A popular approach to estimating income variance in cross-sectional data is to use an aggregate method by categorizing sample observations into arbitrarily formed groups, taking into account some socio-economic attributes. This study proposes an alternative technique that can be used to estimate...

Copulas are functions that parameterize the dependence between univariate marginal distribution functions to form a joint distribution function. Copulas provide a consistent procedure for testing dependence and guiding the choice of empirical model. In this study we use copulas to measure the...

Previous studies on the demand for meat products have not received much attention on the role of ethnicity on consumption. Using data from the US Consumer Expenditure Survey (CES) and LinQuad demand systems, this study investigates the impact of ethnicity on the demand for meat products in the...

Baltagi and Kao (2000) chronicle the emergence of panel applications of the cointegration approach. This study builds on this literature by proposing a reformulation of the pooling statistic proposed by Baltagi et al. (1996) that can be used to test for the appropriateness of this panel...

Using recent US financial market data, this study tested whether relative strength trading strategy was profitable in two different sample periods (1990 to 2012 and 1965 to 2012). In contrast to the previous findings, our study finds no clear evidence for profitable zero-cost buy and hold...