Journal of Global Economics

Economics are now using Engineering Mechanics to solve Economic problems. In this paper, we use Astrotheology Mathematics to optimize the GDP equation. This Econphyscis can be used to program a computer to create a real-time computer program to solve unknown variable, such as consumption, in the broad economy.

This paper introduces the regime switching models considered when determining the long run relationships between the Tunisian effective exchange rate and economic fundamentals over a period of 30 years. We employ the threshold cointegration approach in order to investigate the long run non-linear dynamics of the effective exchange rate. We introduce the threshold error correction model (TECM) to illustrate the discontinuity of the convergence process towards the long run equilibrium situation. The obtained results confirm the discontinuous or asymmetrical character of the trajectory of the Tunisian dinar towards its fundamental situation depending on whether Tunisia exchange rate is under - or overvaluation regimes. In addition, structural shifts from selected economic variables, may characterize this discontinuity in the convergence process.

A financial literacy survey among one thousand, nine hundred twenty four (1924) professional and pre-service teachers across different regions of the country is the basis of the study. With the permission standardized tool was used to gather data from the randomly selected respondents from different public and private schools, colleges and universities from Luzon, Visayas and Mindanao. The findings revealed that both professional and pre-service teachers have very low basic and sophisticated financial literacy skills. Thus, financial illiteracy is common among educators which reflect their students’ financial literacy skills and the economic condition of the majority of the Filipino people. Curriculum inclusion of financial education to both basic and higher education is recommended to improve the financial knowledge, behaviour and attitudes among teachers and students which, in turn, spells a better economic growth and development of the country.

Happiness is ultimate goal of human life. It is the outcome of factors such as high purchasing power, quality standard of living, and safety measures for life, profession and family and so on. This research probes whether the scores of happiness, provided by the World Happiness Reports, is same among the continents on average on one hand and whether the scores of happiness differ among the different cultural models based on the five dimensions proposed by Hofstede’s on the other. Further the research suggests how best the countries of low happiness should strive for economic development and transform their cultures by adopting best practices to reach the highest global happiness.

Continuing with the theme of Physical Economics presented in previous papers by the same author, we develop a solution from the stiffness equation from Structural Engineering that allows us to calculate the GDP growth for a broad economy. It is important because this solution can be programmed into computer language to solve for the critical variables that need to be determined to manage the economy. Knowledge of Astrotheology Mathematics is helpful in understanding where some the variable come from and why the golden mean parabola is particularly important.

In Slovenia, no auditing company has any dominant influence. Small auditing companies started to decrease audit fees a few years ago, which triggered a spiral of falling audit fees. The argument stated that auditors should not accept very low audit fees due to competition for business. Competing with the audit fee is limited because it can impair auditor independence and reduce the quality of auditing services. We should mention that, in the last ten years, no other scientific research in the field of Audit in Slovenia has been carried out, apart from the research: of the determinants of voluntary audit Committee formation in a two-tier board system of a post-transitional economy; of the audit market concentration for the segments of listed and non-listed auditees; audit fees in 2016; and the impact of the new EU audit regulation. In line with this observation, there are at least three reasons for choosing Slovenia as a relatively new EU country for our research.

The circular economy approach implies significant different potentials, hurdles and barriers according to different industries and products – so far without systematically taking into account differences between sectors. This paper takes the example of the carpet industry that due to its so far low material recycling rates and resource intensity is highly interesting with regard to further promote and strengthen circular economy activities and outlining barriers as well as approaches for overcoming these. Focussing on the EU market, it analyses current material flows including end-of-life (EoL) treatment patterns as well as existing policy frameworks. In this paper three scenarios of carpet production are compared with regard to the material footprints: a nylon carpet with 100% virgin fibres, another nylon carpet with 50% virgin and 50% recycled fibres and a third carpet made from 100% recycled fibres. Considering the economic and environmental potentials of circular alternatives, the paper argues that focussing on increased recycling rates alone will not be beneficial but could rather lead to higher environmental burdens, if no significant design changes take place. Such changes need furthermore be accompanied by altered policy frameworks in order to make a circular carpet industry a viable option. These conclusions are based on analyses of the regulatory framework and treatment patterns and an environmental impact analysis of primary and secondary carpets.

The main objective behind this paper is to show a relationship between India's exchange rate and key macroeconomic indicators of the Indian economy.
The macro-economic indicators in it-self involve well diversified and broad concepts of Indian financial system. Indicators are further sub divided into various variables as per their functions. If we see the external sector, it includes foreign exchange reserves. Moving on to the financial market, it includes capital market, government securities investments. Another important macroeconomic indicator is the financial sector; it includes reserve money and RBI's open market operations. Finally the fourth sector i.e., the real sector, it includes prices WPI (Wholesale Price Index) and CPI (consumer price index).
This paper examines the evolution of Exchange Rate Policies in the India. It looks at why India have made a transition from fixed or “pegged” exchange rates to “managed floating” or “independently floating” currencies. It discusses how economies perform under different exchange rate arrangements, issues in the choice of regime, and the challenges posed by increasing capital mobility. The paper has been organized in the following sections. Section I provides measurement of daily annualized volatility during various episodes of exchange market pressure and RBI response on that. Section II sets out the concept of impossible trinity. Section III covering the question-where is India in the “Trillemma”. Section IV focuses on the Econometric analysis of Exchange Rate effect on macroeconomic indicators.

This project is an inductive research project aiming to explore new and common innovative strategies of firms from India to internationalize and the challenges faced by Indian companies while going international in form of poor infrastructure, corruption and other aspects which most of the emerging nations have. In this paper strategies of Indian MNCs and companies in entering and competing in global market are studied, in context to, knowledge sourcing, production, technological innovations, brand image building strategies and challenges faced while doing so. Comparative study of the strategies by companies from similar industries is performed to explore better strategies.