In this article, we estimate one-, two- and three-factor generalized Vasicek interest rate models using Japanese yield curve panel data over the important period 2000 to 2010. The state space form of the model is presented and the Kalman filter applied. The empirical results provide support for...

We estimate changes in the productivity of schooling for six East Asian countries. Our productivity measure is based on changes in the relative price of schooling. A rising price of schooling relative to other labor-intensive service sectors should indicate declining relative schooling...

2001-2006 income distribution decreasing in the Brazilian regions: tendency or transitory phenomena? - The aim of this paper is to contribute to the debate on the decrease of the concentration degree of the family?s income distribution in Brazil in the first five years of the XXI Century. On...

In this study, regional income distribution in Turkey during 1990-2006 period are analyzed in terms of neoclassic convergence hypothesis by using provinces level Per Capita Gross Domestic Production (PCGDP) and Per Capita Income (PCI) and the reasons of regional income gaps are examined....