Article 1: Credibility of the Author
Because it was written by an experienced author, this article is credible. The author, in particular, provides a thorough background on the subject. In this regard, he presents information on a variety of topics that deserve serious consideration, such as national democracy, global problems, accountability, and collective action. He goes on to say that social turbulence is frequently caused by a lack of equality among significant factors such as flawed global policy, a fragmented global community, and an integrated global community. Besides, the author points that issues of inequality need to be addressed to deal with technological disruptions, build more social capital, and transform education. For these reasons, the author suggests an idea of a UN conference that should involve all nations to determine how the states will balance human security, economic development, and environmental sustainability by consulting policymakers, legal norms, underlying values as well as civil and business society principles. The detailed information that the author provides shows that he has in-depth insight regarding matters of both national and international importance. Besides, the fact that the article is peer reviewed also increases its credibility regarding the information it provides. The credibility of his arguments makes the article a suitable read for issues regarding governance.
Article 2: Stochastic Dominance Ranking
Gao, J. & Zhao, F. (2017). A New Approach of Stochastic Dominance for Ranking Transformations on the Discrete Random Variable. Economics Open-Access, Open-Assessment E-Journal. http://www.economics-ejournal.org/economics/journalarticles/2017-14
This article appears appropriate because the author has a broad experience in economic studies. In particular, the authors offer information regarding how the stochastic dominance (SD) criteria can be used to rank transformations of a random variable. For starters, the authors propose that there should be a condition that meets the requirements for transformation by the first SD degree (FSD) and build it up further into sufficient and required conditions for a monotonic transformation. On the other hand, the second SD degree (SSD) requires the division of monotonic transformation into decreasing and increasing categories to get sufficient and necessary conditions to achieve it. The article notes that this new SD criterion is distinguished by two main features; the probability distribution of a random variable and the transformation function of each FSD condition. Gao and Zhao provide insightful information regarding the stochastic dominance and how other SD degrees can be achieved by giving several samples. The article is relevant to economic studies since it has been written by two experienced individuals who merge to create an authentic piece that offers important information regarding current issues affecting the economy and is therefore relevant for a student study.
Article 3: Corruption and SO2 Emissions
Liao, X, Dogan, E & Baek Jungho (2017). Does Corruption Matter for the Environment? Panel Evidence from China. Economics: The Open-Assessment E-Journal, 11 (27). http://www.economics-ejournal.org/economics/journalarticles/2017-27
The article analyzes the connection between energy-SO2 emissions and the income it generates by considering corruption as the primary variable. The panel conducts its study in twenty-nine Chinese provinces over a period of thirteen years (1999-2012). According to the authors, the more the number of corruption cases, the lower the SO2 emissions. Besides, the authors also found out that growth in income also reduced SO2 emissions during the period the research lasted. Also, an increase in the consumption of energy increased S02 emissions. This online article is relevant to the study of SO2 emissions and how income influences it and vice versa because the authors have lots of experiences in the said field. The article provides detailed information collected over a long period and therefore appears credible and well-thought. Therefore, it comes in handy for the study because of its credibility.
Article 4: Foreign Capital Inflow in Developing Countries
Mukherjee, R (2017). Foreign Capital Inflow and its Welfare Implications in Developing Country Context. Economics: The Open-Access, Open-Assessment E-Journal, 11(17). http://www.economics-ejournal.org/economics/journalarticles/2017-17
Mukherjee offers detailed and extensive information regarding the influence of investing foreign capital in a developing country. According to the author, incoming foreign capital widens the gap between the skilled and unskilled, even though it increases the growth of the agricultural and manufacturing sector. The article provides theoretical information regarding foreign capital. Also, the author gives information about various legal systems in multiple countries and the importance of regarding them before making investments. Besides, the author notes that direct investment in foreign capital may work in a free market that operates under no tariff. Thus, the article is relevant for the study of foreign capital, especially in the small developing countries.
Article 5: Economic Policy Lock-in and Lock-out
Palley, T (2017). A Theory of Economic Policy lock-in and lockout via Hysteresis; Rethinking Economists Approach to Economic Policy. Economics: The Open-Access, Open-Assessment E-Journal, 11(18). http://www.economics-ejournal.org/economics/journalarticles/2017-18
This article offers detailed information regarding policy making using the lock-out and lock-in policy by using hysteresis approach. The author notes that policy changes may influence a nation's economy's structure and thus affecting the dissemination of power, income, and wealth. He proposes that using policy lock-in may help to realize emerging issues for optimal design. Some examples of policy lock-in that he suggested include but are not limited to neoliberal policy, globalization, the euro, government spending, and tax policy. According to the author, if governments would consider policy lock-in and lock-out, they may find better approaches to deal with constant economic changes. The article is therefore relevant as it enhances the student's research.
References
Cleary, S (2017). Reconceptualising Transnational Governance: making global institutions fit for purpose. Economics: The Open-Access, Open-Assessment E-Journal, 11(21). http://www.economics-ejournal.org/economics/journalarticles/2017-21
Gao, J & Zhao, F (2017). A New Approach of Stochastic Dominance for Ranking Transformations on the discrete random variable. Economics Open-Access, Open- Assessment E-Journal.http://www.economics- ejournal.org/economics/journalarticles/2017-14
Liao, X, Dogan, E & Baek Jungho. (2017). Does Corruption Matter for the Environment? Panel Evidence from China. Economics: The Open-Assessment E-Journal, 11 (27). http://www.economics-ejournal.org/economics/journalarticles/2017-27
Mukherjee, R (2017). Foreign Capital Inflow and its Welfare Implications in Developing Country Context. Economics: The Open-Access, Open-Assessment E-Journal, 11(17).http://www.economics-ejournal.org/economics/journalarticles/2017-17
Palley, T (2017). A Theory of Economic Policy lock-in and lockout via Hysteresis; Rethinking Economists Approach to Economic Policy. Economics: The Open- Access, Open-Assessment E-Journal, 11(18). http://www.economics- ejournal.org/economics/journalarticles/2017-18
