This paper explores how a country can maximise its utility from the Olympic games when uncertainty exists in medal production. A theoretical model demonstrates how the value of medals, uncertainty in producing medals, a decision maker's attitutes towards risks and costs of producing medals...

The aim of this paper is to quantify the determinants of happiness in university students, with information drawn from a survey conducted with students at the University of Western Australia in 2003. Ordered probit and ordinary least squares models are applied. Happiness could be measured and...

This paper examines the role of foreign direct investment in the growth of central and Eastern European countries, the Baltic States and the CIS around the transition period.

Based on a low level of elasticity of substitution between labour and capital in the transitional economies, this paper theoretically suggests how they should be able to reach a stable growth path after a period of rapid dynamic short-run movement. The paper places particular emphasis on the...

The consumption pattern of seven major metals - steel, aluminium, copper, lead, nickel, tin and zinc - has frequently violated the law of demand in the late 20th century. This paper examines the patters of the major metal consumption int he world and seven particular regions and analyzes the...

The relationship between real exchange rate pass-through (ERPT) for market price and an individual country’s price was theoretically formulated and empirically explored, using steel products data in the US market, with special reference to two major steel exporting countries, Japan and Korea....