We use hedonic analysis to show that water clarity has a significant effect on lakefront property values in the Near North Ontario, Canada. In this study, water clarity is measured by Secchi disc reading. Based on two different dependent variables; sales price and sales price per square foot,...

Diamonds are generally evaluated on the basis of sensory characteristics, such as carat (weight), colour, clarity and cut. However, given the experience goods nature of diamonds, few consumers grasp how the sensory characteristics of these stones are evaluated by the gemological grading...

This study applies Panel Seemingly Unrelated Regressions (SUR) Kapetanios <italic>et al</italic>. (Kapetanios--Shin--Snell (KSS), SURKSS) tests, proposed by Wu and Lee (2009), to investigate the properties of long-run Purchasing Power Parity (PPP) in 15 African countries. The empirical results from the...

The present study empirically examined five different versions of Wagner's law by employing annual time-series data on six countries over the period 1951-1996. Three countries are part of the emerging industrialized countries of Asia (South Korea, Taiwan, Thailand) and three are industrialized...

Cointegration and vector autoregression are used to test the 'Tax-and-Spend', 'Spend-and-Tax', and 'Fiscal Synchronization' for ten countries using annual time-series data over the period 1951 to 1996. Three of them are part of the newly industrialized countries of Asia (South Korea, Taiwan, and...

This study applies threshold cointegration test advanced by Enders and Siklos (2001) to investigate the properties of asymmetric adjustment in long-run Purchasing Power Parity (PPP) in 22 selected African countries during the period of January 1980 to December 2003. Although there is evidence of...

This article analyses whether leverage affects firm value and does so using a panel of 196 Taiwanese listed companies during the 13-year (1993-2005) period. We employ an advanced panel threshold regression model to test whether there is a 'threshold' debt ratio which causes there to be...

In this article, we re-investigate the validity of Purchasing Power Parity (PPP) for a sample of 10 East-Asia countries over the period of January 1987 to June 2005, using a recently developed econometric technique of the panel stationary test with multiple structural breaks, proposed by...

In this study, a cointegration analysis and a vector autoregressive model (VAR) are used to examine the causal relationships among energy consumption, employment, and output for Taiwan over the period January 1982 to November 1997. Johansen (1988) and Johansen and Juselius (1990) cointegration...

This paper uses a cointegration analysis and a vector autoregressive model (VAR) to examine the causal relationship between defence spending and economic growth for Taiwan and Mainland China over the period 1952-1995. It is found that these two variables are not cointegrated for both countries...