This article assesses the ability of the Rotterdam Model (RM) and of three versions of the Almost Ideal Demand System (AIDS) to recover the time-varying elasticities of a true demand system and to satisfy theoretical regularity. Using Monte Carlo simulations, we find that the RM performs better...

We analyse horizontal inequality in wealth and in years of education in the Democratic Republic of the Congo over the period 2001-13. We find that the trend in horizontal inequality is similar to the trend in vertical inequality over the period of analysis. In addition, horizontal inequality in...

We analyse horizontal inequality in wealth and in years of education in the Democratic Republic of the Congo over the period 2001-13. We find that the trend in horizontal inequality is similar to the trend in vertical inequality over the period of analysis. In addition, horizontal inequality in...

This study aims at testing the relationship between alcohol and corruption. Using cross-sectional data, we find the nexus to be positive. It follows that the depth of drinking alcohol has a significant positive correlation with the level of corruption.

Presents researches in linear and nonlinear modelling of economic and financial time-series. This book provides a comprehensive understanding of financial and economic dynamics in various aspects using modern financial econometric methods. It also presents and discusses research findings and...