Many companies establish collaborative relationships (CRs) with suppliers either alongside or in preference to purchasing parts through a process of competitive bidding (CB). CRs over flexibilities and options arising mainly from th"looseness" of the contractual relationship. One significant...

Scholars have focused their efforts to explain poor growth and development in regions such as Sub-Saharan Africa, and parts of Asia, Eastern Europe, and Latin America, using arguments based on quality of institutions and geography and the structure and process of resource allocation and...

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Research on causes of underdevelopment traps and economic growth can be traced back to the work of Young (1928), Rosenstein-Rodan (1943) and Nurkse (1953). The seminal work of Kormendi and Meguire (1985), Grier and Tullock (1998), Barro (1991), Abramovitz (1986) and Baumol (1986), revived the...

We model the arrival of heterogeneous information in a financial market as a doubly-stochastic Poisson process (DSPP). A DSPP is a member of the family of Poisson processes in which the mean value of the process itself is governed by a stochastic mechanism. We explore the implications for...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>Any election may result in six possible situations. The incumbent or challenger may win according to the official results. If the incumbent wins, he may remain in power, or a standoff or coalition may ensue. In contrast, if the challenger wins, he may become...</p>

type="main" xml:lang="en" <title type="main">Abstract</title> <p>In this paper, we have presented the patterns of inequality, growth and income inequality in the MENA region. Using a cross-sectional time series data of MENA countries for the period 1985–2009, we have also investigated the effect of income inequality on key...</p>

We develop a global vector autoregressive model (GVAR) to analyze the globalgrowth spillover e¤ects on Africa. The model contains 46 African countries and30 developed and emerging market countries, covering 90 percent of the world econ-omy. The results suggest that there is a signi…cant growth...