Journal of Economic Studies: Volume 36 Issue 3

How stable is the demand for money in African countries?

Mohsen Bahmani‐Oskooee, Abera Gelan

Studies that have addressed the stability of the demand for money in African countries are rare. A few papers have addressed the issue in a small number of individual countries…

Potentials of democratization, demilitarization, industrialization, and contraception

Marcus Marktanner, Joanna Nasr

The purpose of the paper is to model the human development potentials of democratization, demilitarization, industrialization, and family planning that different developing…

Impact of liberalization on efficiency and productivity of sugar industry in Kenya

M.R. Mulwa, A. Emrouznejad, F.M. Murithi

The data used in this study is for the period 1980‐2000. Almost midway through this period (in 1992), the Kenyan government liberalized the sugar industry and the role of the…

Optimal tax and expenditure policies in a market economy with life‐cycle savings: Revisiting the golden rule

Howell H. Zee

This paper aims to investigate whether the concept of the golden rule of capital accumulation is an applicable normative guidepost for a market economy even in the absence of the…

Transaction costs, productive efficiency and financial account management

Hülya Saygili

This study investigates functional equivalence between entering money into transaction costs that appears in firms' cost functions and the money in the production function. In…

Profits of horizontally interrelated firms with dividend obligations

Umed Temurshoev

The purpose of this paper is to solve the problem of overestimation of industry profits due to the presence of cross‐shareholding (CS) links among firms that is inherent to the…