Firms have employed strategic alliances with other firms to effectively manage costs, overcome resource and technology constraints, and enhance competitive position. Strategic alliances can lead to productive institutional collaborations in rural financial markets, thereby expanding the array of...

This paper updates the projections presented in our original report regarding the current and future financial health of the Federal Housing Administration's Mutual Mortgage Insurance Fund in light of the recent turmoil in financial markets and mortgage lending. The Fund – though protected...

This paper assesses the current and future financial health of the Federal Housing Administration's Mutual Mortgage Insurance Fund in light of the recent turmoil in financial markets and mortgage lending and finds that the Fund--though protected from many of the excesses of the recent housing...

This paper examines the stability of the Bilson-Fama regression for a panel of 55 developed and developing countries. We find multiple break points for nearly every country in our panel. Subperiod estimates of the slope coefficient show a negative bias during some time periods and a positive...

We have recently proposed an alternative approach to economic analysis, which we call Imperfect Knowledge Economics (IKE). Although IKE builds on the methodology of contemporary macroeconomics by modeling aggregate outcomes on the basis of mathematical representations of individual decision...

This paper discusses a number of likelihood ratio tests on long-run relations and common trends in the I(2) model and provide new results on the test of overidentifying restrictions on β’xt and the asymptotic variance for the stochastic trends parameters, α⊥1: How to specify deterministic...