MPRA Paper

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461: Determinants of Moral Hazard in Microfinance: Empirical Evidence from Joint Liability Lending Programs in Malawi

Franklin Simtowe and Manfred Zeller

457: Is Price Flexibility De-Stabilizing? A Reconsideration

Hamza Malik and William Scarth

456: Price Level vs. Nominal Income Targeting: Aggregate Demand Shocks and the Cost Channel of Monetary Policy Transmission

Hamza Malik

455: Monetary-Exchange Rate Policy and Current Account Dynamics

Hamza Malik

453: Using Option Theory and Fundamentals to Assessing Default Risk of Listed Firms

George Papanastasopoulos

451: Econometric Evidence Regarding Education and Border Income Performance

Christa Almada, Lorenzo Blanco-Gonzalez, Patricia Eason and Thomas Fullerton

450: Non-Gaussian dynamic Bayesian modelling for panel data

Miguel Juárez and Mark Steel

449: Performance of Differential Evolution and Particle Swarm Methods on Some Relatively Harder Multi-modal Benchmark Functions

Sudhanshu Mishra

446: Pasado, presente y futuro del fondo monetario internacional

Alfonso Galindo Lucas

445: Innovation creation and diffusion in a social network: an agent based approach

Marco Lamieri and Daniele Ietri

443: A simulation model of corporate finances: A study of the companies listed on Karachi stock exchange

Muhammad Ayub Mehar

442: Stock market consequences of macro economic fundamentals

Muhammad Ayub Mehar

440: Computability of simple games: A complete investigation of the sixty-four possibilities

Masahiro Kumabe and H. Reiju Mihara

437: Computability of simple games: A characterization and application to the core

Masahiro Kumabe and H. Reiju Mihara

434: Milkshake Prices, International Reserves, and the Mexican Peso

Thomas Fullerton and David Torres

433: Canales de reciclaje internacional de los petrodólares

Juan Ruiz and Josep Vilarrubia

432: Water transfers in El Paso County, Texas

Thomas Fullerton

431: Causas y consecuencias de la evolución reciente del precio del petróleo

Juan Ruiz

430: The financing of innovative activities by banking institutions: policy issues and regulatory options

Elisa Ughetto

429: International recycling of petrodollars

Juan Ruiz and Josep Vilarrubia

426: Mysterious Socio-Economic Disturbances and Cyclical Fluctuations

Muhammad Ayub Mehar and Muhammad Ahsanuddin

419: Supply of Money

William Barnett

418: Divisia Monetary Index

William Barnett

417: Rotterdam vs Almost Ideal Models: Will the Best Demand Specification Please Stand Up?

William Barnett and Ousmane Seck

416: Operational identification of the complete class of superlative index numbers: an application of Galois theory

William Barnett and Ki-Hong Choi

415: Is Macroeconomics a Science?

William Barnett

414: Social Consequences of Commitment

Alan Isaac

413: Environmental Sustainability and Regulation: To-Down Versus Bottom-Up Regulation

Yohannes Mariam

412: The Implication of Incorporating Environmental Costs in Utility Rate Setting

Yohannes Mariam

410: The Theoretical Regularity Properties of the Normalized Quadratic Consumer Demand Model

William Barnett and Ikuyasu Usui

409: The Contribution of Non-Physical Resources and Strategic Household Decision-making to Environmental and Policy Risks

Yohannes Mariam, John Galaty and Garth Coffin

408: Agricultural Information and Indigenous Knowledge in Peasant Economy

Yohannes Mariam and John Galaty

407: Goals and Strategies of Peasants in the Central Highlands of Ethiopia

Yohannes Mariam, John Galaty and Garth Coffin

406: Production efficiency in Peasant Agriculture: The Case of Mixed Farming System in the Ethiopian Highlands

Yohannes Mariam, Garth Coffin and Thomas Eisemon

405: Crop and Milk Production Structure of Smallholders in Ethiopia

Yohannes Mariam and Garth Coffin

404: Production Efficiency and Agricultural Technologies in the Ethiopian Agriculture

Yohannes Mariam and Garth Coffin

403: Production Efficiency in Peasant Agriculture: An Application of LISREL Model

Yohannes Mariam, Thomas Eisemon and Garth Coffin

402: Non-Robust Dynamic Inferences from Macroeconometric Models: Bifurcation Stratification of Confidence Regions

William Barnett and Evgeniya Duzhak

400: Minimum wages and wage structure in Mexico

David Fairris, Gurleen Popli and Eduardo Zepeda

399: The rising wage inequality in Mexico, 1984-2000: A distributional analysis

Gurleen Popli

396: Romania: From the quantitative monetary aggregates to inflation targeting

Ionut Cristian Voicu and Floricel Constantin

393: When Military Restrain the Rule: Philosophy and Indications

Muhammad Ayub Mehar and Muhammad Ahsanuddin

391: Changing Pattern in World Textile Trade

Muhammad Ayub Mehar

390: Study on Applications of Supply and Demand Theory of Microeconomics and Physics Field Theory to Central Place Theory

Benjamin Nien

388: Concern for relative position, rank-order contests, and contributions to public goods

Ünal Zenginobuz

387: Strategic Decision-Making: Adoption of Agricultural Technologies and Risk in a Peasant Economy

Yohannes Mariam, John Galaty and Garth Coffin

386: Analysis of Trends in Emission of Criteria Air Pollutants and Human Health in an Era of Regulation

Yohannes Mariam

384: Reversibility of Different Types of Capital Flows to Emerging Markets

Ozan Sula and Thomas D. Willett

383: Surges and Sudden Stops of Capital Flows to Emerging Markets

Ozan Sula

382: Turkey’s Customs Union with the European Union: A Framework for Evaluating the Impact of Economic Integration

Refik Erzan, Alpay Filiztekin and Ünal Zenginobuz

381: Customs Union with EU and the Impact of Foreign Competition on the Structure and Performance of Turkish Manufacturing Industry

Refik Erzan, Alpay Filiztekin and Ünal Zenginobuz

380: Independent regulatory agencies in emerging economies

Gül Sosay and Ünal Zenginobuz

379: Prospects for a unified urban general equilibrium theory

Marcus Berliant

378: Precios hedónicos para valoración de atributos de viviendas sociales en la Región Metropolitana de Santiago

Bernardo Quiroga

376: Competition between regulated and non-regulated generators on electric power networks

Ayşe Mumcu, Serhan Oğur and Ünal Zenginobuz

375: Political economy of citizens’ participation in environmental improvement: The case of Istanbul

Fikret Adaman, Fatoş Gökşen and Ünal Zenginobuz

372: Slavery and other property rights

Nils-Petter Lagerlof

369: Geography, population density, and per-capita income gaps across US states and Canadian provinces

Nils-Petter Lagerlöf and Syed A. Basher

367: What if Hayek goes shopping in the bazaar?

Marco Lamieri and Enrico Bertacchini

363: Funds Flow Analysis and Determinants of Fixed Assets

Muhammad Ayub Mehar

361: SIMULTANEOUS DETERMINATION OF INVENTORIES AND ACCOUNTS RECEIVABLE

Muhammad Ayub Mehar

359: Information sharing in credit markets: incentives for incorrect information reporting

Maria Semenova

358: From Knowledge Creation to Economic Development: Missing Links in Muslim World

Muhammad Ayub Mehar

357: Measuring the Effectiveness of Competition Policy: Evidence from the Turkish Cement Industry

Tamer Kulaksizoglu

354: The Role of External Auditors and International Accounting Bodies in Financial Regulation and Supervision

Marianne Ojo

352: Bounds testing approach: an examination of foreign direct investment, trade, and growth relationships

Joseph Frimpong and Eric Oteng-Abayie

351: Bivariate causality analysis between FDI inflows and economic growth in Ghana

Joseph Frimpong and Eric Oteng-Abayie

349: How Elitism Undermines the Study of Voter Competence

Arthur Lupia

348: Were Bush Tax Cut Supporters "Simply Ignorant?" A Second Look at Conservatives and Liberals in "Homer Gets a Tax Cut"

Arthur Lupia, Adam S. Levine, Jesse O. Menning and Gisela Sin

346: Public Ignorance and Estate Tax Repeal: The Effect of Partisan Differences and Survey Incentives

Yanna Krupnikov, Adam S. Levine, Arthur Lupia and Markus Prior

343: Inflation-Proof Credits and Financial Instruments. Making the Fisher Hypothesis a Reality

Juan Orus and Manuel González-Astudillo

341: The value of information in a multi-agent market model

Bence Toth, Enrico Scalas, Juergen Huber and Michael Kirchler

340: Teacher Incentives

Christian Jaag

339: School Competition

Christian Jaag

338: A Simple Model of Educational Production

Christian Jaag

337: Education, Demographics, and the Economy

Christian Jaag

336: The art of fitting financial time series with Levy stable distributions

Enrico Scalas and Kyungsik Kim

335: Dünya Bankası Politikaları

Ilhan Ozturk

333: Turkey and European Union Relations: Concept of Customs Union

Ilhan Ozturk and Kamil Sertoglu

332: The effects of exchange rate volatility on the turkish export: an empirical investigation

Ilhan Ozturk and Ali Acaravcı

330: Economic Impact of Capital Flight from Russia and its Institutional Context: Why Capital Controls cannot be a Part of a Pro-Growth Policy (updated version)

Denis Kadochnikov

329: Internationale Kooperation im asymmetrischen Gefangenendilemma: Das OECD Projekt gegen schädlichen Steuerwettbewerb

Thomas Rixen

328: Changes in the financing structure of the real economy in Poland - challenges for the banking sector

Jerzy Pruski and Dawid Żochowski

326: Strategic groups in Polish banking sector and financial stability

Grzegorz Halaj and Dawid Żochowski

325: The Political Economy of Bilateralism and Multilateralism: Institutional Choice in Trade and Taxation

Thomas Rixen and Ingo Rohlfing

323: The economic importance of cross-sectional technologies: An input-output approach

Ronald Janßen-Timmen and Waike Moos

320: Die Tuerkei, die islamische Welt und die Zukunft Europas. Ein Lehrstueck zur US-Außenpolitik im 21. Jahrhundert

Arno Tausch

316: Der EU-Erweiterungsprozess und die soziale Konvergenz

Arno Tausch

310: The Lisbon process, re-visited. A reality check of the European social model

Arno Tausch

309: La Curva de Retorno y el Modelo C-CAPM: Evidencia para Chile

Manuel González-Astudillo

307: Political orientation of government and stock market returns

Jedrzej Bialkowski, Katrin Gottschalk and Tomasz Wisniewski

306: Elasticidades de Sustitución de Importaciones para Ecuador

Manuel González-Astudillo and Sara Wong

302: Stock market volatiltity around national elections

Jedrzej Bialkowski, Katrin Gottschalk and Tomasz Wisniewski

262: World Bank Pension reforms and development patterns in the world system and in the "Wider Europe". A 109 country investigation based on 33 indicators of economic growth, and human, social and ecological well-being, and a European regional case study

Arno Tausch

259: Velocity Effect On Inflationary Growth of Turkey: Evidence From Co-integration Analysis and Granger's Causality Test

Ilhan Ozturk

257: Cyprus-EU Relations: Possible Scenarios For The Future

Ilhan Ozturk, Kamil Sertoglu and Ebru Kaptan

253: Evaluating Public Policy Formation and Support Mechanisms for Technological Innovation

Elaine Ramsey and Derek Bond

252: Long memory and non-linearity in Stock Markets

Derek Bond and Kenneth Dyson

251: Operationalising Senian capability approach by modelling human development

Luciano Canova, Marco Grasso, Alessandro Vaglio, Enzo Di Giulio, Stefania Migliavacca, Sara Lelli and Stefano Pareglio

250: When Does decentralization deliver? The Dilemma of Design

Chanchal Sharma