his paper is motivated by empirical evidence illustrating the non-Gaussian nature of financial returns, (Jondeau et al 2007) and analyses extreme value theory, (EVT) as a proposed improvement (Embrechts et al., 2005) for risk estimation techniques.Credit default swaps, (CDS’s) are analysed due...

This study examines how Canadian exports to a specific trading partner are influenced by outward and inward direct investment flows to/from that country. A gravity-type empirical model guides a dynamic panel analysis which utilizes OECD country-level data from 1989-2007. Besides refuting the...

This paper considers the use of a “combinatorial optimization” technique in the aggregation of environmental benefit values. Combinatorial optimization is used to statistically match population census data to a Contingent Valuation survey. The matched survey and census information is then...

An Irish commercial fishery for orange roughy began in the Northeast Atlantic in 2001 with the assistance of government grants. The fishery began as an open access, non-quota fishery. The rapid boom and bust of many deep water fisheries was experienced. Landings peaked in 2002 and then dropped...

This paper, using Ireland as a case study, examines the relationship between economic activities and river water quality. The stipulation from the EU water framework directive (WFD) that all surface waters in the EU must be of ‘good ecological status’ by 2015 necessitate a quantitative...

In order to develop a policy framework and guidelines for improving a national approach to the management of Irish coastal regions and associated resources one first needs to be able to define what is meant by ‘a coastal region’ in an Irish context and secondly to know how the socio-economic...

Contingent valuation has been used extensively in estimating the value of environmental goods. One criticism of this approach, however, is that respondents in referendum-style contingent valuation surveys may express citizen assessments that take into account benefits to others rather than...

The global financial crisis has witnessed a dramatic slowdown in FDI flows, yet concerns over its possible impacts on investment and employment in home and host economies have actually intensified. Although weakened national economies may be a source of many such concerns, research has yet to...

Irish fishing waters are currently governed as part of the Common Fisheries Policy of the European Union. Under this regime, policies of strict regulation are employed to provide both an ecologically sustainable resource and an economically sustainable industry. These measures, however, have not...