"Both state-space models and Markov-switching models have been highly productive paths for empirical research in macroeconomics and finance. This book presents recent advances in econometric methods that make feasible the estimation of models that have both features. One approach, in the classical framework, approximates the likelihood function; the other, in the Bayesian framework, uses Gibbs-…
Countering the current view of many environmental activists that sovereign nations cannot provide effective environmental governance, The State and the Global Ecological Crisis offers analyses and case studies that explore the prospects for "reinstating the state" as a facilitator of progressive environmental change rather than a contributor to environmental destruction. The authors recognize t…
Originally published: 1999.The authors show how a common approach that emphasizes the three-way interaction among increasing returns, transportation costs, and the movement of productive factors can be applied to a wide range of issues in urban, regional, and international economics.Since 1990 there has been a renaissance of theoretical and empirical work on the spatial aspects of the economy--…
Economists have traditionally studied aggregate behavior as the outcome of individual decisions made interactively, while sociologists have focused on the role of social influences on individual behavior. Over the past decade, however, the barriers between the disciplines have broken down, resulting in the new area of social economics. Social economics is based on the assumption that individual…
The Routledge Handbook of Taxation and Philanthropy ventures into a territory that is still widely unexplored. It contains 30 academic contributions that aim to provide a better understanding of whether, why, and how philanthropic initiatives, understood as voluntary contributions for the common good, can and should be fostered by states through tax incentives. The topic has been addressed from…
Performance at all costs, productivity without regard to consequences, and a competitive work environment: these are the ethical factors discussed in The Anatomy of Ethical Leadership, which highlights issues in workplace culture while looking into a brighter future for labour ethics. Langlois maintains that an enhanced awareness of the process of ethical decision making in difficult situations…
hen citizens take collaborative action to meet the needs of their community, they are participating in the social economy. Co-operatives, community-based social services, local non-profit organizations, and charitable foundations are all examples of social economies that emphasize mutual benefit rather than the accumulation of profit. While such groups often participate in market-based activiti…
This book demonstrates the inevitability of a continuously growing role of data in our society and it stresses that this role does not need to be threatening: to the contrary, collection and analysis of data can help us prevent traffic jams, suppress epidemics, or produce tailor made medicine. The authors sketch the contours of a new information society, in which everything will be measured fro…
This book reveals all that can potentially happen when a private company takes over a local water supply system, both the good and the bad. Backed by real life stories of water privatization in action, author Manuel Schiffler presents a nuanced picture free of spin or fear mongering. Inside, readers will find a detailed analysis of the multiple forms of water privatization, from the outright…
This book is the outcome of empirical research on the sharing of water of the Teesta River, which flows through India and Bangladesh. The main purpose is to show how regional cooperation between India and Bangladesh regarding sharing of Teesta River water can ensure optimal benefits for people living in the area of the Teesta Basin located in the two countries. The author takes an interdiscipli…