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"Many natural resources can be effectively exploited mainly by using capital-intensive technologies. We develop a bargaining model with endogenous inside and outside options to analyze the interactions between local communities having at least some degree of informal claims over natural...
Persistent link: https://www.econbiz.de/10009468413
dynamic setting, and illustrate it by modeling continuous conflict over renewable natural resources between two rival groups …) lead to conflict, and predict more conflict in the future. However, instances of conflict over resources in LDCs, absent … resource scarcity, also exist. Thus, it appears that the role of renewable resources in conflict may be greater than simply a …
Persistent link: https://www.econbiz.de/10009468454
Ein Leben frei von Hunger ist ein bedeutender Bestandteil der Lebensqualität. Um die Ernährungssituation in Afrika südlich der Sahara (ASS) zu quantifizieren, bedient sich die Studie der Methoden der anthropometrischen Wirtschaftsgeschichte. Eine unzureichende Ernährung sowie ein hoher...
Persistent link: https://www.econbiz.de/10009475318
Equity markets in developing and emerging economies have grown in number and importance as a result of financial market globalisation. However, their role in economic growth and development is enhanced if nascent markets are integrated with well-established ones. Market integration, measured by...
Persistent link: https://www.econbiz.de/10009480491
In this dissertation I explain the relationship among inflation volatility, rationalbubbles, and asset prices. In addition, I investigate the transmission of asset prices andvolatility among countries.In the second chapter, which deals with the relationship between inflation volatilityand asset...
Persistent link: https://www.econbiz.de/10009464907
We analyze the pricing of a productive asset in a class of dynamic exchange economies with heterogeneous, infinitely-lived agents, and self-enforcing intertemporal trades. Individual incomes fluctuate and are correlated; preferences, dividends and aggregate income are fixed. Almost all economies...
Persistent link: https://www.econbiz.de/10009471638
Did monetary ease in the 1980s cause Japan's bubble, as is often suggested? Drawing on both a new cross-national consideration of the monetary policy-asset price linkage and a re-examination of what actually occurred in Japan 1985-1990, I conclude the bubble was just as likely to occur whatever...
Persistent link: https://www.econbiz.de/10009472319
Šiame darbe tikrinama efektyviosios rinkos hipotezė ir ieškomas ARIMA modelis pasirinktai akcijų kainų eilutei. Pakankama akcijų rinkos efektyvumo sąlyga yra atsitiktinio klaidžiojimo hipotezės galiojimas. Dėl to, naudojant autokoreliacijos koeficientų, Box – Pierce Q –...
Persistent link: https://www.econbiz.de/10009479109
' equity markets is explained in part by changing prices of risks associated with consumption relative to habit at the world as … the complete world market integration hypothesis and find that the model performs mildly better than the traditional … consumption-based model. the unconditional and conditional world CAPMs and a three-factor international asset pricing model. (C …
Persistent link: https://www.econbiz.de/10009448823
Of the many analytical methods collectively referred to as Modern Portfolio Theory (MPT), the Capital Asset Pricing …
Persistent link: https://www.econbiz.de/10009482180