International Advances in Economic Research articles from May 2000

International Advances in Economic Research archives from May 2000

Stylized Facts About Stabilization in Central and Eastern Europe.
May 1, 2000... AXEL GERLOFF [*] This paper analyzes the stabilization policies of the ten central and eastern European countries that have negotiated a Europe Agreement with the European Union and had officially applied for European Union membership by...

Welfare Implications of Strategic Economic Policy in Eastern Europe.
May 1, 2000... GOTTFRIED HABER [*] This paper evaluates the welfare effects in a block of selected eastern European countries (Bulgaria, Romania, former Czechoslovakia, Hungary, Poland, and former Yugoslavia) emerging from the possibility to participate...

Visibility Estimates of Budgetary Burden and Benefit in European Countries.
May 1, 2000... MIGUEL ROIG-ALONSO [*] Intermediate territorial levels of government in Austria, Germany, Switzerland, and Spain are different regarding their basic institutions, devolved powers, revenue and public expenditure systems, public revenue...

Central Bank Reserve Management: Aggregate Targets and Interest Payments on Reserves.
May 1, 2000... ROGER W. SPENCER [*] Tindall and Spencer [1997] presented a dynamic stochastic theory of borrowed reserves that explained the observed nonlinear relationship between borrowing and the spread between the federal funds rate and the discount...

Fundamentals versus External Shocks: Brazil's Growing Exposure to Currency Crises.
May 1, 2000... MARIA LUIZA FALCAO SILVA [*] JOAQUIM PINTO DE ANDRADE [*] THOMAS S. TORRANCE [**] While financial globalization does not lack theoretical economic merit, the more far-reaching practical consequences of this phenomenon are often...

On the Sources of the High Growth Experience in Austria.
May 1, 2000... MARTIN ZAGLER [*] This paper attempts to investigate and empirically verify several explanations for the growth performance in Austria. Total factor productivity data for Austria are presented for the first time, adopting a growth...

The Pricing of Risk in Emerging Credit Markets: Bonds versus Loans.
May 1, 2000... WILLIAM MILES [*] Much of the volatility in emerging markets in the 1990s stems from the fact that the major form of foreign investment is the bond rather than the bank loans which predominated until the debt crisis of the 1980s....

Marketization and Poland's Transfer Payments.
May 1, 2000... BOZENA LEVEN [*] This study will examine the effects of Poland's transition on structural and policy changes in the primary categories of central government transfer payments, family assistance programs, pensions, and unemployment...

The New Organizational Structure and its Virtual Functioning.
May 1, 2000... M.-DELS-ANGELS GIL-ESTALLO [*] M. DOLORS CELMA-BENAIGES [**] MIRETA APARICIO-VALVERDE [**] NURIA FERRUZ-PERIZ [***] BLANCA ESCARDIBUL-FERRA [+] "Virtuality" is initiating a change in organizations. It is necessary for...

Lemonade or Lemon?: Riegel-Neal and the Consolidation of American Banking.
May 1, 2000... JOSEPH N. HEINEY [*] Riegle-Neal altered the American banking landscape by eliminating the prohibitions against interstate banking and branching, thus paving the way for banking mergers and acquisitions across state lines. The law's...

Sectoral Structure and Real Convergence Among Spanish Regions.
May 1, 2000... BLANCA SANCHEZ-ROBLES [*] This paper intends to carry out some empirical investigation about the link between sectoral structure and real convergence for the case of Spain. First, this paper pursues a descriptive analysis by means of...

A Translog Estimation of the Average Cost Function of the Steel Industry with Financial Accounting Data.
May 1, 2000... KELLY CHASTON [*] This paper proposes a measure to assess firm performance which is based in neoclassical production theory and yet can be empirically estimated with widely available financial accounting ratios. A translog cost function is...

Regulating Chemical Emissions with Risk-Based Environmental Taxation.
May 1, 2000... THOMAS R. SADLER [*] This paper develops a policy of risk-based environmental taxation for chemical emissions. A scoring index of chemical risk values for target pollutants first takes into account potential human health risk and...

Environmental Attitudes of Integrated Pest Management Greenhouse Producers in Greece.
May 1, 2000... EFTHIMIA TSAKIRIDOU [*] The main objective of this paper is to examine whether personal traits (age, experience, and education level) influence farmers' attitudes toward the environment and to identify the target audience on which future...

Bootstrap Confidence Intervals for Total Value in Small Area Statistics.
May 1, 2000... KRYSTYNA PRUSKA [*] In small area statistics, many problems deal with the estimation of unknown parameters. This paper will consider interval estimation. Three bootstrap confidence intervals of the total value for the small area are...

VARMA Modeling of the Production Function.
May 1, 2000... AGUSTIN ALONSO-RODRIGUEZ [*] This paper models the elements of the production function by VARMA methods to gain empirical insight on which element leads the other. At the same time, we look for the possibility of detecting any...

Consumer Theory Based on the Marginal Rate of Substitution Function.
May 1, 2000... BARBARA BROWN [*] This paper presents an alternative structure of demand theory based on a marginal rate of substitution (MRS) function. The theory's new results include: 1) criteria are derived for goods to be normal/inferior,...

Recruitment Advertising: The Marketing-Human Resource Interface.
May 1, 2000... GERARD RYAN [*] MARCEL GUBERN [*] INMA RODRIGUEZ [**] The common perception of recruitment advertising is of the "want ads" in the local or national newspapers. Despite the lack of academic interest, in some cases, recruitment...

The Educator's Role in Internationalizing the Curriculum: A Transitional Period.
May 1, 2000... University of Illinois--U.S.A. The global perspective in academe, like the technology phenomenon that ignited in the 1980s, will move ahead with full steam into the twenty-first century. However, as it evolves, some educators are faced...

Economics Can Be Fun: Capturing Student Interest and Motivating Academic Success.
May 1, 2000... Indiana University--U.S.A. Declining course enrollment and disappearing majors have been a growing concern during the 1990s. Nationwide, economic facilities are discussing approaches for stabilizing if not reversing the trend. An important...

Information Flows and Innovation Rates in the U.S. Auto Industry.
May 1, 2000... Grand Valley State University--U.S.A. We find that Japanese firms have a greater influence on the patenting behavior of U.S. auto manufacturers than European firms. We build on the literature on product innovation by empirically...

Internalizing Neighborhood Externalities: Subdivision Size, Zoning, and Residential Lot Prices.
May 1, 2000... Grand Valley State University--U.S.A. This paper extends the standard Tiebout-Hamilton framework to analyze the role of the land developer in controlling neighborhood externalities. The land developer increases control over neighborhood...

Research and Development and Productivity: Evidence from Danish Firm-Level Data.
May 1, 2000... MOGENS DILLING-HANSEN [*] TOR ERIKSSON [**] ERIK STROJER MADSEN [**] VALDEMAR SMITH [***] Studies dealing with the impact of research and development (R&D) on productivity are normally based on a production function approach...

A Study of Information Effects in the Spanish Stock Exchange.
May 1, 2000... Universidad de la Laguna--Spain This is a work on the order flow aiming at detecting the existence of asymmetric information effects in the Spanish Stock Exchange. Using intraday data of a group of securities for February and March 1996,...

Positive Approach for Chaotic Economic Phenomena.
May 1, 2000... Kansai University--Japan Today, research related to chaos is being carried out in each and every field of study. Speaking of chaotic analysis, there are a quite a few theses especially in natural sciences. The reason why research should...

The Evolution of U.S. Government Policy on Foreign Direct Investment.
May 1, 2000... Babson College--U.S.A. Macroeconomic policy can influence foreign direct investment (FDI) flows. However, there is no compelling evidence indicating that the U.S. government has used its monetary or fiscal powers recently to govern either...

The Rivalry Among Competitors in an Inflammable Environment.
May 1, 2000... University of Jyvaskya--Finland Preliminary empirical research indicates a tendency among marketing managers to overreact to each other's promotional activities. The same seems to apply in pricing as well. One of the aims of this paper was...

Human Values in the Transition of Economy.
May 1, 2000... University of Tartu--Estonia Knowledge of the values of various social groups can enable us to understand and influence organizational and social life. An attempt is made to study the values of people in the non-Estonian subculture of...

How Surprise Changes in Inflationary Expectation Affect the Gold Price.
May 1, 2000... Grand Valley State University-U.S.A. This paper argues that changes in inflationary expectations have no impact on the spot price of gold. It is widely reported in the financial press that the price of gold is influenced by changes in...