International Advances in Economic Research back issues from November 2003:
Long memory in the interest rates in some Asian countries.
Nov 01, 2003; ... Abstract In this paper, the stochastic behavior of short run interest rates in some Asian development countries is examined by means of using fractionally integrated semiparametric techniques. In doing so, a much richer flexibility is allowed in the dynamic behavior of the ...
Financial variables as leading indicators in Greece.
Nov 01, 2003; ... Abstract This paper presents business cycle stylized facts for the Greek economy and extends the relevant Greek literature in the following directions. First, the index of industrial production (IOP) is used to represent real economic activity and business cycle conditions ....
Empirical analysis of savings behavior in European countries: new insights.
Nov 01, 2003; ... Abstract The primary aim of this paper is to carry out an analysis of the savings behavior by separately analyzing its public and private components and the private savings components as well. Particularly, the authors will devote attention to appraise the extent to which the ...
Income smoothing behavior of U.S. banks under revised international capital requirements.
Nov 01, 2003; ... The use of the loan-loss provision to smooth reported income by large bank holding companies is a much-investigated practice. To the extent that the variability of net income is a measure of risk, income smoothing may reduce the perceived riskiness of the bank and thus increase stock ...
Arithmetic visibility estimates for OECD countries with three government levels.
Nov 01, 2003; ... The importance of fiscal visibility has been well known for a long time but attempts to quantify it by taking the internal structure of every type of revenue and expenditure in a fiscal system into consideration are recent. Indicators used until now rest on structural parameters combined ...
Consumption taxes in the internet world.
Nov 01, 2003; ... Abstract The evolution of e-commerce raises serious issues concerning the current and future viability of consumption taxes. The dimensions of e-commerce (product, process, and agent) are shown to significantly impact the characteristics of taxes. The key issue addressed is ...
The effect of health investment on growth: a causality analysis.
Nov 01, 2003; ... Abstract The aim of this paper is to analyze the effect of health investment on productivity as an important variable associated with human capital accumulation. The authors also study the possible existence of endogeneity by using instrumental variables estimation. The results ...
Demand for medical care in Iran: an empirical investigation.(Research Notes)(Brief Article)
Nov 01, 2003; ... The demand for medical care in urban areas of Iran was estimated using a multinomial logit model. The price elasticity showed an expected sign and appeared to be inelastic. All other variables affecting demand for medical care had the expected sign but only a few were significant. A ...
What spurs on recipients of social assistance to opt out?(Research Notes)(Brief Article)
Nov 01, 2003; ... The aim of the study is an empirical investigation of incentives concerning the behavior of recipients of social assistance in Germany. More precisely, the focus is on recipients of general income support, because general income support does not require any kind of disability. The main ...
Behavioral impact and reaction of SEC fair disclosure reporting companies.(Research Notes)(Brief Article)
Nov 01, 2003; ... The SEC has implemented a new and controversial rule titled Fair Disclosure (FD), which was instituted in November 2000. The intent of FD is to curtail selective corporate disclosure of material information predominately to market professionals. This study explores the change, examining ...
The economic impact of the WTC disaster on NYC hospitals.(Research Notes)(Brief Article)
Nov 01, 2003; ... New York City was attacked on September 11, 2001. At 8:45 AM, the North Tower of the World Trade Center was hit by a jet aircraft. Eighteen minutes later, United Flight 175 crashed into the South Tower. Both buildings burst into flames and collapsed releasing a massive cloud of debris and ...
Information provision and barriers to energy efficiency.(Research Notes)(Brief Article)
Nov 01, 2003; ... This paper assesses information programs used by national governments in pursuing greenhouse gas (GHG) emission mitigation through reduction in energy consumption. They are part of a spectrum of policy instruments available to governments in seeking that objective. The paper locates such ...
Short-run response of crude oil inventory and demand to crude oil price.(Research Notes)(Brief Article)
Nov 01, 2003; ... This paper empirically demonstrates the notion that inventories are pivotal in determining price behavior in crude oil markets by finding that, in the short run, price elasticity of relative demand is much smaller than the elasticity of relative inventory. This finding supports the ...
Is geography destiny?(Research Notes)(Brief Article)
Nov 01, 2003; ... Why the productive capacity of some nations is so much greater than that of others largely depends on a country's proximity to a coastline. Are landlocked countries "prisoners of geography" [Hausmann, Foreign Policy, June 2001, pp. 45]? We define a Coastline Index (hereafter C-Index), ...