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Equity markets in developing and emerging economies have grown in number and importance as a result of financial market globalisation. However, their role in economic growth and development is enhanced if nascent markets are integrated with well-established ones. Market integration, measured by...
Conventional economic analysis of household spending is largely based on bargaining models, where different members of a household may have conflicting views on the allocation of communal resources. Not surprisingly, much of the work in this area is based on a game theoretic approach, although...
Cointegration techniques are applied to a model of induced innovation based on the two-stage Constant Elasticity of Substitution (CES) production function. This approach results in direct tests of the inducement hypothesis, which are applied to agricultural data for the United Kingdom from 1953...