International Advances in Economic Research articles from February 2006

International Advances in Economic Research archives from February 2006

Less government--more wealth? On the macroeconomics of a smaller public sector in Europe.
February 1, 2006... Abstract In this paper, we analyze the reactions of European economies to a fiscal policy strategy aiming at diminishing the public sector. Within the framework of the MSG3 model, a macroeconomic model of the world economy, we perform...

Evaluating the relative efficacy of the marketing function in the construction complex of Ukraine.
February 1, 2006... Abstract The break up of the USSR pushed 15 constituent states into a transition phase from a regulated economy to a free market style one. Partially, this involved the wholesale importation of a variety of theories, strategies, and...

Discrete choice model application to the credit risk evaluation.
February 1, 2006... Abstract The aim of the paper is to discuss the application of classification functions and artificial neural networks (such as multilayer perceptron and radial basis function) to recognize the risk category of investigated companies. The...

Ethics and banking.
February 1, 2006... Abstract Usually moral conscience has been forgotten after the individualist and utilitarian analysis. However, many people guide their behavior by a value system that is sensitive to social problems, such as equilibrium with nature,...

Power politics and international labor standards.
February 1, 2006... Abstract This paper analyzes how a country's commitment to labor standards is affected by the international political power they possess. Powerful countries may be less committed to actual enforcement of certain labor standards since they...

Accountability and rendering of accounts: new approaches for the public sector.
February 1, 2006... Abstract This paper is divided into two parts. In the first part, we attempt to analyze the new concepts of accountability and rendering of accounts that have been adopted in the business world over the last few years and their application...

Regional exports and economic growth: the case of Spanish regions.
February 1, 2006... Abstract Different variables have been considered growth enhancing. Traditionally, physical capital, human capital, and public capital have been considered. While the first two variables have been considered positive factors, the latter...

Interregional trade linkages and the commercial role: the Spanish case.
February 1, 2006... Abstract The development of a national or regional economy depends on its own actions as much as on those of its commercial partners. Trade transmits economic events from one economy to another. The type and the degree of interdependence...

The strategic social map of a nongovernmental organization.
February 1, 2006... Abstract Currently, the traditional states-nation, as far as their social commitments are concerned, are giving way to the nongovernmental organizations (NGO). These organizations have a mission, strategy, and goals different from those...

Forms of opportunism between principals and agents.
February 1, 2006... Abstract The purpose of the paper is to discuss the development of the theoretical approach to a rating of the opportunism between the principals and agents within the framework of the neo-institutional theory. The matrix of the...

Social responsibility and accounting: a possible binomial.
February 1, 2006... Abstract The main objective of our research is to give some evidence, from a conceptual approach, about the possibility of contributing to the social responsibility development, starting from accounting. Different authors agree that there...

Estimation of price elasticities for international telecommunications demand.
February 1, 2006... Abstract This paper examines the effect of price per call minute on international telecommunications demand for calls made from Greece to five destination countries: Australia, the USA, Canada, the UK, and Germany. For this purpose the...

Testing the growth effects of fiscal policies using modified MLE.(maximum likelihood estimator )(Brief article)
February 1, 2006... By introducing a robust modified maximum likelihood estimator (MMLE) to growth empirics, this study shows that in the case of fiscal data, a relevant amount of bad outliers, i.e., gross errors, are present. This problem of data quality causes...

Causality between saving and growth: the Turkish case.(Research Notes)(Brief article)
February 1, 2006... The recent empirical studies conducted on the direction of the relationship between saving and investment have put forth varying results. In this respect, the view, based on the Solow Model, which may be qualified as a traditional notion,...

The kinked demand curve: a theoretical error.(RESEARCH NOTES)(Brief article)
February 1, 2006... This paper is concerned with the lower portion of the demand curve, below the kink of the famous kinked demand curve model (Sweezy; Hall, and Hitch, 1939). It was argued then, and is still argued today in managerial econonic texts, that this...

The effect of labor share on the natural interest rate.(RESEARCH NOTES)(Brief article)
February 1, 2006... Standard estimations of Taylor's monetary policy rule assume that the natural real rate of interest can be regarded as constant. By contrast, we argue that the natural real interest rate is positively influenced by the long-run movements in the...

Managing Canada's federal debt: a risk analysis of alternative debt instruments.(Brief article)
February 1, 2006... This study considers the risks associated with reducing the more expensive but relatively more stable fixed-rate share of the debt, while increasing the lower cost but more volatile floating-rate share. In particular, the study goes beyond the...

The role of the IMF on global financial institutions and markets.(International Monetary Fund)(Brief article)
February 1, 2006... One of the major lessons learned from the recent financial crises is the need for financial restructuring prior to investment liberalization in transition economies. While sequencing of reforms is gaining importance, more attention is needed to...

Impact of the European Union standards on the Polish financial and fiscal policies.(Brief article)
February 1, 2006... Poland's accession to the European structure will exert a considerable impact on our legislation. The adjustment of Polish law to the law binding in the EU constitutes one of the basic integration conditions. Further transformation of Polish...

The effect of salary arbitration on NHL player performance.(National Hockey League)(Brief article)
February 1, 2006... Thirty-four NHL players filed for salary arbitration at the end of the 2002-2003 season [see http://sportsillustrated.cnn.com/hockey/news/2003/07/16/arbitration_list/]. Because players are motivated to put together a good season before their...

Information Technology and productivity: a cross country analysis.(Brief article)
February 1, 2006... This paper provides new evidence on the effects of Information and Communication Technology (ICT) on aggregate productivity, by establishing a positive ICT impact in developing countries and investigating the separate effects of the individual...

Consumer risk perception, addictive behavior, and the purchasing decision.(Brief article)
February 1, 2006... The so-called addiction represents a consumer's physiological or psychological dependency on certain products or services. This paper examines the relationship between consumer's risk perception and the addiction process. The main hypothesis is...

An empirical analysis of the secondary market pricing of the LDC debt.(less developed countries)(Brief article)
February 1, 2006... The secondary market price for less developed countries' (LDC) debt is a good proxy for perceived success of debt management. Due to the rapid expansion of the emerging markets' debt, it has become more essential for the policymakers to have a...