The paper is the first attempt to evaluate the role of gold as a hedge (negative or low correlation with equities in normal market conditions) and safe haven (negative or low correlation in times of market turbulence) by using the daily data for gold and Shariah-compliant equities ranging from...

The goal of this study is to present and to analyze a methodology to estimate Input-Output Matrices using preliminary data from the Brazilian National Accounts. This methodology is tested for the years of 1994 and 1996, where the results obtained from the input-output matrices (definitive...

In a standard New-Keynesian sticky-price model of monetary policymaking, we show that formulating the policy objective of a monetary union in terms of a weighted average of objectives for inflation and output in each of the member countries, instead of union-wide aggregate inflation and output,...

This paper investigates the determinants of FDI in Nigeria, which is poor in terms of income but rich in natural resources. This study is an extension of our earlier work (Dinda 2012). Incorporating emerging trade partners of Nigeria in VECM this paper re-examine the factors determining FDI...

The aim of this paper is to analyze the effects of exchange rate volatility on international trade fl ows by using two different approaches, the panel data analysis and fuzzy logic, and to compare the results. To a panel with the crosssection dimension of 91 pairs of EU15 countries and with time...

This research note presents the research rankings of Turkish economists in the world using RePEc database as of January 2014. The long-run research ranking data running from 2003 to 2013 are utilized to identify the research success of Turkish economists working at universities and institutions...

This report contains information on a rapid field assessment of Boran pastoralists of southern Ethiopia to: (1) gauge local communities’ perceptions of the need for local climate change adaptation strategies and their degree of satisfaction with existing interventions; (2) identify emerging...

Most existing semi-parametric estimation procedures for binary choice models are based on the maximum score, maximum likelihood, or nonlinear least squares principles. These methods have two problems. They are difficult to compute and they may result in multiple local optima because they require...

This paper analyses the implications of classical liberal and libertarian approaches for distributive justice in the context of social welfare orderings. An axiom capturing a liberal non-interfering view of society, named the Weak Harm Principle, is studied, whose roots can be traced back to...

The aim of this paper is to determine the place and role of corporate governance and performance measures in the efforts of managers to maximize shareholder value, and the attitude of Serbian corporations toward these issues. The paper first analyses the importance of corporate governance and...