International Advances in Economic Research articles from May 2002

International Advances in Economic Research archives from May 2002

Purchasing power parity: evidence from developing countries.
May 1, 2002... This paper utilizes the dynamic error-correction model (DECM) to examine the issue of purchasing power parity (PPP) for 11 developing countries (Argentina, Bolivia, Colombia, Cote d'Ivo ire, Ecuador, Guatemala, Kenya, Nigeria, Peru, South...

The unimportance of the choice--value thesis in economics.(Statistical Data Included)
May 1, 2002... The choice-value thesis claims that people always choose what is best for them, given their information on the set of alternatives. This paper attempts to show that this assumption is less important than is suggested by the high esteem in which...

Socio-economic evaluation of mental health as a basis for financing health care in Sweden.(Statistical Data Included)
May 1, 2002... The objective of this paper is to examine hypotheses about the relationships between socio-economic factors, risk factors in working life, and the occurrence of mental illness, together with the degree of quality of life and consumption of...

Did the EMS encourage inflation convergence?
May 1, 2002... This paper studies the convergence of inflation rates over the period of 1983-93 for some countries within the European Monetary System. Three different price indices are considered for consumer goods, services, and industrial products. This...

Assessment of Latin American and Caribbean countries in the international economy.(Statistical Data Included)
May 1, 2002... Based on the construction of two composite indices for economic integration, this paper looks at the hierarchical position of Latin America and the Caribbean. The two indices, called the speed of integration and the initial level of...

An analysis of EU wine trade: a gravity model approach.(European Union)(Statistical Data Included)
May 1, 2002... In this research study, a gravity model approach was used in order to analyze the main factors affecting the trade flows of wine in the EU. The empirical model was applied using data for the first twelve EU countries for the period 1989-97. It...

The impact of oil prices on income and energy.(Statistical Data Included)
May 1, 2002... The major determinant of real income growth in Korea is real oil prices, followed by money supply, exchange rates, energy consumption, and government spending. Over the longer horizon, the effects of exchange rates, oil prices, government...

Cash flow effects on economic growth.(Statistical Data Included)
May 1, 2002... Policy makers have traditionally considered the macroeconomic relations and the variables that can affect the economic objectives that they pursue, such as prices, employment, balance of payments, and economic growth. Recently, microeconomic...

Class length and student performance: an extended study.
May 1, 2002... Many accounting educators believe that the student learning of accounting is better facilitated over a longer period of time, rather than a shorter period of time. This study examined the results of student performance in two introductory...

Fifty years after Samuelson's "the pure theory of public expenditure". (Research Notes).(Brief Article)
May 1, 2002... The purpose of this paper is to reconsider the history of the modern theory of public goods with a view to examine to what extent the latter is still founded on Samuelson's initial contribution from 1954 [Review of Economics and Statistics, 36,...

Examining the role of dowries in India. (Research Notes).(Brief Article)
May 1, 2002... This paper uses data from a retrospective sample survey in rural northern and southern India to develop and test a framework capable of examining dowry exchange and groom selection in India. The paper adapts Rosen's implicit market model and...

Wage differences in a firm and substitutability of labor inputs. (Research Notes).(Brief Article)
May 1, 2002... This paper presents a model of a hierarchically structured firm in which the skewness of the internal wage distribution depends on the substitutability of the labor inputs. The wages of the workers and the coordinators on the different levels...

Sustainable growth: hayekian triangles, plucking models, and real business cycles. (Research Notes).(Brief Article)
May 1, 2002... Austrian business cycle theory provides a useful link between monetary and capital theory, and a coupling between the short run and long run. In contrast, monetarists argue that inappropriately tight monetary policy triggers recessions. In a...

The simple IS-LM model with credit rationing. (Research Notes).(Brief Article)
May 1, 2002... This paper examines how the effects of credit rationing can be incorporated into the simple IS-LM model. The properties of the suppressed bond market implicit in this model are derived and the implications of credit rationing on the model are...

Consumer confidence and the permanent income hypothesis: a note. (Research Notes).(Brief Article)
May 1, 2002... The well-documented predictive power of consumer confidence calls into question the validity of the permanent income hypothesis (PIH). By developing a variant of the PIH that casts consumer confidence as a semi-stochastic shift term to...

Trade liberalization and worker welfare: a three-sector analysis. (Research Notes).(Brief Article)
May 1, 2002... This paper examines the effect of trade policies on worker welfare. The main contribution of the paper lies in its short run results, which differ from those in earlier studies. Using a general equilibrium trade model with traded and nontraded...

A generalized neoclassical model of firm financing and investment. (Research Notes).
May 1, 2002... This study presents a model that extends Jorgenson's neoclassical model of investment. The firm is assumed to maximize stockholder wealth subject to constraints on the amount of output obtainable from its labor and capital services, the flow of...

Contract federalism. (Research Notes).
May 1, 2002... There are numerous spillover problems within fiscal federal relations. Innovative techniques to cope with such spillovers are needed. Using negotiations and contractual agreements between jurisdictions as a way of internalization might help...

Overeducation: a short or long run phenomenon? (Research Notes).(Brief Article)
May 1, 2002... Analyzing data from the 1990s, this paper attempts to gain insights on the time horizon of overeducation, and finds that fewer than one-fifth of individuals overeducated in year t are employed, but not overeducated in year t + 1. Theoretically,...

Changes in the distribution of Slovak household income: 1988 and 1996. (Research Notes).
May 1, 2002... This paper measures the change in monetary income inequality during the first seven years of transition, and considers the importance of two explanations for increasing inequality: changes in the sources of household income and changes in...