The literature indicates that financial liberalization improves the efficiency of credit allocation by reducing credit rationing. This argument, based on the availability doctrine, states that financial liberalization increases the amount of investable funds; hence, reduces the number of loan...

The intent of the patent system is to encourage innovation by granting the innovator exclusive rights to a discovery for a limited period of time: with monopoly power, the innovator can recover the costs of creating the innovation which otherwise might not have existed. And, over time, the...

It has been a challenge for the Limpopo Provincial Government to tackle the eradication of poverty and the acceleration of the pace of economic growth in the province. It is of importance for the Government to provide the basic infrastructure facilities such as roads, water, electricity, and...

Over the past decade, South Africa has experienced a rising pace of economic and social development which has facilitated the expansion of the basic social programs, especially in health and education. The education sector has been given a high priority by the National and Provincial authorities...

This research examines households’ willingness to pay (WTP) for an improved electricity service. Households’ stated WTP is estimated using the choice experiment method (CE). The data used in the estimations came from 350 in-person interviews conducted during the period 5–22 August 2008 in...

The study evaluates economic and financial returns of the shift from indigenous type of breed to cross-breed dairy cattle for milk production. Ethiopia is characterised by the high cost of cross-breed heifers making the transition for the poor households almost impossible without a support from...

Peru's Camisea gas fields hold nearly ninety percent of the country's natural gas reserves. In the 1990s, the government insisted on prioritizing Camisea gas for domestic consumption. The revocation of this policy in the 2000s allowed the private developers to export forty percent of Camisea's...

Milk is one of the main sources for the livelihood of pastoralists around the world. Somali Region in Ethiopia is famous for the high density of livestock, implying significant potential for milk production. The perishable nature of the milk and the absence of the milk processing facilities do...

The purpose of this study is to develop a model to arrive at a joint optimizing strategy for capital budgeting for the construction of new school buildings and for the renovation of existing schools. This model provides a practical tool for ranking construction projects so as to yield the...

The objective of this study is to identify the economic feasibility of the investment made to establish a commercial slaughterhouse facility in Faafan village, Somali Regional State, Ethiopia. Although the financial feasibility of the facility is essential for the project, the main purpose of...