Economics Working Papers, Economics Research Paper

This paper focuses on the yield prospects of wheat, rice and maize since these cereals dominate human diet, and since continued yield growth is considered the major route to meeting future global demand for food, ...

Socially embedded features in Japanese markets and how market activities in Japan deviate from the West have attracted considerable attention from a wide range of scholars in the social sciences. But the period of economic ...

The main purpose of the paper is to provide a mathematical background for the theory of bond markets similar to that available for stock markets. We suggest two constructions of stochastic integrals with respect to ...

One of the greatest problems facing many Sub-Saharan African countries today is the amount of their external indebtedness. The external debt problem is becoming more acute for a number of reasons. First, the size of ...

The paper is intended to explain low sensitivity of employment decisions observed in transition economies where insider ownership prevails and capital markets are not highly developed. We introduce a stability concept for employment levels of ...

The main part of Japanese aid is directed to Asia and there has been a strong emphasis on economic infrastructure, that is building railways, roads and ports etc. Recently however there is a refocusing towards ...

We study three cases in which specialized arbitrageurs lost significant amounts of capital and, as a result, became liquidity demanders rather than providers. The effects on security markets were large and persistent: Prices dropped relative ...

This paper provides an assessment of Greenland's tax system and contemplates changes that may be undertaken in the future to prepare for greater economic self-reliance and for the country's participation in the wider world economy. ...

Most people seem to think that Russia's economy and fiscal situation are still crucially tied up with international oil prices and the exchange rate of the rouble, although this view has recently been challenged by ...

The dangers of shouting "fire" in a crowded theater are well understood, but the dangers of rushing to the exit in the financial markets are more complex. Yet, the two events share several features, and ...