International Advances in Economic Research articles from November 2006

International Advances in Economic Research archives from November 2006

International integration and growth: a further investigation on developing countries.
November 1, 2006... Abstract The paper examines empirically the linkages between international integration and economic growth in a panel of 47 developing countries and 18 trade blocs over the period 1970-1989. Specifically, it attempts to identify through...

Unit root investigation of greek real money supply and GDP.
November 1, 2006... Abstract In this article, the time series of Greek real GDP and real money supply are investigated for the presence of a unit root, allowing for maximum two breaks which take place at an unknown point in time. This methodology is preferred...

Liquidity cost premia.
November 1, 2006... Abstract The purpose of the paper is to find out the borrowing cost premia for those individuals who are liquidity-constrained, or who are first-time buyers of real estate. The analysis uses the similarity of a leveraged purchase with the...

Taxes, transfers, and voter behavior in U.S. midterm elections.
November 1, 2006... Abstract The effects of changes in per capita real GDP, real taxes and real government transfer payments on midterm congressional election outcomes during the 1946-2002 period are examined. Voters are found to take all of these, except...

Returns of small growth stocks: an empirical analysis.(Viewpoint essay)
November 1, 2006... Abstract I investigate the mean reversion tendency of small growth stocks. Using a carefully articulated research design employing established and empirically tested principles, my findings should support or refute the anecdotal evidence...

The ethics of regional policy.
November 1, 2006... Abstract In the beginning, the economy was closed to ethics and as a social science had a moral dimension. However, after the marginal revolution and during the twentieth century, ethics was not considered in the economic analysis....

The economic consequences of the Statement of Financial Accounting Standards (SFAS) No. 150.
November 1, 2006... Abstract SFAS No. 150, "Accounting For Certain Financial Instruments with Characteristics of Both Liabilities and Equity" (SFAS 150), requires companies to report mandatorily redeemable preferred stock (MRPS) as a liability, and the...

Traditional and non-traditional determinants of accounting rates in international telecommunications.
November 1, 2006... Abstract The accounting rate system currently in place is used to reimburse telephone companies around the world for terminating calls originating in foreign countries. Increased competition in more liberalized countries has led to...

A stochastic minimax model to calculate Outstanding Claims.
November 1, 2006... Abstract Correct estimation of the Outstanding Claims Reserve, an item that includes Incurred But Not Reported Claims (IBNR) as well as Incurred But Not Enough Reserved Claims (IBNER), is one of the most important issues currently facing...

Reinforcing the link between contributions and pensions: the effect of the population aging.
November 1, 2006... Abstract In this paper, we analyze a majority voting process on the earnings-related part of pension benefits in a Social Security system with flexible retirement. We show that the aging of the population may make it easier to implement...

Prison labor: the local effects of Ohio Prison Industries.
November 1, 2006... Abstract Prison labor has both positive and negative effects. Keeping prisoners active, training and socializing them to be productive citizens after prison, and helping to pay for their incarceration are some of the positives. Potential...

Generalized monopolistic competition.(Research Notes)(Brief article)
November 1, 2006... Monopolistic competition is a vital element in economic analysis. This paper models a generalized form of monopolistic competition such that consumers are differentiated horizontally by taste while firms are differentiated vertically by quality...

Further evidence on the presence of non-linearity in the DJIA.(Research Notes)(Dow Jones Industrial Average)(Brief article)
November 1, 2006... In this paper, we report further evidence on the presence of non-linearity in the Dow Jones Industrial Average (DJIA). Daily continuously compounded returns of the DJIA are taken over the period 01/02/1930 to 06/01/2006. First, linear...

The Economics of control: an application.(Research Notes)
November 1, 2006... This study revisits utility theory and applies standard consumer theory to the choice between two 'goods,' money and the freedom to control one's own life. The freedom to control one's own life is an intangible, but very real asset, which we...

Contrasting the convergence performance of China and India.(Research Notes)(Brief article)
November 1, 2006... The recent economic growth rates of China and India have revived the convergence hypothesis wherein less developed countries (LDCs) could catch up with advanced countries if three conditions are met. First, there has to be a gap in the level of...

Income convergence: evidence from select Islamic countries.(Research Notes)(Brief article)
November 1, 2006... This study examines the convergence of per capita income among 20 Islamic countries using annual data spanning from 1961 to 2000. The sample consists of Algeria, Benin, Burkina Faso, Cameroon, Chad, Cote d'Ivoire, Gabon, Gambia, Indonesia,...

Recent disconnects in the crude oil price and inventory relationship.(Research Notes)
November 1, 2006... Prior to 2004, crude oil price was predictable by using relative inventories and the Organization of the Petroleum Exporting Countries'(OPEC) excess production capacity ["A Forecasting Model for Monthly Crude Oil Spot Price," International...