Many interesting issues are posed by synchronization of cycles. In this paper, we define synchronization and show how the degree of synchronization can be measured. We propose heteroscedasticity and serial correlation ...
Using confidential firm-level data from the Bureau of Economic Analysis (BEA) on activities of U.S. multinational corporations (MNCs) and their Canadian affiliates, we study the dramatic growth of intra-firm and arm's-length ...
Abstract: The regression relation between regularly sampled Y(t) and X"1(t),..., X"N(t) implied by an underlying model in which time enters more generally is studied. The underlying model includes continuous distributed ...
Abstract: It is shown that in the complete dynamic simultaneous equation model exogenous variables cause endogenous variables in the sense of Granger (1969) and satisfy the criterion of econometric exogeneity discussed by ...
A well-known method of validating econometric models (structural or otherwise) is to examine their performance in out-of-sample prediction. That is, given a change in the policy environment, do the key endogenous ...
This paper examines the stability of the benefit transfer function across 42 recreational forests in the British Isles. A working definition of reliable function transfer is put forward, and a suitable statistical test is ...
Surveys of Australian retirement savings funds verify that most international bond holdings, but not equity holdings, have been hedged for currency risk. We compare the mean variance efficiency of this practice with two ...
Haywood, P.; Bridges, J. F(Taylor and Francis, 2001)
We report the results of a study analyzing
the proportion of theoretical and empirical
articles in two core health economics journals.
The Journal of Health Economics published
30% theory during the period
1982-1986, ...
We propose an alternate parameterization of stationary regular finite-state Markov chains, and a decomposition of the parameter into time reversible and time irreversible parts. We demonstrate some useful properties of the ...
The conditional CAPM with time-varying betas has been widely used to explain the cross-section of asset returns. However, most of the literature on time-varying beta is motivated by econometric estimation using various ...
The standard Tobit maximum likelihood estimator under zero censoring threshold produces inconsistent parameter estimates, when the constant censoring threshold I? is nonzero and unknown. Unfortunately, the recording of a ...
Tourism expenditures have been much researched in the past: at the aggregate level to evaluate national benefit of the tourism industry and at the disaggregate level to evaluate the attractiveness of tourist market segments. ...
We develop a real model of exchange rate overshooting due to a debt servicing multiplier. Borrowers of foreign capital are bound by noncontingent contracts to pay the world rate of return following an adverse shock. This ...
Objectives: Cystic fibrosis (CF) is an inherited disease that requires more intensive treatments as the disease progresses. Recent medical advancements have improved survival but have also increased costs. Our lack of ...
Although there has been considerable discussion on the size of the shadow economy, comparatively little attention has been given to relationship between unemployment and participation in this sector. The objective of this ...
Bajada, Christopher(Routledge Taylor & Francis Ltd, 2005)
Despite government attempts to reduce welfare benefit fraud in Australia. participation in the underground economy by those claiming to be unemployed continues. Although there exists considerable international literature ...
The authors report insights, based on annual site visits to elementary and middle schools in three states from 2004 to 2006, into the incentive effect of the No Child Left Behind Acti??s requirement that increasing percentages ...
Purpose ? This paper seeks to develop a clearer understanding of the operations and decisions made by Australian advertising standards bodies, the Advertising Standards Council and its successor, the Advertising Standards ...