Since the 2001 Doha Round of multilateral trade negotiations, members of the World Trade Organization (WTO) have shown a renewed interest in using a new type of aid known as aid for trade (hereafter to be simply referred as AFT) as a means for catapulting the economic growth performance of...

From 1995-2007, worldwide tourist arrivals increased about 68.2 percent (or an average annual growth rate of about 5.2 percent) from 534 million to 898 million (UNWTO, 2008). Over the same period, Latin America countries (Central and South America) have experienced a rise in tourist arrivals...

Location quotient (LQ) is an index frequently used in geography and economics to measure the relative concentration of activities. This quotient is calculated in a variety of ways depending on which group to use as a reference. Here, we focus on simultaneous inference for the ratios of the...

Property rights will be more carefully defined and enforced when the value of a resource rises or the probability of losing the resource increases. A simple model is estimated on litigation data for Colorado to test this hypothesis. According to the model, the number of water rights cases will...

Economists are giving more attention to the issue of subjective well-being. A recent study of households in West Virginia treats subjective well-being in a quality of life context (Bukenya 2003) in rural areas. Wolfers (2003) examines business cycle volatility and subjective well-being, while...

Middle Tennessee is growing rapidly: two Midstate counties rank among the top 100 counties nationally for population growth, and Rutherford County ranks at the top nationally among other large counties for payroll employment growth. Middle Tennessee is growing, but what are the implications for...

We conduct a field experiment to determine whether racial discrimination can be identified in product-market auctions and, if so, under what conditions it is more likely to emerge. We compare the prices paid for perfectly substitutable products sold on eBay between sellers with distinctively...

A peer worker is introduced in a controlled labor market experiment characterized by unobservable effort and incomplete contracts. Workers make decisions independently and without knowledge of each others’ actions in a modified gift exchange experiment. Introducing a peer worker into an...

Some key features of the Borana household economy are explored in the changing context of growing pastoralist exposure to the exchange system. Despite past commercialization efforts, the pastoral economy has largely remained unmonetized. The average cattle off-take rate is found to be well below...

For the last five decades, there have been heated debates on the sources of economic growth in developing economies. The perceived factors of economic growth have ranged from surplus labor to investment in human and physical capital, transfer of technological change, overseas development...