Neoclassical models of economic development are currently in fashion in policymaking circles. The experience of developing countries, notably Kenya, decreases the validity of this model. Kenya at independence invested in small-scale agriculture, where the majority of its population was employed...

Employing a battery of unit root and cointegration tests, using the U.S. annual data on saving and investment rates over the period 1950-2002, this paper presents new econometric evidence to show that in the United States, the Feldstein-Horioka puzzle does not hold valid. This finding is...

This paper assesses the evolution of occupational segregation by sex using comparable data sets for Costa Rica, Ecuador and Uruguay over the 1989-1997 period. We estimate segregation indices using two-digit occupational categories for the entire employed labor force and also for sub-samples with...

This paper is an attempt in analyzing the factors that affect the choice of retail banks by customers residing in the Niger Delta Region of Nigeria. The study involved a survey of 1000 bank customers using the questionnaire as the vital research instrument, augmented with personal interviews of...

We estimate the impact of dollar changes on the value of German DAX corporations, using APT-modelling for the period 1977 - 1995. Several macroeconomic risk factors, including the dollar and a residual market factor representing the general market risk, are specified. The general notion is that...