In this paper we consider the problem of making inference on a structural parameter in instrumental variables regression when the instruments are only weakly correlated with the endogenous explanatory variables.

Several recent studies have examined whether the main Chinese stock markets in Shanghai and Shenzhen are weak-form efficient. A consistent feature of the findings is that the pricing of foreign-owned B shares is more predictable than domestically-owned A shares. However, none of the earlier...

For the Australian rail industry, environmental regulation is a regulatory hotspot causing suboptimal rail operations and business performance. Attempts to measure the cost of regulatory burden are few, more so given the conceptual and practical challenges. This article employs the prism of...