This paper examines the relationship between financial development and economic growth in Taiwan from 1962 to 1998. Using a four-variable VAR model, the competing hypotheses of demand-following versus supply-leading are empirically tested. The results from Granger causality tests based on vector...

A finite mixture model is used to estimate farm-retail price transmission in the US fresh strawberry market. Results suggest two distinct pricing regimes associated with off- and peak-harvesting seasons. The market power parameter is significant in the peak-harvest regime, but not in the...

This article employs the Bradley-Terry method of paired comparisons, previously used by Beard and Caudill (2007), to examine the 2007 National Collegiate Athletic Association (NCAA) football season. We find that the Bowl Championship Series (BCS) did get it right: Ohio State University (OSU)...

This article uses the method of pairwise comparisons to rank college football teams. This issue is of some importance due to debate over, which team actually won the national championship in 2003-2004. Some polls ranked LSU number 1 while others ranked USC number 1. Our method, based on pairwise...

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...

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...