Delay in redressing grievance creates displeasure among employees. Many of such grievances are routine and structured, which can be effectively handled, if there is a proper system at place. This paper, written in the situation-contexts of early 1990's, suggests a conceptual model for developing...

During the early years of transition output fell dramatically in almost all transitioneconomies. However, the Uzbek experience was an exception to this rule. Outputfell only slightly, soon to be followed by small but positive and persistent economicgrowth. This extraordinary performance, known...

Entrepreneurship has become one of the most researched areas in recent years. Its importance has increased further by the emergence of the ‘transition countries’, the countries of Eastern Europe and the Former Soviet Union. As the transition countries strived to overhaul their economic and...

This thesis studies the trading of the Chinese American Depositories Receipts (ADRs) and their respective underlying H shares issued in Hong Kong. The primary intention of this work is to investigate the arbitrage opportunity between the Chinese ADRs and their underlying H shares. This intention...

This thesis studies the Chinese banks’ credit risk assessment using the Post Keynesian approach. We argue that bank loans are the major financial sources in emerging economies and it is uncertainty, an unquantifiable risk, rather than asymmetric information about quantifiable risk, as held by...

What is very often overlooked in the literature is that the Harrod's Post- Keynesian growth model is more to do with the problem of instability in a market economy which is caused by the role of expectations of the investors. The neoclassical model of growth due to Solow achieves stability not...

Uzbekistan's higher education system has undergone some dramatic changes in the past century, evolving from largely traditional religious colleges to fully state-funded communist-atheist institutions. Since the end of the communist administration and subsequent market-oriented reforms, the...

In labour surplus developing countries a strategy based on the application of the Keynesian multiplier to generate employment is constrained by the availability of resources. In some of Keynes's writings in general and those on the post-War employment and commodity policy in particular it seems...

Conventional econometric tests cannot distinguish nonstationarity from nonlinearity because of the joint modeling of unit roots with threshold effects. Caner–Hansen (CH, 2001) provides a new test which for the first time can simultaneously test for both (without any prior assumption of...