This study examines the evolution of bilateral trade relations between China, New Zealand and her selected major trading partners such as, Japan, United States, Hong Kong, South Korea and Germany. The present study adapts a variety of approaches to investigate these developments. First, it...

We study the necessary and sufficient conditions for the existence of equilibrium for majority rule. A new and an alternative set of conditions for the existence of equilibrium for majority rule are proposed, which increases the three Plott conditions by three. They are an angle, a convex cone,...

The primary objective of this study is to testing weak form market efficiency of Istanbul Stock Exchange. A random walk test is performed for weakform efficiency. The testing of market efficiency of the market it was used istanbul stock exchange's daily stock returns for random walk over the...

Consider an industry where a "home" and a "foreign" firm compete on the basis of both price and quality. Further, suppose cost considerations imply that potential market size is positively related to quality. This paper suggests that it is not necessarily the case that both the home and foreign...

This study investigates the sensitivities of the Turkish banking system to interest and exchange rate changes in the years 2002 and 2003. The major banks operating in Turkey as of year 2002 are initially classified into two seperate groups as state owned and private banks. By employing various...

The European Union has added ten new members (EU 10) on May 1, 2004. This expansion is unique both in terms of the number of countries involved and their backgrounds. This paper compares the new and old members in economic terms, analyzes historical trading patterns, and looks into foreign...

This paper was presented at the 15th International Conference of the International Trade and Finance Association in Istanbul, Turkey, May 20, 2005.

Mexico's entry into NAFTA in 1994 has brought the country the benefits of greater integration with its neighbors to north. Mexican exports have become an important engine driving the country's economic growth, but these are highly concentrated in a few sectors, included the maquiladora sector....

As we enter the 21st century, Paraguay, a country of 5.2m people, is only "reluctantly" and at "glacial speed" making tentative moves to put in place the necessary ingredients to promote sustained growth and development within a fiercely competitive regional and global economy to the end of...

It has been suggested that economic openness and political openness (democracy) complement and support each other. An analysis of this possible connection suggested that there were connections in some time periods, and that economic openness appeared to be more important as precursor to...