The Okada & Samreth (2012, EL) finding that aid deters corruption could have an important influence on policy and academic debates. This paper partially negates their criticism of the mainstream approach to the aid-development nexus. Using updated data (1996-2010) from 52 African countries, we...

This article contributes to the financial literature by investigating the formation of the international stock risk premium in emerging market zones. Our results from the estimation of a dynamic augmented capital asset pricing model show that the currency risk premium is the most important...

In the fields of political science and economics there has been a recent surge of interest in the co-movement of globalization and democratization. Wavelet coherency analysis was first used to measure the co-movement of globalization and democratization in time and frequency domains. We...

The debate by Okada & Samreth (2012, EL) and Asongu (2012, EB; 2013, EEL) on ‘the effect of foreign aid on corruption' in its current state has the shortcoming of modeling corruption as a direct effect of development assistance. This note extends the debate by assessing the channels of foreign...

Recently, the international dairy market has growing substantially and Brazil has exported more dairy products. In this context, the main objective of this study is to analyze the international dairy trade in order to identify the comparative advantages of the Brazilian dairy products. In...

The paper proposes a simple framework for the evaluation of anti-poverty programs based on single means differences, FGT poverty measures and stochastic dominance theory. A Treatment Effect Curve (TEC) is derived and its use illustrated with simulated data

Following the recent generalization of social choice in the literature on judgment aggregation, we extend the analysis of freedom of choice from sets of alternatives to sets of opinions. We establish the analogue of the cardinality based freedom of choice measure and suggest an alternative...

We present a straightforward proof of Arrow's Theorem. Our approach avoids some of the complexities of existing proofs and is meant to be transparent and easily followed.

The willingness to accept – willingness to pay disparity raises questions about accepted economic theory. Plott and Zeiler (2005) have suggested that the disparity is the result of subject misconception about experimental procedures and, in an experiment designed to control for subject...

Some properties that strengthen the Pigou-Dalton transfer principle have been introduced in the literature, such as the diminishing transfer principle, and its positional version, the principle of positional transfer sensitivity. These principles state that social evaluation function should be...