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The equity premium, return on equity minus return on risk-free asset, is expected to be positive. We consider imposing such positivity constraint in local historical average (LHA) in nonparametric ker...
The equity premium, return on equity minus return on risk-free asset, is expected to be positive. We consider imposing such positivity constraint in local historical average (LHA) in nonparametric ker...
This working paper offers a longitudinal and descriptive analysis of the strategies of multinationals from developed countries in developing countries. The central argument is that strategies were sha...
Murder examines the socio-cultural construction of murder, specifically the interpersonal murder of intimates and acquaintances, and the manners by which these constructions have changed throughout hi...
Often, on the ideological battlefield of world politics, one side identifies its agenda as progress and the opposition as regress. Citing history as its vindication with the claim that one is on the ‘...
This article discusses the development of European transport policy in historical perspective and the challenges this faces at present. European transport policy took some time to emerge and progress ...
What is corporate governance? It is the relationship among various participants in determining the direction and performance of corporations. The primary participants are (i) the shareholders, (ii) th...
The Sixteenth Amendment to the United States Constitution, approved by Congress in July 1909, was declared in force by the secretary of state on February 25, 1913. One of the briefest amendments, i...
Before we can understand and evaluate the political economy of the petroleum industry, it is essential that we review the fundamental nature of the market economy and of the interventionist process...
Introduction The current international debt situation has led some analysts to suggestthe possibility of a scenario whereby international debt defaults quickly lead to severe strains on domestic co...
Introduction Recent, highly publicized bank failures have inspired some observers to advocate reversal of the financial deregulation begun in 1980; they argue that the excessive risk assumed by unr...
Recent events in Asia and other parts of the globe have prompted calls from many quarters for international rescue of the monetary or fiscal authorities of distressed countries, not only the current...
The creation of the euro in January 1999 was a milestone in monetary history. One currency supplanted the centuries old currencies of 12 sovereign nations, and the European Central Bank began conduc...
When we planned the initial products of the County Boundary Project—printed volumes of maps and text detailing all changes in the locations, sizes, shapes, names, and organization of every county in t...

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