The Granger causality procedure is used to assess the dynamics of market efficiency of 17 international stock indices. These indices are based on relatively smaller firms. The reference of market efficiency is a stock index, from the same economy, which is based on relatively larger firms. There...

Increasing access to finance for Very Small, Small and Medium Enterprises (VSEs/SMEs) has become an important goal for many governments and development agencies as VSEs/SMEs are viewed as main drivers of economic growth and creators of employment. However, a missing middle between the ceiling of...

This paper presents the results of a study of the demand elasticities for energy and non-energy inputs in the food processing and textile industries in Bangladesh, the Philippines and Thailand. Estimates of substitution elasticities in production were derived by fitting data to a translog cost...

Economic historians frequently face the challenge of estimation and inference when only a small sample of the relevant data is available. We illustrate solutions to the challenges through a case study analysis of the Uselding and Juba (1973) data. They have only seven observations available to...