In this paper, we find evidence of the intra- and inter-period beta instability of firms in the Taiwan stock market during its financial development from 1982 to 1998. Particularly noteworthy is the result that the proportions of firms exhibiting beta instability, in the full sample and two...

The present study examines the issue of devaluation and growth on a tourism based developing country. The study concludes that devaluation does have a net positive effect on economic growth on a developing country that is wholly dependent tourism. Although some studies have pointed to the...

not available