This article employs cointegration and error-correction modelling to test the causal relationship between real income, exports and human capital stock using data for China over the period 1960 to 1999. We find that real exports, human capital and real income are cointegrated when real exports is...

Using data from 11 manufacturing industries in 17 OECD countries, this paper empirically investigates the determinants of cross-country differences in the persistence of productivity differentials. Specifically, the paper focuses on the effects of product market structure and technology...

Using local-to-unity detrending, a modified momentum-threshold autoregressive test is derived to allow the unit root hypothesis to be tested against an alternative of asymmetric stationarity about a deterministic trend. Monte Carlo evidence is presented to show the increased power of the...

Researchers prefer to use a demand system that best fits their data. This paper examines a nonnested test of comparison between the quadratic expenditure system (QES) and the almost ideal demand system (AIDS). We determine which model is more suitable by analyzing the value and the significance...

In this study, co-movements and causality of international interest rates are analyzed. We use spectral analysis to find co-movements and lead and lag relationships and the transfer function model to examine causality. Using the Granger causality test, we identify unidirectional movements from...

This paper estimates the demand for cigarettes using panel data – 42 states and Washington, D.C. – from 1961 to 2002. We first employ the panel unit root test before estimating the demand structure. We have found that (i) the price and income elasticities are approximately –0.41 and 0.06,...

This paper determines the effect that offset payments under the Continued Dumping and Subsidy Offset Act (CDSOA also known as the “Byrd Amendment”) have on tariff levels that are lobbied for by U.S. producer groups. We derive the optimum antidumping tariff that would maximize the welfare of...

Providing qualified workers for the companies represents a step forward the normal and efficient operation of them. The modern industrial company presupposes that people should interact to each other, establishing multiple connections and passing through a continuous process of getting...

The purpose ofthis paper isto examine some ofthe salient features of the concept of enterprise zones, especially those aspects included intheadministration'splan,inanefforttopredicttheactualoutcome of this policy proposal if it is enacted and implemented. Even though the concept of enterprise...