An extensive literature examines the dynamics of interest rates, with particular attention given to the positive relationship between interest-rate volatility and the level of interest rates-the so-called level effect. This paper examines the interaction between the estimated level effect and...

An extensive literature examines the dynamics of interest rates, with particular attention given to the positive relationship between interest-rate volatility and the level of interest rates?the so-called level effect. This paper examines the interaction between the estimated level effect and...

Economics

This paper investigates the strategies adopted by economic actors in the context of an institutional change. We base ourselves on data collected as part of an exploratory study in the sugar and fresh vegetable supply chains in Mauritius. The reform of the sugar protocol between the European...

Systemic economic transition is a process of determined radical institutional change, aprocess of building new institutions required by a market economy. Nowadays, the experienceof transition countries with the implementation of new institutions could be reviewedas a method of economic...

The Brazilian legislation did not recognize pharmaceutical patents for products and processes up until 1996, an exemption which started in 1945 for products and 1969, for processes. In this period, the domestic companies freely reproduced medicines developed by large companies from abroad and...

The Theory of the Second Best implies that any country with less-than-ideal resources can lose from international trade. Recently it has been suggested this means the South (poor countries) are better off suppressing trade with the North, especially trade in natural resource products, since the...

Die vorliegende Arbeit untersucht anhand der libanesischen Budgetpolitik von 1964-2000 in wie weit sich „Good Governance“ und nachhaltiger wirtschaftliche Entwicklung gegenseitig beeinflussen.Der wie gefasste Untersuchungsrahmen erlaubt es die libanesische Budgetpolitik in drei verschiedenen...