Steve Pollard, known in the Pacific as a government employee, researcher, consultant, and donor staffer, recently retired from the ADB. He has almost 30 years' experience working toward the interests of better policy for better livelihoods in the Pacific, almost 40 years' experience in...

This paper examiens the efficiency of labour allocation and the productivity of labour by gender between and within farms and nonfarm enterprises on Thai farms. Cobb-Douglas production functions are estimated for both types of enterprises, using disaggregated data. The estimated parameters of...

We use the Johansen cointegration approach to assess the empirical validity of the purchasing power parity (PPP) between the UK and Germany since the introduction of the euro. We conduct the empirical analysis in the context of the global financial crisis that began in 2007 and find that it...

The Girton-Roper model of foreign exchange market pressure is applied to Barbados (1968-1993), Guyana (1964-1985), Jamaica (1964-1993), and Trinidad & Tobago (1967-1993) (years actually used in analysis in parentheses). Several versions of this model are estimated, tested and analysed so that...

In this study we examine the issue of parameter heterogeneity in the neoclassical growth model using a quantile regression estimator. Using cross-sectional data on 86 countries covering the period from 1960 to 2000, we estimate a version of the growth model of Mankiw, Romer and Weil (1992). We...

This paper employs time-series analysis to investigate the price dynamics of the house price indices included in the S&P/Case–Shiller Composite10 index and the validity of the ‘ripple effect’, following the approach outlined by Meen (1999). More specifically, the paper first considers the...

This paper explores the dynamic linkages that portray different facets of the joint probability distribution of stock market returns in NAFTA (i.e., Canada, Mexico, and the US). Our examination of interactions of the NAFTA stock markets considers three issues. First, we examine the long-run...