Using a large data set for 167 developed countries and emerging and transition economies, the authors estimate probability models (probit and ordered probit) based on available de jure and de facto classifications for 1970–1995 and 1995–1999. They show that economic openness, trade...

Zabezpečenie obrany patrí medzi základné úlohy každého štátu. Zároveň patrí aj k najnákladnejším ekonomickým činnostiam štátu, pretože na plnenie uvedených úloh vynakladá štát časť svojich ľudských, materiálnych a finančných zdrojov. Obmedzené a vzácne...

This paper presents cointegration analyses of the import and export functions of the Czech Republic in 1993-1998 by identifying the main variable factors and estimating the long-run equilibrium relationship of Czech foreign trade functions. A long-run equilibrium relationship was found in the...

Functional Signal plus Noise (FSN) time series models are introduced for the econometric analysis of the dynamics of a large cross-section of prices in which contemporaneous observations are functionally related. A semiparametric FSN model is developed in which a smooth, cubic spline signal...