A stochastic frontier is fitted to two panels of wine grape farms (34 in Robertson and 36 in Worcester) for 2003 and 2004 and a cross section of 37 table grape farms in De Doorns for 2004 only. The panel of wine grape farms is the best model as tests show that De Doorns is different. Output is...

Equity markets in developing and emerging economies have grown in number and importance as a result of financial market globalisation. However, their role in economic growth and development is enhanced if nascent markets are integrated with well-established ones. Market integration, measured by...

This paper contrasts the performance of three time series models, a simple stochastic drift, GARCH, and a time varying parameter CAPM for three of SADC's smallest equity markets: Namibia, Swaziland and Mozambique. Analysis of the portfolio characteristics for each reveals the level of...