English Abstract: For the past several years Macau has distributed part of its government surplus to its residents at the end of each fiscal year. This paper analyses the advantages and disadvantages of such a programme, and suggests other ways of efficiently distributing the surplus

Purpose This research examines the effects of winning–losing perception, generated from success and failure results, on consumers’ risk preference. Design/methodology/approach Using different manipulations of success and failure and different measurements of risk preference tendency, the...

In this paper, we analyze the dynamic behaviour of employment and hours worked per worker in a stochastic general equilibrium model with a matching mechanism between vacancies and unemployed workers. The model is estimated for the United States using the Generalized Methods of Moments (GMM)...

Water availability is a key biophysical factor determining agricultural production potential. The FAO crop water response model AquaCrop was developed to estimate crop production under water limiting conditions. This model uses the normalized water productivity, WP* (gm−2d−1), to estimate...