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The efficiency of speculative markets, as represented by Fama's 1970 fair game model, is tested on weekly price index data of six Asian stock markets - Hong Kong, Indonesia, Malaysia, Singapore, Taiwan and Thailand - using Sherry's (1992) non-parametric methods. These scientific testing methods...
Persistent link: https://www.econbiz.de/10005076962
locally. A larger cost-share of services favors specialization, and high intracity commuting cost and population growth favor …
Persistent link: https://www.econbiz.de/10005062501
concentration has a relation with industrial specialization which based on industrial structure on that region. The objective of … of that industries is, and how the relation between the spatial concentration and specialization and industrial structure … specialization index and Krugman bilateral index to analyze the data.. …
Persistent link: https://www.econbiz.de/10005556249
population pressure in Hawaii co- evolved with specialization and increased governance, in accordance with the efficiency theory …. Instead of market-based specialization, however, economic organization in pre-contact Hawaii was hierarchically determined via …
Persistent link: https://www.econbiz.de/10005135079
Concern is growing regarding the poverty impacts of trade liberalization. The strong general equilibrium effects of trade liberalization can only be properly analysed in a CGE model. However, the aggregate nature of CGE models is not suited to detailed poverty analysis. We bridge this gap by...
Persistent link: https://www.econbiz.de/10005407655
Evaluation of portuguese economy, international trade of Portugal and others countries and by groups of products. Trade of Portugal whith Ibero - Americans countries.
Persistent link: https://www.econbiz.de/10005408034
Persistent link: https://www.econbiz.de/10005408049
Within any preferential trade agreement (PTA) origin rules exist in order to prevent third countries from taking advantage of the PTA concessions. The rules thus are there to preserve the existing external protection of countries within the PTA. However, depending on their formulation, they can...
Persistent link: https://www.econbiz.de/10005408057
Using a two-sector-two-country model with aggregate scale economies and unionisation, we show that optimal welfare state policy entails positive levels of unemployment benefits under free-trade and capital mobility. In this setting, economic integration does not reduce the revenue raising...
Persistent link: https://www.econbiz.de/10005408070
Globalisation, governance and economic performance affect each other in very complex mutual relationships. In this paper, we establish a clear and well-circumscribed hypothesis: “is there an effect of globalisation on governance?” To test this hypothesis or, even more specifically, to test...
Persistent link: https://www.econbiz.de/10005408075