Review of the book titled 'Rethinking Housing Bubbles The Role of Household and Bank Balance Sheets in Modeling Economic Cycles' by Steven D. Gjerstad and Vernon L. Smith. Published by Cambridge University Press in May 2014.

Abstract Urban agriculture may have an important role to play in addressing food insecurity problems, which are bound to become increasingly vital with the secular trends towards the urbanization of poverty and of population in developing countries. Our understanding of the importance, and food...

The paper discusses the problem of incompetent and/or irresponsible refereeing of scientific papers, with emphasis on economics papers. To illustrate, I describe my own confrontation with erroneous published papers, and demonstrate that writing comments on such papers does not always solve the...

This study empirically investigates the Fama-French three-factor model and consumption CAPM model in unconditional and conditional setting with individual stocks traded at Karachi Stock Exchange (KSE), the main equity market in Pakistan for the period 1993-2004. These extensions are in response...

This paper analyzes the state and conditions of aquaculture in South China Sea both from technological and economic perspectives. We state from the basic marginal cost analysis and construct a two sector model for this issue. Base on the comparison on the cost between aquaculture sector and...

This paper considers estimating the conditional mean and variance from a single-equation dynamic model with the mean following an ARMA (1,7) process, and the conditional variance with time-dependent conditional heteroskedasticity as represented by ARCH models. The volatility is measured by a...

Business as usual will not be enough to tackle the critical issue of having sustainable increase in agricultural productivity and food security, which Pakistan is facing at the moment and in future it can become very alarming. Innovative approach is essential for food policy, for enhancing...

The estimates in the government funded survey of handloom and powerloom sectors of the number of units, looms and employment are not reliable since they are especially designed to identify units eligible for sector-specific schemes. The Unit-wise Annual survey of Industries and the NSSO 62nd...

Will a free trade agreements (FTAs) between nations be politically viable？Under political lobby what incentives determine whether FTAs will be signed or not? Will FTAs include steadily more countries until we reach worldwide free trade? The paper addresses these questions using a theoretical...

Sound debt management practices help protect government expenditures on debt servicing from aggregate shocks and prevent the occurrence of debt crises. Building on Giavazzi and Missale (2004), this article examines the optimal allocation of government debt for the Czech Republic. To calibrate...