This paper analyzes the socioeconomic characteristics of households in Botswana and studies econometrically the relationship between income poverty and socioeconomic variables gender, age, educational status, employment of the household head, number of dependants the household has, health status...

The paper tests the Purchasing Power Parity (PPP) theory in both its absolute and relative version for the Republic of South Africa (RSA), for the sample period from the second quarter of 1993 to the second quarter of 2003. The cointegration and error correction methodologies are employed in...

Today tourism represents one of the most dynamic economic sectors of the world. Although majority of international tourism takes place within the developed world, recently tourism has increased significantly in the developing countries, mainly in the Southeast Asian and Pacific countries. This...

It is generally accepted that the government plays a major role in promoting and/or financing private capital formation. Policymakers and analysts believe that public investment provides a significant stimulus to private investment, and thus serves as an instrument in achieving a high economic...

The paper analyzes the effect of the US 1990 Clean Air Act Amendments on Wyoming low sulfur coal demand. The demand for Wyoming coal is estimated using an adaptation of Heckman s (1979) two-stage estimator. The results indicate that variation in sulfur allowance prices has little impact on the...

This paper employs cointegration technique and error correction model to examine the long run causal nexus between foreign direct investment and foreign trade (imports and exports) in India. The databases are on monthly basis and it covers the period from July 1992 to October 2003. By and large,...

Based on the structure models of options pricing (Dai and Qin, 2005), this paper presents the models using which the optimal criterion for executing American options could be computed. By using these models, one can find the choosing criterion and optimal prices to exercise the American call and...

Asia is becoming a global hub for agricultural commodity trade. Rice is an important staple food for most of the Asian population. Most of the international rice trade takes place within Asia. Efficient and integrated rice markets in Asia are essential for improving the volume of rice trade as...

This paper endeavors to contribute to the debate on the relevance of non-linear forecasts in the financial markets. To that end, this study forecasts the Yen-based Ringgit by using the Exponential Smooth Transition Autoregressive (ESTAR) model. When formally assessed for forecast accuracy, the...

This paper explores the empirical relationship between budget and current account deficits in the case of a small developing country, Tunisia. The main objective of the investigation is to test the empirical validity of the Ricardian Equivalence Proposition (REP) compared to the Conventional...