The recent trend of globalization has given rise to a new paradigm in international economics, i.e. the simultaneous exports and imports of a product within country or a particular industry called intra-industry trade (IIT) or two-way trade. This study examines country-levels determinants of...

The aim of this paper is to obtain some statistical properties about runs of daily returns of ISE30, ISE50 and ISE100 indices and compare these results with the empirical stylized facts of developed stock markets. In this manner, all time historical daily closing values of these indices are...

This study investigates and searches for a stable money demand function for Pakistan’s economy, where monetary aggregate is considered as the nominal anchor. The stability of the money demand has been the focus of numerous debates due to evolving financial innovations and regulations. Earlier...

The paper addresses a topical issue – how expansionary fiscal policy affects the debt to GDP ratio. It examines whether the projected future economic growth (stimulated by government spending) is sustained with the resulting national debt. It is discussedif government investment in...

The paper introduces the appropriate within estimators for the most frequently used three-dimensional fixed effects panel data models. It analyzes the behavior of these estimators in the cases of no self-flow data, unbalanced data, and dynamic autoregressive models. The main results are then...

Genetic algorithms were the first evolutionary algorithm designed. These algorithms simulate natural selection to produce good solutions quickly for complex problems. Job shop scheduling with sequence dependent setup times is an NP-hard problem – any algorithm to optimize this problem has...

The literature on art auctions has overlooked the market for classical music manuscripts and this paper explores, for the first time, the determinants of “hammer” prices for about 360 classical music manuscripts auctioned at Sotheby’s (London) during the 1998-2009 period. We use hedonic...

This paper examines price convergence between the major cities of Mexico making use of unit root tests with panel data. If the price deviation is stationary, it is said that there is price convergence and market integration. The results achieved in this paper indicate that the price deviations...

The poor state of quality education in South Africa is confirmed by the weak performance of South African students on international tests, even when compared to countries with comparatively poorer education systems. This paper aims to shed light on this issue through the use of the PIRLS 2006...

En recourant à une analyse en données de panel concernant 15 pays de l’OCDE sur la période 1979-2006, cet article revisite la loi d’OKUN en intégrant aux variables taux de croissance du PIB et variation du taux de chômage, les taux d’impôts sur les revenus, les profits et les biens...