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We present a model in which investors observe the same macroeconomic data but have varying levels of information about the parameters that determine the distribution of the expected returns on investment. During a crisis that increases macroeconomic uncertainty and reduces asset prices, the...
Persistent link: https://www.econbiz.de/10009482088
In this paper we study the effect of quality of institutions in the OECD and Asian host countries on outward foreign direct investment (FDI) stocks of source OECD countries using International Country Risk Guide governance indicators, for the period 1991 to 2001. We find that better institutions...
Persistent link: https://www.econbiz.de/10009482209
This report starts where the previous quarterly publication ended. This first publication of a new annual series contains most of the same data as the quarterly report, plus some new material, through 1991. It also presents historical data covering a longer period of time than the previous...
Persistent link: https://www.econbiz.de/10009435856
examine monopoly (South Africa) and duopoly (South Africa, Australia) with a competitive fringe (US, Canada, Poland, China and …
Persistent link: https://www.econbiz.de/10009437106
, Uganda experienced gradual and sustained economic growth and poverty reduction. The benefits of growth, however, are not …
Persistent link: https://www.econbiz.de/10009441509
This paper attempts to provide alternative estimates of income distribution in South Africa, utilizing data that allow … we then combine to arrive at estimates of overall poverty from 1970 to 2000. However, data for the last few years of this … that these estimates are worst case estimates of poverty trends after 1995. An alternative, less pessimistic estimate is …
Persistent link: https://www.econbiz.de/10009480492
The two key threats to coal`s long term dominance in Asia are: (1) its uneven distribution of reserves and lack of … deterioration of the environment in Asia for another one to two decades. China will remain the largest polluter in Asia, but it …`s believed it will become Asia`s largest user of emissions control technology by 2015. The authors have subjectively weighed the …
Persistent link: https://www.econbiz.de/10009435575
Net private capital flows (Foreign Direct Investment (FDI), Portfolio Investment and private credit flows) to emerging market economies declined significantly after the 1997 Financial Crisis. In 2002, the world's net private capital flows to emerging markets declined to the lowest level in the...
Persistent link: https://www.econbiz.de/10009482244
This study investigates regional marital fertility differentials in Egypt and their relationship to the level of modernization of the region: defined as economic development and social and cultural change. The intermediate variables (Davis and Blake, 1965) underlying these regional levels and...
Persistent link: https://www.econbiz.de/10009439057
investments. These are important components for the growth of any economy. The implicit conclusion is that since these two …
Persistent link: https://www.econbiz.de/10009442118