Author(s)： Guenther Sandleben ABSTRACT By drawing on his critically developed labour theory of value, Marx was able to provide a satisfactory answer to the question of unequal exchange—that is, the question of how the law of value regulates exchange between … Continue reading
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Author(s) ： Amanjot Singh, Parneet Kaur ABSTRACT The present study attempts to empirically analyze the co-movement in the BRIC countries’ stock markets in the long run by employing a Johansen cointegration technique. We have divided the sample period into two … Continue reading
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Author(s)： Xingwu Zheng, Yi Zhang, Wei Lu ABSTRACT China’s civil aviation industry experienced an average annual growth rate of over 16% for traffic turnover during 1955-2011. It is important to identify the role of capital and labor inputs as well … Continue reading
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Author：Frederick Betz ABSTRACT Financial instability in Greece began in 2009 when the interest rates on Greek sovereign bonds surged; and this can be graphed in a “price disequilibrium” model. To explain how this came about, we create a systems-dynamics model … Continue reading
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Author(s)：Anichul Hoque Khan, Hasnat Dewan ABSTRACT This study measures the severity of a banking crisis by using its duration and the cost. Using this new methodology, we find that the factors associated with a severe banking crisis are not quite … Continue reading
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Author(s)： Xinyue Bei1, Yanjia Yang2, Liuling Li3, Bruce Mizrach4 ABSTRACT In this paper, the effect of Index Futures on stock market is studied. A new model, which is based on the 3-factor model in Fama and French (1993), the EGARCH-type … Continue reading
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Author：Gerald Aranoff A short article about my paper: “A Model of Room Rentals in a Seasonal Hotel Illustrating Monopolistic Competition” published in Theoretical Economics Letters Volume 4 number 2, pages 139-145 by Gerald Aranoff. July 9, 2014 We illustrate monopolist … Continue reading
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Author(s)：Rodrigo Hernandez, Yinying Shao This paper introduces a new financial product named Certificates on a Straddle with Forward Start and provides detailed descriptions of the product specifications. It shows that the payoff of a Certificate on a Straddle with Forward Start … Continue reading
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