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...

The 1997 Asian crisis illustrated the need to develop local bond markets to reduce vulnerabilities to future mismatches in currency and maturity. This article examines a regional initiative -- the Pan-Asian Bond Index Fund -- and tests the implications for portfolio diversification. Intra- and...

Conradie et al. (2009a and 2009b) identified the Central Karoo as the worst performing area in the Western Cape, but left the reasons for the region's declining total factor productivity (TFP) unexplained. The current paper uses a combination of literature review and analysis of anecdotal...