An artificial neural network (hence after, ANN) is an information processing paradigm that is inspired by the way biological nervous systems, such as the brain, process information. In previous two decades, ANN applications in economics and finance; for such tasks as pattern reorganization, and...

The article shows that reservations in Europe against Turkey's future membership are really groundless. A Muslim nation already was a member of the EU: Algeria. When Algeria was still a colony, it joined the EU (then: European Economic Community) on January 1st 1958 as a French "Departement",...

A linear and lagged relationship between inflation and labor force growth rate has been recently found for the USA. It accurately describes the period after the late 1950s with linear coefficient 4.0, intercept -0.03, and the lag of 2 years. The previously reported agreement between observed and...

In this paper, we examine the exchange rate volatility in selected new EU Member States (Czech Republic, Hungary, Poland, Slovakia) and candidate countries (Croatia, Romania, Turkey) using TARCH model and daily data from the period May 2004 – December 2006. Besides the volatility estimation,...

“Being rich in energy resources – a blessing or a curse” finds that an energy resource curse plagues many EU supplier states. This in turn directly affects Europe’s energy supply security and threatens to engulf Europe in unwanted hostilities at home and abroad. The study addresses seven...

Since the 1987 Single European Act, the European Union has deepened its integration process. In the case of the determination of the common external tariff, deeper integration implies that the tariff reflected union-wide preferences. If integration is still shallow, though, the observed tariff...

The book, which is available on-line, evaluates the performance of the EU accession countries in the field of social security; disabled people and social inclusion; youth, family and generation policy matters, health policy and veterinary policies. The overall positive evaluation of the maturity...

Bedevilling the ongoing debate about changes in real-incomes in late-medieval western Europe, especially during the so-called ‘Golden Age of the Labourer’, is the very troubling issue of ‘wage-stickiness’. The standard and long-traditional explanation for this supposed ‘Golden Age’...

The highly important issue by which a company ensures its required capitals, both as volume, and as structure in due time and at low costs renders the financing decision an essential role in the administration and management process. Selecting the capital structure at company level implies both...

A linear and lagged relationship between inflation, unemployment and labor force change rate, π(t)=A0UE(t-t0)+A1dLF(t-t1)/LF(t-t1)+A2 (where A0, A1, and A2 are empirical country-specific coefficients), was found for developed economies. The relationship obtained for France is characterized by...