Cointegration of Canadian and US livestock prices points to the existence of market integration in the period January 1996 to December 2004. Trade flows of livestock and beef products were nonexistent between Canada and the United States for many months in 2003 and 2004 suggesting market...

We argue that political instability is a good indicator of disturbances in development. Moreover we argue that the causality between the political instability and the economic growth is often mistaken to run from instability to growth. Thus we tested the hypothesis that political instability is...

In this paper a view is advanced that explains why the transition to markets did not always lead to the outcomes predicted by the Washington Consensus type strategies. Institutional portfolio theory is used to define a myriad of interests and goals of a transition economy. A model is developed...

Food prices surged in the United States and around the world between 2006 and 2008. Global increases have been attributed to income growth in the developing world, diversion of farm products from food to industrial usage, speculation in commodity markets, and energy price increases. Although...