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An Efficient Frontier for Internatonal Portfolios with Commodity Assets
Includes commodities and assets from emerging equity markets in investment portfolios produces significant risk/return benefits.
The Use of New York Cotton Futures Contracts to Hedge Cotton Price Risk in Developing Countries
New York cotton futures and options contracts provide an effective way to reduce cotton price volatility, despite relatively high basis risk.
The Value of Superfund Cleanups
The U.S. Environmental Protection Agency (EPA) has considered both cost and permanence in choosing among alternatives for cleaning up contaminated soil. But the EPA is willing to pay large sums to incinerate contaminated soil rather than cap it or put it in a landfill. Are the beneftis of inceneration worth it?
Capital Fundamentalism, Economic Development, and Economic Growth
Should our research and policy advice be guided by a modern version of capital fundamentalism, in which capital and investment are viewed as the primary determinants of economic development and long- run growth? No. Capital accumulation seems to be part of the process of economic development, not its igniting source.
