Estimating economic effects of political movements in China

Article Abstract:

The effects of the Great Leap Forward Movement in 1958-1962 and the Cultural Revolution in 1966-1969 on the Chinese economy are estimated. An econometric model with a single sector and including aggregate output, consumption, physical capital stock, investment and total labor force as major variables is developed to analyze the influence of the two political movements. Results show that absence of one or both of the movements would have led to higher consumption per laborer.

China

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Towards an economic approach to imperfect meritocracy

Article Abstract:

A study was conducted to analyze a framework of a politician's behavior in an imperfect meritocracy model. Factors that influence a politician's behavior were examined. Possible causes for the emergence of a system of imperfect meritocracy were then discussed. These include careerist politicians and weak institutional settings. Results indicated the need for society to encourage competent politicians to limit the consequences of imperfect meritocracy.

Politics NEC, Behavior, Politicians

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Islamic venture capital: a critical examination

Article Abstract:

Research is presented concerning the critical examination of the musharakah and mudarabah models which are used for the mobilization and raising of venture capital in Islamic countries. Institutional issues are discussed.

Capital Management-Venture Capital, Venture capital companies, Middle East, Economic research, Venture capital, Industrial development, Industrialization

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