We analyze the effect of fisheries subsidy negotiations on financial markets and aggregate demand in developed and developing countries. We examine the plausible scenarios that are likely to emerge in the event of elimination or reduction of subsidies, and the subsequent effect on the financial...

The yield curve is an important tool to assess the economic progress of a country. In this study, we examine the strength of the relationship between term spread and economic activity, and between the components of the yield curve and economic activity in the G7 countries using monthly data on...

In this paper, we apply the Markowitz portfolio optimization technique based on mean-variance and semi-variance as measures of risk on stocks listed on the South Pacific Stock Exchange, Fiji. We document key market characteristics and consider monthly returns data from SEP-2019 to FEB-2022 (T =...

In this study, we analyze portfolio performance under different methods and scenarios for the small island economy of Fiji. In addition to documenting the historical performance and the smallness of the stock market, the study looks at the possibility of opting for an equally weighted...

In this paper we show in an endogenous growth model that the private property of land reduces the growth rate. The reason for this is that the private property of land crowds out growth-enhancing investments. This result will occur if the land is traded or if the land is bequeathed. Additionally...

Bereits seit Adam Smith (1776) versuchen Ökonomen das Wachstum von Volkswirtschaften zu erklären. Ein möglicher Faktor - der Einfluß politischer Maßnahmen auf das Wirtschaftswachstum - wird von der neoklassischen Wachstumstheorie verneint, wohingegen die "Neue Wachstumstheorie" zu...

In this paper we change the structure of the basic conflict model. This makes it possible to found an economic theory of war and peace. Apart from few exceptions there exist no peace equilibria in the related literature of conflict theory. The aim of the paper is to fill this gap, because most...

In this article, we explore the much debated nexus between remittances and economic growth in Bangladesh. Drawing on an annual data from 1979 to 2012 and using the augmented Solow framework with the autoregressive distributed lag bounds procedure, we examine the cointegration relationship, the...