This paper extends the class of covariance stationary GARCH processes of Engle (1982) and Bollerslev (1986) to the case of non-summable autocovariances. We improve on the results of two previous studies in this field: FIGARCH model of Baillie, Bollerslev and Mikkelsen (1996), which generates...

In this paper we estimate the labor supply function for married females in Estonia. Particularly, we are interested in determining the elasticities of the weekly supply ofhours with respect to hourly wage rates and with respect to nonlabor income. We adopt the two-step estimation procedure. In...