This paper examines the relationship between increasing budget deficits and tax rate for Benin, Côte d'Ivoire, Niger and Togo. This investigation is based on Johansen cointegration approach and Granger causality tests. The findings suggest firstly that these variables are not cointegrated for...

Dans cet article, nous passons en revue les previsions successives realisees par la societe d'Etat quebecoise de 1980 a 1995 et nous comparons sa performance avec celle de ses consoeurs canadiennes, Hydro Ontario et B.C.Hydro, ainsi que celle d'organismes americains comme New England Power Pool...

Relaxing the concavity assumption to quasi-concavity in the classical programming problem strengthens the Theory of the Consumer but is said to weaken that of the firm. This paper combines the Euler equation and the concept of sub-manifolds to show that there may be stable, multiple or unique...

This paper investigates the testable restrictions on the time-series behavior of equity premia implied by a representative agent model whose state and time-non-separable preferences are subject to taste shocks. The model nests state and time-separable preferences with and without taste shocks as...