The purpose of this study is to investigate the long and short-run relation between stock index and exchange rates for India. The study uses cointegration methodology to test for the long-run relationship. Empirical results suggest that there is no long-run relationship between them....

In this paper, we try to analyse the long-run relationship between the stock prices of emerging markets in the Europe, Middle East and Africa (EMEA) region and the US market. Our aim is to find out whether these markets provide opportunities for international diversification to US investors. We...

The conventional measure of the Human Development Index (HDI) is a linear average in three dimensions, HDI<SUB align="right"><SMALL>1</SMALL></SUB>. This is indifferent to uniformity in attainment across dimensions. An alternative, HDI<SUB align="right"><SMALL>2</SMALL></SUB>, based on the shortfall from the ideal using Euclidean distance, addresses the above anomaly. These...</small></sub></small></sub>

This paper analyses the influence of operational management decisions on Technical Efficiency Change (TEC) and Technological Progress (TP) and thereby Total Factor Productivity Growth (TFPG) in four sectors of Indian hardware electronics industry after liberalisation. A three-step approach has...

The emergence of market economy in Poland has created fertile ground for the development of consumerism. After decades of living in shortage economy environment Polish consumers have plunged into magic, colourful world of consumption. The basic objective of the paper is to determine if...

While there is a large number of empirical studies on the effects of corruption on economic growth, studies on the relationship between corruption and Private Domestic Investment (PDI) are scared. Therefore, the main purpose of this study is to examine empirically the effects of corruption on...

Most of the papers in corporate finance use the investment-cash flow sensitivity as a key metric to gauge financing constraints. However, it has been documented in the theoretical and empirical literature that this metric is not necessarily symptomatic of financing constraints. In this paper, we...

In this paper, we examine the issue of volatility for both official and black market exchange rates of the Turkish lira using the monthly exchange rate against the US dollar for the period 1969-1998. The main findings are: 1) conditional shocks have a positive effect on exchange rate volatility;...

This paper explores shared trends and shared cycles between crude oil market and global food commodity markets for wheat, rice, sugar, beef, coffee and groundnut. The results of the paper indicate that there is no evidence of shared trend and common cycle between crude oil market and each of the...

Trade liberalisation in agriculture can be acceptable only if developing countries can be convinced of its benefits. Apprehensions about the effect on market volatilities and the resultant implications for supply have however slowed down negotiations. Time-series analyses of data on select...