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Nonparametric Efficiency Testing of Asian Stock Markets Using Weekly Data

LOS, CORNELIS A. - EconWPA - 2004

The efficiency of speculative markets, as represented by Fama's 1970 fair game model, is tested on weekly price index data of six Asian stock markets - Hong Kong, Indonesia, Malaysia, Singapore, Taiwan and Thailand - using Sherry's (1992) non-parametric methods. These scientific testing methods...

Persistent link: https://www.econbiz.de/10005076962

Coasean economics and the evolution of marine property in Hawaii

kaiser, brooks; roumasset, james - EconWPA - 2004

population pressure in Hawaii co- evolved with specialization and increased governance, in accordance with the efficiency theory …. Instead of market-based specialization, however, economic organization in pre-contact Hawaii was hierarchically determined via …

Persistent link: https://www.econbiz.de/10005135079

Intercity Trade and the Industrial Diversification of Cities

Anas, Alex; Xiong, Kai - EconWPA - 2003

locally. A larger cost-share of services favors specialization, and high intracity commuting cost and population growth favor …

Persistent link: https://www.econbiz.de/10005062501

Specialization and Geographic Concentration of East Java Manufacturing Industries

Landiyanto, Erlangga Agustino; Pradana, Anindita; … - EconWPA - 2005

concentration has a relation with industrial specialization which based on industrial structure on that region. The objective of … of that industries is, and how the relation between the spatial concentration and specialization and industrial structure … specialization index and Krugman bilateral index to analyze the data.. …

Persistent link: https://www.econbiz.de/10005556249

Transition in FSU and sub-Saharan countries: The role of institutions

Laurila, Juhani - EconWPA - 2002

This study compares transition processes in countries of Central and Eastern Europe, the former Soviet Union (FSU) and sub-Saharan Africa. By widening the scope from most- to least-developed transition economies, the study establishes the importance of a strong state with evolved institutional...

Persistent link: https://www.econbiz.de/10005076830

Trade Balance Constraints and Optimal Regulation

Quesada, Lucia; Chisari, Omar - EconWPA - 2005

We investigate the interactions between optimal regulation and external credit constraints. When part of a regulated ¯rm is owned by foreign investors, a credit-constrained country who wants to send pro¯ts abroad has to generate enough surplus in the trade account in order to compensate...

Persistent link: https://www.econbiz.de/10005076909

Trading Population for Productivity

Galor, Oded; Mountford, Andrew - EconWPA - 2004

specialization of industrial economies in the production of skilled intensive goods. The rise in the demand for skilled labor induced …. In non-industrial economies, in contrast, the specialization in the production of unskilled intensive goods that was …

Persistent link: https://www.econbiz.de/10005125617

Dynamic Heckscher-Ohlin Results from a 2x2x2x2 Overlapping Generations Model with Unequal Population Growth Rates

Sayan, Serdar - EconWPA - 2002

This paper considers a two-country world where the population in one country grows faster than the other, and investigates the implications of the addition of non-stationary population dynamics to a simple 2- commodity, 2-factor model of international trade within an overlapping- generations...

Persistent link: https://www.econbiz.de/10005125629

Directions of Trade Flows and Labor Movements between High- And Low-Population Growth Countries: An Overlapping Generations General Equilibrium Analysis

Sayan, Serdar; Uyar, Ali Emre - EconWPA - 2002

Persistent link: https://www.econbiz.de/10005125644

Sviluppo e riforme in Cile: apertura commerciale, fondi pensione e privatizzazione dei servizi/REFORMS AND DEVELOPMENT IN CHILE: Macro considerations on Int'l Trade, Pension Funds...

Panizza, Andrea de - EconWPA - 2003

This paper examines the growth pattern followed by the Chilean economy with reference to the macroeconomic reforms undertaken during the Pinochet regime, which were largely maintained by successive democratic administrations and partially reproduced by neighbouring countries. The focus is on the...

Persistent link: https://www.econbiz.de/10005126348