During transition, almost a quarter of the Albanian labour force migrated to EU countries.The vast majority migrated illegally and temporarily to work abroad. This paper analyzes the determinants of Albanian migration from rural areas based on a unique representative survey of rural households....

After 50 years of independence, Africa is still a profoundly agrarian continent where 2/3 of the people directly or indirectly derive their living from agriculture. The central question facing African governments and donor agencies today is “What can be done to transform agriculture in...

I summarize recent advances in the literature on inflation dynamics. This has been a very productive area of research due to the development of the so-called New Keynesian model and the availability of new macroeconomic and microeconomic evidence. Nevertheless, there still remain a number of...

This study investigates determinants of goodwill impairment decisions and their disclosure quality. Under IAS36 goodwill is subject to an annual impairment test in which the carrying amount of goodwill is not allowed to exceed the recoverable amount. However, valuing this recoverable amount is...

This study extends the growing literature (e.g., Kinney and McDaniel (1989), Richardson et al. (2002), Palmrose et al. (2004), Desai et al. (2006)) on restatements of financial statements of companies due to non-GAAP reporting.2 This paper examines the influence of announcing an accounting...

This paper investigates how the choice of public expenditure instrument is affecting capture in the public education sector. We analyze data on two public funding schemes in Madagascar. We find that there is much more capture of in-kind than of cash transfers. Capture of both instruments...

In the context of the structural transformation of the Mexican economy, we conduct a comparative analysis of incomes of farm households relative to non-farm households over the last two decades. We use household-based budget surveys from 1984 to 2004 that are collected and harmonized by the...

World cocoa production and exports are dominated by West Africa. Post-independence governments inherited and maintained marketing board or caisse de stabilisation institutions which organized and, in certain cases also monopolized, both internal and external marketing of cocoa exports. These...

Investors who want to profitably trade stocks which they believe to be undervalued or overvalued are facing not just transaction costs: also cash constraints and short-selling restriction can hinder them. Intuitively, the more onerous friction may seem to be short-selling: borrowing shares from...

In the literature on the evolution of farming systems in Sub-Saharan Africa, the food versus cash debate on the competition versus complementarity between food and export crops (such as cotton) in agricultural development seems to offer contrasting views on rural development. The purpose of the...