Working Papers

In light of the high energy consumption associated with Heating Ventilation and Air Conditioning (HVAC) in tourism accommodation establishments, as well as the concern for guests’ satisfaction which limits the environmental actions of these establishments, this study tests the hypothesis that...

This paper establishes whether central bank preferences are related to governors' preferences when there is a change in policy regime. We use a time-varying parameter approach that allows the policy preferences to vary over the sample period. The results show that the policy parameters exhibit...

Zimbabwe had one of the world's worst economic crises from the late 1990s to 2009. The crisis encompassed a nancial sector crisis, severe adverse investment and demand shocks and idiosyncratic rm and industry interventions by government. On the basis of the resource misallocation hypothesis, the...

We explore whether there is evidence of property rights amongst the homeless, and if so, how these rights are governed. We show that although the homeless are able to derive some value from assets, and can exclude other members of their community, these rights are precarious and dependent upon...

There is limited theory and empirical evidence about the effects of inherited wealth and social comparison on individual labor-market behavior. Investigating the impact of inherited-wealth status – an accident of birth rather than an outcome of competition – contributes to the understanding of the...

This study analyzes the evolution of institutions in Côte d’Ivoire using a new set of data on institutions. Three types of indexes have been constructed: the Property Right Index, the Political Freedoms and Civil Liberties Index and the Political Instability Index. These indicators correlate fairly...

The main aim of this study was to investigate the relationship between competition and efficiency in the South African banking sector, then go further, and see how these variables affect bank soundness. Results show that the impact of competition on efficiency depends on the measure of competition...

This paper provides an extensive analysis of the demand for cigarettes based on longitudinal data drawn from the South Africa National Income and Dynamic Study (NIDS: 2008 - 2014). We compare the results of the pooled OLS (POLS), the standard two-part model, the random and the fixed effect (RE, FE...