International Advances in Economic Research articles from May 2003

International Advances in Economic Research archives from May 2003

Dividend policies in Australia and Japan.
May 1, 2003... Abstract This paper presents the findings of a comparative study of dividend policies in Australia and Japan. It examines panel data from the constituent stocks of the ASX 200 Index of the Australian stock market and the Nikkei 225 Index...

Market microstructure and security pricing in the Warsaw market.
May 1, 2003... Abstract The speed with which information is impounded in security prices is evaluated with respect to several market microstructure variables in the context of a dynamic, rapidly-changing market, the Warsaw Stock Exchange. The dynamic...

Long-term growth scenarios for Poland to 2025.
May 1, 2003... Abstract One of the major long-run problems facing the economies in transition is whether their productive potential will achieve the average per capita levels typical of the EU member countries in the foreseeable future. If so, what...

Economic mechanisms for environmental protection: business versus market transaction costs.
May 1, 2003... Abstract This study presents theoretical arguments and evidence that attempt to show the contribution of economic mechanisms typical of a business for resolving problems of environmental protection. Firstly, a brief synopsis is given of...

Public expenditure, income distribution, and growth in OECD countries.
May 1, 2003... Abstract Economic growth and the several topics related to it have been studied by economists since their earliest publications. Two different approaches to this area can be found in Neoclassical and Endogenous growth models. The economic...

Growth and the current account: Malaysia and Singapore.
May 1, 2003... Abstract A foreign trade model is estimated for two South East Asian countries, selected because they represent two extremes as far as the current account balance is concerned--Malaysia, deficit, Singapore, surplus. The specification...

Earnings management by firms announcing earnings after SEC filing.
May 1, 2003... Abstract This study examines motivation and stock market reactions of firms announcing earnings in the Wall Street Journal (WSJ) after filing with the Security Exchange Commission (SEC). Most firms announce earnings in the WSJ before SEC...

Rational expectations and M2 demand.(Brief Article)
May 1, 2003... Abstract This essay expands on existing studies of M2 money demand. It differs in that it applies a rational expectations approach to an adaptive expectation model. Unlike the adaptive expectations models, the author includes an...

Uniqueness in currency crisis models. (Research Notes).(Brief Article)
May 1, 2003... Speculative attack models typically have multiple equilibrium solutions. When choosing the equilibrium strategy a trader faces Knightian uncertainty about the choice of the other traders. The author shows that the concept of Choquet expected...

The Fisher Separation Theorem extended to a macroeconomic model. (Research Notes).(Brief Article)
May 1, 2003... This paper extends the Fisher Separation Theorem of finance and microeconomic theory to include the Keynesian model of macroeconomics. This theorem is described in Brealy and Myers [1984] and Copeland and Weston [1983] finance textbooks in...

Is there still an unemployment and inflation trade-off? (Research Notes).(Brief Article)
May 1, 2003... The recent combination of low unemployment and inflation in the United States' economy in the 1990s has shocked and spurred considerable debates among economists. This paper examines the short-run trade-off between unemployment and inflation in...

Needs of entrepreneurial developing economies. (Research Notes).(Brief Article)
May 1, 2003... There are three things that developing entrepreneurial economies need to enter the very competitive, globalized, world market-place. They are: (1) technology; (2) capital; and (3) know-how. There appears to be three sources to satisfy these...

Educational mismatches in Mexico: the importance of labor market assignments. (Research Notes).(Brief Article)
May 1, 2003... One recent social development has been the increase in the educational attainment of the global workforce. The development is significant due to the positive relationship between schooling and earnings. Implicit in this relationship is the...

Accounting information in thin and emerging capital markets. (Research Notes).
May 1, 2003... This paper investigates the role of accounting in the debt market in Egypt. The World Bank and many of the U. S. A. analysts consider Egypt one of the promising emerging capital markets. This examination covers two dimensions: (a) the use of...

Factors that stall development in Third World countries. (Research Notes).
May 1, 2003... In recent decades, a number of nations traditionally delineated as Third World in international development studies have been rapidly emerging toward First World consideration. Economic changes, particularly in diversification from the...

Welfare impacts of electricity generation sector reform in the Philippines. (Research Notes).
May 1, 2003... Empirical investigation into the welfare impacts of an introduction of private sector participation via Independent Power Producers' (IPPs) into the Philippines electricity generation sector concludes that the sector reform and private sector...

The German economy since reunification.(Brief Article)
May 1, 2003... During the past ten years, quality of life improved in the former German Democratic Republic (GDR), but such came with some self-inflicted problems. Following the fall of the Berlin wall in 1989, the post-war German states became one in...

Long-run relationship between population and economic growth in Botswana.(Brief Article)
May 1, 2003... This paper examines the long run relationship between economic and population growth in Botswana using annual data for the period 1961 through 1999. The empirical investigation consists of: (1) the application of cointegration analysis to...

The finance growth nexus: Evidence from Sub-Saharan Africa. (Research Notes).(Brief Article)
May 1, 2003... Results of this study support the view that financial development is a necessary causal factor of economic growth with important implications for policy makers and economists. The relationship between financial development and economic growth...