We develop a global vector autoregressive model GVAR to analyze macroeconomic shock transmission among the East African Community countries. The results suggest that there is a signi…cant growth and in‡ation shock transmissions from Kenya to the rest of the member countries while the transmission in the opposite direction is insigni…cant. The macroeconomic shocks are re‡ected more on prices tha...

In this paper we investigate the empirical pass-through of the nominal exchange rates to the consumer price indexes (CPIs) for five Eurozone countries vis-à-vis the United States. There are significant structure changes in these countries during the European integration. The Eurozone CPIs have been insulated from the exchange rate shocks since that integration; on the other hand, we find that t...

This paper is an extension of the debate on the nexus between the strength of IPRs and prospects for knowledge economy. It assesses the relationships between software piracy and scientific publications in African countries for which data is available. The findings which reveal a positive nexus are broadly consistent with the school of thought postulating that, the East Asian miracle has been la...

The degree to which measurement accuracy in a vector network analyzer can be improved through error correction is dependent on a number of factors. Modern error correction methods have improved the system accuracy and simplified the calibration procedure. Methods are in place to determine the accuracy of error corrected measurements. And the quality of the calibration standards is key to system...

We report about some experiments on the fingerprint database NIST-4 using different combinations of Support Vector Machine (SVM) classifiers. Images have been preprocessed using the feature extraction technique as in [10]. Our best classification accuracy is 89.3 percent (with 1.8 percent rejection due to the feature extraction process) and is obtained by an error-correction scheme of SVM class...

This paper aims to investigate the role of each aggregate spending component in the monetary policy transmission in Indonesia. It assesses the relative strength of the role of each spending component in the monetary policy transmission. In so doing, this study employs the contribution analysis, which is calculated based on the cumulative impulse response of each component of GDP to a monetary p...