International Advances in Economic Research articles from August 2003

International Advances in Economic Research archives from August 2003

Variable selection for dynamic measures of efficiency in the computer industry.
August 1, 2003... Abstract Data Envelopment Analysis (DEA) measures of efficiency are very sensitive to the choice of variables for two reasons: the number of efficient firms is directly related to the number (n) of variables and the selection of the n...

Capital flows to an emerging financial market in Turkey.
August 1, 2003... Abstract Increased globalization in financial markets implies that the percentage of all shares under foreign ownership in domestic stock markets has been rising. Speculative attacks on the foreign exchange market in February 2001 led to...

Central bank intervention, the current account, and exchange rates.
August 1, 2003... Abstract This paper seeks to explain exchange rate and current account or net foreign assets behavior under central bank foreign exchange rate intervention. To analyze central bank intervention we use the current account-net foreign assets...

Managed care and U.S. hospitals' capital costs.
August 1, 2003... Abstract This study examined the effects of managed care organizations (MCOs) on the yields paid by U.S. hospitals on newly issued debt. The analysis improved on existing studies by utilizing a two-stage method that compensated for both...

Human capital theory and social capital theory on sports management.
August 1, 2003... Abstract This paper analyzes sports managers' earnings and blends traditional aspects of management derived from human capital theory with new aspects derived from social capital theory. It captures the integrative and relational aspects...

Models to measure goodwill impairment.
August 1, 2003... Abstract Statement of Accounting Standards No. 142 [2001f superseded the former rules of accounting for amortization of goodwill under Accounting Principles Board Opinion No. 17 [1970]. Entities must now recognize annually impairments in...

Profits in the long-term for the manufacturing sector.
August 1, 2003... Abstract It is foreseeable that the integration of domestic economies into a single market (globalization) will have a direct consequence on firm profits. Firms will see their returns converge in the long-term towards an equilibrium value...

A note on the production pipeline and aggregate fluctuations.(Research Notes)(Brief Article)
August 1, 2003... Perhaps the most telling criticism of the Real Business Cycle (RBC) school of thought is its inability to put names to faces regarding productivity shocks, particularly those of recession-inducing variety. Although part of this problem is...

Modeling the demand for money in Barbados and Guyana.(Research Notes)(Brief Article)
August 1, 2003... This research utilizes cointegration analysis and an error correction model (ECM) to examine log or log equations estimating the demand for money (both M1 and M2) in two small open economies, Barbados and Guyana. Both countries have recently...

Hub and spoke integration and income convergence.(Research Notes)(Brief Article)
August 1, 2003... This theoretical research shows that an establishment of hub and spoke integration tend to lead to convergence of the hub country and spoke countries with higher income in their real incomes, while it will cause divergence from spoke countries...

Firm investment and financing constraints.(Research Notes)
August 1, 2003... The analysis relies on a simple model in which it is assumed that the firm maximizes the present value of the future stream of dividends. Thinness in real capital market is modeled by requiring gross investment in each period to be...

Dividend policies in Australia and Japan.(Research Notes)(Brief Article)
August 1, 2003... This paper presents the finding of a comparative study of dividend policies in Australia and Japan. These two countries are the most developed in the Asia Pacific region, but are different in their cultural, financial, legal, and political...

Fertility, mortality, and economic growth.(Research Notes)(Brief Article)
August 1, 2003... A genuine understanding of the economic growth process would take into account the extent to which fertility and mortality affects the population growth rate as an endogenous variable. To this end a growth model is constructed using an infinite...

William Gibbs McAdoo and the development of the Federal Reserve.(Research Notes)(Brief Article)
August 1, 2003... As Treasury Secretary under Woodrow Wilson, William Gibbs McAdoo influenced the development and passage of the Federal Reserve Act and oversaw its rapid implementation. Like other progressive of his era, McAdoo believed the U.S. economy needed...

Development--yes or no: loyalty, repression, corruption.(Research Notes)(Brief Article)
August 1, 2003... Development yields a diverse, middle-class world--leisure, sports, entertainment, opportunities for self-improvement and education, various friends and associates, urban or country life, and technological sophistication to make it all work....

Historical perspective: factors that stall development in Third World countries.(Research Notes)(Brief Article)
August 1, 2003... In the post-World War II period, the process of decolonization accelerated. In 1952, the French demographer, Alfred Sauvy [1952] coined a new phrase Third World, similar to the historical French third estate, to describe the development...

Australian long-run import demand elasticities: further evidence.(Research Notes)(Brief Article)
August 1, 2003... This paper examines the Australian import behavior using cointegration analysis and the Phililips-Hansen [1990] fully modified OLS (FMOLS). In particular, the paper uses the augmented Dickey-Fuller (ADF) [Dickey and Fuller, 1981] and the...

Causal relationship between financial sector development and economic growth.(Research Notes)
August 1, 2003... Not only has the Nigerian economy, for years performed dismally, its financial sector remains fundamentally underdeveloped despite its enormous human and natural resources. This paper investigates whether Nigerian policy makers should focus on...