What is the basis and direction of relationship between income inequality and economic growth? The equity versus efficiency dictum which predicts a positive relationship between inequality, capital formation, and real GDP growth—emphasizes the importance of economic incentives. Subsequently,...

This paper performs a quantitative analysis of iron ore prices. The analysis will focus on two general issues. First, are prices more volatile before or after the introduction of spot market pricing in 2008/2009? Second, has the change in pricing regime had a significant effect on the iron ore...

Since the early 1970s there has been a worldwide upsurge in the price of energy and in particular of gasoline. Therefore, demand functions for energy and its components like gasoline have received much attention. However, since confidence in the estimated demand functions is important for use in...