We investigate the pricing of convertible bonds on the French convertible bond market using dailymarket prices for a period of 18 months. Instead of a firm-value model as used in previous studies, weuse a stock-based binomial-tree model with exogenous credit risk that accounts for all...

The paper enquires into the relationship between economic inequality and economic growth, but different from others, it also studies the relationship between inequality and economic growth in the situation where consideration of effect of factor movement is included. The paper tends to answer...

The paper enquires into the e¤ects of China’s entry into the WTO on its economic growth. We find that even in the short run (2001-2005), economic performance can be improved due to obtaining higher survival probability of economic growth rate and better protection of consumer welfare.

This paper deals with endogenous determination of effort as a source of productivity growth.

This paper investigates the growth factors of EU regions in the 1990s. We test the hypothesis that regional growth is determined by endogenous growth factors, trade and technological catching-up in a growth accounting framework....

The paper enquires into the short run effect (2001-2005) of China’s entry into the WTO on its economic growth. We conclude there is no economic hazard with a …nding that China’s economy would enjoy a higher survival probability of economic growth rate and better protection of consumer...