Press Release on Economics Research: August-2018

Haunted by economic myopia

Distorted economic science, let alone ideologically driven deciding, is threatening Australia’s best efforts to preserve its natural heritage.

While the 2007 budget contained some smart initiatives, the past decade has mostly been one in all neglect and lost opportunities for environmental analysis. especially, the dominance of short business objectives in setting the national analysis agenda has been a disaster for bionomics, and has left several of the scientific teams centered on public smart and therefore the setting scrabbling for support. [1]

Problems and Ways of Improving the Quality of Mathematical Training in Students of Economics

The paper discusses the matter of rising the standard of coaching in arithmetic at teaching establishments of political economy. Review of studies on the matter showsthere area unit difficulties in resolution it, the most causes of difficulties being the widely low level ofstudents’ mathematical coaching, reduction of hours for finding out arithmetic, and difficulties inpractical implementation of consistency between mathematical and special subjects at economic highereducation establishments. The author believes applied mathematical subjects and ways of teachingrelying on knowledge domain connections may be the answer to the matter. [2]

Law and Economics: Market, Non-market and Network Transactions

It is standard that property development practices, technological innovation and smart governance play a serious role within the accumulation of wealth during a information economy. Hence, the state promotes competition, provides incentives to conserve resources and creates opportunities for voters to push for innovation and invention. As a result, the formulation of economical legal rules is important for shielding belongings rights, totally specified  contracts and effective ex-ante and ex-post systems. However, will economical legal rules improve social group well-being by ever-changing the behaviour of people and basic thuscial structures and trends? And if so, however will these legal norms be promoted? In their Second International Conference on Law and social science, the Indian Institute of Technology Kanpur aimed to deal with the formulation and implementation of economical legal rules whereas at identical time operating towards a bigger dissemination of law and economics-based analysis. This book is that the final outcome of this conference that saw over thirty shows ensue. [3]

The Economics of Industrial Innovation

Examines the historical record of the ascendancy of science-related technology in modern economies, and presents an economic theory of innovation based on that record and it implications for policy-makers. Part One reviews the growth of the chemical, synthetic materials, and electronics industries with particular emphasis on costs, patent rates, firm sizes, marketing efforts, timing decisions. These data support a general theory presented in Part Two concerning the importance of professionalized research and development (R&D) capabilities and market awareness. Empirical data and analysis, including the results of Project SAPPHO, are used to provide further support for the theory. Characteristics of successful innovating firms include R&D strength, marketing abilities, understanding of user needs, and management strength. Implications for optimal firm size and the consequences of and reactions to uncertainty are treated in the remainder of Part Two. [4]

Deficit Financing and Economic Growth in Nigeria: A Preliminary Investigation

The fact that Nigerian economy has tough some setbacks over the last four decades despite the expansion of public expenditure can’t be overemphasized. This study therefore investigates the incessant rises in government expenditure and therefore the implications of deficit funding on Nigerian economic process. It traces varied governmental efforts in revamping the economy between 1970 and 2010, a amount of forty-one years.

From the literature, it absolutely was discovered that deficit funding has become a very important tool to correct distortions in associate degree economy if it’s place into the foremost even handed use. However, in Federal Republic of Nigeria the reverse is that the case because the economy has constantly being at disadvantages in terms of economic science performance, creating it a contentious development. Thus, there’s would like for a study to analyze this. [5]

Reference

[1] Haunted by economic myopia

[2] Problems and Ways of Improving the Quality of Mathematical Training in Students of Economics

POPOVA NV. Problems and Ways of Improving the Quality of Mathematical Training in Students of Economics. (web link)

[3] Law and Economics: Market, Non-market and Network Transactions

Prasad PM, Nagar R. Law and Economics: Market, Non-market and Network Transactions. Vernon Press Titles in Economics. 2018 Aug 7. (web link)

[4] The Economics of Industrial Innovation

Freeman C. The economics of industrial innovation. (web link)

[5] Deficit Financing and Economic Growth in Nigeria: A Preliminary Investigation

Akinmulegun Sunday Ojo1*

1Department of Banking and Finance, Adekunle Ajasin University, P.M.B. 001, Akungba Akoko, Ondo State, Nigeria. (web link)

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