This paper carries out an analysis of cointegration between economic growth and the dynamics of the flows of foreign portfolio investment (FPI) in Mexico. Empirical evidence shows, through a VAR model and Granger causality tests, that flows coming from the FPI have no significant effect on the...

There are problems with using probability quantification methods when the scaling factor applied in those methods becomes non-positive. The way of adjusting them proposed in this note and verified empirically allows using them in such circumstances. The results for the euro area and Ireland...

Purpose: It is worth mentioning that mergers and acquisitions (M&As) have become a popular vehicle for emerging-markets firms to rapidly access new opportunities and market capabilities. Indeed, privatization and multi-nationalization have given a greater shore up in raising global and domestic...

This study examines reasons for the decline in state funding for public higher education. Prior studies point to Medicaid costs, limitations on tax revenues, income inequality, and Pell grants, but do not estimate their relative importance. Results in this study indicate that income inequality,...

Infectious diseases are among the main causes of death and disability in developing countries, and they are a major reason for the health disparity between rich and poor countries. One of the reasons for this public health tragedy is a lack of lifesaving essential medicines, which either do not...

Climate Change is one of the biggest challenges the human race is being encountered in this centaury. The continuous rise in average temperature, extreme weather occurrence, occurrence of drought and floods, intensity and frequency of storms, change in precipitation, and so many other identified...

This paper analyses the TFP heterogeneity of a sample of manufacturing firms operating in seven EU countries (Austria, France, Germany, Hungary, Italy, Spain and UK). TFP data refer to 2008. The empirical setting is based on the multilevel modelling which provides two main results. Firstly, we...

This study estimates liquidity premiums using the recently developed Liu (2006) measure within a multifactor capital asset pricing model (CAPM) including size premiums and a time varying parameter model for the West African emerging market of Nigeria. The evidence suggests that liquidity factors...

The article is about the specifics of political control as a form of social control. The author analyzes the practice of political control, identifies social control methods which applicable to the various objects. Particular attention is paid to the mechanisms of solving social problems arising...

Small-scale Individual Enterprises and Micro Financed Businesses are seen as potential solution to eradicate poverty. With philanthropic approach meeting business investment by means of micro financing to empower budging entrepreneurs who lack significant sources of financial assistance it is of...