This paper analyses, within the new growth theory framework and using panel cointegration techniques, the effect of agricultural international technological spillovers on total factor productivity growth for a sample of 47 countries during the period 1970-1992. The analysis shows that total factor productivity is strongly influenced by domestic as well as foreign public R&D spending in agricult...

After the Second World War, both Greece and Italy experienced a Left-Right political polarization and a reproduction of earlier patterns of political patronage. Both Italy and Greece received international aid, including emergency relief, interim loans, and Marshall Plan funds. By the beginning of the 1950s, the Italian economy had recovered better from war destruction and had achieved industri...

This paper examines how foreign ownership affects the investment decisions of subsidiary firms using a new dataset of listed-parent − listed-subsidiary pairs. We find that improvements in the investment opportunities of parent firms have a negative effect on the investment of their subsidiaries, after controlling for the investment opportunities of the subsidiary, which can be independently obs...

Funds of Funds (FoF) are particular investment funds that invest resources in some mutual funds. This type of funds offers the possibility to achieve an higher diversification that an investor can’t realize using other instruments. One of the main differences among FoFs available is the strategy adopted by the manager to select the investment funds to include in the portfolio and the number of ...

T he main purpose of this paper is to analyze the performance of mutual funds in Iran by using Fama decomposition model (1972). Thus, daily data of 55 mutual funds during a four-year period from 21/3/2014 to 21/3/2018 were investigated. To achieve this goal, firstly, the performance of mutual funds was broken down into Fama components, and it was shown that the diversification perfor...

Sovereign credit ratings have gained importance in financial markets. the function of providing necessary information a common language between market participants who need funds and investors. affect countries’ borrowing costs. Additionally, ıt affects decisions foreign investors investment funds, to invest related country. In sovereign risk approaches, various data is used for assessment such...

The relationship between net fund flow and performance of open-end funds was studied in this paper. The empirical tests on the performance and size of open-end funds in China show that the net fund flow of funds is positively correlated with pre-performance of funds, while the performance of funds is negatively correlated with the net fund flow of funds. These empirical studies imply that inves...

According to 1993 statistics, some 750,000 new books are published annually in the various languages of the world. Of these, Britain publishes about 86,000, the US about 50,000 while France produces about 41,000. From the publication lists of the major countries that publish English language books, including Britain, the US, Germany, Holland, Canada and Australia (from which we order our books ...

This study aims to analyze Sri Lanka's lobbying and negotiations with China through offering debt for equity swaps, i.e. exchanging into assets. The situation at that time was Lanka wanted build a port on the Hambantota route, or now known as Port. But lacks funds development needs help from large economy. China, which has good bilateral relations Lanka, is willing provide assistance in form of...