We develop a non-linear forecast combination rule based on copulas that incorporate the dynamic interaction between individual predictors. This approach is optimal in the sense that the resulting combined forecast produces the highest discriminatory power as measured by the receiver operating...

Business bribery is a particularly serious problem in the integration era. First, this article investigates the effects of institutional obstacles on firms' bribery in 131 countries classified by nation income groups. Through the appropriate proposal of fitting functions, the relationship...

Aim/purpose - External aid allocation by the donors in recent years has been fraught with instability and volatility. This has a negative consequence on the recipient economies particularly those that are highly aid-dependent. A good solution to the problem requires much understanding of factors...