In this article, we compare the local asymptotic and finite sample power of two recently proposed recursive right-tailed Dickey�Fullertype tests for an explosive rational bubble in asset prices. It is shown that the power of the two tests can differ substantially depending on the location of the explosive regime, and whether such a regime ends in collapse. Since this information is typica…

Is a developmenta (TM) passA(c)? Is it merely a by-product or a a trickle downa (TM) effect of economic growth, spurred by globalisation? Will poverty simply diminish with increased global markets? This state-of-the-art critical a developmenta (TM) reader deals with these and related questions. Globalisation, Poverty and Conflict examines the inter-relationships between globalisation, poverty a…