International Advances in Economic Research articles from May 2005

International Advances in Economic Research archives from May 2005

International monetary policy: a global Taylor rule.
May 1, 2005... Abstract John Taylor's rule for setting interest rates provides a framework for studying the global monetary policy generated by individual countries pursing their own policy goals. The study reflects the global nature of monetary policy...

Modeling cyclical asymmetries in European imports.
May 1, 2005... Abstract This paper applies smooth transition models to capture the nonlinear behavior in the imports data of six major European economies and to assess whether such nonlinearities are related to business cycle asymmetries. Two classes of...

Causal relationship between the current account and financial account.
May 1, 2005... Abstract We demonstrate that a different causal relationship exists between the current and financial accounts in developed and developing countries. Using the Granger causality test, we clearly determine that the financial account is by...

The effect of quotas on domestic product price and quality.
May 1, 2005... Abstract A quota on foreign competition generally leads to quality upgrading (downgrading) of the low-quality (high-quality) firm, an increase in average quality, a reduction of quality differentiation, and a reduction of domestic consumer...

Are public and private social expenditures complementary?
May 1, 2005... Abstract Most analyses of social protection are focussed on public arrangements. However, social effort is not restricted to the public domain; all kinds of private arrangements can be substitutes to public programs. OECD data indicate...

Rate of return regulation: the case of Spanish ports.
May 1, 2005... Abstract An original model is put forward in this article to explain and consider the behavior of some of the most important public services in Spain. The cost function approach and the input distance function approach are used to estimate...

Private R & D and spillovers in European agriculture.(Research and development)
May 1, 2005... Abstract The objective of this paper is to present econometric evidence of the effects of economic incentives, public policies, and institutions on national aggregate private agricultural R & D investments. The main hypothesis we will test...

A survey and a theoretical model of distance education programs.
May 1, 2005... Abstract In search of a distance education program's crucial success factors, this research was conducted through a designed survey and evaluation instrument, for a predominantly doctoral program at DE University (DEU, an adopted name)....

Educational attainment and regional economic performance in Mexico.
May 1, 2005... Abstract A growing number of studies confirm the importance of educational attainment and human capital investment as a means for improving per capita income performance. In developing countries, attention to this linkage has primarily...

Firm investment and liquidity.(Brief Article)
May 1, 2005... The paper examines the impact of internal liquidity constraints on firm investment when the constraints are currently non-binding. This occurs when the firm believes that the availability of internally generated funds will limit investment in...

A tale of two currency crises: Argentina 2002 and Asia 1997-98.(Brief Article)
May 1, 2005... Counterproductive macroeconomic polices cause economic crises. Beginning with Thailand in July, 1997, and continuing into 1998, a financial panic swept much of Asia. Years prior to the crisis were characterized by economic growth. Asian banks...

Are Taylor rules relevant for the South African monetary policy?(Brief Article)
May 1, 2005... In the 1980s, South Africa adopted money supply targeting as monetary policy objective, and inflation averaged 15%. By the end of 1999, the country abandoned that policy to pursue price level stability. Inflation target range of 3-6% was set....

Structural adjustment policies and poverty reduction: lessons from sub-Saharan Africa.(Brief Article)
May 1, 2005... This paper attempts to appraise the structural adjustment program (SAP) policies of the World Bank and IMF with respect to sub-Saharan Africa (SSA). Preliminary investigation, in general, indicates that despite the rising growth rates of some...

I(2) variables: reformulation of the Hasza and Fuller Test.(Brief Article)
May 1, 2005... Using data taken from Venezuelan energy-related products (petroleum), we have been able to achieve an improvement in the results related to power in contrast to those normally obtained when applying the Hasza and Fuller Test for I(2) variables...

Adaptive forecasting of wave non-periodic time series.(Brief Article)
May 1, 2005... The forecasting problem of wave financial time series is considered. In practice of econometric forecasting of financial processes, real time series are of a complex structure described by the composition of non-periodic oscillating functions....

Creditworthiness evaluation: discriminatory analysis and classifying trees.(Brief Article)
May 1, 2005... Many financial agents who grant the purposeful credit without needless bank formalities have appeared in Poland lately. An agent decides to grant a credit taking a credit risk. The decision depends on data gained from the persons applying for...