March 2015
Mean-Gini portfolio selection: Forecasting VaR using GARCH models in Moroccan financial market
This paper focuses on Mean-Gini (MG) method for optimum portfolio selection. The MG framework, introduced by Shalit and Yitzhaki, is an attractive alternative as it is consistent with stochastic dominance rules regardless of the probability distributions of asset returns. Therefore, a MG framework is similar to a corresponding Mean-Variance (MV) framework in that it also uses two summary statistics-the mean and a...
March 2015
The role of foreign aid in reducing poverty: Time series evidence from Ethiopia
Driven by recent shifts in international financial flows towards poverty reduction and the concentration of previous studies on aid economic growth relationships, this study took a new metric to investigate aid’s effectiveness, that is poverty reduction. Based on this objective, the study employed multivariate cointegration analysis to a time series data from Ethiopia over the period 1975-2010. The empirical...
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