The following notes contain a computer simulation concerning a basic nonWalrasian equilibrium system, following the Edmond Malinvaud “short side” approach, as far as the price adjustment is concerned, and the sequential Hicksian “weeks” structure with regard of the temporal characterization. Two strongly heterogeneous classes of agents will be taken into consideration: the “rich” and the “poor”...

The theory of quantification is a method of statistical data analysis of categorical data. In other words, this is a kind of data theory and is closely related to optimum scaling method. This method has been mainly developed by Guttman in Israel and Hayashi in Japan. The multidimensional scaling method, which has been recently developed, is considered to be a continuation of the theory of quant...

Financial development is vulnerable to social conflict. Conflict reduces the demand for domestic currency as a medium of exchange and a store of value. Conflict also leads to poor quality governance, including weak regulation of the financial system, thereby undermining the sustainability of financial institutions. Conflict therefore reduces the social return to financial liberalization and oth...

Culture is not new to the study of migration. It has lurked beneath the surface for some time, occasionally protruding openly into the discussion, usually under some pseudonym. The authors bring culture into the open. They are concerned with how culture manifests itself in the migration process for three groups of actors: the migrants, those remaining in the sending areas, and people already li...

This report documents the results of two follow-up workshops on the International Handbook of Labour Market Policy and Evaluation. The aim of these workshops was the exchange of experience among academics and practitioners in the evaluation of labour market policies. The Handbook project as well as the two workshops were supported from the beginning by DG V of the European Commission through th...

The aim of this paper is to provide a new perspective on the nonparametric co-integration analysis for integrated processes of the second order. Our analysis focus on a pair of random matrices related to such integrated process. Such matrices are constructed by introducing some weight functions. Under asymptotic conditions on such weights, convergence results in distribution are obtained. There...