometry and Revealed in an Understanding of Marginal Economics.

Authors: Blair D. Macdonald
Comments: 56 Pages.

Fractal geometry is found universally and is said to be one of the best descriptions of our reality – from clouds and trees, to market price behaviour. As a fractal structure emerges – the repeating of a simple rule – it appears to share direct properties familiar to classical economics, including production, consumption, and equilibrium. This paper was an investigation into whether the mathematical principles behind ‘the market’ – known as marginalism – is an aspect or manifestation of a fractal geometry or attractor. Total and marginal areas (assumed to stand for utility) and the cost of production were graphed as the fractal grew and compared to a classical interpretation of diminishing marginal utility theory, and the market supply and demand. PED and PES was also calculated and analysed with respect to (iteration) time and decay. It was found the fractal attractor demonstrates properties and best models classical economic theory and from this it was deduced the market is a fractal attractor phenomenon where all properties are inextricably linked. The fractal, at equilibrium, appears to be a convergent – zeta function – series, able to be described by Fourier analysis, and involves Pi, i, e, 0, and 1 (of Euler’s identity) in one model. It also demonstrated growth, development, evolution and Say’s Law – production before consumption. Insights from the fractal on knowledge and knowing are also revealed, with implications on the question of what exactly is ‘science’ – and what is ‘art’? A connect between reality and quantum mechanics was identified. It was concluded marginal, classical economics is an aspect of a universal fractal geometry.
Category: Economics and Finance

[149] viXra:1703.0201 [pdf] submitted on 2017-03-20 14:27:14

Naive Risk Parity Portfolio with Fractal Estimation of Volatility

Authors: Sergey Kamenshchikov, Ilya Drozdov
Comments: 5 Pages.

A fractal approach to long-only portfolio optimization is proposed. The quantitative system is based on naive risk parity approach. The core of the optimization scheme is a fractal distribution of returns, applied to estimation of the volatility law. Out-of-sample performance data has been represented in ten period of observation with half year and one year horizons. Implementation of fractal estimator of volatility improves all performance metrics of portfolio in comparison to the standard estimator of volatility. The efficiency of fractal estimator plays a significant protective role for the periods of market abnormal volatility and drawdowns, which allows beating the market in the long term perspective. The provided results may be useful for a wide range of quantitative investors, including hedge funds, rob-advisors and retail investors.
Category: Economics and Finance

[148] viXra:1702.0174 [pdf] submitted on 2017-02-14 19:23:54

From Labor Theory of Value to Price EigenFunction ---Microfoundation of General Equilibrium

Authors: Erman ZENG
Comments: 12 Pages.

The quantitative Marxian function system is developed on the basis of the labor theory of value as the micro foundation resulting labour value function, surplus value function, Marx production function. The heterogeneous capital aggregation problem is overcome by value transformation analysis of Leontief intermediate input coefficient matrix leading to production price eigenvectors and Marx-Sraffa-Leontief General Equilibrium eigenvalues thus the details about an economic system such as the reduced organic composite of capital, the rate of profit, the surplus rate of value, the elasticity of capital output. The falling tendency of the rate of profit may not be true if the economy undergoes a general equilibrium.
Category: Economics and Finance

[147] viXra:1702.0056 [pdf] submitted on 2017-02-03 17:50:53

8 Point Executive Summary: Math Stagnations and the Economic Impacts of Mmu1 to End the Math Poverty Multiple Times Faster with Mmu1 Than Without it (Then to Achieve the Post-2015 Goals of the un Multiple Time Faster Than Without Mmu1)

Authors: Dongchan Lee
Comments: 8 Pages. version 6 from February 3, 2017

Highlight summary and solutions by Dongchan Lee with MMU1 for the developed or Latin countries. 1)There have been ongoing math education collapses or stagnations in most English-speaking and Latin American countries. (To see is to believe.) So I provided some data from PISA 2000-2015 and TIMSS 1995-2015 (as these two are basically the Olympics and the World Cup of the largest, international education assessments) as they are standardized & normalized. 2)According to these data of the past 20 years, which is more than enough to show the math EDU stagnations, the chances for the rapid improvements for the next 10-20 years are extremely slim no matter what the MOEs or DOEs of these countries try as these countries have spent normally 5-7% of GDP annually for education and still increasing the costs. 3)In almost all English-speaking or Latin American countries, their gains have been lopsided for the Reading skills much higher than the Math skills, especially compared to the EDU and economic power houses of 5-7 Eastern Asian countries. This has the significant economic impacts. This alone has ½-2/3 of the impacts of the EDU as a whole. 4)Education costs lost for no progress for 15-20 years is on par with the national debt size: 6% of GDP per year x 20 years ~ 120% of the annual real GDP cumulatively (for almost all the English-speaking nations, e.g. the U.S.A.) ~ is on par with the sovereign debts of these nations, and the lost costs will continue increasing over the next 10-20 years and beyond. 5)Even in just 10-15 years alone, after reducing math poverty in 2-4 years with MMU1, the surplus gains are larger than the entire annual national education cost (about 5-6% of GDP). 6)Lee’s mantra: to end the math poverty is to end the poverty: in most OECD nations, math poverty is about 20-30% of the student population. In most Latin America, 50-90% of the student population have the math poverty. They mean the lost economy of dozens of times of the current real GDP (per capita) of almost all OECD (more for Latin American countries).
Category: Economics and Finance

[146] viXra:1701.0485 [pdf] submitted on 2017-01-13 17:18:21

[preliminary by Dongchan Lee] What Pisa Timss 2015 Show_global Math Edu Crisis and Its Economic Impacts

Authors: Dongchan Lee
Comments: 54 Pages. 1st draft in PPT based pdf form

The recent releases of the PISA 2015 and TIMSS 2015 math results showed clearly that most of the developed countries are in math EDU growths in stagnations or collapses. Lee demonstrated the overall math score history of both TIMSS and PISA 1995-2015 for 15-20 years and what the stagnations mean for the future economies of these nations and what are the concrete alternatives to overcome the past 1-2 decades' of the math education stagnations.
Category: Economics and Finance

[145] viXra:1701.0470 [pdf] submitted on 2017-01-11 17:54:52

Why the Top 5-6 Original Oil Richest Arab Countries as Well as Some Fast Moving Coginitive Skill Nations Should be Treated as Outliers in the Regression Analyses for the Relationships Between the Economic Growths Vs. the Cognitive Skills

Authors: Dongchan Lee
Comments: 9 Pages. 1st draft

In this short paper, I demonstrated that why the top 5-6 original oil richest countries need to be excluded from most of the socio-economic vs. cognitive skill regressions because they will remain as outliers far too much out to the otherwise very reliable and stable regression growth coefficients and explanation powers of the models involved. I included some simple linear regression charts where they are far out in North West corners of the regression lines; their GDP per capita had reached the top tier of the world by the 70s already with the minimal cognitive skills and education inputs; I provided their relative economic strength compared to the economic miracle powers from the Eastern Asia: 4 Asian Tigers and China so that you can see their super rapid rises were all due to their oil-based economies; their top 6 shares of the Natural Resource rents as percent of capita over the past 40 years. I believe that these 4 key factors may allow anyone serious about any serious regressions that involve the socio-economic regressions to exclude these 5-6 countries in their analysis. Finally I made a brief comment about the polar opposite to these countries with the poor economy with the rapid gains of the cognitive skills.
Category: Economics and Finance

[144] viXra:1701.0298 [pdf] submitted on 2017-01-06 02:06:16

Introducing Marx General Equilibrium Economics

Authors: Erman ZENG
Comments: 44 Pages.

This research attempts to place the formal Sraffian model with linear production sets into a general equilibrium framework and to derive a quantitative transformation theorem about Marxian theory of labor value and production price. Marxian reproduction solution established a dynamic general economic equilibrium, which can be characterized by input-output ratio, namely, the reduced Organic Composite of Capital divided by the total productivity rate. The labor value thus the value rate of profit (ROP) can be determined from the production price by the use of the input-output matrix analysis. The increased value ROP and the decreased price ROP of USA around 2006/2007 revealed that there was an OCC reduction. Under the framework of the dynamic Marxian general equilibrium, it is possible to undergo an optimal planning about an economic system by the regulation of the government input, entrepreneur taxation, and minimal wage rate. In the first part of this paper, a neoclassical framework is proposed which places the Marxian conceptions of both Constant Capital and Variable Capital into a Cobb-Douglas production function like model in order to obtain the mathematical formulations of Marx labour value functionand Marx surplus value function as well as Marx production function, which leads to the Marxian 1st theorem about technical progress:. In the second part, the general equilibrium properties of the quantitative Marxian productivity theories are investigated by using variation method. The Marxian 2nd theorem about dynamic equilibrium asserts, there is a input-output equilibrium existed in the reproduction process between Two Departments; The Marxian 3rd theorem states that only equilibrium growth leads to the positive value of the productivity parameter which is defined as the product of the change rate of the organic composite of capital with the labor output elasticity of Cobb-Douglas production function[], as well as the rising rate of profit. The present paper is also a generalization of the precise conditions under which the profit rate rises or falls. Only when an economic system achieves the Marxian equilibrium including its each production Department, there would be no business cycle; otherwise there exists some potential crisis. At last, an econo-sociological Marxism model is proposed as a criterion for a regional optimal economic growth.
Category: Economics and Finance

[143] viXra:1612.0165 [pdf] submitted on 2016-12-09 09:24:25

Fractal Optimization of Market Neutral Portfolio

Authors: Sergey Kamenshchikov, Ilia Drozdov
Comments: 7 Pages. Accepted in Quantitative Finance

A fractal approach to the long-short portfolio optimization is proposed. The algorithmic system based on the composition of market-neutral spreads into a single entity has been considered. The core of the optimization scheme is a fractal walk model of returns, modifying a risk aversion according to the investment horizon. The covariance matrix of spread returns has been used for the optimization and modified according to the Hurst stability analysis. Out-of-sample performance data has been represented for the space of exchange traded funds in five period time period of observation. The considered portfolio system has turned out to be statistically more stable than a passive investment into benchmark with higher risk adjusted cumulated return.
Category: Economics and Finance

[142] viXra:1611.0262 [pdf] submitted on 2016-11-17 16:01:10

Game of Tradeoffs: Beyond Imaginary Games, Bargaining in General, and Games with Games

Authors: Arthur Shevenyonov
Comments: 5 Pages. generalized games

The proposed approach generalizes beyond the no cooperative versus cooperative game dichotomy
Category: Economics and Finance

[141] viXra:1611.0242 [pdf] submitted on 2016-11-16 09:54:08

Emerging Asset Networks: A Model of Comovement

Authors: Arthur Shevenyonov
Comments: 40 Pages. be the judge of it

An unabridged and original version of the preceding summary.
Category: Economics and Finance

[140] viXra:1611.0236 [pdf] submitted on 2016-11-15 13:03:45

Implied Intra-Industry Trade in Information: Modified Expositions

Authors: Arthur Shevenyonov
Comments: 4 Pages. new microfoundations

Trade in information is inherently implicit--more so for intra-industry setups giving rise to modified HOS as well as to ordual underpinning, aside from hands-on applications.
Category: Economics and Finance

[139] viXra:1611.0234 [pdf] submitted on 2016-11-15 14:21:08

[Emerging] Asset Networks: A Microfoundations Model of Comovement

Authors: Arthur Shevenyonov
Comments: 13 Pages. new microfoundations

The present theoretical framework capture comovement beyond Shleifer & Barberis (2003) while bridging in an early effort areas as diverse as, Strategic Rationality, Ordinalcy, and Residuality.
Category: Economics and Finance

[138] viXra:1611.0204 [pdf] submitted on 2016-11-13 08:57:49

Game of Trade: A Portfolio Approach to Theorizing on Trade & Investment as Entangled Domains

Authors: Arthur Shevenyonov
Comments: 5 Pages. new micro- & int'l economics foundations

A new trade theory or social-planning paradigm is proposed merging portfolio- and game-theoretic accounts.
Category: Economics and Finance

[137] viXra:1611.0114 [pdf] submitted on 2016-11-09 04:55:11

An Early Contribution to Vector Maximisation of De Finetti

Authors: Ate Nieuwenhuis
Comments: 9 Pages. 5 color figures

An achievement of De Finetti for which he has received little recognition thus far is his contribution to the field of vector maximisation in two articles published in 1937, Problemi di "optimum" and Problemi di "optimum" vincolato. The speech will put his contribution in historical perspective and will discuss its importance for economic theory.
Category: Economics and Finance

[136] viXra:1610.0080 [pdf] submitted on 2016-10-07 02:10:44

Where Has All the Surplus Gone?

Authors: Stephen I. Ternyik
Comments: 1 Page.

The dissapearance of gained surplus value into economic rent is analyzed.
Category: Economics and Finance

[135] viXra:1608.0400 [pdf] submitted on 2016-08-29 10:48:36

Sentiment Analysis of Twitter Data and the Efficient Market Hypothesis

Authors: Alexandre Bénétreau
Comments: -The thesis is in English, apart from the title page which contains bits of French (it is a thesis defended at a French uni).-Pages: 27. -Licence: This thesis is licensed under a Creative Commons Attribution 4.0 International Public License.

This thesis discusses the claim of 16 computational finance articles according to which it is possible to predict the stock market using sentiment analysis of social media data. The purpose of this paper is to investigate whether this is indeed true or not. In economic theory, the efficient market hypothesis states that markets are not predictable, that they follow a random walk and that irrational behaviour cancels out in the aggregate. However, behavioural economics research shows that investors are in fact subject to predictable biases which affect the markets. This study uses data from the WeFeel project that analyses tweets in English to infer social mood on a world scale. It also uses data from the Wilshire 5000 index from June 2014 to March 2015. The hypothesis is that changes in aggregate mood arousal mediate stock market fluctuations. Yet linear regression shows that there is no relation between emotional arousal and the stock market, nor between primary emotions and the stock market. Hence, the conclusion is that global social sentiment as derived from social media has no relation with stock market fluctuations. Further research may better focus on social media specialised in the stock markets, such a finance micro-blogging data. Keywords: sentiment analysis, efficient market hypothesis, social networks, computational finance, behavioural finance, stock market, emotion recognition, stock market prediction, social sentiment, behavioural economics
Category: Economics and Finance

[134] viXra:1607.0494 [pdf] submitted on 2016-07-26 23:08:17

Consideration of a Possible Self-Regulating Algorithm for Fiscal Appraisal of Private Property

Authors: Nikolay Kazak
Comments: 4 Pages.

With the advent of significant property taxation in Russia a need for accurate and timely property appraisal was realized. The paper attempts to propose a self-regulating market algorithm that would leave the freedom of assessment in the hands of the owner. Possible abuses of the algorithm and remedies are discussed at the end of the paper.
Category: Economics and Finance

[133] viXra:1607.0026 [pdf] submitted on 2016-07-02 21:20:54

Innovation and Distribution in Modelling an Inequality Trap: Availability of Data

Authors: Piero Benazzo
Comments: 27 Pages.

Growing literature assesses inequality would drag effective demand in the economy, acting as a main causation factor of the contemporary economic recession cycle. The debate would remain open because such causation would remain hidden within the current macroeconomic representation and underneath the aggregation of the available statistical data. The aim is to investigate an alternative framework intended to contribute in disentangling such hidden dynamics. This considers total factor productivity and the level of inequality as macroeconomic factors of production and demand, rather than capital and labour. The analysis discusses an inequality trap and availability of statistical data appropriate to the modelling proposed. This would provide considerations for extracting inequality data conform to the modelling and show finding certain data for such equations is challenging.
Category: Economics and Finance

[132] viXra:1607.0024 [pdf] submitted on 2016-07-02 03:56:33

Quantitative Labor Theory of Value

Authors: Erman ZENG
Comments: 12 Pages.

This research attempts to place the formal Sraffian model with linear production sets into a general equilibrium framework and to derive a quantitative transformation theorem about Marxian theory of labor value and production price. Marxian reproduction solution established a dynamic general economic equilibrium, which can be characterized by input-(total) output ratio, namely, the reduced Organic Composite of Capital divided by the total productivity rate. The labor value thus the value rate of profit (ROP) can be determined from the production price by the use of the input-output matrix analysis. The increased value ROP and the decreased price ROP of USA around 2006/2007 revealed that there was an OCC reduction. Under the framework of the dynamic Marxian general equilibrium, it is possible to undergo an optimal planning about an economic system by the regulation of the government input, entrepreneur taxation, and minimal wage rate.
Category: Economics and Finance

[131] viXra:1607.0009 [pdf] submitted on 2016-07-01 12:58:35

Woodcoin: Una Moneda Electrónica Descentralizada Construida Para Ser Viable Y Estable

Authors: Funkenstein the Dwarf
Comments: 5 Pages. thanks!

Presentamos aquí las consideraciones e implementaciones de diseño del woodcoin, en concreto aquellas que la diferencias de otras cripto-monedas. El woodcoin es una cripto-moneda muy similar al Bitcoin. Sin embargo el modelo en el que se basa el bitcoin es el de un recurso no renovable como el oro. Para el Woodcoin hemos elegido un modelo más sostenible. Concretamente el woodcoin evita las asimetrías del modelo de emisión del bitcoin, maximizando el incentivo para participar y la longevidad al mismo tiempo. Además hemos añadido otros dos cambios al código del núcleo: minado con la función hash skein y la propiedad digital asegurada con la curva X9_prime256v1 usando ECDSA.
Category: Economics and Finance

[130] viXra:1605.0166 [pdf] submitted on 2016-05-14 17:46:41

On Certain Aspects of American Economics Relevant to 2016

Authors: Jonathan Tooker
Comments: 19 Pages.

This paper seeks to shine a light on some glaring economic problems of contemporary society. Too often economic issues are framed in the context of moral wedges that divide people. Here we select issues for discussion that likely can be solved and do not strictly require the resolution of any difficult moral quandaries. We show that certain popular debates are not so interesting because sufficient evidence exists to identify the relevant premises as true and false. We suggest an economic program based in part on hypothetical new energy resources that should guide the United States and the Earth's other national states towards a more equitable valley in the space of all economic configurations. This paper is intended to be persuasive and not purely expository.
Category: Economics and Finance

[129] viXra:1604.0368 [pdf] submitted on 2016-04-28 08:38:28

Financial Development for Economic Growth in Nigeria

Authors: Uyiosa Omoregie
Comments: 14 Pages.

A country’s financial system facilitates economic growth by ensuring that funds are available when and where they are required. The provision of alternative financing windows available to operators in the real sector is dependent on the structure of the financial system is place. The Government can ensure (through polices put forward) that transparency and fairness is the norm in the financial sector, this will go a long way towards sustainable economic growth in Nigeria. The financial sector that creates sustainable economic growth must be resilient and strong, with institutional development as a priority, this sector must facilitate fund mobilization for the low-income people to increase and stabilize their income and assets. An investment-friendly interest rate regime (single digit) is a pre-requisite to economic growth in Nigeria, because it would encourage lower costs of borrowing and credit expansion. Tax incentives policies must be maintained to encourage large-scale investment in the economy.
Category: Economics and Finance

[128] viXra:1604.0246 [pdf] submitted on 2016-04-15 16:02:15

Sdru and Technology Analysis and Forecasting on the Basis of the 3D Maps of the Probability of Future Transactions. (Ru)

Authors: A.Antipin
Comments: 13 Pages.

SdRu и технология анализа и прогнозирования на основе 3D Карт вероятности будущих сделок. А.Антипинrelief-ds@mail.ru Данная статья является непосредственным продолжением статьи [2]. В этой статье мы рассматриваем вопрос о представлении информации с помощью величины SdRu (нетто разницы вложений в покупку/ продажу) в виде 3D Карт условной вероятности будущих сделок. Рассматривается их связь с аналогичными 3D Картами для цены R (описанными в [1]), а также общие принципы использования Карт для анализа и прогнозирования. 9 рис. = = = = = = = = A.Antipinrelief-ds@mail.ru Abstract This article is a direct continuation of the article [2]. In this article we consider the question of providing information using the SdRu value (net difference of investments purchase/ sale) in the form of 3D Maps of conditional probability of future transactions. Discusses their relation to similar 3D Maps for the prices R (described in [1]), as well as General principles of using Maps for analysis and forecasting. 9 fig.
Category: Economics and Finance

[127] viXra:1603.0315 [pdf] submitted on 2016-03-21 15:01:22

The Immediate Cause of Price Changes of the Shares on the Stock Market. (Ru)

Authors: A.Antipin
Comments: 14 Pages. НА РУССКОМ ЯЗЫКЕ. IN THE RUSSIAN LANGUAGE.

НА РУССКОМ ЯЗЫКЕ. IN THE RUSSIAN LANGUAGE. In this article, the author intended to demonstrate and reinforce the facts conclusion that the immediate cause of Price movements in the stock market is the change in the magnitude SdRu - a net difference of amounts of purchases and sales of shares at a given moment of time. --------------------------------------- В данной статье, автор ставит своей задачей продемонстрировать и подкрепить фактами вывод о том, что непосредственной причиной движения цен на биржевом рынке акций, является изменение величины SdRu - нетто разницы сумм покупок и продаж актива в рассматриваемый момент времени.
Category: Economics and Finance

[126] viXra:1602.0295 [pdf] submitted on 2016-02-23 04:41:01

Sustainable Economic Development Through Environmental Management Systems Implementation

Authors: Mădălina Giorgiana Mangra, Elena Antoanela Cotoc, Aurelia Trăistaru
Comments: 14 Pages.

Environmental Management protects valuable environmental assets, manages local areas on the most suitable way and develops relationships between people and the natural environment. Organizations are increasingly concerned to achieve and demonstrate environmental performance, controlling their activities, products or services on the environment. These issues are enrolled in the legislation context more and more stringent, of the development of economic policies and other measures designed to encourage environmental protection, increase business concern on environmental issues, including sustainable economic development. Thus, the complex systems of the integrated management (environmental, quality, security, energy) provide the circumstance for continuous improvement of industrial performance, including product quality and prevention and reducing environmental pollution. EMS implementation requires a thorough regard of some phases (stages) characteristic of the environmental analysis performed by an organization. The 19 stages of EMS implementation outline the steps that the organization follows to develop an effective environmental policy.
Category: Economics and Finance

[125] viXra:1602.0178 [pdf] submitted on 2016-02-15 12:23:52

Economics Crisis Loop. Redemption

Authors: Antip Poletaev
Comments: 5 Pages.

For those who are still in "tanks" we summarize the way of Redemption from Economics Crisis Loop.
Category: Economics and Finance

[124] viXra:1602.0173 [pdf] submitted on 2016-02-14 17:11:37

On Chumponomics

Authors: Funkenstein the Dwarf
Comments: 5 Pages. Previously published on frass.woodcoin.org

This article began with the title "Fiat economics". This however seemed like too much of an oxymoron to leave in place. "Fiat dynamics" was briefly the title as well. The subject is the diffusion of monetary tokens amongst participants in a monetary system. For etymology of the title see [1,2]. Here we derive fundamental equations for a diffusive monetary system but are stopped short of further progress or conclusions due to the nature of the monetary system in question.
Category: Economics and Finance

[123] viXra:1602.0172 [pdf] submitted on 2016-02-14 17:26:39

Woodcoin: Eine Elektronische Peer-to-Peer-Währung, Erschaffen Für Stabilität Und Langlebigkeit

Authors: Funkenstein the Dwarf, Kilian Kunst
Comments: 5 Pages. thank you!

Wir beschreiben hier die Überlegungen zum Design von Woodcoin, sowie dessen Implementierung, mit Fokus auf den Eigenschaften, welche Woodcoin von anderen Kryptowährungen abgrenzen. Ähnlich wie Bitcoin ist Woodcoin eine Kryptowährung. Jedoch ist Bitcoin so entworfen, dass es einer nicht erneuerbaren Ressource gleicht: Gold. Woodcoin hingegen gleicht eher einer nachhaltigen Ressource. Insbesondere verhindert Woodcoin zeitliche Asymmetrien welche bei Bitcoin durch seinen Schöpfungsmechanismus auftreten. Dadurch wird ein Anreiz zur Partizipation, geschaffen, sowie die Langlebigkeit von Woodcoin gewährleistet. Unsere Lösung basiert auf einem logarithmischen Wachstum der Geldmenge. Zusätzlich skizzieren wir die Gestaltungsüberlegungen hinter den beiden anderen Änderungen des Kernprotokolls: Mining mit der Skein-Hash-Funktion, sowie die Absicherung von digitalem Besitz mithilfe der X9_prime256v1 Kurve durch ECDSA.
Category: Economics and Finance

[122] viXra:1602.0125 [pdf] submitted on 2016-02-10 13:32:50

Building Information Society

Authors: Ivan Gudkov
Comments: 4 Pages.

We give the explanation how modern economics works in the reality. It is a circular economics that is rotating counter clock-wise direction pumping money-goods in order to squeeze more money. It is rotating because there is a delta in information known to someone who rotates it.
Category: Economics and Finance

[121] viXra:1602.0101 [pdf] submitted on 2016-02-09 02:55:37

Economical Crisis. Black and White Holes Approach

Authors: Nikolaj Sporysh
Comments: 3 Pages.

This paper shows another way in analyzing economical crisis utilizing existing theory from physics. The economics consists of number of players (people), environment (media, personal contacts, resources, money, land and etc) and some mechanisms (government, business, organizations and etc). Black hole is a player or mechanism that consumes more energy than gives and smashes players by increasing the environmental pressure P. White hole is a player or mechanism that gives more energy than consumes and never smashes any player. We prove that any Computer Company is a Black hole. We show why Economical crisis exists – there are Black holes and the number of rules in any organization grows.
Category: Economics and Finance

[120] viXra:1601.0131 [pdf] submitted on 2016-01-12 21:46:39

A Signals and Systems Based Study of the Share Data of Ibm and Identification of Patterns Corresponding to Remuneration Policy Changes

Authors: Sai Venkatesh Balasubramanian
Comments: 106 Pages.

Globalization, international trade and technology development have largely increased the complexity of management of large organizations such as IBM. As IBM faces a major restructuring phase in early 2014, a clear shift of paradigm is essential to frame policies and management decisions more effectively. This is when contemporary management theories such as systems theories and chaos theories lend a helping hand. They provide concepts and visualizations that can be effectively used for the modeling and understanding of the complexity, growth and dynamic evolution of such large organizations. The present project purports to the formulation of an effective analysis methodology based in systems theory and chaos theory that will help the management make effective and informed decisions. As a starting step, the basic concepts of signals and systems are reviewed, and special attention is devoted to special systems such as chaotic systems. Following this, a signals and systems based model of a large organization such as IBM is proposed. This model takes into account the primary source of assets, the primary source of revenue and finance, and the interrelations between them. Using this model as a platform, the formulation of an analysis method is attempted. To this end, a thorough study of the various standards and metrics used in systems theory and chaos theory are considered. Based on this an analysis method is formulated. This analysis method enables analyzing the output signal such as the share revenue data and understanding the patterns and trends occurring therein. The analysis formulation comprises of three categories: 1. Temporal Analysis: Time Series, Phase Portrait and Multiscale Analysis. 2. Spectral Analysis: Magnitude Spectrum, Polar Plot and Spatial Distribution. 3. Nonlinear Analysis: Lyapunov Exponent, Fractal Dimension and Kolmogorov Entropy. To evaluate and validate the analysis methodology formulated, four case studies are considered, These case studies correspond to significant events in the recent policy making history of IBM. The case studies are as follows: 1. Acquisition of Cognos BI in 2007. 2. Announcement of hikes of around 20% in IBM India in 2011. 3. Layoffs and Global Restructuring Program, Q1 2014. 4. Declaration of Dividends, 2013. For each of the above cases, two suitable timeframes are selected: one before the event and one after. For both timeframes, the formulated analysis is conducted. The analysis results are mapped with the decisions and policies in each case, and suitable interpretations are obtained. These interpretations indicate how the share market responded to the decisions and declarations. Based on the analysis formulation and the case studies, the major inferences and the contributions of the analysis to the company management process are enumerated. The project enables the application of the contemporary systems and chaos theory to modeling an organization using the signals and systems approach, and formulation of analysis techniques to identify patterns and market response trends to company decisions and declarations. The minimal requirement of data and tools required for the analysis proposed form the major highlight of the present project. Thus, the present project is a testimony to the phrase “Transformation through Information”.
Category: Economics and Finance

[119] viXra:1601.0065 [pdf] submitted on 2016-01-07 12:02:09

Why Economical Crisis Never Ends?

Authors: Janis Belov
Comments: 1 Page.

We prove that World economical crisis never ends.
Category: Economics and Finance

[118] viXra:1601.0064 [pdf] submitted on 2016-01-07 12:05:18

Economics and Random Walks

Authors: Janis Belov
Comments: 2 Pages.

We show how random waalks can be used in economics and how to erase the closed circle of economical crisis.
Category: Economics and Finance

[117] viXra:1601.0063 [pdf] submitted on 2016-01-07 12:09:15

Unemployment, Innovations and Wealth

Authors: Janis Belov
Comments: 3 Pages.

We show that over time innovation abilities are flattened resulting in raise of unemployment and the distribution of world wealth to be a peak for one and zero for others.
Category: Economics and Finance

[116] viXra:1601.0062 [pdf] submitted on 2016-01-07 12:15:25

Society Egoism, Marasmus and Theory of Brownian Motion

Authors: Janis Belov
Comments: 1 Page.

Using Brownian Motion approach we show that if the egoism of one tends to infinity then the exchange in innovations tends to zero. We show that if inflexibility of a person mind tends to infinitty then the exchange in innovations tends to zero. That leads to Stagnation and eventually to Society Marasmus.
Category: Economics and Finance

[115] viXra:1601.0061 [pdf] submitted on 2016-01-07 12:18:34

Pensions, Economics Train Simulation

Authors: Janis Belov
Comments: 2 Pages.

We show that countries economics are like train that move faster and faster. Pensioners are the load (vagons). We show the way to find out when the load is cut off from the train because it is too heavy amd the train is not able to move as fast as needed.
Category: Economics and Finance

[114] viXra:1601.0060 [pdf] submitted on 2016-01-07 12:21:26

Pillow or Bank?

Authors: Janis Belov
Comments: 1 Page.

We prove that bank is Pitekantrop. Hence it is safer to put money under pillow.
Category: Economics and Finance

[113] viXra:1510.0432 [pdf] submitted on 2015-10-27 21:25:25

Nonlinear Analysis and Chaotic Characterization in Annual GDP Growth Rates of National and Supranational Entities

Authors: Sai Venkatesh Balasubramanian
Comments: 15 Pages.

The Annual Growth Rate of Gross Domestic Product of an economy is often seen as a key indicator to the economy’s growth and prosperity. In the present work, nonlinear analysis is performed on the GDP growth data of nations and supranational entities using two key tools, namely Averaged Lyapunov Exponent (ALE) and Distance Plot. The analyses ascertain the presence of chaos in the GDP growth rate data for both nations and supranational entities. Following this, some key inferences from the nonlinear analysis are presented, such as the high value of ALE obtained for fragile and conflict ridden economies, indicating the relationship between ALE and instability, the ALE analysis of BRICS nations as well as low ALE values of supranational entities such as OECD and EU. It is opined that the obtained results pave the way for unlocking a wealth of information regarding GDP growth rates ushering in a new era of ‘Smart Economics’.
Category: Economics and Finance

[112] viXra:1510.0431 [pdf] submitted on 2015-10-27 21:27:08

Behavioral Economics: What Can We Learn from the Shiva Sutras?

Authors: Sai Venkatesh Balasubramanian
Comments: 6 Pages.

Behavioral Economics, which essentially studies psychology, cognition and emotion in the context of economics, has proved that economics in the real world is not always with mathematical accuracy, predictability and clockwork precision. In an attempt to categorize the driving influences and biases underlying decisions made by people, the present article takes a leaf out of the Shiva Sutras, which essentially group the 51 Aksharas (Alphabets) of the Sanskrit language, each Akshara signifying a concept or mode of operation, into 14 categories or ‘worlds’. Essentially, the Aksharas form ‘alignments’ that drive people toward making economic and other decisions. Consequently, such a listing can be quantified using matrices and appropriate weights, thus bringing Behavioral Economics a step closer to becoming a quantifiable, deterministic study.
Category: Economics and Finance

[111] viXra:1510.0387 [pdf] submitted on 2015-10-25 08:10:04

Chaos Theory and Nonlinear Analysis for the Business Strategist

Authors: Sai Venkatesh Balasubramanian
Comments: 11 Pages.

The complex nature of the growing organization has in recent years necessitated a fundamental change towards management strategy and formation of policies. In this light, the present article focuses on the use of various tools and techniques of nonlinear analysis, including Time Series, Phase Portrait, Multiscale Analysis, Polar Plots, Largest Lyapunov Exponents, Fractal Dimension and Kolmogorov Entropy to analyze important data such as the share revenue and price, and draw conclusions to reveal key information about public sentiment and market trends. The management could potentially use this information towards effective formation of various policies such as compensation, dividend declarations and layoff operations.
Category: Economics and Finance

[110] viXra:1510.0333 [pdf] submitted on 2015-10-19 21:44:57

Introducing Marxian Productivity Development Economics

Authors: Erman ZENG
Comments: 20 Pages.

In the first part of this paper, a neoclassical framework is proposed which places the Marxian conceptions of both Constant Capital and Variable Capital into a Cobb-Douglas production function like model in order to obtain the mathematical formulations of Marx labour value function and Marx surplus value function as well as Marx production function , which leads to the Marxian 1st theorem about technical progress: . In the second part, the general equilibrium properties of the quantitative Marxian productivity theories are investigated by using variation method. The Marxian 2nd theorem about dynamic equilibrium asserts, there is a input-output equilibrium existed in the reproduction process between Two Departments ; The Marxian 3rd theorem states that only equilibrium growth leads to the positive value of the productivity parameter which is defined as the product of the change rate of the organic composite of capital with the labor output elasticity of Cobb-Douglas production function[ ], as well as the rising rate of profit. The present paper is also a generalization of the precise conditions under which the profit rate rises or falls. Only when an economic system achieves the Marxian equilibrium including its each production Department, there would be no business cycle; otherwise there exists some potential crisis. At last, an econo-sociological Marxism model is proposed as a criterion for a regional optimal economic growth.
Category: Economics and Finance

[109] viXra:1510.0007 [pdf] submitted on 2015-10-02 00:27:58

A Geonomic Reflection (Globalistics, Energetics, Geonomics)

Authors: Stephen I. Ternyik
Comments: 1 Page.

Introduction of a dynamic efficient calculation model of human economic productivity for physical sustainability (balancing human-nature-interaction).
Category: Economics and Finance

[108] viXra:1509.0095 [pdf] submitted on 2015-09-08 15:18:19

The Geonomic Point of View

Authors: Stephen I. Ternyik
Comments: 8 Pages.

The geonomic role of physical cyclicity is explained from the viewpoint of economic sustainability science.
Category: Economics and Finance

[107] viXra:1507.0189 [pdf] submitted on 2015-07-25 04:28:23

The New Economy: Initial Notes

Authors: Solo Blue
Comments: 32 Pages.

if we manage to understand the content of this document, perhaps our greatest dreams may appear very small in comparison with the world we can buid. but...are we capable of believing?
Category: Economics and Finance

[106] viXra:1507.0073 [pdf] submitted on 2015-07-11 14:23:05

Bifurcation Patterns of Market Regime Transition

Authors: Sergey Kamenshchikov
Comments: 16 Pages. This paper has been accepted in Quantitative Finance Journal

The goal of this research was applying a nonlinear approach to the detection of market regime transitions: mean reversion to momentum regimes and vice versa. It has been shown that the transition process has nonlinear scenarios: slow and fast bifurcations. Slow bifurcation assumes that control parameter is changing slowly in relation to the system characteristic time. Gradual absorption of information provides stability loss delay effect. Fast bifurcation has a discrete non equilibrium nature. Each transition from one attracting cycle to another one is preceded by passing through fixed point state – an effect of precatastophic stabilization exists. Two analytical methods have been developed for recognition of slow and fast bifurcation: R analysis and D analysis correspondingly. Combined R/D tool has been incorporated for analysis of world financial crisis of 2008. It turned out that R analysis is more convenient for long term investment while D analysis suggests middle- and short-term approach. R/D analysis has been applied as a filter for currency positional trading system. Slow and fast bifurcation patterns have been applied for the filtering of breakdown signals. Incorporation of a filter allowed to reduce twice the number of trades and to increase system efficiency, Calmar ratio, by seven times. R/D filter allowed decreasing sensitivity to volatility: duration of equity stagnation has fallen down to two months in relation to one year for the original breakdown system. It has been shown that R and D patterns may improve the long term efficiency and stability of a momentum quantitative trading model.
Category: Economics and Finance

[105] viXra:1506.0163 [pdf] submitted on 2015-06-22 15:13:41

Coin-Vote

Authors: Funkenstein the Dwarf
Comments: 5 Pages. Thank you

Coin-vote is a voting system for establishing opinion and resolving disputes amongst willing participants. Rather than using a traditional method of trying to tally one vote per person, it relies on a one vote per coin tally. This enables votes to be counted with provable security, as there are no longer the usual issues of identity fraud, counting fraud, or polling bias, which have plagued traditional polling systems. This document is meant to explain our platform and database for conducting coin-votes. We outline here security procedures and motivation for using the coin-vote system.
Category: Economics and Finance

[104] viXra:1505.0233 [pdf] submitted on 2015-05-31 12:16:48

Informational Money, Islamic Finance, and the Dismissal of Negative Interest Rates

Authors: Jan A. Bergstra
Comments: 24 Pages.

The so-called Islamic Finance Requirements induce the notion of an IFR-compliant financial system. IFR-compliance provides an axiomatic approach to Islamic finance. In order to deal with potential mismatches between IFR-compliance and Islamic principles, IFR-compliant financial systems are referred to as Crescent-Star finances and IFR serves as axioms for Crescent-Star finance (CSF). Literally following that approach negative interest rates are to be avoided in a Crescent-Star financial system just as well as positive interest rates. W.r.t. Islamic finance Crescent-Star finance may admit false positives, i.e. IFR-compliant models of finance that nevertheless fail to qualify as sound from an Islamic perspective, but there won't be false negatives. A weaker version CSFn of CSF is formulated which formally permits negative interest rates, and a strengthening CSFpls of CSF is defined in which it is always required that profit and loss sharing takes place in connection with lending. It is argued that if only informational money is taken into account, CSFn finance prevents the occurrence of negative interest rates. It is shown that the situation is quite different for physical monies. CSFpls finance excludes negative interest rates as well as positive interest rates.
Category: Economics and Finance

[103] viXra:1505.0222 [pdf] submitted on 2015-05-29 15:08:28

The Purpose of Culture, or Inception of Social Collision Theory

Authors: Aleksey Vaneev
Comments: 3 Pages.

This essay presents introductory concepts and philosophy of the “social collision theory” which may offer presumably calculable suggestions on what societal habits can be cultivated which produce a more diverse and economically extensive and efficient society, regardless of the country.
Category: Economics and Finance

[102] viXra:1505.0125 [pdf] submitted on 2015-05-17 09:14:57

Demonstrating Lorenz Wealth Distribution and Increasing Gini Coefficient with the Iterating (Koch Snowflake) Fractal Attractor.

Authors: Blair D. Macdonald
Comments: 11 Pages.

The Koch snowflake fractal attractor was analysed by Lorenz and Gini methods. It was found the fractal Lorenz curve fits the wealth (stock) distribution Lorenz curve. Gini coefficient analysis showed an increasing coefficient by iteration (time). It was concluded the Lorenz distribution is a property of the fractal and inextricably linked to (fractal) growth and development.
Category: Economics and Finance

[101] viXra:1505.0097 [pdf] submitted on 2015-05-13 02:52:57

Group Function of Income Distribution in Society

Authors: Sergey G. Fedosin
Comments: 17 Pages.

Based on the similarity of properties of photons and money, and on the formula for the density of distribution of photon gas by energies, the corresponding mathematical formula for distribution of annual income per capita is obtained. Application of this formula for the data analysis reveals several independent groups of population with different average levels of their income. In particular four main groups of population contribute to the distribution of income in the economy of the USA. JEL Codes: C51, E01, E66.
Category: Economics and Finance

[100] viXra:1505.0082 [pdf] submitted on 2015-05-11 06:26:34

Simulando Estratégias de Investimento no Mercado Brasileiro de Ações e Opções

Authors: Valdir Monteiro dos Santos Godoi
Comments: 57 Pages. My Course Conclusion Work, delivered in early 2009. In portuguese.

A presente monografia tem por objetivo decidir sobre qual a melhor estratégia a adotar em momentos de baixa, alta e oscilação do mercado, dentre algumas estratégias mais simples. Para isso simularemos operações de compra e venda utilizando preços reais das ações de 5 grandes empresas presentes na Bovespa: OGXP3, MMXM3, CSNA3, TNLP4 e PETR4. A OGXP3 será nosso modelo para o mercado em baixa, MMXM3 e CSNA3 representarão o mercado em alta e TNLP4 o mercado oscilante. Utilizaremos a PETR4 para simular operações bem sucedidas no mercado em geral, que chamei de trades perfeitos, e operações que acertam a tendência maior de alta ou baixa com determinada probabilidade, que chamei de trades prováveis. Também simularemos operações de compra e venda no mercado de opções, utilizando para isso as cotações reais de diversas opções de compra da Petrobrás. Todos os preços de ações utilizados neste trabalho referem-se aos anos de 2007 e 2008. Para o mercado de opções foram usados apenas os preços de 2008.
Category: Economics and Finance

[99] viXra:1505.0032 [pdf] submitted on 2015-05-03 16:44:02

Multiperson Gale Shapley

Authors: Sidharth Ghoshal
Comments: 2 Pages.

A simple technique for extending Gale Shapley to incorporate an entire cluster of k individuals with a single dominant set deciding how to form groups.
Category: Economics and Finance

[98] viXra:1503.0229 [pdf] submitted on 2015-03-28 15:00:22

An Explanation of the Mass Failure in the Market: the Internet – the Creator of Public Goods

Authors: Blair D. Macdonald
Comments: 4 Pages.

Based on the economic model used to classify 'goods' in an economy; private goods such as found in the entertainment/media industries, or any item on the internet subject to file sharing or digital copying in any form including – at the extreme – the human genome, solid object 3D printing, and even money in the form of bit-coins, are being slowly repositioned from what are termed 'private' or 'club'/'congestion' goods, to the extreme opposite, public goods. The ‘free rider problem’ of Public Goods has become the ‘free copy problem’. Public Goods failure in the market, and are therefore provided by Government: is this the destiny of internet goods.
Category: Economics and Finance

[97] viXra:1503.0203 [pdf] submitted on 2015-03-26 23:28:11

Energy and Forces in Economics

Authors: Wan-Jiung HU
Comments: 3 Pages.

Besides gravity model of trade, many other physic force and energy laws can be applied to explain economics phenomenon. There should be Coulomb force, magnetic force, and impelity force to explain the business activity between two nations, industries, or companies. And, energy can also be applied for the above purpose for economic activity.
Category: Economics and Finance

[96] viXra:1503.0202 [pdf] submitted on 2015-03-26 23:31:22

Conservation of Money

Authors: Wan-Jiung Hu
Comments: 2 Pages.

Law of conservation is the key concept in physics world. We can also apply the conservation law in economics phenomenon. Here, I use the conservation of money to explain the stock market behavior. Continuity equation is provided for this model.
Category: Economics and Finance

Replacements of recent Submissions

[55] viXra:1807.0258 [pdf] replaced on 2018-07-26 00:11:18

Fifa World Cup and Gini Coefficient

Authors: Anindya Kumar Biswas
Comments: 17 Pages. minor English correction

In this paper we have found empirical evidence of a rising trend of lower Gini coefficient deciding the higher probability of winning of a country in a match in the FIFA World Cup. We have also studied the role of HDI in different stages of the football cup.
Category: Economics and Finance

[54] viXra:1807.0258 [pdf] replaced on 2018-07-24 10:11:40

Fifa World Cup and Gini Coefficient

Authors: Anindya Kumar Biswas
Comments: 17 Pages. expanded

In this paper we have found empirical evidence of a rising trend of lower Gini coefficient deciding the higher probability of winning of a country in a match in the FIFA World Cup. We have also studied the role of HDI in different stages of the football cup.
Category: Economics and Finance

[53] viXra:1807.0258 [pdf] replaced on 2018-07-21 04:30:23

Fifa World Cup and Gini Coefficient

Authors: Anindya Kumar Biswas
Comments: 13 Pages. Round of Sixteen entries for 2018 World Cup corrected

In this paper we have found empirical evidence of a rising trend of lower Gini coefficient deciding the higher probability of winning of a country in a match in the FIFA World Cup. We have also studied the role of HDI in different stages of the football cup.
Category: Economics and Finance

[52] viXra:1807.0258 [pdf] replaced on 2018-07-15 23:15:08

Fifa World Cup and Gini Coefficient

Authors: Anindya Kumar Biswas
Comments: 12 Pages.

In this paper we have found empirical evidence of a rising trend of lower Gini coefficient deciding the higher probability of winning of a country in a match in the FIFA World Cup. We have also studied the role of HDI in different stages of the football cup.
Category: Economics and Finance

[51] viXra:1712.0675 [pdf] replaced on 2018-01-01 18:14:04

The 'future' 2018 Crash of Currencies Followed by an Age of Wars

Authors: Luis Sancho
Comments: 34 Pages. replaced, shorter, clearer, 1st january 2018

The 72 year cycle of global financial crashes is caused by new informative machines that overproduce digital money - stock paper, ticker electric money and e-money. As such they have a short 9 year product cycle of overproduction: 1848-57-64+72 train stock crashes->1921-29-37 electric crashes+72->2001-08-18 e-money crashes. Why 3? Because digital overproduced money is worthless, so speculators change it for the only 3 items of massive 'real value': real stocks, real state and real currency, inflating their price and crashing them:i.e. 1921 pound crash, 29-stocks,37 Ny real state; 2001-dotcom bubble, 2008-mortgages,2018bitcoin&$ then the only way to keep 'selling money' is war debt loans and arsenals of max. price=profit. So after those 3 crashes the world enters in Global war: 1860s-90s civil wars, unification wars, colonial wars fought with trains/steamers, 1936-53 wars fought with electrochemical engines (bombers, tanks). Hence: 2020-50s robotic wars. Problem is as stocks measure reproduction of machines-weapons their value in war age measures 'corpses'. ie. 1860s stocks 2 Dow jones, 700.000 victims train wars->1940s dow at 200, one hundred folding value and victims: 70 million. Now dow at 20 thousand, hence potential victims in robotic wars 7 billion all of mankind. Thus the system of printing money MUST change and be issued for welfare, Butter not Canons... www.economicstruth.com
Category: Economics and Finance

[50] viXra:1710.0068 [pdf] replaced on 2017-11-21 01:18:20

The Determination Theory of Supply and Demand

Authors: Chuanli Chen
Comments: 16 Pages.

Whether the supply creates its own demand or the demand determines the supply has been a debate in economy science since one hundred years. In this paper, I will write my own perspective. I will analyze how the demand and supply interact with each other. Besides, I will tell why there is short of demand in the Say’s law[1].
Category: Economics and Finance

[49] viXra:1710.0068 [pdf] replaced on 2017-10-10 01:28:13

The Determination Theory of Supply and Demand

Authors: Chuanli Chen
Comments: 6 Pages.

Whether the supply creates its own demand or the demand determines the supply has been a debate in economy science for one hundred years. In this paper, I will write my own perspective. I will analyze how the demand and supply interact with each other.
Category: Economics and Finance

[48] viXra:1710.0009 [pdf] replaced on 2018-03-01 11:48:42

Prospects of Modern Wood Gas Cogeneration Renewable Energy Supply in Japan − Case Study of ICU

Authors: Eckhard Hitzer, Mark Langager, Nobyuki Miyazaki, Takashi Kibe
Comments: 8 figures, 1 table, 2.5 pages of references.

In this article we introduce scalable modern commercial wood gas cogeneration technology of micro scale, beginning at 35-45 kW electric power, scalable up to 800kW electric power, as offered by several international companies. Cogeneration means to use both electricity and heat, which leads to an overall efficiency of converting the chemical energy in wood of up to 90%. We discuss aspects of technology, sustainability, forest ecology, local and international fuel quality standards, long term cost efficiency, potential for attracting various forms of official financial support and potential risks involved. In particular we make the general study concrete in the form of a case study on renewable energy supply for the International Christian University campus in Mitaka, western Tokyo. Changing scale parameters in order to adapt to the local energy demand, we expect that this case study can be transferred to other schools, universities, institutions, businesses and buildings in Japan. We further try to address the question as to what contribution this technology can make to the future national renewable energy supply in Japan.
Category: Economics and Finance

[47] viXra:1710.0009 [pdf] replaced on 2017-10-02 08:07:44

Prospects of Modern Wood Gas Cogeneration Renewable Energy Supply in Japan − Case Study of ICU

Authors: Eckhard Hitzer, Mark Langager, Nobyuki Miyazaki, Takashi Kibe
Comments: 8 figures, 1 table, 2.5 pages of references.

In this article we introduce scalable modern commercial wood gas cogeneration technology of micro scale, beginning at 35-45 kW electric power, scalable up to 800kW electric power, as offered by several international companies. Cogeneration means to use both electricity and heat, which leads to an overall efficiency of converting the chemical energy in wood of up to 90%. We discuss aspects of technology, sustainability, forest ecology, local and international fuel quality standards, long term cost efficiency, potential for attracting various forms of official financial support and potential risks involved. In particular we make the general study concrete in the form of a case study on renewable energy supply for the International Christian University campus in Mitaka, western Tokyo. Changing scale parameters in order to adapt to the local energy demand, we expect that this case study can be transferred to other schools, universities, institutions, businesses and buildings in Japan. We further try to address the question as to what contribution this technology can make to the future national renewable energy supply in Japan.
Category: Economics and Finance

[46] viXra:1710.0009 [pdf] replaced on 2017-10-02 05:37:01

Prospects of Modern Wood Gas Cogeneration Renewable Energy Supply in Japan − Case Study of ICU

Authors: Eckhard Hitzer, Mark Langager, Nobyuki Miyazaki, Takashi Kibe
Comments: 8 figures, 1 table, 2.5 pages of references.

In this article we introduce scalable modern commercial wood gas cogeneration technology of micro scale, beginning at 35-45 kW electric power, scalable up to 800kW electric power, as offered by several international companies. Cogeneration means to use both electricity and heat, which leads to an overall efficiency of converting the chemical energy in wood of up to 90%. We discuss aspects of technology, systainability, forest ecology, local and international fuel quality standards, long term cost efficiency, potential for attracting various forms of official financial support and potential risks involved. In particular we make the general study concrete in the form of a case study on renewable energy supply for the International Christian University campus in Mitaka, western Tokyo. Changing scale parameters in order to adapt to the local energy demand, we expect that this case study can be transferred to other schools, universities, institutions, businesses and buildings in Japan. We further try to address the question as to what contribution this technology can make to the future national renewable energy supply in Japan.
Category: Economics and Finance

[45] viXra:1707.0133 [pdf] replaced on 2017-10-14 14:37:52

Money Whirling Flow and Keynesian

Authors: Chuanli Chen
Comments: 8 Pages.

In this paper, I will make use of Keynesian theory to describe the money flow in the free market. I will then build a new model based on the Keynesian model and use this model to explain how stagnation occurs.
Category: Economics and Finance

[44] viXra:1707.0132 [pdf] replaced on 2017-10-14 13:51:39

The Economic Crisis Model Under Whirling Flow of Money

Authors: Chuanli Chen
Comments: 5 Pages.

In this paper, I will briefly discuss the occurrence of an economic crisis during free market movements. I will describe the whole process in a simple way. Non-mathematical models are used in order to make the process easier to understand.
Category: Economics and Finance

[43] viXra:1705.0364 [pdf] replaced on 2017-10-14 16:41:47

Price Uncertainty Principle

Authors: Chuanli Chen
Comments: 22 Pages.

In modern economics, there are many theories that discuss the equilibrium. This convention was originally from two famous economists Leon Walras and Afred Marshall. Walras first described general equilibrium theory in 1874. Afred Marshall put forward the partial equilibrium theory in 1920. However, there was never any observational evidence for the existence of equilibrium. In this paper, I will put forward a new price theory, which is named Price Uncertainty Principle. I will point out the flaws of these two equilibrium theories and discuss why the price mechanism is not the invisible hand, then further discuss why partial equilibrium and general equilibrium are non-existent. I will prove that there is no price equilibrium point and market prices are always fluctuating
Category: Economics and Finance

[42] viXra:1705.0364 [pdf] replaced on 2017-06-30 01:01:01

Price Uncertainty Principle

Authors: Chuanli Chen
Comments: 23 Pages.

In modern economy science, there are many theories that discuss the equilibrium. This convention was originally come from two famous economists Walras and Afred Marshall. Walras firstly finished the general equilibrium theory in 1874 in the book the mere economics to iustice. While Afred Marshall put forward the partial equilibrium in 1920. However, by observance, there was never the evidence for the existence of equilibrium. In this paper, I will put forward a new price theory, which is named Price Uncertainty Principle. I will point out the flaws of these two equilibrium theories and discuss why the price mechanism is not the invisible hand, then further discuss why partial equilibrium and general equilibrium are not existent. I will prove that there is no equilibrium point for the price and prices are always fluctuant in the market.
Category: Economics and Finance

[41] viXra:1705.0162 [pdf] replaced on 2017-10-14 20:04:39

Market Whirling Theory

Authors: Chuanli Chen
Comments: 29 Pages.

Many theories claim to explain economic crises and periodic fluctuations in the economy, however, most of them are imperfect at explaining many phenomena throughout history. In this paper, I put forward a new theory and model that explains economic crises and periodic fluctuations in the economy as well as policies for avoiding economic crises. This paper analyzes the direction of currency flow in the free market, and explains why the market is constantly whirling. It also discusses the relationship between money flow speed and GDP, explaining why accelerating the speed of money flow in the market can make a country rich.
Category: Economics and Finance

[40] viXra:1705.0162 [pdf] replaced on 2017-06-09 01:12:01

Market Whirling Theory

Authors: Chuanli Chen
Comments: 30 Pages.

In the modern world, there are many theories which explain the economic crisis and economy periodic fluctuation, however, most of them are not so perfect to explain many phenomena happened in the history. In this paper, I will put forward a new theory and model that can explain the economic crisis and economy periodic fluctuation as well as giving policies on how to avoid economic crisis. My paper will analyze the direction of currency flow in the free market, and explain why the market is whirling all the time. It will also discuss the relation between money flow speed and GDP, explaining why accelerating the speed of money flow in the market can make a country rich.
Category: Economics and Finance

[39] viXra:1705.0089 [pdf] replaced on 2017-08-19 04:17:04

Quantum Political Economics the Characterization of Productive Forces and Production Relations

Authors: Erman ZENG
Comments: 15 Pages.

The mathematical characterization of “the Productive Forces” of a macro economic system is based upon the analogy between political economy and Newtonian mechanics, which is expressed as the product of the growth rate of the profit rate (p) and the surplus value (M), showing several quantum qualities like a photon quanta. The one-dimensional linear harmonic oscillator model can correlate the angular frequency with the change rate of the rate of profit thus with the economic growth rate, resulting the quantum-like interpretation of various business cycles. The matrix operator analysis of the Leontief’s input-output table, similar to the matrix mechanics of quantum physics, gives the Schrodinger function like value-price transformation eigen function, with the reduced organic composite of capital as the eigenvalue of the price wave function, namely the relations of production, leading to the "two Cambridge controversy" resolved. The statistic physical entropy increase theory combined with the Marx labor value function leads to the quantitative formulation of the relations of production.
Category: Economics and Finance

[38] viXra:1705.0089 [pdf] replaced on 2017-07-03 03:37:18

Quantum Political Economics the Econo-Physical Characterization of Productive Forces and Spontaneous Order

Authors: Erman ZENG
Comments: 15 Pages.

The mathematical physical characterization of “the Productive Forces” of a macro economic system is based upon the analogy between political economy and Newtonian mechanics, which is expressed as the product of the growth rate of the profit rate (p) and the surplus value (M), showing several quantum qualities like a photon quanta. The one-dimensional linear harmonic oscillator model can correlate the angular frequency with the change rate of the rate of profit thus with the economic growth rate, resulting the quantum-like interpretation of various business cycles. The matrix operator analysis of the Leontief’s input-output table, similar to the matrix mechanics of quantum physics, gives the Schrodinger function like value-price transformation eigenequation, with the reduced organic composite of capital as the eigenvalue of the price wave function, leading to the "two Cambridge controversy" resolved. The statistic physical entropy increase theory combined with the Marx production function system leads to the general equilibrium nature of the AK model as well as the quantitative formulation of the theory of spontaneous order.
Category: Economics and Finance

[37] viXra:1702.0174 [pdf] replaced on 2017-03-15 01:14:24

From Labor Theory of Value to Price EigenFunction ---Microfoundation of General Equilibrium

Authors: Erman ZENG
Comments: 12 Pages.

The quantitative Marxian function system is developed on the basis of the labor theory of value as the micro foundation resulting labour value function, surplus value function, Marx production function. The heterogeneous capital aggregation problem is overcome by value transformation analysis of Leontief intermediate input coefficient matrix leading to production price eigenvectors and Marx-Sraffa-Leontief General Equilibrium eigenvalues thus the details about an economic system such as the reduced organic composite of capital, the rate of profit, the surplus rate of value, the elasticity of capital output. The falling tendency of the rate of profit may not be true if the economy undergoes a general equilibrium.
Category: Economics and Finance

[36] viXra:1701.0298 [pdf] replaced on 2017-01-09 04:09:17

Introducing Marx General Equilibrium Economics

Authors: Erman ZENG
Comments: 46 Pages.

The quantitative Marxism function system is developed on the basis of the labor theory of value as the micro foundation including Marx labour value function, Marx surplus value function, Marx production function. The heterogeneous aggregation problem is overcome by using matrix analysis of the macro input-output data resulting price eigenvalues and product value thus the details about an economic system such as the rate of profit, the surplus rate of value, the elasticity of capital output. The falling tendency of the rate of profit may not be true if the economy undergoes an general equilibrium.
Category: Economics and Finance

[35] viXra:1611.0299 [pdf] replaced on 2016-12-08 05:48:37

Universal Economic Plan Based Law Constitutions of Kingdom and Nations

Authors: Mesut Kavak
Comments: 28 Pages.

In this work, touched on some social issues whatever the result, and a raising awareness was aimed by some new technological upgrades for vital infrastructures of states, social order and economic plan. The main aim is one world order which has no king and accepts nations as local governances as a requirement of hierarchical order. It is completely based on economic benefits of all nations as there is no alternative to establish a healthy economic order as economic management is directly related with laws. As the important is a law exists or not, or is just or not for justice, also it encourages to develop organic laws in state institutions as it recognizes any state institution as autonomous. This building is a building which is actually dependent of economy, counts states of the world as local governances as a requirement of one world order; does not stipulate working and military service; promises that no charge for houses, energy, education, judgment, security, health care, public transport, marriage; promises removing armies limited manner, removing nuclear weapons and establishing in space but the special conditions. Also there are many new technological upgrades for vital infrastructure of states.
Category: Economics and Finance

[34] viXra:1608.0400 [pdf] replaced on 2016-08-31 06:31:59

Sentiment Analysis of Twitter Data and the Efficient Market Hypothesis

Authors: Alexandre Bénétreau
Comments: -The thesis is in English, apart from the title page which contains bits of French (it is a thesis defended at a French uni).-Pages: 27. -Licence: This thesis is licensed under a Creative Commons Attribution 4.0 International Public License.

This thesis discusses the claim of 16 computational finance articles according to which it is possible to predict the stock market using sentiment analysis of social media data. The purpose of this paper is to investigate whether this is indeed true or not. In economic theory, the efficient market hypothesis states that markets are not predictable, that they follow a random walk and that irrational behaviour cancels out in the aggregate. However, behavioural economics research shows that investors are in fact subject to predictable biases which affect the markets. This study uses data from the WeFeel project that analyses tweets in English to infer social mood on a world scale. It also uses data from the Wilshire 5000 index from June 2014 to March 2015. The hypothesis is that changes in aggregate mood arousal mediate stock market fluctuations. Yet linear regression shows that there is no relation between emotional arousal and the stock market, nor between primary emotions and the stock market. Hence, the conclusion is that global social sentiment as derived from social media has no relation with stock market fluctuations. Further research may better focus on social media specialised in the stock markets, such a finance micro-blogging data. Keywords: sentiment analysis, efficient market hypothesis, social networks, computational finance, behavioural finance, stock market, emotion recognition, stock market prediction, social sentiment, behavioural economics
Category: Economics and Finance

[33] viXra:1605.0166 [pdf] replaced on 2016-05-21 07:28:15

On Certain Aspects of American Economics Relevant to 2016

Authors: Jonathan Tooker
Comments: 19 Pages.

This paper seeks to shine a light on some glaring economic problems of contemporary society. Too often economic issues are framed in the context of moral wedges that divide people. Here we select issues for discussion that likely can be solved and do not strictly require the resolution of any difficult moral quandaries. We show that certain popular debates are not so interesting because sufficient evidence exists to identify the relevant premises as true and false. We suggest an economic program based in part on hypothetical new energy resources that should guide the United States and the Earth's other national states towards a more equitable valley in the space of all economic configurations. This paper is intended to be persuasive and not purely expository.
Category: Economics and Finance

[32] viXra:1604.0368 [pdf] replaced on 2016-09-20 05:29:09

Financial Development for Economic Growth in Nigeria

Authors: Uyiosa Omoregie
Comments: 17 Pages.

A country’s financial system facilitates economic growth by ensuring that funds are available when and where they are required. The provision of alternative financing windows available to operators in the real sector is dependent on the structure of the financial system is place. The Government can ensure (through polices put forward) that transparency and fairness is the norm in the financial sector, this will go a long way towards sustainable economic growth in Nigeria. The financial sector that creates sustainable economic growth must be resilient and strong, with institutional development as a priority, this sector must facilitate fund mobilization for the low-income people to increase and stabilize their income and assets. An investment-friendly interest rate regime (single digit) is a pre-requisite for economic growth in Nigeria, because it would encourage lower costs of borrowing and credit expansion. Tax incentives policies must be maintained to encourage large-scale investment in the economy.
Category: Economics and Finance

[31] viXra:1604.0368 [pdf] replaced on 2016-06-20 10:37:50

Financial Development for Economic Growth in Nigeria

Authors: Uyiosa Omoregie
Comments: 15 Pages.

Abstract A country’s financial system facilitates economic growth by ensuring that funds are available when and where they are required. The provision of alternative financing windows available to operators in the real sector is dependent on the structure of the financial system is place. The Government can ensure (through polices put forward) that transparency and fairness is the norm in the financial sector, this will go a long way towards sustainable economic growth in Nigeria. The financial sector that creates sustainable economic growth must be resilient and strong, with institutional development as a priority, this sector must facilitate fund mobilization for the low-income people to increase and stabilize their income and assets. An investment-friendly interest rate regime (single digit) is a pre-requisite for economic growth in Nigeria, because it would encourage lower costs of borrowing and credit expansion. Tax incentives policies must be maintained to encourage large-scale investment in the economy.
Category: Economics and Finance

[30] viXra:1604.0368 [pdf] replaced on 2016-06-07 05:54:45

Financial Development for Economic Growth in Nigeria

Authors: Uyiosa Omoregie
Comments: 15 Pages.

A country’s financial system facilitates economic growth by ensuring that funds are available when and where they are required. The provision of alternative financing windows available to operators in the real sector is dependent on the structure of the financial system is place. The Government can ensure (through polices put forward) that transparency and fairness is the norm in the financial sector, this will go a long way towards sustainable economic growth in Nigeria. The financial sector that creates sustainable economic growth must be resilient and strong, with institutional development as a priority, this sector must facilitate fund mobilization for the low-income people to increase and stabilize their income and assets. An investment-friendly interest rate regime (single digit) is a pre-requisite for economic growth in Nigeria, because it would encourage lower costs of borrowing and credit expansion. Tax incentives policies must be maintained to encourage large-scale investment in the economy.
Category: Economics and Finance

[29] viXra:1604.0368 [pdf] replaced on 2016-05-03 12:02:38

Financial Development for Economic Growth in Nigeria

Authors: Uyiosa Omoregie
Comments: 13 Pages.

A country’s financial system facilitates economic growth by ensuring that funds are available when and where they are required. The provision of alternative financing windows available to operators in the real sector is dependent on the structure of the financial system is place. The Government can ensure (through polices put forward) that transparency and fairness is the norm in the financial sector, this will go a long way towards sustainable economic growth in Nigeria. The financial sector that creates sustainable economic growth must be resilient and strong, with institutional development as a priority, this sector must facilitate fund mobilization for the low-income people to increase and stabilize their income and assets. An investment-friendly interest rate regime (single digit) is a pre-requisite for economic growth in Nigeria, because it would encourage lower costs of borrowing and credit expansion. Tax incentives policies must be maintained to encourage large-scale investment in the economy.
Category: Economics and Finance

[28] viXra:1505.0125 [pdf] replaced on 2017-03-05 13:32:37

Demonstrating Lorenz Curve Distribution and Increasing Gini Coefficient with the Iterating (Koch Snowflake) Fractal Attractor.

Authors: Blair D. Macdonald
Comments: 34 Pages. To change author to Blair D. Macdonald from Blair Macdonald

Global income has increased exponentially over the last two hundred years; while, and at the same time respective Gini coefficients have also increased: this investigation tested whether this pattern is a property of the mathematical geometry termed a fractal attractor. The Koch Snowflake fractal was selected and inverted to best model economic production and growth: all triangle area sizes in the fractal grew with iteration-time from an arbitrary size – growing the total set. Area of triangle the ‘bits’ represented wealth. Kinematic analysis – velocity and acceleration – was undertaken, and it was noted growing triangles propagate in a sinusoidal spiral. Using Lorenz curve and Gini methods, bit size distribution – for each iteration-time – was graphed. The curves produced matched the regular Lorenz curve shape and expanded out to the right with fractal growth – increasing the corresponding Gini coefficients: contradicting Kuznets cycles. The ‘gap’ between iteration triangle sizes (wealth) was found to accelerate apart, just as it is conjectured to do so in reality. It was concluded the wealth (and income) Lorenz distribution – along with acceleration properties – is an aspect of the fractal. Form and change of the Lorenz curve are inextricably linked to the growth and development of a fractal attractor; and from this – given real economic data – it can be deduced an economy – whether cultural or not – behaves as a fractal and can be explained as a fractal. Questions of the discrete and wave properties and the accelerated expansion – similar to that of trees and the conjectured growth of universe at large – of the fractal growth, were discussed.
Category: Economics and Finance

[27] viXra:1505.0125 [pdf] replaced on 2015-12-13 12:38:24

Demonstrating Lorenz Wealth Distribution and Increasing Gini Coefficient with the Iterating (Koch Snowflake) Fractal Attractor.

Authors: Blair D. Macdonald
Comments: 10 Pages.

The Koch snowflake fractal attractor was analysed by Lorenz and Gini methods. It was found the fractal Lorenz curve fits the wealth distribution Lorenz curve. As the fractal grows and/or develops with iteration-time the Lorenz curve expands to the right, with a corresponding increasing Gini coefficient. All triangles (triangle sizes) grow with iteration-time from an arbitrary size, and iteration group size accelerate apart from each other with iteration time. It was concluded the Lorenz distribution is a property of the fractal and inextricably linked to (fractal) growth and development. This behaviour can be observed in any fractal structure.
Category: Economics and Finance

[26] viXra:1505.0125 [pdf] replaced on 2015-10-30 06:29:03

Demonstrating Lorenz Wealth Distribution and Increasing Gini Coefficient with the Iterating (Koch Snowflake) Fractal Attractor.

Authors: Blair D. Macdonald
Comments: 8 Pages. Improved. New aggregate Lorenz diagram

The Koch snowflake fractal attractor was analysed by Lorenz and Gini methods. It was found the fractal Lorenz curve fits the wealth distribution Lorenz curve. As the fractal grows and/or develops with iteration-time the Lorenz curve expands to the right, with a corresponding increasing Gini coefficient. All triangles (triangle sizes) grow with iteration-time from an arbitrary size, and iteration group size accelerate apart from each other with iteration time. It was concluded the Lorenz distribution is a property of the fractal and inextricably linked to (fractal) growth and development. This behaviour can be observed in any fractal structure.
Category: Economics and Finance

[25] viXra:1505.0125 [pdf] replaced on 2015-10-14 02:14:44

Demonstrating Lorenz Wealth Distribution and Increasing Gini Coefficient with the Iterating (Koch Snowflake) Fractal Attractor.

Authors: Blair D. Macdonald
Comments: 9 Pages.

The Koch snowflake fractal attractor was analysed by Lorenz and Gini methods. It was found the fractal Lorenz curve fits the wealth (stock) distribution Lorenz curve. Gini coefficient analysis showed an increasing coefficient by iteration (time). It was concluded the Lorenz distribution is a property of the fractal and inextricably linked to (fractal) growth and development.
Category: Economics and Finance

[24] viXra:1505.0125 [pdf] replaced on 2015-10-13 14:24:09

Demonstrating Lorenz Wealth Distribution and Increasing Gini Coefficient with the Iterating (Koch Snowflake) Fractal Attractor

Authors: Blair D. Macdonald
Comments: 8 Pages. Remastered

The Koch snowflake fractal attractor was analysed by Lorenz and Gini methods. It was found the fractal Lorenz curve fits the wealth (stock) distribution Lorenz curve. Gini coefficient analysis showed an increasing coefficient by iteration (time). It was concluded the Lorenz distribution is a property of the fractal and inextricably linked to (fractal) growth and development.
Category: Economics and Finance

[23] viXra:1505.0097 [pdf] replaced on 2015-12-29 09:19:59

Group Function of Income Distribution in Society

Authors: Sergey G. Fedosin
Comments: 10 pages. International Frontier Science Letters, ISSN: 2349-4484, Vol. 6, P. 6 – 15 (2015). http://dx.doi.org/10.18052/www.scipress.com/ifsl.6.6.

Based on the similarity of properties of photons and money, and on the formula for the density of distribution of photon gas by energies, the corresponding mathematical formula for distribution of annual income per capita is obtained. Application of this formula for the data analysis reveals several independent groups of population with different average levels of their income. In particular four main groups of population contribute to the distribution of income in the economy of the USA.
Category: Economics and Finance

[22] viXra:1503.0229 [pdf] replaced on 2017-04-11 02:25:27

The Internet – the Creator of Public Goods?

Authors: Blair D. Macdonald
Comments: 5 Pages.

Media and entertainment industries are in decline; profitability down due to ‘freer access on computers. Is the internet producing ‘Public goods’ from what were Private goods? With respect to these goods and the Internet, the assumption used to classify ‘Private goods' and Public goods in an economy (the degree of excludability and rivalry) was analysed, and the respective industries tested for being Public Goods. It was concluded these goods within the entertainment/media industries are slowly being repositioned from what are termed 'private' or 'club'/'congestion' goods, to their extreme opposite, Public goods. The ‘free rider problem’ of Public Goods has become the ‘free copy problem’ with respect to these goods. It was hypothesised the Internet was the cause. It was discussed Public Goods – by tradition – failure in the market, and are therefore provided by Government: is this to be the destiny of Internet goods, or any item on the internet subject to file sharing or digital copying in any form including – at the extreme – the human genome, solid object 3D printing, and even money in the form of bit-coins?
Category: Economics and Finance