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The impact of climate change on crop production in Sub-Saharan Africa
Considerable attention has been given to climate change and its impacts. Agriculture is of special concern as it is the primary source of food and is dependent on weather. There is a wide range of estimated climate change ...
The impact of US fresh milk production standards on dairy trade
We analyse the impact of proposed changes in US legislation to allow greater use of dairy concentrate products in the production of fresh milk products. This change could potentially have a large impact on dairy trade as ...
Does Aid Work for the Poor?
This paper econometrically examines the impact of aid on the well-being of population sub-groups within 48 developing countries. This is a radical departure from previous empirical research of aid effectiveness at the ...
Due diligence, research joint ventures, and incentives to innovate
The decision to cooperate within R&D joint ventures is often based on ‘expert advice.’ Such advice typically originates in a due diligence process, which assesses the R&D joint venture’s profitability, for example, by ...
Consumer Response to Time Varying Prices for Electricity
We report new experimental evidence of the household response to weekday differentials in peak and off-peak electricity prices. The data come from Auckland, New Zealand, where peak residential electricity consumption ...
Assessing Business Cycle Synchronisation - Prospects for a Pacific Islands Currency Union
On-going debate of a Pacific Islands currency union has rekindled the argument on whether Pacific Island Countries (PICs) demonstrate symmetric behavior in their business cycles as a precondition for a union according to ...
The Effect of African Growth and Opportunity Act (AGOA) on Exports of Eligible Countries: Panel Data Evidence
There is considerable disagreement in the literature as to whether the unilateral and nonreciprocal preferences have succeeded in promoting developing countries’ exports. One strand of the literature suggests that multilateral ...
Determinants of Relative Price Variability during a Recession: Evidence from Canada at the Time of the Great Depression
Most studies find that relative price variability (RPV) is a U-shaped or V-shaped function of anticipated inflation, and a V-shaped function of unanticipated inflation. One exception is Reinsdorf (1994), who finds that RPV ...
Innovation Races with the Possibility of Failure
The standard innovation race specification assumes a memoryless
exponential distribution for the time to success of an R&D project. This specification implies that a project succeeds, eventually, with probability one. ...
Sustainability of Fiscal Policy: A Comparison of Contemporary Models for Asian Developing Countries
This study compares two well-known models used for assessing the sustainability of fiscal policy. The Model-Based test, an OLS-based model of sustainability, either adds little value or is a potentially unreliable approach ...