International Advances in Economic Research articles from May 2007

International Advances in Economic Research archives from May 2007

Financial analysts' forecasts and unprecedented events: the case of German reunification.
May 1, 2007... Abstract We use the chain of events from the fall of the Berlin Wall to the reunification of Germany to examine how capital market participants respond to momentous and unprecedented events. Our examination measures the impact of these events...

The influence of socioeconomic factors on economic growth.
May 1, 2007... Abstract The main goal of this paper is to analyse the relationship between social capital and economic growth taking into account the role of fiscal policy from theoretical and empirical points of view. To achieve this goal, "Human Capital and...

An Examination of the quality of jobs in the call center industry.
May 1, 2007... Abstract This paper examines jobs in the information society and the new economy, taking as its focus the call center industry. More specifically, the study analyzes the degree of variability of the quality of call center jobs. In order to...

Evaluation of the effects of education on job satisfaction: independent single-equation vs. structural equation models.
May 1, 2007... Abstract Independent single-equation models and structural equation models are used to analyze both direct and indirect impacts of education length, and of the match between education and employment, on job satisfaction after controlling for...

Charitable donations: evidence of demand for environmental protection?(Survey)
May 1, 2007... Abstract Using data from the 2001 Giving and Volunteering in the United States survey, I examine household charitable donations to environmental organizations. Household income has a positive impact on environmental giving. While the tax price...

The real equilibrium South African rand/US dollar exchange rate: a comparison of alternative measures.
May 1, 2007... Abstract This article indicates how different measures of the real exchange rate, i.e., the exchange rate adapted for cost inflation, price inflation and labour costs, influence the equilibrium view and misalignment of the South African rand/US...

Self-enforcing labour contracts and macroeconomic dynamics.
May 1, 2007... Abstract To properly account for the dynamics of the key macroeconomic variables, researchers incorporate various internal propagation mechanisms in their models. In general, these mechanisms implicitly rely on the assumption of a perfect...

Value at risk and economic growth.
May 1, 2007... Abstract The improvement of data statistics as well as the econometrician methods have facilitated the introduction the new variables and factors I the economic growth analysis. In this sense, real variables have mainly been considered in the...

An integrated model of the adoption and extent of e-commerce in firms.
May 1, 2007... Abstract This work aims to explain firms' decisions to adopt Internet-based e-commerce, and the extent to which the adopters subsequently implement e-commerce to commercialize their products and services. We examine various types of factors...

Henry George: an overlooked free trader.
May 1, 2007... JEL B31 * F10 ********** In 1886 Henry George, who is best known for his single tax theory in the history of economic thought, published a work in London entitled Protection or Free Trade: An Examination of the Tariff Question....

Forecasting UHF financial data: realized volatility versus UHF-GARCH models.(ultra-high-frequency)
May 1, 2007... JEL C10 * G20 ********** This research, which aims at forecasting intra-daily volatility of returns, shows that realized volatility seems to be the best methodology to predict high frequency volatility compared to more sophisticated...

Determinants of premiums to book value paid in banking mergers.
May 1, 2007... JEL E00 * E40 * F10 * F30 * G20 * G30 ********** In this paper the author presents empirical evidence supporting his contention that premiums to book value paid in mergers and acquisitions in the banking industry are more a function of...

Portfolio analysis: example for the Warsaw Stock Exchange.
May 1, 2007... JEL G20 ********** H. Markowitz (Journal of Finance, March 1952) created foundations for the portfolio management theory and for the method of an effective selection of assets. Thus, the major problem is to determine the number of...

The market structure of the US economy.
May 1, 2007... JEL L10 ********** Shepherd ("Causes of Increased Competition in the U. S. Economy, 1939-1980," Review of Economics and Statistics, 64, 1982) examined the market structure of the US economy. Shepherd finds 76.7% of the US economy is...

Unsustainable poverty.(Brief article)
May 1, 2007... JEL O10 ********** Poor people do better at saving themselves and at prospering than outsiders, high-level planners, or their own top officials can do for them. Poverty is unsustainable. Poverty is not certainly bequeathed to one's...

A comparative analysis of contractual choice in apartment markets.
May 1, 2007... JEL O50 * P00 * R10 ********** Apartment rental contracts vary considerably across the world. The ubiquitous monthly rent plus security deposit is the standard contract in the United States and many Western countries. In Asia,...

General economics systems stability states and negative synergy.(Brief article)
May 1, 2007... JEL P00 ********** This topic presents a conceptual discussion as to how General Systems Equilibrium conditions are predicated by the assumption that equilibrium conditions exist in macroeconomic-system models based upon a foundation...