International Advances in Economic Research articles from November 1999

International Advances in Economic Research archives from November 1999

Reforming the Dutch Welfare State: A Scenario Approach.(Statistical Data Included)
November 1, 1999... M. PETER VAN DER HOEK [*] The Dutch social protection system has been under reconstruction since the early 1980s. After describing the structure of the current system and addressing recent developments as to the treatment of families and...

The Challenge of the Commons: Estonian Housing Privatization.(Statistical Data Included)
November 1, 1999... CHARLES E. SCOTT [*], FREDERICK W. DERRICK [*] AND ENE KOLBRE [**] Housing privatization directly affects each individual and raises Significant questions beyond those raised in business privatization. When businesses are privatized, the...

Labor Supply, Child Care, and Welfare in Spanish Households.(Statistical Data Included)
November 1, 1999... INMACULADA GARCIA AND JOSE ALBERTO MOLINA [*] This paper presents a household model in which both spouses work and care for their children, thereby obtaining a measure of household welfare. Applying this model to the Spanish case allows for...

An Application of Pade Approximation to Volatility Modeling.(Statistical Data Included)
November 1, 1999... MARIA CANDELARIA GIL FARINA AND ROSA MARIA LORENZO ALEGRIA [*] This paper studies the dynamic relationship between future volatility and implied and historical volatility using data from Alegria and Rodriguez [1997]. The methodological...

Level of Economic Development and Political Democracy Revisited.(Statistical Data Included)
November 1, 1999... YONG U. GLASURE, [*] AIE-RIE LEE, [**] AND JAMES NORRIS [**] This article reassesses a democracy-economic development linkage for the period 1972 to 1990. The results show that economic development has a significant effect on democratic...

Multi-Currency Options and Financial Institutions' Hedging: Correlation Does Matter.(Statistical Data Included)
November 1, 1999... SARAH K. BRYANT AND SPIROS H. MARTZOUKOS [*] This paper examines one element of financial institutions doing business internationally: currency exchange risks. Such risks present significant barriers to profitably and competitively expand...

Budget Deficits, Capital Flows, and Long-Term Interest Rates: Cointegration Findings for the United Kingdom.(Statistical Data Included)
November 1, 1999... RICHARD J. CEBULA [*] This study uses cointegration tools to decide whether a long-term relationship exists between budget deficits and nominal long-term interest rates in the United Kingdom, as previous regression estimates have...

Forecasting Economic Magnitudes with Neural Network Models.(Statistical Data Included)
November 1, 1999... AUGUSTIN ALONSO-RODRIGUEZ [*] This paper is an introduction to artificial neural networks as a statistical and econometric tool. The fundamentals of the theory are presented and two applications illustrate the power of artificial neural...

Exchange Rates Prediction by ARIMA and Neural Networks Models.(Brief Article)
November 1, 1999... This research uses the multilayer artificial neural networks (ANN) trained by back-propagation algorithm to predict exchange rates and the Warsaw Stock Index (WSI) value on the Warsaw Stock Exchange (WSE). Forecasts obtained by ANN were...

Temporal Causality Between Exports and FDI: The Spanish Case.
November 1, 1999... Historically, outward foreign direct investment has been contemplated as an alternative way to internalize firms. In this line, a substitution relationship between exports and foreign direct investment would be expected. However, this seems to...

Genetic Linkages Between Global Stock Markets.
November 1, 1999... This paper acknowledges the existence of global linkages between equity markets. It aims at generating neural network models that tie together 10 global equity market indices. The objective is to apply genetic training to identify optimal...

Capitalism in the Czech Republic: Market Behavior of Listed Czech Companies from 1993 to 1997.(Brief Article)
November 1, 1999... This study analyzes the Czech Republic's economy and financial markets during the 1989-98 transition from Soviet domination toward Western capitalism. Personal experiences, historical references, academic literature on the Visegrad countries...

Public Inputs: Some Clarifications and a Taxonomy.(Brief Article)
November 1, 1999... This analysis shows that, contrary to what is stated in relevant literature, the specifications of an unpaid factor, a firm-augmenting public input, and a semipublic input are not identical. Furthermore, the specifications of public input imply...

Sectorial Investment Aggregation in Multi-Sector OLG-CGE Models.(Brief Article)
November 1, 1999... This paper offers a framework for analyzing sector-specific policy shocks when the sectoral capital stock dynamics are unknown. While the framework outlined here is generally disaggregated according to sector, capital itself is treated as a...

Financial Development and Economic Growth: An Egg-and-Chicken Problem?(Brief Article)
November 1, 1999... This study uses a new Granger causality testing procedure developed by Toda and Yamamoto [Journal of Econometrics, 1995, pp. 225-50] to contribute to the debate on causality between financial development and economic growth. It uses a...

Environmental Regulation Through a Global Incentive Approach and Industrial Competitiveness.(Brief Article)
November 1, 1999... Inducing the regulated entities to adopt ambitious and efficient innovation options for improving their environmental performances is beneficial to the global environment and the polluting industries. Implementation of a global environmental...

A Distributed Artificial Intelligence Approach to Computational Organization Theory.(Brief Article)
November 1, 1999... A model of a strongly decentralized process and knowledge-oriented organization is presented with the special use of distributed artificial intelligence (DAI) tools, which allow for creating a formal model. The model consists of cooperating...

Inter-Auditor Variability in Expert-Like Task Behavior: A Model and an Application.(Brief Article)
November 1, 1999... This paper presents a processes-based investigation of the sources of variation across auditors in observed expertise during performance of a field task. Auditor expertise is explored by means of a model based on task automaticity, a widely...