This paper theoretically and empirically investigates export sensitivity to exchange rates in the context of intra-industry trade (IIT). It is assumed that more IIT implies a smaller elasticity of substitution among differentiated products and vice versa. The model presented suggests the gap in...

Trade liberalization leads to long-run gains, but it can also involve costly short-run macroeconomic adjustment. The paper explores the relative importance of these effects within a dynamic general equilibrium model that captures key elements of both international trade and macroeconomic models....

We explore whether the market variance risk premium (VRP) can be predicted. First, we propose a novel approach to measure VRP which distinguishes the investment horizon from the variance swap's maturity. We extract VRP from actual rather than synthetic S&P 500 variance swap quotes, thus avoiding...

We explore whether the market variance risk premium (VRP) can be predicted. First, we propose a novel approach to measure VRP which distinguishes the investment horizon from the variance swap's maturity. We extract VRP from actual rather than synthetic S&P 500 variance swap quotes, thus avoiding...

ENGLISH ABSTRACT: Black Economic Empowerment (“BEE”) is an imperative economic tool that the South African government established to achieve its transformational objectives which are meant to grow the economy, decrease inequalities and create more job and business opportunities for the South...

A new political dispensation in 1994 heralded a period of optimism for many ordinary SouthAfricans, who hoped for freedom and an escape from poverty. Since this transition, however,South Africa has registered steady increases in unemployment, which was already high andwidespread at that stage....

38 pp. Bookmarks modified by UO. 1995-2015 Plan adopted February 7, 1996. Draft for 2000-2020 Plan Captured December 1, 2005.

87 pp. Bookmarks supplied by UO. Tables, appendices. Published July 15, 1998. Captured January 13, 2008.

23 pp. Bookmarks supplied by UO. Maps, chart, illus. Published December, 2006. Captured January 14, 2009.

50 pp. Published August 2004. Captured December 1, 2005.