This paper examiens the efficiency of labour allocation and the productivity of labour by gender between and within farms and nonfarm enterprises on Thai farms. Cobb-Douglas production functions are estimated for both types of enterprises, using disaggregated data. The estimated parameters of...

In this study we examine the issue of parameter heterogeneity in the neoclassical growth model using a quantile regression estimator. Using cross-sectional data on 86 countries covering the period from 1960 to 2000, we estimate a version of the growth model of Mankiw, Romer and Weil (1992). We...

The Great Moderation, the significant decline in the variability of economic activity, provides a most remarkable feature of the macroeconomic landscape in the last twenty years. A number of papers document the beginning of the Great Moderation in the US and the UK. In this paper, we use the...

In this paper we extend the standard shock spillover model of Bekaert and Harvey (1997), Baele (2003) and Ng (2000) to account for asymmetries of return and volatility spillover effects from the US equity market into Canada and Mexico. Unlike previous research, we model the conditional...