The aim of this study is to investigate whether the level of financial development can make a significant contribution to the Foreign Direct Investment¡¯s (FDI) positive impact on economic growth. In other words, to examine whether the contribution of FDI on growth is relatively more important...

Much empirical research has already been conducted in order to analyze how speculation affects commodity and especially food prices. This paper examines the effects of speculation based on the most recent research. It is time to break with the innumerable studies examining the same material, yet...

The aim of this paper is to analyze the cross-market interactions between crude oil prices and wheat prices. We investigate the dynamic relationship between world oil market and wheat market in assumption that the increase of volatility in wheat price is caused by the exogenous crude oil price....

In this study we present an analytical framework providing guidelines for discussions and expositions on the various possible transmission mechanisms of the impacts of the global crisis on the Chinese economy. While the crisis had discernible impacts on its finance, the main channels through...

A Payment Cost Minimization auction has been proposed as an alternative to the Offer Cost Minimization auction for use in wholesale electric power markets with an intention to lower procurement cost of electricity. Efficiency concerns have been raised for this proposal while assuming that the...

Specializing in the export of products made intensively from relatively abundant factors of production and in the import of those made from relatively scarce ones has had a lot of traction in international trade practice. Ample evidence, however, now shows that some nations are gaining a...

In this paper, using the 2011 national economic accounting data of the provinces, we evaluated the government department performance by factor analysis. And then calculated the local government department's total output taking advantage of the labor production efficiency. And the labor...

Previous studies have used the stock market approach to find the aggregate number of (firms with) foreign exchange exposures in a given country, region, or industry. Methodologies have differed in many aspects but two of the most basic differences relate to observation frequency and the choice...

The purpose of this paper is to test whether the Lebanese foreign exchange rate market is weak form efficient by studying the stochastic behavior of six foreign currencies against the Lebanese pound on a daily basis. Efficiency requires that the data meet more than one condition. The first...

We present a model of the nonprofit organization that leads to an allocation in the economy that is Pareto Optimal. This is in contrast to the usual assumption that an economy in which individuals exhibit altruism will not lead to a Pareto Optimal outcome. The presence of nonprofit organizations...