International Advances in Economic Research

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Government expenditures and revenues: evidence of fractional cointegration in an asymmetric modeling.(ORIGINAL PAPER)(Report)
Abstract In this paper, we examine the relationship between the US government expenditures and revenues using a fractional cointegration framework. In doing so, we permit a much richer degree of fle . . .

The importance of the indicator of satisfaction chosen.(ORIGINAL PAPER)
Abstract Competitiveness in most developed countries is increasingly measured in terms of the quality of goods and services and to a lesser extent in terms of prices. It is crucial to know the opini . . .

Extending the learning-by-exporting hypothesis: introducing a credit constraint.(ORIGINAL PAPER)(Report)
Abstract This paper develops a theoretical framework which can be used to examine policy implications from the learning-by-exporting hypothesis. This work builds on previous theoretical literature b . . .

Signaling Public Private Partnership activities: reporting behavior within annual reports.(ORIGINAL PAPER)
Abstract This empirical study examines whether, and if so, to what extent, firms report on Public Private Partnership (PPP) projects to signal PPP engagement even beyond legal obligations. The annua . . .

Modeling distribution channel dynamics of North American cars in the Spanish automobile industry.(ORIGINAL PAPER)(Report)(Survey
Abstract Relations between manufacturers and distributors have been the center point of the distribution channel's management. This study covers the effects of coercive, as well as non-coercive powe . . .

Benchmarking corporate social responsibility within Spanish companies.(Report)
Abstract In this paper, the authors focus on the influence of corporate social responsibility (CSR) upon business profitability. In order to be capable of working with homogeneous data, the authors' . . .

State variations in hospital expenditures: an ecological approach.(ORIGINAL PAPER)
Abstract Hospital expenditures vary across states both in terms of the levels and growth rates. Economic status, insurance coverage (or lack thereof), health risk factors, and demographic factors ar . . .

Some empirical evidence of the efficacy of job matching in urban labor markets.(ORIGINAL PAPER)
Abstract Theory predicts that workers in cities are more likely to engage in job search, ceteris paribus, due to market efficiencies associated with greater job density. However, if job search is mo . . .

Nonlinearities and the business cycle in Spanish imports: a smooth transition regression approach.(ORIGINAL PAPER)
Abstract Traditional specifications about imports have their foundations on the symmetry of the cycle. However, the wide debate about the asymmetric character of the cycle has aroused much interest . . .

Overcoming negative synergy in the classroom: avoiding a teaching nemesis.(RESEARCH NOTE)
In the classroom, one pedagogical technique used to improve student classroom participation and to introduce various levels of collaborative efforts among the students is the group project. Presente . . .

Limitation of panel cointegration: application to PPP in the EU.(RESEARCH NOTE)
While panel-based tests of cointegration have clear benefits in terms of size and power, empirical tests indicate that the panel outcome may be driven by the time series properties of a small number . . .

Whither corporate Russia?(RESEARCH NOTE)
On the basis of individual Russian firm data, over the period of 1998-2006, drawn from the Russian Trading System stock exchange, our paper constructs various measures of company performance. Our fi . . .

Ticket demand depending on the number of local clubs.(RESEARCH NOTE)
The demand for sports tickets in general and the demand for football tickets, specifically in European top-leagues, has been subject of a couple of empirical studies within the last years e. g., in . . .

Subprime mortgage tremors: an international issue.
Abstract The subprime mortgage crisis has negatively affected individuals, investors, lenders, and economies worldwide. This paper first examines contributing factors of the crisis: predatory lendin . . .

International implications of the cost of compliance with the external audit requirements of section 404 of Sarbanes--Oxley.
Abstract The Sarbanes--Oxley ACT (SOX) was effective for many large U. S. companies for fiscal years ending on or after December 15, 2004. Some, cross listed, non U. S., companies must comply with t . . .

On optimal instrumental variables generators, with an application to hedge fund returns.
Abstract In this paper, we propose a new benchmarking procedure lying on cumulants for computing the factor loadings in financial models of returns. We apply this technique to the well-known augment . . .

Spatial regression analysis vs. Kriging methods for spatial estimation.
Abstract Due to the rapid development of Geographic Information Systems (GIS) in recent years, spatial data analysis has received considerable attention and played an important role in social scienc . . .

Efficiency of the Warsaw Stock Exchange: analysis of selected properties.
Abstract The Warsaw Stock Exchange (WSE) has been operating in present form for 15 years. WSE is regarded as an "emerging market". We can observe that it is still developing (in order to become "dev . . .

Estimation of asymmetric stochastic volatility models for stock-exchange index returns.
Abstract The objective of this paper is to put forward a new autoregressive asymmetric stochastic volatility model for modeling volatility and to compare results obtained for this model with an auto . . .

The value relevance of earnings and nonearnings information in regulated and deregulated markets: the case of the airline indust
Abstract This paper examines the valuation effects of earnings and two nonearnings-based measurements (book values and operating cash flow) on security prices of airline companies under two differen . . .

Methodological procedure for estimating Brazilian quarterly GDP series.
Abstract This paper presents a methodology for estimating the Brazilian GDP quarterly series in the period between 1960-1996. Firstly, an Engle-Granger's static equation is estimated using GDP yearl . . .

Rating of network-integrated corporations.
Abstract While conventional rating systems are still focused on individual companies, in reality stand-alone business of a single enterprise respectively debtor is more likely the exception than the . . .

Structural change in rural Croatia--Is early retirement an option?
Abstract Structural change in agriculture, although often connected with social hardship of uncompetitive small-scale farms and a loss of tradition, is inevitable. It is the basis for successful rur . . .

Some estimates for the effect of removing import tariffs.(RESEARCH NOTE)
On April 19, 2005, the countries of Thailand and New Zealand (NZ) signed a Closer Economic Partnership Agreement that was to have eliminate most tariffs on Thailand's agricultural imports. This rese . . .

Analyzing market workability with the CFD-Concept.(RESEARCH NOTE)
JEL L10 . L60 Whoever examines real markets in a comparative static way (in a neoclassical manner) assumes for the interpretation of the data (prize-quantity combinations) that at least a short-te . . .

European integration, intra-industry trade in vertically differentiated products and the Balkan countries.
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 theo . . .

The forms and determinants of social exclusion in the European Union: the case of Luxemburg.
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 . . .

Expectations, strategies and prospects of farmers in view of Croatia's pending EU accession.
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 . . .

The relationship between university support to entrepreneurship with entrepreneurial activity in Spain: a GEM data based analysi
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 m . . .

Asymmetric behaviour of Spanish regional house prices.
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 c . . .

Financial development and income in North Africa.
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 indicator . . .

Jensen's inequality in finance.
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. T . . .

Decomposition of the Gini Index by Sources of income.
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 c . . .

Kids cause specialization: evidence for Becker's household division of labor hypothesis.
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 (NLS . . .

Ramifications of a flat tax--shifting the burden to the middle class.
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 t . . .

Consumer's behavior under mandatory deposit system.(RESEARCH NOTE)
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 con . . .

On optimal instrumental Variables generators: an Application to Hedge Funds Returns.
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 o . . .

Transaction function.
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 manag . . .

Financial management of MNC in monetary union.
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 r . . .

Alternatives to expedite macroeconomic convergence of the SADC countries.
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 achie . . .

Microfoundations in monetary union modeling.
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 . . .

Comparison of the Reporting bases: case of Czech and Lithuania.
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 . . .

Market shares and concentration in the EU auditing industry: the effects of Andersen's demise.
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 p . . .

Vertical innovation and catching-up: implications of EU integration for CEECs-5.(European Union, Central and Eastern European co
Abstract We analyze the role of vertical innovation in trade patterns for developing economies trading with technologically advanced countries. A model is presented where the international diffusion . . .

Common trends and common cycles in per capita GDP: the case of the G7 countries, 1870-2001.(gross domestic product, Group of 7)(
Abstract In this paper we analyze per capita incomes of the G7 countries using the common cycles test developed by Vahid and Engle (Journal of Applied Econometrics, 8:341-360, 1993) and extended by . . .

The effects of immigration on regional unemployment rates in the Netherlands.(Report)
Abstract The impact of immigration on the change in the unemployment rate in the Netherlands is analyzed using panel data from 26 labor market regions from 1996 through 2003. This study measures imm . . .

HRM as a significant factor for achieving competitiveness through people: the Croatian case.(human resource management)(Report)
Abstract This paper evaluates the quality of human resource management (HRM) in Croatia because excellent human resource (HR) policies, programs and activities enable enterprises to maximize their w . . .

The Spanish tomato export sector of the Almeria region: an econometric approach.
Abstract This article analyzes the current situation of the tomato export sector of Almeria, the principal exporting province of Spain. First, a critical view is presented relating to the internal o . . .

Health, social insurance and income.(Report)
Abstract Health, a form of human capital, can be defined by longevity and physical wellbeing. Social policy decisions require an understanding of the factors that contribute to the creation of healt . . .

Estimating the percentage of the US population without health insurance: an ecological approach.(Report)
Abstract This ecological study identifies factors that affect the percentage of a state's population without health insurance. Even with the Medicaid program, over 15% of the US population is withou . . .