International Advances in Economic Research articles from August 2004

International Advances in Economic Research archives from August 2004

The Permanent Income Hypothesis: a new framework based on fractional integration and cointegration.
August 1, 2004... Abstract The issue of the Permanent Income Hypothesis (PIH) is revisited in this paper by examining the relationship between U.S. consumption and income through new statistical techniques based on fractional integration and cointegration....

Monetary policy and unemployment: A disaggregated analysis.
August 1, 2004... Abstract This paper disaggregates unemployment into broadly defined sectors and occupations. It estimates the impact that a change in the Federal Funds rate (FFR) has on the magnitude and time path of unemployment in each of these sectors...

Growth-business cycle interaction: a look at the OECD.(Economic Co-operation and Development )
August 1, 2004... Abstract This paper examines the relationship between long-run growth and business cycles in the Organization for Economic Co-operation and Development (OECD). The model in the paper specifically assumes that the business cycle influences...

Optimal fiscal policy in the Uzawa-Lucas model with CES production.
August 1, 2004... Abstract This paper devises an endogenous growth model with human capital in the Uzawa-Lucas framework in which the average human capital has a positive external effect on the goods sector. Unlike previous works, this paper assumes that...

Productivity in the tourism industry.
August 1, 2004... Abstract This paper analyzes the efficiency of a Portuguese public-owned hotel chain, Enatur. It applies data envelopment analysis (DEA) to estimate total factor productivity (TFP) change, while breaking it down into technical efficiency...

New products and market competition.
August 1, 2004... Abstract Using a novel data set on new product introductions in U.S. manufacturing, the paper studies the relationship between new product introductions and the intensity of market competition as it is measured by industry-specific...

Predicting MBA no-shows and graduation success with discriminate analysis.
August 1, 2004... Abstract This paper uses discriminate analysis to examine five years of MBA admission records in order to separate no-shows from the successful program graduates. The study used traditional numeric data such as age, length of time with...

Purchasing power parity and Italy's exit from the ERM.(Research Notes)(Brief Article)
August 1, 2004... Assuming that purchasing power parity (PPP) is a useful guide to the lira/DM exchange rate, the study suggests that the lira was substantially overvalued at the time of the September 1992 currency crisis. Specifically, under a simple approach...

Financial market fluctuations: some impacts of monetary policy tools.(Research Notes)(Brief Article)
August 1, 2004... This paper sets stockmarket fluctuations side by side with monetary policy applications. The concurrent market fluctuations and monetary policy actions of the Federal Reserve Bank are set on time lines and the degree of their correlations are...

The Riegle-Neal Act and local banking market concentration.(Research Notes)(Brief Article)
August 1, 2004... This paper presents preliminary evidence that granting banks permission to establish de novo interstate branches may have resulted in increases in the concentration of local banking markets. By allowing the widespread establishment of...

Testing the role of country of origin in consumer adoption of new products.(Research Notes)
August 1, 2004... This paper empirically examines the effect of country of origin (COO) on consumer adoption of a new product. The COO is divided into three types--brand-of-origin, manufacture-of-origin, and culture-of-origin--to capture the fact that hybrid...

Financial structure and growth in the Caribbean: an empirical analysis.(Research Notes)(Brief Article)
August 1, 2004... Some theories and empirical evidence suggest a positive impact from the development of the financial structure on economic growth of developing economies. Other studies demonstrate that economic growth encourages the development of the...

The impact of United Nations economic sanctions on Iraqi civilians.(Research Notes)(Brief Article)
August 1, 2004... When the United Nations Security Council first imposed economic sanctions on Iraq in 1990, many diplomats, scholars, and citizens believed that comprehensive economic sanctions were innovative and offered an ethical foreign policy tool to...