August 2011
Fiscal federalism in changeable world
The conversations about fiscal federalism, decentralization and devolution have been evolving in the literature since the second half of the 20th century. In the United States and all around the world, the matter of governance and decentralization are on the agenda. This paper aims to find the routes of fiscal federalism by first understanding what is meant by federalism, as it does not simply refer to a form...
August 2011
Corporate governance and firm performance in Pakistan: The case of Karachi Stock Exchange (KSE)-30
This paper examine the relationship between four important corporate governance mechanisms (board size, board composition, CEO/chairman duality and audit committee) and two firm performance measures (return on equity, ROE, and profit margin, PM), for a sample of 30 Pakistani listed firms between 2008 and 2009. The results provide evidence of a positive significant relationship between ROE and PM and...
August 2011
Impact of VAT on economic development of emerging nations
This paper on the impact of value added tax (VAT) on economic and human developments of emerging Nations from 2001 to 2009 as VAT is becoming important source of revenue. Our scope of study centers on Adamawa State of Nigeria. Data were collected from both primary and secondary sources. Regression, discriminant analysis and ANOVA were used in testing the hypotheses. We found out that VAT allocations...
August 2011
Technical efficiency of sole cowpea production in Adamawa State, Nigeria: A Cobb-Douglas stochastic frontier function
The stochastic frontier production model represents an improvement over the traditional average function and the deterministic functions, which use mathematical programming to construct production frontiers. The study was conducted to analyze the technical efficiency of sole cowpea production in the Northern part of Adamawa State using a stochastic frontier model. The result revealed that the variance of...
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