Twelve econometric studies investigating the impact of agoa presented in this paper have reported 174 different estimates. In testing for publication bias and whether there is a genuine empirical impact of agoa we resort to a meta-analysis. The meta-analysis provides us with a formal means of...

This paper shows that the Poisson quasi-maximum likelihood estimator applied to the gravity model produces estimates in which, summing across all partners, actual and estimated total trade flows are identical. Other methods such as OLS do not have this desirable property. Indeed, Poisson is the...

A thorough discourse on the underlying issues confronting the U.S. economy, as well as proposals for fixing the crisis. The proposed solutions include placement of soldiers who wish to remain federally employed in a public works program upon return from the Middle East, replacement of free trade...

This paper focuses on the impact of maritime piracy on international trade. Piracy increases the cost of international maritime transport through an increase in insecurity regarding goods deliveries. Bilateral trade flows between the main European and Asian countries over the 1999 to 2008 period...

In the actual paper, it is analyzed the economic impact that landlockedness causes to Bolivia since more than a century. It is found that economic damages are enormous and they did not end, yet. Applying some estimations through econometric models, it is observed that every year, Bolivia loses...

The paper explores the role of the gravity variables in explaining the FTA-s formation. We develop a new theoretical benchmark for the use of the gravity equation modeling them as fixed resources in the budget constraint of the Nash equilibrium definition of an FTA. We show the existence of an...

This study explores people’s environmental attitudes and motives for putting economic values to marine biodiversity and its protection. Primary data were collected from a sample of 359 people living in two important Greek coastal port cities: Thessaloniki and Volos. Respondents’...

This paper aims at presenting a new voting function which is obtained in Balinski-Laraki's framework and benefits mean and median advantages. The so-called Mean-Median Comprise Method (MMCM) has fulfilled criteria such as unanimity, neutrality, anonymity, monotonicity, and Arrow's independence...

Many models in economics involve probabilistic choices where each decision-maker selects the best alternative from a finite set. Viewing the value of each alternative as a random variable, the analyst is then interested in the choice probabilities, that is, the probability for an alternative to...

Purpose – This paper assesses the determinants of corruption-control with freedom dynamics (economic, political, press and trade), government quality and a plethora of socio-economic factors in 46 African countries using updated data. Design/methodology/approach – A quantile regression...