Economics 21

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  GLOBAL SOCIAL STATUS, NATIONAL SPIRITS OF CAPITALISM, AND ECONOMIC DEVELOPMENT

  This paper constructs a global economic growth model with endogenous social status, endogenous preferences, and wealth accumulation. The economic system is based the Solow model, the Uzawa two-sector model, and the Oniki-Uzawa trade model. We base our approach to measuring social status on some ideas in the literature of economic growth with ... This paper constructs a global economic growth model with endogenous social status, endogenous preferences, and wealth accumulation. The economic system is based the Solow model, the Uzawa two-sector model, and the Oniki-Uzawa trade model. We base our approach to measuring social status on some ideas in the literature of economic growth with endogenous growth. The model is specially based on a model proposed by Zhang (2016). This study considers relative social status as a function of a country’s relative wealth per household with the global average per household wealth. It treats time distribution between leisure and work as endogenous variables. The world economy is composed of any number of national economies and each national economy consists of one capital goods sector and one consumer goods sector. National economies differ in social status, preferences, spirits of capitalism, and productivities. We build the model for -country world economy and express the dynamics with differential equations. We simulate the movement of a 3-country global economy and carried out comparative dynamic analysis with regard to some parameters

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  LOW CARBON FOOTPRINT TRADE

  The impact which trade has on the economy, the performance of business entities and the daily life of individuals is in result of the immense significance and the scope it has acquired as a business activity. Although contemporary trade contributes to the carbon footprint of economic activity on the environment, it also provides a number of ... The impact which trade has on the economy, the performance of business entities and the daily life of individuals is in result of the immense significance and the scope it has acquired as a business activity. Although contemporary trade contributes to the carbon footprint of economic activity on the environment, it also provides a number of feasible opportunities for neutralizing the effect of the carbon footprint. While acting as the intermediaries in the exchange of goods and services, the agents engaged in trade need to develop efficient systems for waste management and resource allocation which, in addition to environmental benefits, will produce commensurate economic effects

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  THE SUSTAINABLE DEVELOPMENT OF THE BULGARIAN TRANSPORT SYSTEM

  The paper aims to provide a theoretical overview of the nature of the transport system within the context of sustainable development and to study the framework indicators of the development of freight and passenger transport so as to identify opportunities for improving the infrastructure and applying global practices to the Bulgarian transport ... The paper aims to provide a theoretical overview of the nature of the transport system within the context of sustainable development and to study the framework indicators of the development of freight and passenger transport so as to identify opportunities for improving the infrastructure and applying global practices to the Bulgarian transport sector. The paper therefore provides a theoretical overview of the nature of the transport system and the sustainable development of decision making to overcome spatial disparities between freight and passengers. The effects and indicators of sustainable development of the transport of passengers and freight have been systematized. The research focuses on two major areas and has two main objectives: to ensure high mobility of freight and passengers and to reduce the adverse impact of transport on the environment, in line with the ‘Energy consumption as a percentage of the GDP’ indicator and measured through specific indicators. The study also focuses on two other framework indicators ‘Security and safety’ and ‘Environmental indicators’. The analysis is based on official statistics from Eurostat and the Bulgarian National Statistical Institute. Based on the theoretical overview and the analysis of the empirical data, we have identified local problems as well as opportunities for improving the quality of the transport infrastructure in Bulgaria and adjusting world practices to the situation in Bulgaria in order to contribute to the active implementation of sustainable development ideas to the transport sector in the country.