In this paper, we develop a multi-sector dynamic stochastic general equilibrium (DSGE) model with a simple commodity sector and assess whether forecasts from this model can be improved by using it as a prior for an empirical Bayesian vector autoregression (BVAR). We treat the world economy as...

Indian steel production has grown strongly in recent decades and India is now the world’s fourth largest steel producer. Nevertheless, India’s consumption of steel relative to the size of its economy is very low by international standards. As the economy develops further, steel consumption...

Fluctuations in Chinese imports are often viewed by analysts as containing information about domestic demand in China. However, identifying the extent to which imports of manufactured goods depend on domestic demand is difficult given the integration of Chinese trade in regional manufacturing...

We investigate the asymptotic validity of the bootstrap for Durbin-Wu-Hausman (DWH) tests of exogeneity in linear IV regressions, with or without identification. Our analysis of the properties (size and power) of the proposed bootstrap tests provides some new insights and extensions of earlier...

The presence of illegal, unregulated and unreported (IUU) fishing activities is considered a serious barrier to the sustainable use of marine resources. This paper uses a game theoretic approach to investigate the strategic interaction between fishers and management in the presence of IUU...