Purpose: During the Paris Convention, Korean Government made commitment to curb carbon emission by 37 percent by the year of 2030. Since then there has been constant debate, both in media and academia, as to whether attempts to reduce carbon emission would spell the concomitant economic...

Purpose – The purpose of this paper is to measure the effects of TPP on Korean economy focussing on the changes in the number of firms and productivity. Design/methodology/approach – Following Melitz (2003) and Balistreri et al. (2011), the authors apply CGE simulation to five groups of 140...

A theoretical model of the law of one price which allows for seasonality in transaction costs and supply and demand conditions between markets is developed. Bivariate three-regime threshold vector error correction models are applied to natural gas markets to examine seasonality in threshold...

The Brier score and a covariance partition due to Yates are considered to study the probabilistic forecasts of a vector autoregression on stock market returns. Probabilistic forecasts from a model and data developed by Campbell (1991) are studied with ordinary least squares. Calibration measures...

<Para ID="Par1">The degree to which the law of one price holds (integration) along with determining each individual markets’ role in price discovery is examined for 11 major natural gas markets, six from the USA and five from Canada. Deregulation, technological advances, and trade agreements have opened the...</para>

Directed graphs and autoregressive conditional heteroskedastic error processes are used in the specification and estimation of an ocean grain rate equation. Results show voyage distance, ship size, contract terms, flag and season are important explainers of rates, as is ship tonnage contracted...

Dynamic relationships among weekly retail prices for milk from three regions of Kyrgyzstan are studied in an error correction framework. Observational data over the period January 1995 - May 1999 are used in the analysis. Results show that prices from the oblasts of Issyk-Kul and Djalal-Abad...

This article considers methods of cointegration testing to construct a model of Zimbabwe 's corn sector. Corn production, sales of corn to the government, the price of corn, and price of beef are linked together in one long-run equilibrium (cointegrating) relation. Only the price of beef is not...