We evaluate the efficiency of basic and secondary education in 24 governorates of Tunisia during the period 1999-2008 using a non-parametric approach, DEA (Data Envelopment Analysis). We use four inputs: number of teacher per 100 students, number of classes per 100 students, number of schools...

We analyze the productivity changes in basic and secondary education for 24 governorates in Tunisia over the period 2004-2008. In methodological term, we employ the Malmquist index, to estimate changes in total factor productivity which can be decomposed into two main components namely,...

<section xml:id="fut21645-sec-0001"> We propose a stochastic dynamic program (SDP) for valuing options on stock‐index futures. SDP accommodates European‐ as well as American‐style options, and price limits on the underlying futures contracts. Our numerical investigation shows convergence, robustness, and efficiency. SDP...</section>

The risk-adjusted performance (alphas) of a comprehensive and survivorship-free sample of Canadian bond funds after (before) management-related costs is negative (positive) and is weakly sensitive to the choice of the return-generating process. A conditional multi-factor model that captures...

Urban expansion of the city of Tunis, source of distortion of inter-zones balance between housing supply and employment, does only increase daily mobility and increases pressure on public transportation in terms of traffic, on transportation infrastructure in terms of congestion and on the...

Recently, outsourcing services became an important component of the organizational strategy of the firm. However, a large number of studies focused mainly on the determinants of outsourcing ignoring its structural effects. The aim of this paper is to examine to what extent outsourcing...

L’objet de cet article est d’identifier le rôle des fondamentaux, des phénomènes de type « tachesolaire » et de la contagion pure au sens de Masson (1999) à travers une étude empirique de ladynamique des anticipations des investisseurs. À cet effet, nous estimons un modèle...

The objective of this paper is twofold: first we use the methodology developed by Goolsbee and Klenow (2006) (G&K) that estimates the consumer's surplus of Internet's connection for France in 2005. Second, our paper challenges the initial methodology developed by G & K by using two complementary...

In this paper, we examine the pattern of spatial concentration of manufacturing industries observed in Tunisia and explore the factors driving firms. choices of location at the provincial level. We consider specialization and competition indicators as the