International Advances in Economic Research articles from November 2005

International Advances in Economic Research archives from November 2005

Determining a modified currency board's two-period exchange rate strategy.
November 1, 2005... Abstract Is it preferable for a modified currency board (MCB) to disguise its true characteristics and preferences and renege later? This paper analyzes a model in which a MCB determines its first-period exchange rate strategy to maximize...

Time-space harmonization of consumer price indexes in Euro-zone countries.
November 1, 2005... Abstract The objective of this paper is to discuss the possibilities of attaining a time-space harmonization of the consumer price indexes that are elaborated by the 12 European Union (EU) Euro-zone countries and by Eurostat. After...

A reexamination of the wealth effect and uncertainty effect.
November 1, 2005... Abstract In an influential article, [Romer, Christina "The Great Crash and the Onset of the Great Depression," Quarterly Journal of Economics, 105, 1990, pp. 597-624.] estimates the magnitudes of the uncertainty and wealth effects. She...

Participation and consumption of illegal drugs among adolescents.
November 1, 2005... Abstract This paper identifies the determinants affecting the adolescent populations' decision regarding whether or not to consume illegal drugs. The authors estimate a simultaneous Type II Tobit model for each sample substance, including...

Trade liberalization and the labor market revisited.
November 1, 2005... Abstract This paper provides new insights in understanding the adjustments of the labor market to trade liberalization policies in an economy producing tradeables and nontradeables. The results of the paper indicate that the short-run...

Corporate governance and economic value alignment.
November 1, 2005... Abstract As a result of recent problems with corporate reporting and management, renewed interest in Corporate Governance has arisen. We analyze economic value alignment as a form of Corporate Governance, a concept similar to but more...

Reporting effects of SFAS 143 on nuclear decommissioning costs.(Statement of Financial Accounting Standards )
November 1, 2005... Abstract SFAS 143, Accounting for Asset Retirement Obligations, has the potential to cause significant economic consequences to firms impacted by its provisions. BK & L (Boatsman, J. R.; Khurana, I. K.; Loudder, M. L. "The Economic...

Growth, convergence, and social cohesion in the European Union.
November 1, 2005... Abstract The aim of this paper is to analyze the economic and social cohesion in the European Union. There are different factors to explain the convergence process and besides, empirical findings are not conclusive. To the European Union,...

Evaluation of selected methods of classification for the Warsaw Stock Exchange.
November 1, 2005... Abstract The portfolio analysis allows a complex analysis of all the securities and it is connected with diversification of the portfolios risk. The problem that arises before the portfolios will be constructed and is connected with...

Inter-regional price convergence and market integration in Russia.
November 1, 2005... A spatial pattern of goods market integration in Russia is analyzed. For each region of the country, this pattern suggests whether it is integrated with the national market, and if not, whether it moves towards integration. To model the...

Temporal aggregation effects in gasoline price pass-through in the U.S. Gulf Coast region.(Brief Article)
November 1, 2005... It is commonly believed that a trade-off exists between more information and more noise in high-frequency data. In this paper, we generated weekly and monthly aggregated spot and retail price series from daily gasoline prices in the U.S. Gulf...

Endogenous factor-commodity price structure by factor endowments.(Brief Article)
November 1, 2005... This study demonstrates that the absolute factor price and commodity prices in the Heckscher-Ohlin model after trade can be determined by exogenous factor endowments under the assumption of the identical demand tastes or the identical...

Evaluating the incidence of Social Security privatization on African Americans.(Brief Article)
November 1, 2005... Social Security was formulated on a "Pay as you go basis." Thus, current workers' contributions fund retired workers benefits. As baby-boomers begin to retire, the ratio of contribution to benefit would decline significantly. In response, some...

Nursing home quality in New York State: a new look.(Brief Article)
November 1, 2005... Levels of nursing home staffing, particularly hours by nursing staff, have continually been identified as an important characteristic of nursing home quality. Research into the link between nurse staffing hours and quality of care in nursing...

Characterizing depreciation in the automobile industry by brand.(Brief Article)
November 1, 2005... The purchase of an automobile is a significant expenditure for most households. Reliability, safety, initial price, and name brand all impact the value and depreciation rate of an automobile. This research evaluates the depreciation rate of 15...