Now showing items 1-10 of 108
EMPLOYMENT AND EFFICIENCY OF PRODUCTION OF SMALL-SCALE ENTERPRISES (ETHIOPIA, AFRICA)
This dissertation evaluates the importance of small-scale industries in providing employment and income in the economies of African countries. Data on small enterprises in Ethiopia is used to explore questions related to ...
Capital budgeting models based on constrained profit maximizing and non-profit maximizing behavior
Although economic literature traditionally assumes maximization of total profits to be the only goal of the firm, recently some alternative entrepreneurial motivations have received much attention. Nevertheless, in the ...
Intertemporal arbitrage, speculative balances, and the liquidity effect
This thesis explores money manager intertemporal arbitrage as an explanation of the liquidity effect. We develop a theoretical model of optimal portfolio adjustment by professional money managers, and show that they engage ...
A time series analysis of the Japanese yen
This paper sought to address the question as to whether the exchange rate can be forecasted more accurately by a monetary model of exchange rate determination or the random walk in the case of the Japan-U.S. exchange ...
Heteroskedasticity and serial correlation in tests for rational expectations and/or simple market efficiency: A white-type approach
The simple market efficiency hypothesis implies that prediction errors, such as forward less spot exchange rates, will be orthogonal to elements of the information set. One can therefore test for market efficiency via ...