A large literature documents a strong correlation between health and educational outcomes. In this paper we investigate the role of cognitive ability in the health–education nexus. Using NLSY data, we show that cognitive ability accounts for roughly one quarter of the association between...

A large literature documents a strong correlation between health and educational outcomes. In this paper we investigate the role of cognitive ability in the health–education nexus. Using NLSY data, we show that cognitive ability accounts for roughly one quarter of the association between...

I show that in a conventional Ramsey model, between one-fourth and one- half of income differences across countries can be explained by a single factor: The steady-state effect of large, persistent differences in national average IQ on worker productivity. These differences in cognitive...

The paper distinguishes between the classic or traditional foreign banks with their emphasis on corporate and wholesale banking, and the innovators responding to transition, deregulation or crisis in emerging markets. The innovators come in three varieties—bettors, prospectors and...

This study utilizes the windowed-test procedure of Hinich and Patterson (1995) to examine the data generating process of KLSE CI returns series. Unlike previous studies, the present one relates the evidence to the popular weak-form EMH and behavioural finance, with the hope of offering some...