Australia's trade with India and South Africa has been growing steadily in recent times. These countries have become more liberalised in trade during last five years and they also play a significant role in the Indian Ocean Rim-Association for Regional Cooperation (IOR-ARC). It has been proposed...

This paper re-examines the money demand in Malaysia covering the period from 1974 to 2001, a period characterised by various events particularly the financial sector liberalisation, changes in monetary framework and currency crises. Our results support the existence of fairly stable long-run...

Most tests of weak form efficiency of stock market prices are conducted on aggregate stock indices. Aggregation however introduces measurement biases when the constituent stocks in the index do not trade frequently. Non synchronous lagged trading and the consequent catching up, is likely to show...

This paper focuses the field of energy and economic development. It studies the type of the Portuguese technological evolution during the last quarter of the twentieth century using a special putty-clay production function with energy consumption as input. In methodological terms we may say that...

It is widely acknowledged that the ability of firms to compete in the new international context depends significantly on their capacity to innovate. Altering this capacity is a costly, risky process, especially for small- and medium-sized enterprises (SMEs) which face greater resource...

One of the most striking changes in socio-economic life of OECD countries during the 20th century has been the diminution of the share of agricultural income and employment in the economic activity. Many rural areas have experienced important migratory movements to larger villages and towns, in...

In Canada, politicians, and the public, are beginning to worry about how we will be able to pay for public health care in an aging population, especially when the baby boom retires. At the same time, Canadian politicians are also worried about how much money is lost from tax revenues because of...

Like most of the Indian states, specially those in the eastern region, foodgrains production in West Bengal is still predominantly rainfed. The eastern region in general and West Bengal in particular, ushered in a spectacular improvement in foodgrains production during the 1980s, which was again...

The over-reaction hypothesis suggests that if investors over-react then a contrarian strategy of buying losers and selling winners should earn significant abnormal returns. The results of the study show that there is an inverse relationship between size and observed returns in the Australian...

Globally Networked businesses are prominent features of Globalization; the new era is redefining trade routes based on "digital integration" of trading partners. A map that is not based on traditional factor like physical proximity of the trading countries but one that is dependent on business...