In this paper, we show that traditional comparisons of Mean Squared Prediction Error (MSPE) between two competing forecasts may be highly controversial. This is so because when some specific conditions of efficiency are not met, the forecast displaying the lowest MSPE will also display the...

Disaster risk is a major concern in a developing country like India as people living in disaster prone regions of the country are subject to variety of risks concerning their livelihoods. Preliminary assessments reveal that the severity and intensity of floods in various parts of India might...

This paper incorporates interdisciplinary New Institutional Economics and assesses the system of governance of agrarian sustainability in Bulgaria. The system of governance of agrarian sustainability is comprehensively analyzed, and the efficiency of institutional environment and diverse market,...

Notwithstanding the global significant progress in reducing poverty over the last two decades, still many people live in poverty. Consequently, social protection remains key to welfare sustainability. In this paper, we used longitudinal data from Malawi to examine the impacts of farm input...

We present a project aiming at estimating the willingness to pay for organic foods through panel data and a survey. The panel data is based on weekly reporting of household purchases by 2000 Danish households with information on their demographic and socio-economic characteristics. Detailed...

This study examined the expenditure pattern of beef and chicken by individual households in Akoko South-West of Ondo State. The study was designed to estimate the monthly expenditure on beef and chicken; evaluate the influence of household income and household size on expenditure as well as...

1. Despite an existing information gap in scientific evidence regarding the effects of future changes in climate patterns and options for the future, the community-based adaptation process should nevertheless be initiated. This requires community involvement through participatory planning in...

This paper is prepared against the broader background of the policy debates on the breeding, feeding and distributional consequences of dairy development in India. The data for the study is drawn from the National Dairy Sample Survey covering 186 districts spread over 14 major States in the...

We checked against the law of one price between urban and rural consumer price indices of goods and services in Nigeria, using data that span January 1995 to April 2024. By first testing for persistence in price indices, we found a similar pattern of persistence that is non-mean reverting in all...

We propose a portfolio construction method that accounts for the regime-dependent behavior of stocks, thereby impacting their expected returns. Using a hidden Markov model (HMM) and a regime-weighted least-squares approach, we estimate forward-looking regime-conditional factors. These factors...