In this paper we employ an event study approach with GARCH process to uncover whether there were positive impacts on the Taiwan’s stock market during the SARS outbreak period in 2003. The empirical results indicate that the SARS crisis did bring negative impacts on tourism and the wholesale...

Cotton production and chemical use have increased considerably in Mozambique. These changes mean that it is important to understand whether farmers know the hazards of using chemicals and also know the available preventive measures. Observed farmers' behavior leads us to believe that Mozambican...

This paper draws attention to the implications of the foreign direct investment (FDI) in the presence of monopoly power of multinational enterprises (MNEs) in the industries that are natural monopolies of a developing host country. We also take into account the MNEs' behavior that relies on the...

The urban-rural disparity is a common phenomenon in most developing economies. In particular, this disparity is strengthened by the household registration (Hukou) system in China. Chinese economy, as well as its income inequality, rose dramatically in last decades. Most researches show that...

We focus on the potential economic factors of tax revenue in Trinidad and Tobago and present cointegration test statistics for a second order VAR(2) based on Johansen's maximum likelihood approach. Our results suggest a positive relationship between the level of income and the tax ratio and also...

Previous studies that investigated the export led growth hypothesis, relied upon Granger or Sims causality detection approach. Since these approaches employ first differenced variables, any inference could be short-run in nature. In this paper we consider the relation between exports and...

The paper investigates the effect of stock market prices on investment growth using dynamic panel data analysis of selected African countries. In line with theoretical expectations investment responds positively to increases in stock prices. Further analysis based on interaction terms reveals...

This study extends extant research on prenatal care and birthweight to the South American country of Uruguay. The data represent a population of poor women from a less-developed country with a health care system that provides both prenatal and obstetric care free of charge. We find a positive...

Macroeconomic data for G7 countries during 1959–2005 were analyzed to examine the asymmetric effects of monetary and government spending policies on economic growth. A key feature of this study is analysis of the changing distribution of real GDP across countries and over time by quantile...

Using data from 58 countries and the period 1980 to 2003, this paper analyzes how the size of government affects unemployment in developing countries. According to the regression results, a large government sector is likely to increase unemployment. A large share of government consumption in...