This paper presents some parsimonious econometric models of the relationship between land prices and cash rents derived from an encompassing present-value framework. Alternatives based on adaptive, naive, and rational (or perfect foresight) expectations are applied to three separate data sets on...

This paper reports initial results from a study of worker absenteeism in the context of an experience-rated sickpay scheme. Under the scheme, workers are assigned to three discrete grade according to their absence history. The authors concentrate on estimating the effect of the grade boundaries...

This paper is concerned with the problem of testing the hypothesis that the disturbances of a regression model are generated by a first-order autoregressive process against the alternative assumption that they follow a first-order moving average scheme. The test proposed has the advantages of...

Single equation error correction models (ECMs) are widely used in the analysis of cointegrated variables. It is important to check the specification of ECMs using diagnostic tests. Monte Carlo evidence is reported that shows that the finite sample significance levels of such tests can be...