The paper attempts to provide evidence on whether UK manufacturing has fundamentally improved its export performance as a result of either policy changes started in the 80s, or new economy effects of the 90s, or both. It does this by constructing a model of international competitiveness and...

From the aftermath of the crisis of 1995, monetary authorities in Mexico have employed a preemptive monetary policy mechanism known as the 'short' to affect interest rates in the first instance and then, in the medium and long term, to control inflation expectations. By using an Exponential-...

This article is an empirical study dedicated to the GARCH Option pricing model of Duan (1995) applied to the FTSE 100 European style options for various maturities. We analyze the validity of the model given its ability to price one-day ahead out-of-sample call options and also its ability to...

Aftermath East Asian Crisis, in Malaysian monetary authorities felt the need to develop a resilient and dynamic financial environment that supports to the growth of an economy. The paper entitled ⬠SFinancial Development and Economic growth in Malaysia, A Further Assessment⬠is first...

Recurring and massive current account deficits are troublesome especially for developing African countries that rely on foreign capital. The conventional wisdom holds that persistent deficits impose taxes on future generations and lead to high interest rates. Given their policy implications,...

This paper discusses the wide spread feelings persisting among the women towards the preference of male child at birth, education and employment in the rural areas of the state of Orissa. But it is evident from the present exercise that the male child preferred by women is narrowing down when...

Based on the Partial Distribution, we presents the concepts and expressions of DF process and DF structure and put forward the DF structure models of pricing options on a non-dividend-paying underlying for the first time. The DF structure models are able to price the call and put options...

This paper provides an analysis of the taxation structure in Europe, and its possible impact on growth. The assumption is often made that a decrease in taxes will improve growth. The study covers the period 1985-2003, the 12 countries belonging to the euro zone, and details the different...

This study using simple VAR tools, searches for the weak / strong form of Fiscal Theory of Price Level. Following the theoretical studies the analysis is done for a developing economy with high inflation and high budget deficit / GDP ratio. The results contradict the argued strong fiscal...

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...