International Advances in Economic Research articles from November 2008

International Advances in Economic Research archives from November 2008

European integration, intra-industry trade in vertically differentiated products and the Balkan countries.
November 1, 2008... Abstract The aim of this paper is to examine the relation between the integration process and the intensity of intra-industry trade between two countries of different levels of development. Our theoretical model and results indicate that trade...

The forms and determinants of social exclusion in the European Union: the case of Luxemburg.
November 1, 2008... Abstract The paper investigates the social exclusion process in the European Union (EU), particularly in Luxemburg, addressing both conceptual and empirical issues. It examines aspects such as; the most appropriate definition of social...

Expectations, strategies and prospects of farmers in view of Croatia's pending EU accession.
November 1, 2008... Abstract In Croatia, farmers prepare themselves for the impending EU accession and consider their future economic opportunities in and outside agriculture. This study on farmer's strategies reviews empirical evidence of a unique household...

The relationship between university support to entrepreneurship with entrepreneurial activity in Spain: a GEM data based analysis.
November 1, 2008... Abstract The main purpose of this research is to analyse the statistical relationship between entrepreneurship university support and the level of entrepreneurial activity in Spain. Concerning the methodology, data has been provided by the...

Asymmetric behaviour of Spanish regional house prices.
November 1, 2008... Abstract In connection with the housing market, which is presently raising a great deal of concern among the general public, this paper investigates regional housing prices in Spain using variable co-integration techniques. It analyzes the...

Financial development and income in North Africa.
November 1, 2008... Abstract We explore the short-run dynamics and long-run relationship between income and financial development in Algeria, Egypt, and Morocco. We use co-integration and VECM models and four indicators of financial development. The empirical...

Jensen's inequality in finance.
November 1, 2008... Abstract The purpose of this paper is to measure the size and the statistical significance of three inequalities in the field of financial economics. The three are variants of Jensen's inequality. The first inequality is a comparison of the...

Decomposition of the Gini Index by Sources of income.
November 1, 2008... Abstract The Gini concentration coefficient is considered to be the best synthetic inequality measure and is widely used in economic research. In this paper, we present its decomposition by factor components with an application to income...

Kids cause specialization: evidence for Becker's household division of labor hypothesis.
November 1, 2008... Abstract We examine the division of labor within households and marital matching patterns in the USA using both the Current Population Survey (CPS) and the National Longitudinal Survey of Youth (NLSY). We use Becker's theory of marriage markets...

Ramifications of a flat tax--shifting the burden to the middle class.
November 1, 2008... Abstract An alternative to the current US tax system would be a flat tax. According to its supporters, the flat tax would decrease the complexity of the tax system. Opponents contend that the flat tax will shift the tax burden to the middle...

Consumer's behavior under mandatory deposit system.(RESEARCH NOTE)
November 1, 2008... It is essential in understanding the economics of littering to realize that one only discards items of zero or negative net value. A vast number of goods leave a residue or a container following consumption. One paradigm is the beverage...

On optimal instrumental Variables generators: an Application to Hedge Funds Returns.
November 1, 2008... JEL C10 F39 G10 G20 In this paper, we propose a new benchmarking procedure that relies on cumulants for computing the factor loadings in financial models of returns. This procedure was developed originally by Geary [(1942, "Inherent...

Transaction function.
November 1, 2008... JEL D00-D21 The aim of the present research is the development of analytical performance of the transaction function permitting to predict development of the institutional environment of the managing subjects. The fundamental...

Financial management of MNC in monetary union.
November 1, 2008... JEL D00. D21 E42 Literature on multinational corporation's activity already features cost and benefit analysis of intra-corporate financial management and reveals the main methods of hedging the risk that appears due to the economic...

Alternatives to expedite macroeconomic convergence of the SADC countries.
November 1, 2008... Countries comprising of the Southern African Development Community (SADC) region show satisfactory progress with the achievement of the region's macroeconomic convergence goals. Five countries achieved all four goals set for 2008 already in...

Microfoundations in monetary union modeling.
November 1, 2008... A contemporaneous approach in macroeconomic modelling is based on micro-economic foundations. The aim to capture demand and supply responses to economic policies is achieved in two-tier exercise. In the first step a representative household or...

Comparison of the Reporting bases: case of Czech and Lithuania.
November 1, 2008... JEL M00 The European Union (EU) Regulation 1606/2002 requires all listed companies of the member states to prepare consolidated financial statements based on the International Financial Reporting Standards (IFRS) for accounting period...

Market shares and concentration in the EU auditing industry: the effects of Andersen's demise.
November 1, 2008... Abstract This paper describes and analyses changes at the concentration level of the audit services markets in 15-EU member-countries. The sample consists of 2,862 client of auditing firms for the period 1998 to 2004. The findings of the...