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spending, voracity, and Wagner's law in developing countries. European Journal of Political Economy, 22(4), 908-924. DOI: Alesina, A., Campante, F. R., and Tabellini, G., 2008. Why is fiscal policy often procyclical? Journal of the European Economic Association, 6(5), 1006-1036. DOI: Annett, A., 2006. Enforcement and the stability and growth pact: how fiscal policy did and did not change under Europe's fiscal framework. IMF Working Paper Series WP/05/16. Badinger, H., 2009

REFERENCES Abdel-Kader, M., and Luther, R., 2008. The impact of firm characteristics on management accounting practices: A UK-based empirical analysis. The British Accounting Review, 40 (1), 2-27. doi: Achimugu, A., and Ocheni, S. I., 2015. Application of management accounting techniques in the public sector of Nigerian economy. Journal of Good Governance and Sustainable Development in Africa, 2 (4), 81-87. Adejuyigbe, S. B., Mogaji, P. B., and Adesida, V. K., 2013. Effective management accounting system in food and

Commission. Retrieved July 20, 2016, from Direction of Trade Statistics, International Monetary Fund. Retrieved July 20, 2016, from Disdier A. C., & Head K. (2008). The Puzzling Persistence of the Distance Effect on Bilateral Trade. Review of Economics and Statistics, 90(1), 37-48. Retrieved March 6, 2016, from Egger P. (2008). On the Role of Distance for Bilateral Trade. The World

References Gabidzashvili, B., Kbiladze, D. (2010) The Tactics and Strategy of the Businessmen’s Behavior in Terms of Economic Uncertainty,Tbilisi, Georgia:Universal Kbiladze, D., Metreveli, Sh. (2015) Statistics, Tbilisi, Georgia:Universal Pande, P., Holpp, L. (2005) What is Six Sigma?, USA: Quebecor Anderson, David R., Swenney, Dennis J., Williams, Thomas A. (2012) Statistics for Business and Economics, USA: Cengage Learning Kbiladze, D., Metreveli, Sh. (2016) The shadow economy is retreating: An example of Georgia, EKONOMIKA, Vol. 95(2), pp.108-117 Bokenova, G

References Alesina, A., Ardagna, S. (2010). Large changes in fiscal policy: Taxes versus spending, in: Bown, J.R. (Ed.), Tax Policy and the Economy, vol. 24. University of Chicago Press, pp. 35-68. Alesina, A., Ardagna, S. (1998). Tales of fiscal adjustment. Economic Policy, 13(27), pp. 488-545. Alesina, A., Favero, C., Giavazzi, F. (2015). The output effect of fiscal consolidation plans. Journal of International Economics, 96(1), pp. 19-42. Cardia, E. (1997). Replicating Ricardian equivalence tests with simulated series. American Economic Review, 87(1), pp. 65

trade to unemployment rate. Journal of International Commerce and Economics. Retrieved from Bhattacharya, D., Rahman, M., & Raihan, A. (2002). Contribution of the RMG Sector to the Bangladesh Economy. CPD Occasional Paper Series, 50(6). Dhaka. Chow, P. C. (1987). Causality between export growth and industrial development: empirial evidence from the NICs. Journal of development Economics, 26(1), 55-63. Cushman, D. O. (1983). The effects of real exchange rate risk on

Consolidation Plans. Journal of International Economics , vol, 96, p. S19-S42. Baker, D. (2010). The Myth of Expansionary Fiscal Austerity. Washington, DC: Center for Economic and Policy Research, CEPR Reports and Issue Briefs No 2010-23. Blyth, M. (2013). The Austerity Delusion. Foreign Affairs, 92(3), p. 41-56. Christiano, L., Eichenbaum, M., & Rebelo, S. (2010). When is the Government Spending Multiplier Large? Journal of Political Economy , 119(1), p. 78-121. Caprio, G., Klingebiel, D., Laeven, L. and Noguera, G. (2005). Banking Crisis Database. In: Systemic

. Swoboda (Eds.), Monetary Problems in the International Economy (pp. 41-60). Chicago: University of Chicago Press. McKinnon, R., 1963. Optimum Currency Areas. The American Economic Review, 53, 717-725. Mongelli, F. P., 2002. New Views on the Optimum Currency Area Theory: What is EMU Telling Us? ECB Working paper(138). Mundell, R., 1961. A Theory of Optimum Currency Areas. American Economic Review, 51(4), 657-665. Ogawa, E., and Kawasaki, K., 2007. East Asian currency cooperation. Japan. Skořepa, M., 2011. A convergence-sensitive optimum-currency-area index. IES Working

:// Grinold, R. C. & Kahn, R. N. (2000), “Active portfolio management”, McGraw Hill New York, NY. Gurdgiev, C. & Trueick, B. (2016), “Crisis Contagion from Advanced Economies into BRIC: Not as Simple as in the Old Days’ Lessons from the Great Recession: At the Crossroads of Sustainability and Recovery”, Emerald Group Publishing Limited, 1-20. Huij, J. & Derwall, J. (2011), ‘Global equity fund performance, portfolio concentration, and the fundamental law of active management’, Journal of Banking & Finance 35(1), 155-165. Kacperczyk, M.; Sialm, C

do we think of the jobs that might have been lost because of these computers and machines. Today, we no longer fear the computer that Professor Simon was afraid of, but something more profound: artificial intelligence (AI) or the capacity of machines to make predictions using large amounts of data to take actions in complex, unstructured environments ( Agrawal et al., 2018a ). Complex decision-making under uncertainty is at the heart of modern economies. Whether as a consumer deciding which products and services to consume, as an employee when it comes to choosing