The paper proposes a framework for modelling cointegration in fractionally integrated processes, and considers methods for testing the existence of cointegrating relationships using the parametric bootstrap. In these procedures, ARFIMA models are fitted to the data, and the estimates used to...

Total Allowable catches (TACs) for whitefish in European Union (EU) waters have been reduced each year for the past five years, thereby reducing fleet revenue. During the same period prices increased, partly offsetting income reductions. However, price changes depend on the structure of the...

India is the second largest producer of silk and also the largest consumer of silk in the world having a strong tradition bound domestic market. In this paper, growth functions were estimated for India’s aggregate production and trade parameters using annual data from 1984/85 to 2006/07. To...

In 2005, Ethiopia implemented a major new social transfer program, the Productive Safety Net Program (PSNP) that involves some form of work requirement in exchange for either cash or in‐kind transfers (or a mix of the two), with the composition of the transfers administratively set to be...

For the past two decades, Tunisia has been undertaken important structural reforms,which call in most cases for market and trade liberalization (agricultural structural adjustmentprogram, GATT reforms, free trade area with the European Union). The private-led type ofgrowth strategy with less...

Esse artigo buscou analisar a relação de preços entre o mercado interno, especificamente a região de Maringá e o mercado externo da soja no período de julho de 1994 a dezembro de 2007. A teoria que embasa o trabalho é a Lei do Preço Único. Em se tratando de preços nos mercados interno...

Working with 110 pairs of time series of state and market commodity prices in Russia, we search for signs of transition in Russia from a command to a market economy. Beginning with inter-city comparisons of state and market prices, we find that differences in the levels of these prices have...

There are several mechanisms that can account for short-run business cycle transmission. International trade is probably the major vehicle, and it forms a direct channel through which income and price shocks may be transmitted. Capital flows provide a second mechanism which is most likely to be...

Full-text of this article is not available in this e-prints service. This article was originally published following peer-review in Ironmaking & Steelmaking, published by and copyright Maney Publishing.

The inability to effectively hedge against unfavourable exchange rate movements, using thecurrent forward exchange rate as the only guideline, is a key inhibiting factor of internationaltrade. Market participants use the current forward exchange rate quoted in the market to makedecisions...