We study the factors that determine the household supply of labour in food-for-work (FFW) projects that seek to address food insecurity and help capital formation in development. Based on data from a survey conducted in 2003 in Tigray, Ethiopia, our probit analysis identifies factors that...

Our study revisits the seminal work of Fama and French (1988) on mean-reverting behaviour of stock prices. Since then, there are limited studies conducted to attest the results and the methodology implemented by the authors. We use an updated monthly data for the period ranging 1926-2008. As in...

Most previous studies mainly focus on the direct impact of financial liberalization on consumption growth volatility with less emphasis on explaining heterogeneity across countries. This paper, therefore, contributes to the existing body of literature by analysing factors which explain such...

There has been limited research that explains the breakdown of the relationship between M3 and real activity after the financial deregulation in Australia. This paper contributes to the existing body of literature by examining the stability of money demand as a function of real income, interest...