This paper carried out two main studies: Part 1 attempted to conduct a set of tests for weak form efficiency (WFE); Part 2 tried to estimate day of the week effect using GARCH and EGARCH models. The principal objective of this paper, hence, is to test the weak-form efficiency for selected three...

We analyze how a set of 22 European countries are affected by increased Chinese export competition between 1995 and 2008. Employing product level data, we document a reduction in the export volume of European countries due to increased Chinese export competition. This alteration in the export...

The regulation of parallel trade has become a critical issue in the global trading system, as the welfare effects of parallel trade freedom are generally ambiguous. In this paper we investigate the welfare effects of parallel trade freedom for low, intermediate, and high trade costs and...

This study investigates the relationship of income inequality (proxied by the Gini Coefficient), labor productivity (output per capita) on fertility rate in the Philippines. Specifically, this presents the trend of income inequality (ineq), labor productivity (lp) and fertility(tfr) in the...

This aim of this paper is to estimate the level of economic activity in the Northeast Region of Brazil which is derived from the family agribusiness, for the period from 1995 to 2006. The agribusiness takes into consideration the relations between the agriculture production and the other sectors...

We analyze, in this paper, the optimality of pro-cyclical monetary policy in the presence of informal sector. Our findings suggest that monetary tightening only in case of severe shock with high leverage ratio and that conventional monetary policy favors both the formal and informal sectors...

Immigration dynamics have varied across time and across countries and immigration flows can have a significant economic, social, political and cultural impact on host countries. The challenge for policy makers and academics is to better understand to what extent public policy decisions can...

The government wants two tasks to be performed. In each task, unobservable effort can be exerted by a wealth-constrained private contractor. If the government faces no binding budget constraints, it is optimal to bundle the tasks. The contractor in charge of both tasks then gets a bonus payment...

This paper provides an introductory overview of the meaning and measurement of national accounts statistics. Attention is paid to the various uses of national accounts, the role of the international guidelines, the relationship with economic theoretic and administrative concepts and the...

This is the second working paper of the UNFPA/ILO Project "Assistance for formulation and implementation of National Population and Human Resource Development" SUD/68/P06. The informal sector survey, subject matter of this report was undertaken in May 1988. Organization of informal sector in...