Income inequality can be measured at different levels of aggregation such as global, continental, international and national levels. Here we consider income inequality at regions defined as equivalent of continental and sub-continental levels. We investigate the economic disparity between...

In this article, a vector autoregressive model is applied to the two main Portuguese cable television operators in order to obtain a dynamic analysis of the interactivity established between the supply and demand of network services. The results reveal the existence of two driving forces. On the...

This paper tests a conditional International Capital Asset Pricing Model (ICAPM) using an asymmetric multivariate GARCH specification, and explores the dynamics of expected benefits from international portfolio diversification. The evidence supports the conditional ICAPM and financial...

Motives for FDI range from resource-seeking and market-seeking to efficiency-seeking. The authors believe that the benefits (in terms of cost efficiencies, productivity and profitability) that a developing country reaps from FDI flows depend on the motives behind the FDI flows. They hypothesize...

Cointegration, error correction models and CUSUM stability test have been employed in this study to analyze the money demand in Malaysia with relation to its determinants, namely, real income level, real interest rate, nominal exchange rate, and the degree of monetization. Using Malaysian...

Bacon (1991) labeled asymmetric price adjustments in the oligopoly markets as the rockets and feathers hypothesis where firms increase prices faster than decrease in response to changes in costs and market conditions. In this paper, the authors test this hypothesis for the gasoline market in...

Nigeria is a nation that is endowed with multifarious and multitudinous resources-both human and material. However, due to gross mismanagement, profligate spending, kleptomania and adverse policies of various governments of Nigeria, these resources have not been optimally utilized; these resources...

Nepal, a tiny country sandwiched between two giant economies, India and China, has been going through a political and economic setback in recent times. Nonetheless, Nepal has adopted the policy of attracting Foreign Direct Investment (FDI), which has shown some positive results. This paper...

The Bharat Sanchar Nigam Limited (BSNL) has introduced a new tariff package for the urban and rural subscribers from May 1, 2003. The new tariff has made revolutionary changes in the tariff structure by providing various options for different categories of subscribers. The new tariff has tried...

This paper estimates both the long run and the short run money demand functions in India over the period 1970-71 to 2002-03 on the basis of appropriate macroeconomic data. A partial stock adjustment principle is used to frame a short run money demand function. The estimated long run as well as...