This article explores the reduction potential of greenhouse gases for major pollution-emitting countries of the world using nonparametric productivity measurement methods and directional distance functions. In contrast to the existing literature, we apply optimization methods to endogenously determine optimal directions for the efficiency analysis. These directions represent the compromise of o…

Tahun Terbit

2013

Tahun Terbit

2013

Tahun Terbit

2013

Tahun Terbit

2013

This article offers a new mechanism to explain de-industrialization in response to a price increase of the manufactured good. In our trade model, one sector (agriculture) is perfectly competitive whilst the other (manufacturing) is monopolistically competitive. Both industries use skilled and unskilled labour as inputs. Entry into manufacturing requires a fixed cost in terms of skilled labour o…

This article examines the impact of conflict-induced population displacement on urban labour markets. Data from over 900 working-age individuals in Sudan indicates that long-term urban residents in conflict areas have a higher probability of being employed in skilled sectors relative to similar individuals in a non-conflict city and a lower likelihood of becoming unemployed. Recent arrivals to…

Has inflation targeting (IT) conferred benefits in terms of economic growth on countries that followed this particular monetary policy strategy during the crisis period 2007�13? We answer this question in the affirmative. Countries with an IT monetary regime weathered the crisis much better than did countries with other monetary regimes, particularly countries with fixed exchange rates.

Standard Gaussian affine dynamic term structure models do not rule out negative nominal interest rates�a conspicuous defect with yields near zero in many countries. Alternative shadow-rate models, which respect the nonlinearity at the zero lower bound, have been rarely used because of the extreme computational burden of their estimation. However, by valuing the call option on negative…

Tahun Terbit

2007

Deskripsi Fisik

iii, 46 hlm.; 21 cm

No. Panggil

371/PED