International Advances in Economic Research articles from May 2001

International Advances in Economic Research archives from May 2001

Measuring International Specialization.(Statistical Data Included)
May 1, 2001... P. LELIO IAPADRE [*] Statistical indicators used to analyze international specialization are manifold. However, most of them do not measure exactly the intensity of revealed comparative advantages and do not distinguish it from other...

Budget Burden and Benefit Visibility of European Central Level Governments.(Statistical Data Included)
May 1, 2001... MIGUEL ROIG-ALONSO [*] Central levels of government in European Union member countries are different regarding their basic institutions, powers, fiscal systems, accountability, public performance management, financial control bodies, and...

Spillovers in R&D Activities: An Empirical Analysis of the Nordic Countries.(Statistical Data Included)
May 1, 2001... VALDEMAR SMITH [*] This paper analyzes the impact of public research and development (R&D) on private sector output. It is argued that giving away public R&D will increase the input supply of private R&D and, accordingly, will enlarge...

Bargaining and the Observability of Contractual Commitments via Third Parties.(Statistical Data Included)
May 1, 2001... GUNTHER LANG [*] This paper analyzes a two-stage model of bilateral bargaining where one of the agents has the option to delegate. A first approach is to assume that the contract between the agent and his representative is perfectly...

Logistic Regression and World Income Distribution.(Statistical Data Included)(Brief Article)
May 1, 2001... AGUSTIN ALONSO-RODRIGUEZ [*] Using logistic regression, this paper studies the relationship between the high and nonhigh income countries and a set of indicators of human progress and economic growth. The results show that expenditure on...

Mixed Bundling with Profit and Sales Objectives.(Statistical Data Included)(Brief Article)
May 1, 2001... JANNETT HIGHFILL [*] Suppose the marginal cost of a bundle is less than the sum of the marginal costs of the two products that make up the bundle. In this case, even when demands are completely uncorrelated, bundling is profitable but...

Can Money Endogeneity be Generalized? Empirical Evidence from Caribbean Economies.(Statistical Data Included)(Brief Article)
May 1, 2001... DARRIN DOWNES [*] This study investigates the direction of causality between the money supply and reserve money for some selected Caribbean countries using recently developed techniques of causality tests. The findings suggest that neither...

Let's Go Shopping!(Statistical Data Included)(Brief Article)
May 1, 2001... INMA RODRIGUEZ [*] Brown and Reid [1997] employed an introspective approach to their examination of consumers' shopping experiences. The authors focused on the negative aspects or feelings associated with shopping. The principal aim of...

Employment Choice and Economics Faculty Research: A Sample Selection Approach.(Statistical Data Included)(Brief Article)
May 1, 2001... This paper analyzes research productivity of economics at historically black colleges and universities (HBCUs) and historically white colleges and universities (HWCUs). A sample selection model was estimated where it was hypothesized that Ph.D....

Instructor versus Student Perceptions of Teaching Effectiveness in Economics.(Statistical Data Included)(Brief Article)
May 1, 2001... Instructors of principles of economics may improve their student evaluation of teaching scores by placing more emphasis on those factors that students consider import determinants of effective teach. For example, enthusiasm, careful...

Exchange Rate Prediction: Dynamic Econometric Models and Neural Networks.(Statistical Data Included)(Brief Article)
May 1, 2001... This paper will discuss the preliminary results of exchange rate prediction by applying artificial neural networks (ANN) and autoregressive integrated moving average models (ARIMA). The training sample included 488 observations, and forecasts...

Revisiting the Notion of Equilibrium in Neoclassical Microeconomic Theory.(Statistical Data Included)(Brief Article)
May 1, 2001... This paper poses a query: Is the notion of equilibrium, as developed in Frank Hahn's [1973] Cambridge inaugural lecture salvageable as a useful notion in the face of attack? The answer is "no." The sources for this negative response include not...

The Oil Cartel Model Revisited.(Statistical Data Included)(Brief Article)
May 1, 2001... This paper demonstrates that the market equilibrium is self-adjustable under the stable case because the price elasticity of demand would converge near 1 depending upon the marginal cost in its relation to the oil price. Given the relatively...

Sovereign Ratings and Their Impact on Recent Financial Crises.(Statistical Data Included)(Brief Article)
May 1, 2001... This paper discusses the role of credit rating agencies during recent financial crises. It examines whether agencies can add to the dynamics of emerging market crises. Academics and investors often argue that sovereign ratings are responsible...

Measuring Regional Effects of Monetary Policy in Canada.(Statistical Data Included)(Brief Article)
May 1, 2001... Results show that there are no regional differences in the response to monetary policy in Canada. The Bank of Canada's implementation of monetary policy implicitly assumes that its effects will be uniform across regions. However, regional...

Labor Union Political Contributions and Campaign Spending.(Statistical Data Included)(Brief Article)
May 1, 2001... The study investigates the impact of labor union political contributions and affiliation on campaign spending and election outcome when the candidates ability is imperfectly observed. A sequential game with asymmetric information is defined,...

Economic Effects of the Cuban Embargo on U.S. and Arkansas Economies.(Statistical Data Included)(Brief Article)
May 1, 2001... Trade discrimination occurs through trade blocs (such as the European Union or the North American Free Trade Agreement) or trade blocks. Trade discrimination can be more belligerent through trade blocks than trade blocs. A nation or group of...

Protection for Sale and Political Regimes: Empirical Evidence.(Statistical Data Included)(Brief Article)
May 1, 2001... Strong support is found for the predictions of the protection-for-sale (PFS) model [Grossman et al., 1994] using Turkish industry-level data. The government's weight on welfare is estimated to be much larger than on contributions. Additionally,...

Foreign Direct Investment and Capital Formation.(Statistical Data Included)(Brief Article)
May 1, 2001... Traditionally, Canada has been a major host economy for foreign direct investment (FDI). In 1970, the ratio of inward FDI stock to gross domestic product was 30 percent, whereas the ratio of outward FDI stock was only 7 percent. By 1998, these...

Is Financial Performance Measured Correctly? An Invitation to Change.(Statistical Data Included)(Brief Article)
May 1, 2001... Significant and potentially far-reaching changes in how financial performance measures, especially return on assets (ROA) and profit margin, are defined and calculated provide the focus for this paper. Improvements in financial performance...

Does an R Rating Mean Bad Business?(Statistical Data Included)(Brief Article)
May 1, 2001... R-rated films have only recently generated, on average, less money than PG-, PG-13-, and G-rated films. The top 200 movies by domestic gross were examined over three five-year intervals, whose initial release was between 1985 and 1989, 1990 and...

The Economic Impact of Historical Preservation and Fifth Amendment Rights.(Statistical Data Included)(Brief Article)
May 1, 2001... This research reviews economic variables and infringement of Fifth Amendment rights for development and historical districts in the U.S. Marketplace variables may be applied to cities with historically based demand economies. Consumption of...