International Advances in Economic Research articles from August 2002

International Advances in Economic Research archives from August 2002

Human capital and economic growth revisited: A dynamic panel data study.
August 1, 2002... Abstract This paper examines the role of human capital on economic growth by using a large panel of data including 93 countries. Given the cross-sectional character in most of the relevant studies, there is a possibility that when the...

The demand for money in Korea: evidence from the cointegration test.
August 1, 2002... Abstract This paper shows that there exists a long-run equilibrium relationship between M2 and its determinants, real income and the long-term interest rate, in Korea by using Johansen and Juselius maximum likelihood cointegration method....

Consumption externalities and upward-sloping demand.
August 1, 2002... Abstract The law of demand states that individual demand curves are negatively sloped. To date, the Giffen Paradox represents the only analytically valid exception to the law under standard assumptions. This article shows that if...

Regional earnings differences in Estonia: The influence of demographic characteristics.
August 1, 2002... Abstract Recent events indicate that the Republic of ESTONIA is on the fast track for catching up with its Western European neighbors. However, the country's successful performance has not translated to improved economic conditions for all...

Income inequality analysis in the period of economic transformation in Poland.
August 1, 2002... Abstract This paper presents some statistical methods of income inequality analysis based on the theoretical income distribution models that are well-fitted to the empirical models. As theoretical curves, the lognormal, gamma, Burr Type...

Market revaluations of foreign listings' reconciliations to U.S. financial reporting.
August 1, 2002... Abstract The Securities and Exchange Commission requires foreign firms wishing to list their securities on the U.S. exchanges to convert their financial statements to U.S.-based generally accepted accounting principles (GAAP) in a...

A transaction cost model of contract choice: The case of petroleum exploration.(Brief Article)
August 1, 2002... Abstract The growing literature on transaction costs posits that the structures of contracts involving exchange under uncertainty are influenced by the costs incurred by the contracting parties prior to, as well as after, a contract is...

The effect of task experience on assessments of auditor expert potential.
August 1, 2002... Abstract This paper proposes a model and methodology for studying the effect of experience on an auditor's expert potential. Expert potential is defined as an increase in the expected level of expertise at which an auditor will perform in...

A study on the components of the bid-ask spread for Telefonica stocks. (Research Notes).(Brief Article)
August 1, 2002... [M.sup.a] DEL PILAR OSORNO DEL ROSAL OLGA [M.sup.a] RODRIGUEZ RODRIGUEZ Universidad de La Laguna--Spain The first objective of this study is to quantify the components of the bid-ask spread for Telefonica, one of the principal...

Austrian and Real Business Cycle Theory. (Research Notes).(Brief Article)
August 1, 2002... Metropolitan State College of Denver--U.S.A. The Austrian capital-based macroeconomics theorety separates sustainable from unsustainable growth. While business cycle phenomena may be caused by exogenous shocks as in the Real Business Cycle...

Political business cycles: a review and reexamination. (Research Notes).(Brief Article)
August 1, 2002... Furman University--U.S.A. This paper explores the main strands of the early political business cycle (PBC) literature, looks at some of the critics of PBCs, and examines new trends and techniques that are being applied in the area. PBC...

Testing weak and strong forms of PPP for Asian countries. (Research Notes).(Brief Article)
August 1, 2002... Coppin State College--U.S.A. This paper tests weak and strong forms of Purchasing Power Parity (PPP) for Japan, Malaysia, the Philippines, Singapore, and Thailand. PPP theory stipulates that the exchange rate between two countries is equal...

The power of arbitrage in financial economics. (Research Notes).(Brief Article)
August 1, 2002... University of New Brunswick--Canada A situation in which it is possible to earn a positive rate of return without investing any funds nor taking any risk is known as an arbitrage opportunity. One consequence of no arbitrage in financial...

Cigarette taxes and maternal smoking. (Research Notes).(Brief Article)
August 1, 2002... Pace University--U.S.A. Smoking during pregnancy raises the risk of having a low birth weight infant, the strongest predictor of infant mortality, as well as of miscarriage, stillbirth, and Sudden Infant Death Syndrome (SIDS), the leading...

A labor management paradox: unexpected consequences from churning personnel. (Research Notes).(Brief Article)
August 1, 2002... Bloomfield College--U.S.A. and Yeditepe University--Turkey This paper demonstrates a labor management paradox. Churning personnel by laying off old-tech workers and simultaneously hiring new-tech workers can have unexpected consequences for...

The bourgeois spirit and the spirit of enterprise in the Middle Ages. (Research Notes).
August 1, 2002... Appalachian State University--U.S.A. Several historians sought in the moral norms of the Church (which prohibited the accumulation of wealth for the sake of gain and not for one's own nourishment) an almost insuperable barrier for the...

The effects of enforced leisure on development. (Research Notes).(Brief Article)
August 1, 2002... Pace University--U.S.A. In many underdeveloped economies, chronic unemployment is often identified as the malfunction of formal labor markets. With long-standing and widespread unemployment, and many workers becoming discouraged, such...

Economic reform, democracy, and economic growth in Africa: an institutional approach. (Research Notes).(Brief Article)
August 1, 2002... Wake Forest University--U.S.A. The present study establishes a positive and significant empirical relationship between the components of (the Fraser Institute's) economic freedom index and economic growth in Africa. It is a...