The literature shows that new exporters have small levels of exports relative to regular exporters upon entry, and, if they survive, they have very high export growth rates between the entry year and the next year. However, these empirical facts might be biased by the partial year effect: firms...

The degree of convergence in fiscal pressure registered in the European Union during the 1967-94 period is studied. To that end, OECD data is used and both the traditional cross-sectional convergence indicators and the time series analysis of the longrun properties of the data set are examined.

According to several empirical studies, the linear present-value model fails to explain the behaviour of stock prices in the long run. We analyse the possible presence of threshold cointegration between real stock prices and dividends for the US market during the period from 1871:1 to 2004:6....

This article examines the long-run relationship between per capita US$ PPP health expenditures (HE) and per capita US$ PPP national income (GDP), using Spanish data over the period 1960 to 2001. We extend previous analyses by addressing the question of whether this relationship is stable over...