Using panel data from 120 developing countries from 1975 to 2000, this paper explores the direct and indirect channels linking social spending, human capital, and growth in a system of equations. The paper finds that both education and health spending have a positive and significant direct...

This paper represents a neoclassical model that explains the observed empirical relationship between government spending and world commodity supplies and the real exchange rate and real commodity prices. It is shown that fiscal expansion and increasing world commodity supplies simultaneously...

This paper discusses possible strategies for developing countries in negotiations on trade in services in the ongoing WTO Doha Development Round (DR). The liberalization of service imports (including through direct investment) will generate benefits through higher quality, lower prices, and...

Most research on the performance and risk of hedge funds are based on calculations that just use the data from one index provider. Also most product providers and even more and more investors are using hedge fund indices for benchmarking purposes. As some academic articles pointed out, the world...

This paper presents a number of algorithms for a recently developed measure of space-time concordance. Based on a spatially explicit version of Kendall’s <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$\tau $$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mi mathvariant="italic">τ</mi> </math> </EquationSource> </InlineEquation> the original implementation of the concordance measure relied on a brute force <InlineEquation ID="IEq2"> <EquationSource Format="TEX">$$O(n^2)$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mrow> <mi>O</mi> <mo stretchy="false">(</mo> <msup> <mi>n</mi> <mn>2</mn> </msup> <mo stretchy="false">)</mo> </mrow> </math> </EquationSource> </InlineEquation> algorithm...</equationsource></equationsource></inlineequation></equationsource></equationsource></inlineequation>