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Sep 14, 2017Open    AccessArticle

The Incidence of Capital Flight in an African Open Economy

Oluremi Ogun
This study investigated the incidence of capital flight in Nigeria. A combination of the push factors theory and the portfolio risk approach was employed. The policy and economic environments and political developments were suspected enabling factors. The analysis was confined to the short run in order to avoid the ambiguity inherent in the long run effects of some explanatory variables. Following from the preliminary data analysi

Aug 19, 2016Open    AccessArticle

Emerging Markets and the Pacific Alliance

Luis F. Copertari
Humanity faces today several challenges, from environmental deterioration to consumerism and a demand from the economy to sustain exponential growth over the long term. A new middle class in emerging markets in Latin America and Asia is gaining purchasing power. The issue of exponential growth is explored as to whether or not it is really sustainable based on a computational experiment. Also, the very idea of money is scrutinized.

Jan 30, 2015Open    AccessArticle

The Effect of Credit Usage on Touristic Consumption and Application in Turkey

Kudret Gul, Melike Gul
Turkish tourism was developed as more dependent on external demand until the 2000s. With the effect of increase in demand of domestic tourism, Turkish tourism has gained more stable and more balanced structure in the early 21st century. Economic stability in recent years, personal income growth, developments in the banking and finance sector play an important role in this increase in demand for domestic tourism. In parallel to these developments in Turkey, increasing use of consumer credit has i...