The generality of the Cagan model for money demand is questioned. Some high inflationary economies are hit by external shocks that may have a non-transitory effect on macroeconomic variables including consumer prices, high-powered money, or narrow money which are usually used in these studies....

Because of reduced stockholding, Chinese domestic corn markets are becoming much more interdependent with the rest of the world. As China's economy continues to transition from centrally planned to market oriented, internal pressure for increased use of market mechanisms in trading corn and...

This study is conducted (1) to examine the possible link between increased trade openness and technical efficiency in Brazilian agriculture and (2) to contribute to the scholarly debate in the literature by measuring the impact of trade openness on technical efficiency. The analysis is conducted...