International Advances in Economic Research articles from February 2000

International Advances in Economic Research archives from February 2000

Do Regional Economies Converge?
February 1, 2000... SOMIK LALL [*] Current interest in the new economic growth theory, linked with the development of new, innovative methods of measurement, has resurrected interest in spatial economic convergence. The primary objective of this paper is to...

Rural Development and Financial Markets in Romania.
February 1, 2000... GERTRUD SCHRIEDER [*] In the transition from a centrally planned to a market-oriented economy, such as in Romania, the domestic financial market plays two important roles. First, the financial market itself must be fundamentally...

A Fractal Analysis of Foreign Exchange Markets.
February 1, 2000... ROBERT F. MULLIGAN [*] Long memory in foreign exchange markets is examined for the post-Bretton Woods period using Lo's [1991] modified rescaled range (R/S). Conventional R/S techniques are presented for comparison. Unlike conventional...

Exogenous Information and Input-Output Updating: An Evaluation.
February 1, 2000... ALI REZA JALILI [*] Input-output coefficients' intertemporal instability, costs, and time lags involved in the construction of survey-based tables necessitate employment of nonsurvey updating techniques. Analysts, however, may want to...

Topics in Nonparametric Comparative Statics and Stability.
February 1, 2000... GEORGE M. LADY [*] This paper presents the analysis of the Jacobian matrix of a small, macroeconomic model to determine the robustness of the model's comparative statics. The values of the model's coefficients are assessed with respect to...

The Analytical Preconditions for Keynes' Theory of Money.
February 1, 2000... THOMAS CATE [*] Evaluating Keynes' belief that the "general theory" would create a revolution in economics, depends, in part, on what defines the key elements of the general theory. This paper presents the analytical preconditions for one...

Are the New Rules Relating to Disclosures of Derivative Financial Instruments Workable?
February 1, 2000... GERALD H. LANDER [*] Accounting for derivatives has created uncertainties for preparers, auditors, regulators, and users of financial statements alike. The complexity and variety of instruments as well as hedging and risk management...

Pretesting Students to Improve Teaching and Learning.
February 1, 2000... STUART ALLEN [*] The focus of this paper is on developing ways to evaluate teaching performance on a regular basis as a means of improving teaching effectiveness and increasing student learning in the classroom. In particular, this paper...

Race and Wages in the Metro Atlanta Fast Food Industry.
February 1, 2000... WILLIAM GISSY [*] One explanation for the black-white earnings gap is spatial mismatch, that is, where blacks tend to seek employment in areas with lower prevailing wages. Ihlanfeldt and Young [1996] study the spatial mismatch phenomenon...

Trade Balances and Exchange Rates in the Long Run for European Union Countries.
February 1, 2000... This paper has found evidence that real effective exchange rates have a positive impact on the trade balance in the long run for major European Union countries. This result sheds more light on the long-run statistical relationship between those...

Trade and Wage Differentials: Are They Related?
February 1, 2000... The objective of this paper is to investigate the relationship between net exports and wage differentials in the U.S. in the bivariate and trivariate test settings. Short- and long-run analyses of the U.S. trade data are undertaken....

Factors of Trade-Deficit Convergence in Estonia.
February 1, 2000... This paper provides characteristic features of import propensity and perspectives for the convergence of the trade deficit in Estonia. Impacts were measured based on the dynamic elasticities produced by deterministic simulations and by using...

New Products and the Cyclicality of Price Markup.
February 1, 2000... This paper contributes to the literature on real price rigidities through countercyclical price markups when explaining business cycle fluctuations. In a spatial allocation model with multiproduct firms, the relation between new product...

Corporate Financing for New Projects.
February 1, 2000... A firm has various options for financing a new net present value project including straight and convertible debt. It has been demonstrated that issuing convertible debt results in a significant decline in relative stock prices. If the firm is...

Social and Economic Aspects of Reforming Pension Insurance.
February 1, 2000... In transition economies, a mismatch has developed between the need for and satisfaction with social insurance. Social protection expenditure in the Baltic states account for 13 to 19 percent of the gross domestic product (GDP), while, for the...

Possible Ways of Analyzing Banks in the Countries Undergoing Transition.
February 1, 2000... The financial sector, and particularly the banking system, could play a very important role in the process of transition and economic recovery in the central and eastern European countries. Banks and other financial institutions are a unique...

Labor Efficiency in a Transition Economy: The Case of Estonia.
February 1, 2000... This paper examines the mechanism of compensating for a decrease in gross domestic product that ensues from a decrease in the number of working people and continual aging of the Estonian population by increasing labor efficiency. Several...

Development of the Legal Environment in a Transition Country.
February 1, 2000... Some important issues in developing the legal and institutional environment in a small transition economy, such as Estonia, are discussed in this paper. The main objective of this paper is to find answers to the following questions: 1) How...

Household Income Distribution in the Baltic States.
February 1, 2000... From 1993, the income situation in the Baltic states has been characterized by a fast rise in the monthly nominal disposable income per household member, but it has remained relatively low and highly varied depending on demographic, social, and...