Quarterly Journal of Business and Economics articles from January 1998

Quarterly Journal of Business and Economics archives from January 1998

Real effective exchange rates and export adjustment in the U.S.
January 1, 1998... INTRODUCTION As the U.S. trade deficit reached unprecedented levels in the first half of the 1980s, different explanations emerged for the cause and persistence of the deficit. The traditional elasticities approach ascribed the widening of the...

Infrastructure capital and private sector productivity: a dynamic analysis.
January 1, 1998... INTRODUCTION In recent years, a sizable literature has emerged concerning the effect of public infrastructure capital on the productivity of labor or capital in the private sector. Two empirical approaches have been used to study this issue at...

The power of one and two sample t-statistics given event-induced variance increases and nonnormal stock returns: a comparative study.
January 1, 1998... INTRODUCTION A commonly tested null hypotheses in finance is no abnormal returns on an event day. Many test statistics have been suggested for testing this hypothesis. The fast statistics used were simple t-statistics, examined in detail by...

Firm characteristics, stock price reactions, and debt as a method of payment for corporate acquisitions.
January 1, 1998... INTRODUCTION It is well documented in the literature (Weston, Chung, and Hoag, 1990) that the medium of payment used in corporate acquisitions has an impact on the stock price of acquiring firms. Empirical studies of the method of payment for...

The value of arbitration rights in major league baseball: implications for salaries and discrimination.
January 1, 1998... INTRODUCTION In Major League Baseball (MLB) players bound by the reserve clause(1) with more than three years but less than six years experience are eligible for final offer arbitration (FOA) of their salaries.(2) FOA asks player and team to...