In most transition countries the first newly elected governments decided on promoting the change of large scale agriculture into small scale family farming, for coping the West European model. Their political decisions were supported by internal and international advisors. Small properties were...

In most transition countries the first newly elected governments decided on promoting the change of large scale agriculture into small scale family farming, for coping the West European model. Their political decisions were supported by internal and international advisors. Small properties were...

A new family of kernels is suggested for use in heteroskedasticity and autocorrelation consistent (HAC) and long run variance (LRV) estimation and robust regression testing. The kernels are constructed by taking powers of the Bartlett kernel and are intended to be used with no truncation (or...

Numerous empirical studies have shown evidence of nonlinearities in financial time series, which can be of both a deterministic and a stochastic nature. Chaos is an example of the former, and heteroscedasticity in the conditional variance an example of the latter. We apply a test, the BDS test,...

Separating seasonal components from other sources of economic fluctuations is crucial for both economic modeling and policy making. Practitioners treat seasonality as noise to be removed before estimating models and tend to apply deseasonalizing methods i