We present a model of the nonprofit organization that leads to an allocation in the economy that is Pareto Optimal. This is in contrast to the usual assumption that an economy in which individuals exhibit altruism will not lead to a Pareto Optimal outcome. The presence of nonprofit organizations...

Social cash transfers (SCTs) are considered a priority in least-developed countries, where the gap between the need for basic social protection and existing provisions is greatest. This study represents one of the first comprehensive treatments of the impact of social cash transfers in...

Previous studies have used the stock market approach to find the aggregate number of (firms with) foreign exchange exposures in a given country, region, or industry. Methodologies have differed in many aspects but two of the most basic differences relate to observation frequency and the choice...

The unprecedented financial crisis of 2008-2009 has called attention to limitations of existing methods for estimating the default risk of financial intuitions. Over the past decade, we have had considerable success at predicting default and credit relative value using Merton-type structural...

The main aim of this article is to investigate the accuracy of the Multivariate Generalized Autoregressive Conditional Heteroskedasticity Model (M-GARCH) for the selection of the best investment portfolio. There is extended literature on M-GARCH in this field with a great number of studies using...

The study focuses on economic growth in SADC by examining the role of institutional variables; determining the key drivers and finding out the strength of the marginal effects of institutional quality. The study used a GMM estimator by Arellano and Bond (1991) and annual country data covering...

Although many central banks actively sterilized intervention, there is still no consensus on sterilized effect on the inflation in the long - term. This study aims at answering the question of whether or not sterilized intervention by the central bank of Egypt causes inflation in the long term....

Unemployment and job creation are central to the development agenda in Nigeria especially with the rising rate of youth unemployment resonating within the Country. Strategies and measures have been put in place to curb these appalling rates via a professionalized system of education that will...

This paper examines the knowledge creation process that takes place in a group of superstar innovators. How does a superstar innovator influence the generation of knowledge in a team? In particular, does the effect increase nonlinearly as the number of talented team members increases? We explore...

In this paper, the authors use analytical method of explore factor analysis to determining factors that are components of the corporate customer satisfaction in Ho Chi Minh City (HCMC). This paper conducted during the period from March 2012 to December 2014. The exploratory factor analysis...