Revista de economía global

Recent economic tools include Structural Mechanics to solve outstanding problems. Some term it Econophysics or what I call Physical Economics. With the long-standing developments in structural engineering, namely Matric or the stiffness method, it is possible to make use of this theory to form a proof for an equation that links gross domestic product (GDP) to the individual consumer. This paper presents that solution with the knowledge of the stiffness coefficient. It is important because it links macroeconomics to microeconomics, in a solution that is possible to program, especially with the data of debit transactions.

It is hard to think development of a nation without the development of rural economy, neglecting of rural means neglecting of overall development. The real development of India lies in the economic betterment of rural people for which government needs to make strong economic policies and better implementing strategies. MGNREGA is the scheme with lot of alacrity, zeal and potential to boost economy and social transformation of lives at large. Further MGNREGA acts as an engine to achieve the goal of inclusive growth where sustainable developmental parameters are the yardstick to measure development. In this paper we have analysed the Indian perspective of rural development, joblessness of poor, and the socio-economic conditions of rural people through reviewing of previous work. Furthermore, in this paper it is also explained how MGNREGA can be made a cheering scheme and more effective. At last some important suggestions have been proposed to make this scheme more powerful, fruitful and valuable.

The paper serves as background material for the review of debated issues and standpoints in the theory and application of Islamic economics, IE; and for discussion of fruitful research avenues in application of IE to modern economies. The focus is on six areas: (1) theory: links between IE and mainstream economics; while topics (2) to (6) treat applications of the given directives in Islamic economics: (2) replacement of riba by Islamic banking and financial products, (3) replacement of gharar by Islamic insurance and risk management, (4) substitution of haram by Islamic merits, (5) Waqf , and (6) Zakat. The paper proposes some twenty topics of mainly applied research making use of various research methods.

This study aims to identify and examine the influence of service quality, brand image and product quality on consumer purchasing decisions in Mc. Donald. This research is explanatory. The number of samples was 96 respondents taken by purposive sampling method. Collecting data using questionnaires. Data were analyzed with the validity and reliability, cross tables, simple regression analysis, regression analysis, and hypothesis testing using the formula t arithmetic and F arithmetic. The results showed the quality of service positive and significant influence on purchasing decisions, brand image positive and significant impact on purchasing decisions, product quality positive and significant impact on purchasing decisions, and service quality, brand image and product quality jointly influence positively and significantly the purchasing decision.

The adoption of a flexible exchange rate system since 1986 in Nigeria has made the country witnessed varying rate of the naira vis-à-vis the U.S dollar. This paper examines exchange rate volatility with ARCH model and its various extensions (GARCH, TGARCH, and EGARCH) using quarterly exchange rate series from 1986q1 to 2014q4. The impact of exchange rate volatility on non-oil exports was also examined using Error Correction Model (ECM) with two different measures of volatility. The results obtained confirm the existence of exchange rate volatility and also found a significant negative effect on non-oil export performance in Nigeria. Therefore, the Nigerian government should ensure an appropriate policy mix that not only ensures a stable and realistic exchange rate but also conducive atmosphere for production and exportation.

This paper put forward the concept of most frequently used regional currency and discovers there is a U-shape between regional trade integration and it. We choose sixteen in this paper which including all types of regional economic cooperation organisations at the national level. When the proportion of most frequently used regional currency is low, the use of this currency impedes the regional trade. But it promotes the regional trade when it passes the bottom of the U-shape. The transaction cost of the currency contributes a lot to explain this U-shape. Currency status and the political game also act as a significant role. While the proportion of the most frequently used regional currency is relatively low, using this currency is detrimental to the regional trade of the global countries.