Atlantic Economic Journal articles from March 2008

Atlantic Economic Journal archives from March 2008

Bank capital regulation, economic stability, and monetary policy: what does the academic literature tell us?
March 1, 2008... Introduction Since 1988, under terms of the Basel Accord (now known as Basel I), national bank regulators have imposed bank capital regulations, both in the form of a traditional leverage requirement and 'risk-based' requirements relating...

The ex-dividend day stock price behavior: the case of Portugal.(Report)
March 1, 2008... Introduction Miller and Modigliani (1961) show that, in the context of perfect markets, with no taxation and no transaction costs, dividend policy is irrelevant. In this context, investors are indifferent between dividends or capital...

Was Jules Dupuit a market socialist: a retrospective note on marginal cost pricing.(Report)
March 1, 2008... Introduction In the introduction to the collected economic articles of Harold Hotelling, Adrian Darnell characterized Hotelling as a market socialist (Darnell 1990, 13. 19). In their paper, "Harold Hotelling and the Neoclassical Dream,"...

Factors driving quality standard compliance in the Polish dairy sector.(Report)
March 1, 2008... Background The "quality turn" (Allaire 2004) has, in recent years, become an ubiquitous phenomenon and has stimulated a significant body of research. However, the current literature on quality issues tends to focus on the competing...

The Electoral College System, political party dominance, and voter turnout, with evidence from the 2004 Presidential Election.(Report)
March 1, 2008... Introduction Since the introduction of the "rational voter model" by Downs (1957), there have followed numerous and highly varied theoretical extensions and empirical studies to enhance, to better understand, and to empirically test the...

The relationship between labor market structure and clergy compensation in Protestant denominations.(Report)
March 1, 2008... Introduction Many recent economic studies have shown direct application of economic theory to non-traditional settings such as religious organizations. Anderson (1988) examines individual religious behavior and applies the economic theory...

Funding status projections for southern public teaching pension plans.(Report)
March 1, 2008... Introduction Alarms about the underfunded status of private defined-benefit pension plans have already sounded. Time magazine's October 31, 2005 cover, "The Great Retirement Ripoff," is certainly loud enough. These warnings are not simply...

How similar are youth and adult alcohol behaviors? panel results for excise taxes and outlet density.(Report)
March 1, 2008... Introduction Despite a minimum legal drinking age of 21 years, many young people in the USA consume alcohol on a regular basis. In 2003, the Monitoring the Future survey reported a 30-day drinking prevalence of 35% for 10th graders and 48%...

The economic impact of the lack of transparency in financial reporting.(Report)
March 1, 2008... Introduction and Background Off-balance-sheet financing arrangements have been allowable under generally accepted accounting principles (GAAP) in the USA for more than three decades (Kavanaugh 2003, p. 3). Companies engage in these...

Foreign direct investment and economic growth of Africa.(ANTHOLOGY)(Report)
March 1, 2008... JELs F21 * O47 There is voluminous empirical research dealing with the relationship between foreign direct investment (FDI) and the growth of gross domestic product (GDP) in developing countries. The theoretical underpinnings of this...

The monetary base and institutional change.(ANTHOLOGY)(Report)
March 1, 2008... JEL Classification E52 Money multiplier research which I have conducted (e.g.--AEJ, 1999; American Economist, 2006) has led me to conclude that institutional changes have rendered monetary base changes virtually irrelevant. Monetary base...

Estimates of financial distress costs revisited: evidence from TSE-listed firms.(ANTHOLOGY)(Report)
March 1, 2008... JEL Classification G30 Branch (7002) in his review article writes "Clearly we have a wide range of estimates for financial distress costs." [Ben Branch (2002), "The Cost of Bankruptcy: A Review," International Review of Financial Analysis,...

Are disloyal congressional cartels rewarded by party leadership?(ANTHOLOGY)(Report)
March 1, 2008... JEL D00 * D70 A stream of research, augmenting the relatively new thesis in Coker and Crain (Public Choice, 81, 1994) of congressional committees as loyalty-generating institutions, points out that congressional "memberships" are sometimes...