November 2011
A survey of poverty and inequality indicators with an application to Southern African Customs Union (SACU)
The article provides a brief survey of poverty and inequality indicators and proceeds to provide their analytical application for countries in the Southern African Customs Union (SACU). Poverty measures surveyed, included money-metric measures such as the Foster-Greer-Thorbecke (FGT) indicators, while the non-money metric measures included body mass index and human development index (HDI), among others. The inequality...
November 2011
The long run relationship between interest rates and inflation in Iran: Revisiting Fisher’s hypothesis
This paper analyzes the relationship between interest rates and inflation by using the Johansen’s co-integration approach and then vector error correction model (VECM) approach. It should be noted that this relation has been known as Fisher effect in long run term, so we used the theory of Fisher for theoretical basis. The hypothesis, proposed by Fisher (1930), which states that the nominal rate of...
November 2011
Economic growth and increasing trends of child malnutrition in Mumbai City
Malnutrition among children reduces the physical growth, school achievements and future employment opportunities. Present study finds that the incidence of malnutrition among below five age group children in Kutcha slums of Mumbai city is increasing. The incidence of stunting is rising faster whereas the incidence of underweight remains stagnant. The incidence of severe malnutrition is also increasing among...
November 2011
International portfolio diversification: Cointegration, causality tests and error correction model
The objective of this paper is to examine the short and long term relationships between 22 financial markets in order to study their implication on the potential gains from international diversification during the period 1987 to 2004. We will make an empirical study based on cointegration, causality tests and error correction model. The results of bivariate tests show the existence of long term...
November 2011
Balance sheet channel in developing countries: Review, evaluation and integration
Lacking from most of the literature on the balance sheet channel is an integration of economic theory with empirical observation. We provide: (1) An account of the usefulness of the theoretical literature for interpreting the empirical research on the balance sheet channel; (2) Brief notes on some of the implications of the balance sheet channel; and (3) Suggestions for future research roadmap which...
November 2011
Analytic hierarchy process for prioritizing production functions: Illustration with pharmaceutical data
Since the downturn hit the world’s economy in 2008, many organizations have been having a tough time remaining in business not to talk of making profit. Consequently, companies now seem to give a relatively high priority to the marketing competencies of their staff even when this may not be the required antidote. Using data from five major pharmaceutical companies in Lagos, Southwest Nigeria, this study...
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