This paper offers a new way of compiling effective exchange rate indices, which is then shown to perform generally better in prototype equations explaining total real exports than other published indices. Researchers can use this method to compile effective exchange rates, real or nominal,...

A series of surveys conducted in Hong Kong since 2005 shows a decline and then a recovery in the happiness index. A series of regression analysis suggests that the recent rise in the happiness index that began ahead of the financial tsunami and continued uninterrupted by the crisis possibly...

Intra-regional trade has been rising rapidly, especially after China's accession to the WTO in 2001. China's economy is expanding rapidly, and has already passed Japan in 2010 to become the world's second largest economy. It is clearly producing a huge impact on the world economy, and...

1. Functional health and the health stock -- 2. A framework for risk and health policy analysis -- 3. Insurance, moral hazard and adverse selection -- 4. Health policy evaluation -- 5. Health policy in mainland China, Hong Kong and Taiwan : settling down to a model? -- 6. Publicly funded...

The US federal deficit has, over the years, remained a subject of widespread concern and controversy. Diverse views continue to be expressed on such questions as whether the deficit matters, whether it is the inflation‐adjusted deficit that matters, whether bond‐financed deficits are...

The design of public policy must take human nature as an immutable constraint, both with a view to choosing the appropriate policy objectives and in regard to the human response and hence the effects of the policy. Once human nature is seen in the proper light and the multiple needs of society...