Turning points in commodity returns are important for decisions of policy makers, commodity producers and consumers reliant on medium term outcomes. However, forecasting of turning points has been a neglected feature of forecasting, especially in commodity markets. I forecast turning points in...

As they involve expectations about the future and long lead times for planning and construction, the evolution of investment projects is usually complex and volatile. This paper analyses an important aspect of this volatility by studying the nature of the investment process, from the initial...

This study reports on the light that documents stored in the Archive Centre at King’s College Cambridge shed on A. C. Pigou’s fellowship theses. Particular consideration is given to Walter Raleigh’s and Brooke Foss Westcott’s assessments of Pigou’s first, and unsuccessful, fellowship...

Quantity discounts, characterised by unit prices falling as the quantity purchased rises, are a proliferate phenomenon that finds root in the economics of packaging. This paper reviews the key economic foundations of nonlinear pricing, introduces new pricing data and conducts an empirical...

In many developing countries, remittance payments from migrant workers are increasingly becoming a significant source of export income. This paper investigates the causal link between remittances and economic growth in three countries, Bangladesh, India and Sri Lanka, by employing the Granger...

Much of the debate about the impact of China on the international political economy arises from the many dimensions of the potential impact and the lack of historical precedent for such a large change. This paper provides some context for thinking about these issues by contrasting China’s...

The relationship between stock prices and exchange rates is an important topic of long standing. But there are still significant gaps in our knowledge of this area, not least, the ambiguity about the sign of the effect of a change in one of these variables on the other. While there are many...