This paper aims to feed predictive multi-factor regressional models as an input to the Black-Litterman Asset Allocation Model, with predictions and allocations iterated each month

This paper revisits the debate about communal management of natural resources and brings together various issues confronting it. Much of the criticism against common property regimes stems from an incorrect modeling of a common property situation, and misunderstandings about the terms and their...

There is currently a growing policy interest in the effects of the regulatory environment on the ability of Indigenous people to undertake customary harvesting of wild resources. This Discussion Paper develops and describes a methodology that can be used to estimate the economic benefi ts...

This paper develops a conceptual framework for analysing property regimes in conservation of natural resources. Human beings interaction with their environment is governed through institutions of property; therefore they play an important role in the conservation of natural resources. This paper...

The Chhotanagpur Plateau in Eastern India lies on the so-called Tribal belt and is one of the poorest regions of India. Beginning in 1998, the Indian Statistical Institute in Kolkata and the International Rice Research Institute began research to examine the biophysical and socioeconomic factors...

The Gulf of Mexico is a major economic asset to the 11 states in the United States and Mexico that surround its shores. The potential impact of a post-embargo Cuba (in terms of US involvement), and an historic May 1995 agreement among officials of five US states (Florida, Alabama, Mississippi,...

The natural resources of most developing countries are under increasing stress, and many nations are increasingly concerned about achieving environmental sustainability through efficient use of land and water resources. As population is escalating very fast and consumer demand for high value...

This paper develops a conceptual framework for analysing property regimes in conservation of natural resources. Human beings interaction with their environment is governed through institutions of property; therefore they play an important role in the conservation of natural resources. This paper...

In this study we assume that household demand for private and public goods are the e¢cient outcomes of the household decission process. From the efcient assumption we derive testable properties of these demands and we identify some characteristics of the intrahousehold distribution of the...

This article extends the seminal work of Granger and Yoo (2002) on hidden cointegration to panel data analysis. It shows how cumulative negative and positive changes can be constructed for each panel variable. It also shows how tests similar to the augmented Dickey-Fuller tests can be...