The paper examines international linkages between daily time series of US and Australian 3 month Treasury Bills and 10 year Government Bonds from 1987-95, paying particular attention to the effects of macroeconomic announcements in both countries. The 2 country's interest rate data are modelled...

This paper examines human capital investment in rural households of developing countries, where child labour is prevalent. There are two features to the model: first, children contribute in an economic sense through child labour and through old-age security. Therefore, demand for children is...

In this paper we discuss the local conditions that secured the expansion of Italian small and mudium size firms in the past, as prelude to interpreting their transaction into glabal markets.

This paper shows that the profitability of merger in oligopoly is significantly enhanced if firms delegate the output decision to an agent and then motivate the latter using strategic rent shifting contrcts. Two consequences of increased profitability are that the minimum market share that the...