This study analyzes the firm size effect on wage determinant mechanism and wage differential between large firms and small firms. The empirical methodology, based on Fixed Effect estimation, Probit estimation and Oaxaca-Blinder decomposition estimation, be utilized to measure wage determinant...

This paper documents an association between firms’ cash holdings and CEO’s pay performance sensitivity. Controlling whether CEOs are both president, firm size, leverage, auditor specialization and the ratio of independent board, we find that firms with more cash holdings are more likely to...

Current account deficit as a ratio of GDP is a commonly used measure that determines the sustainability of current account deficits. But other factors such as the composition of the current account deficit, the methods which are used to finance it, exchange rate policy, macroeconomic condition...

This paper is concerned with dynamic interactions between population change, wealth accumulation, and resource dynamics. Our model synthesizes economic mechanisms of some well-known models within a compact framework. Wealth accumulation is built on the Solow growth model. Dynamics of birth and...

The main objective of this research was to empirically investigate the relationship between income and consumption of farm households in District Peshawar, Khyber Pakhtunkhwa province of Pakistan. For this purpose, a household level survey was conducted in summer 2012 in two selected villages,...

The aim of this work is to study the influence of macroeconomic volatility on physical capital accumulation in Sub-Saharan economies. To do this, we relied on a panel of 18 countries in the region, covering the period 1980-2010. In addition, our measures of volatility are obtained after...

Convention specifies the relationship between price and unemployment in terms of the Phillips curve (PC) where inflation and the rate of unemployment are correlated. This paper uses a variant of the PC that is more consistent with the relationship between price and output as depicted in the...

Using Volume-synchronized Probability of Informed trading (VPIN), we examine the evolution of ex-post adverse selection risk in the IPO aftermarket of a sample of 70 Indian firms. We find that adverse selection risk is highest on IPO listing day, and gradually reduces over the subsequent weeks....

The purpose of this paper is to evaluate the possibility of applying statistical matching on two different data sources to create an integrated database with detailed information on households income and consumption expenditures in Italy. The data to integrate are those of EU-SILC (EU Statistics...

This paper challenges previous empirical evidence on output-inflation trade-off described in the hybrid New Keynesian Phillips curve. I estimate key coefficients of the hybrid gap-based New Keynesian Phillips curve, with both the forward- and backward-looking inflation components, in the Czech...