This paper evaluates the time-varying integration of the Singapore stock market in the ASEAN-5 region based on

Moroccan’s trade deficit has worsened the last ten years. Actually, it stands at 42,3 billion dirhams. The aim of this study is to examine that export performance of Moroccan SMEs depend mainly on the managerial practices of their managers, more than the exogenous factors. Morocco is an...

The results in this paper show that a policy maker who ignores regional data and instead relies on aggregated integrated assessment models will strongly underestimate the carbon price and thus the required climate policy. Using a stylized theoretical model we show that, under the mild and...

In this paper we test for the existence of equity market contagion originating from the United States to OECD markets over the period from 01/01/1990 to 01/11/2010 characterized by several episodes of financial crises. Our empirical analysis relies on the use of an ICAPM model which has three...

We examine Africa’s increasing reliance on hydropower in light of climate change induced variations in rainfall and the potential power outages that may result. We use a continent wide riverflow model and IPPC climate change scenarios and show that current plans for African dam building are...

Ce papier examine la relation entre le niveau de divulgation volontaire des informations et le coût des fonds propres. En effet, la théorie suggère que la relation entre la divulgation volontaire et le coût des fonds propres est négative, tandis que les travaux empiriques n’ont pas...

This paper tests the time-varying degree of South Asian market integration using a conditional version of the International Capital Asset Pricing Model ICAPM, and applying a GDC-GARCH. The use of the GDC-GARCH technique allows us to, first, describe the timevarying stochastic conditional...

This article attempts to examine whether the equity premium in the United States can be predicted from a comprehensive

The purpose of this paper is to examine the managerial determinants of the export

This study examines the effects of the monetary policy of the United States on commodity prices. Using a Bayesian Structural VAR, we identify the interest rate shocks as a measure of the stance of the U.S. mon- etary policy and evaluate their impacts on different types of commodity prices. The...