We analyze the development of 18 types of criminal records in Japan for the period 1991–2001 across 47 prefectures with spatial lag and spatio-temporal heteroscedasticity. We explore the hypothesis that crime data are related to socio-economic variables in Japan. We extend the Bayesian...

This paper documents stylized facts on the process of structural transformation around the world and empirically analyzes its determinants using data on real value added by sector of economic activity (agriculture, manufacturing and services) for a panel of 168 countries over the period...

The regional trade agreements (RTA) have been one of the important developments in the world trading system in 1990s. There are number of studies on the effects trade agreements in different contexts. This study is an attempt to analyse the effects of bilateral trade agreements in the...

Conventional monetary theory suggests that a closed system banking regime may lead to a systematic and uniform over-expansion of circulation. However, Selgin (2001, 2010) argues that as the number of banks increases, they act much as a “chain gang” does, making coordination all the more...

In this paper we investigated the impact of some indicators on the average earnings at county level in Romania for the period 2000-2012. After a short statistical analysis of the indicators used in this study and after excluded Ilfov and Bucharest, we grouped the counties into three main...

We build a panel consisting of five countries of the South Asian Association for Regional Cooperation (SAARC). The five countries are Bangladesh, India, Nepal, Pakistan and Sri Lanka. The goal is to study the money demand function of those countries. Our results show that money demand (M1) is...

In this paper we use a panel of administrative data to determine the factors associated with primary care physician self-selection into different payment models in Ontario, Canada. We find that primary care physicians will self-select into payment models based on existing practice and individual...

Since the mid-1980s, a good number of West African countries started experimenting with policies of financial sector reforms with a view to increasing prospects for economic growth. However, the empirical evidence on the relationship between financial reforms and growth is still mixed. This...

State- and Wealth-dependence of individual risk preferences are investigated using Italian panel data. To elicit risk aversion, a social security policy reform occurred in Italy in 2008 is exploited. This law asks private sector employees to invest their accruing severance pay in three...

Matthew Hall, Ph.D., Associate Professor at the Institute of Government and Public Affairs, University of Illinois, Chicago, IN, United States. Email: mshall@uic.edu Address: 601 S Morgan St, Chicago, IL 60607, United States.George Farkas, Ph.D., Professor at the School of Education, University...