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PROGRESS IN ECONOMICS RESEARCH, VOLUME 14 -- PROGRESS IN ECONOMICS RESEARCH, VOLUME 14 -- CONTENTS -- PREFACE -- Chapter 1VALUATING CASH FLOWS IN AN INFLATIONARYENVIRONMENT: THE CASE OF WORLD BANK1 -- Abstract -- Introduction -- Section One: Approaches to Valuation in an InflationaryEnvironment -- Section Two: A Review -- Section Three: Implicit Assumptions for Identical NPVs -- 1. No Taxes -- 2. All Cash Excess Is Distributed to the Equity and Debt Holders

Intro -- Contents -- Preface -- Chapter 1 -- Solow Growth Model with Network Production Functions: Theoretical and Empirical Explorations -- Abstract -- 1. Introduction -- 2. Theoretical Background -- 3. Production Network and Exogenous Economic Growth -- 3.1. A Basic Solow-Swan Model -- 3.2. A Solow Model with Production Networks -- 3.2.1. Case 1. Empty Production Network -- 3.2.1.1. Growth Rate in the Empty Network -- 3.2.2. Case 2. One-Way Linear Network -- 3.2.3. Case 3. Incoming Star Network -- 3.2.4. Case 4. Outgoing Star Network -- 3.2.5. Case 5. Two-Way Production Network -- 3.2.5.1. Steady State Rate of Growth -- 3.2.6. Case 6. Two-Way Star Network -- 3.2.6.1. Steady State Rate of Growth -- 3.2.7. Case 7. Complete Network Production -- 3.3. The Source of Growth: Sectoral Technical Progress and Its Diffusion -- 3.4. Idiosyncratic Shocks and Growth -- 4. Empirical Exploratory Findings -- 4.1. Pool Estimations -- 4.2. System and Difference GMM -- Conclusion -- References -- Chapter 2 -- Government Sector and Regional Corruption: Evidence from Italian Regions* -- Abstract -- Chapter 3 -- An Investigation into the Development of Aberdeen as a -- Leading Leisure Destination -- Abstract -- 1. Introduction -- 2. The Leisure Tourism Industry in Aberdeen -- 2.1. Regeneration -- 2.2. Cultural Tourism -- 2.3. Cultural Regeneration within Aberdeen -- 3. Methodology -- 3.1. Research Philosophy -- 3.2. Sampling Technique -- 4. Results and Analysis -- 4.1. Introduction -- 4.2. The Leisure Tourism Industry within Aberdeen -- 4.2.1. Accommodation -- 4.2.2. Transport -- 4.3. Regeneration -- 4.3.1. Barriers to Regeneration -- 4.4. Events Tourism -- 4.5. Perception -- Conclusion -- Recommendations -- References -- Chapter 4

Intro -- Contents -- Preface -- On the Harmfulness of Excessive Public Debt Levels in a Zero Lower Bound Framework -- Abstract -- 1. Introduction -- 2. The Model -- 2.1. Households -- 2.2. Firms -- 2.3. Budgetary Policy of Country (i)'s Government -- 2.4. Global Equilibrium -- 3. Determination of Optimal Economic Policies -- 3.1. Optimal Economic Variables -- 3.2. Preferences of the Common Central Bank -- 3.3. Preferences of Country (i)' Government -- 3.4. Calibration of the Model -- 4. Optimal Equilibrium when the Zero Lower Bound is Not Binding -- 4.1. Optimal Economic Policies -- 4.2. Stabilization of Productivity Shocks -- 4.3. Stabilization of Fiscal Shocks -- 5. Optimal Equilibrium When the ZLB is Binding -- 5.1. Shocks on the Preferences of Economic Agents -- 5.2. Productivity Shocks -- 5.3. Fiscal shocks -- Conclusion -- Appendix A: Optimal Economic Variables in All the Monetary Union -- Appendix B: Optimal National Economic Variables -- Appendix C: Expression of the Public Debt Level -- Appendix D: Optimal Economic Variables when the ZLB is Not Binding -- Appendix E: Optimal Economic Variables when the ZLB is Binding -- References -- Scenario Forecasting After the Great Recession -- Abstract -- 1. Introduction -- 2. Description of House Price Dynamics Prior to the Great Recession -- 3. Stochastic Process for Home Prices -- 4. Empirical Model -- 5. Scenario Forecasts for Home Prices: Adverse Scenario -- 6. The Effect of Great Recession on Adverse Scenarios -- 7. Model Uncertainty Buffers Relate to Data Filters -- Conclusion -- References -- Amartya Sen's Socio-Economic Analysis of Famines: An Overwiew of the Entitlement Approach -- Abstract -- 1. Introduction -- 2. The Key Concepts of the Entitlement Approach -- 2.1. Endowments, Entitlements and E-Mapping -- 2.2. Food Entitlement Failure as a Cause of Famines

Intro -- Contents -- Preface -- Chapter 1 -- Perceived Employability, Job Insecurity, and Well-Being -- Abstract -- Perceived Employability, Job Insecurity, and Well-Being -- Psychological Experience of Job Loss -- Job Insecurity -- Work Engagement -- Employability -- Self-Efficacy -- The Present Study -- Method -- Participants -- Measures -- Procedure -- Results -- Preliminary Analysis -- Testing the Model -- Discussion -- Limitations -- Conclusion -- Acknowledgments -- References -- Chapter 2 -- Efficiency, Technology, and Productivity in Australian Urban Water Utilities -- Abstract -- 1. Introduction -- 2. Malmquist Indexes of Productivity and Technical Change -- 3. Specification of Inputs and Outputs -- 4. Results -- Conclusion -- References -- Biographical Sketch -- Chapter 3 -- On the Analysis of Price Dynamics in Agricultural Markets -- Abstract -- Introduction -- LOP, Spatial Arbitrage, and Market Integration -- On the Analysis of Spatial Arbitrage -- On the Analysis of Marketing Margins -- On the Analysis of Vertical Price Transmission -- Conclusion -- References and Further Readings -- Chapter 4 -- An Overview of Interstate Gas Pipeline Regulation in the United States -- Abstract -- 1. Introduction -- 2. Early History -- 3. Wellhead Price Controls -- 4. Market Restructuring -- 5. Capacity Release -- 6. Other Relevant Laws and Regulations -- 7. Looking to the Future -- Conclusion -- References -- Biographical Sketches -- Chapter 5 -- The Concept of Global Currency and Global Government -- Abstract -- Introduction -- The Concept of Global Currency -- The Concept of Global Government -- Conclusion -- References -- Chapter 6 -- What Drives Restaurants Bankrupt? A Survival Analysis Perspective -- Abstract -- Introduction -- Literature Review -- Covariates of Bankruptcy -- Survival Analysis in Bankruptcy Prediction -- Methodology

Intro -- Contents -- Preface -- Chapter 1 -- Exploring Economic History: Dutch Governmental Structure and Foreign Trade Policy Success, 1602-1672 -- Abstract -- 1. Introduction -- 2. Elaboration of the Structure of Government -- 2.1. Central Government under the Habsburgs -- 2.2. The Structure of Central Government -- 2.3. Holland: Provincial and Municipal Government -- 2.4. Analysis of the Structure of Government -- 2.5. Was the Dutch Republic Unified Economically? -- 3. The Structure of the Dutch East India Company -- 3.1. The Directors and Chambers of the VOC -- 3.2. Central Management of the VOC -- 3.3. The VOC and Its Shareholders -- 3.4. Batavia: The Foreign Seat of the VOC -- 3.5. Analysis of the Structure of the VOC -- 4. Capital Markets, Currency Markets, and the VOC -- 4.1. Banking Institutions in the Republic -- 4.2. Public and Private Borrowing -- 4.3. Speculation and Share Trading in the Republic -- 4.4. The Direct Effect from Capital Markets on the VOC -- 5. The Analysis of Operations: The 'Rich Trades' -- 5.1. Dutch Foreign Policy and Trade -- 5.2. Growth and Inter-Asian Trade: 1602-1650 -- 5.3. The Patria and the Company in Asia: Relations -- 5.4. Stability and Dominance: 1650-1672, and Beyond -- 6. The Structure of Government and the Success of the VOC -- 6.1. The Structure of Government and Foreign Economic Policy Success -- 6.2. Capital Markets and the VOC -- 6.3. Other Factors -- 6.4. A Holistic View on the VOC and Government Structure -- 7. Relevance for Modern Trade Policy -- Conclusion -- References -- Chapter 2 -- Economic Growth and Development: An Opportunity for Tourism -- Abstract -- Introduction -- Impact of Tourism Activity on Economic Development -- Transformation of Tourism Activity into Economic Development -- Criticism of the Interaction between Tourism and Economic Development