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Impact of culture on economic development

Posted by forecastingtool on May 24, 2016 at 4:05 PM Comments comments (0)
The quantitative impact of cultural traits to economic growth on a country level. In order to measure culture, in the sense of standard behaviors characteristic to the people of a certain country, we use the six dimensions first introduced by professor Geert Hofstede: Power Distance, Individualism, Masculinity, Uncertainty avoidance, Long term orientation, and Indulgence.


Find more about the relationship betw...
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What makes the economy tick - Part IV - US vs. USSR rivalry

Posted by forecastingtool on June 15, 2015 at 6:40 PM Comments comments (0)


Although the history and implications of the Cold War between the US and the USSR are well documented, it is still not quite clear why it ended up as it did, with the collapse of the Soviet Bloc and a clear win for the US.


Using a methodology presented in the recent post, “What makes our world and the economy tick?”...

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What makes the economy tick - Part III - Ancient Greece

Posted by forecastingtool on February 14, 2015 at 5:50 PM Comments comments (0)


The ancient Greek civilization emerged during the 8th century BC, almost out of nowhere, reaching a peak point in just three centuries, the Golden Age of Pericles in the 5th century BC that is still considered one of the most brilliant moments of human history.


Although the marvels of Ancient Greece are common knowledge today, it is still not quite clear what triggered this important period of development.


By using a methodology prese...

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Greek GDP forecast: a lost decade?

Posted by forecastingtool on November 19, 2014 at 2:35 PM Comments comments (1)


As the Second Economic Adjustment Program for Greece is soon coming to an end, there is a growing debate about the impact of the agreed austerity measures, whether the economic recession is finally over, and, most of all, what the next day may be.

 

In order to evaluate the course and future potential of the Greek economy, in terms of GDP value and growth levels, we used a double

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What makes our world and the economy tick? Part II: China vs. The West

Posted by forecastingtool on September 17, 2014 at 5:00 PM Comments comments (0)

China’s recent growth frenzy should not be a surprise. Its economy has been one of the largest in the world in the last two thousand years, reaching a peak point near the beginning of the 19th century, accounting for almost one third of the global economy at the time. However, by the mid-20th century the Chinese Empire and its economy collapsed to a mere 5% contribution to global GDP only to rise again after Deng Xiaoping assumed power in 1977. Key in understanding these econ...

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What makes our world and the economy tick?

Posted by forecastingtool on August 27, 2014 at 11:35 AM Comments comments (2)

Although it is common knowledge that the development of the past 500 years is based on a series of important discoveries that helped shape our modern civilization, we still don’t understand exactly how innovation adds value to the economy and, even more, how to quantify this relationship. This post will shed some light to the relationship between innovation and economic growth and help us understand how our decisions and efforts today may influence our future!


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The rise and fall of modern empires: concluding report

Posted by forecastingtool on January 12, 2014 at 1:55 PM Comments comments (1)

“The rise and fall of modern empires” series, posted on a few selected LinkedIn groups, received thousands of insightful comments that inspired this concluding report to sum-up the discussion and expand on China’s potential for future development.

You can download the concluding report and original posts (Parts I-III) of the “The rise and fall of modern empires” series from the following links:

 

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A new method and iPad application to Forecast Stocks like species by Dr. Theodore Modis

Posted by forecastingtool on September 15, 2013 at 11:45 AM Comments comments (2)

In the stock market where you invest your money by buying shares there is competition. The competitors are all the issues traded on the Big Board. They can be seen as species engaged in a Darwinian struggle for survival of the fittest. They compete for investors’ favour. In this approach the shares behave like species and the stock market like an ecosystem. But despite appearances, price is not the competitive variable involved, because price simply does not constitute...
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The rise and fall of modern empires - Part IIIb

Posted by forecastingtool on August 28, 2013 at 8:45 AM Comments comments (0)


As we found out in Part I and Part II, although economic power has been shifting from the West to the East for many decades, income inequality still holds strong around the World. In

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The rise and fall of modern empires - Part IIIa

Posted by forecastingtool on July 10, 2013 at 6:05 PM Comments comments (2)

As we found out in Part I and Part II, although economic power has been shifting from the West to the East for many decades, income inequality, in terms of GDP per capita, still holds strong around the World. In Par...

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