Transition from economic theory to a testable form of model invariably involves the use of certain "simplifying assumptions." If, however, these are not valid, misspecified models result. This article considers estimation of the dynamic linear panel data model, which often forms the basis of...

This paper studies the possibility of human development convergence in the world from 1975 through 2005. Human development is measured by the Human Development Index (HDI) trend, and convergence across countries is tested for by the panel data approach of Ben-David (1993) and bootstrap critical...

Singh, J.P. and Konya, L. (2006) 'Cointegration and causality between Indian export, import, and GDP', Asia Pacific Journal of Economics and Business, Vol. 10, pp.20-35; studied the relationship between the Indian gross domestic product (GDP), exports and imports from 1950/1951 to 2003/2004. A...

Over the past two decades of transition from centrally planned economy to market economy Uzbekistan has experienced major structural changes. During this period the objectives of the tax policy were directed towards modernizing the tax system, increasing efficiency and reducing the tax burden on...

In spite of the fact that their ageing populations, low birth rates, and resentment to take low paid jobs make developed countries more and more reliant on guest workers and migrants, many people in the rich world are still unconvinced about the necessity and long-term benefits of immigration,...

The question of why more African Americans did not migrate earlier out of the stagnant and repressive South after emancipation remains open. Previous work has highlighted the role of demand and supply conditions. At the time, though, there was much concern about the role of emigrant agents who...

Purpose – The aim is to examine whether supermarkets may be losing the opportunity to increase customer purchase outlays by means of loyalty points, convertible to acquire specialty goods and services provided by “bonus partners”. Design/methodology/approach – Two econometric models were...

Purpose – The purpose of this research is to examine consumers' perception of the difference between customised/modified products and brand stereotypes, and the extent of brand's impact on consumers' decisions to customise their purchases. Current literature is rife about the shift from the...

Grocery shoppers were questioned about the frequency of purchasing items that were featured in the store's flyers. This measure was used as the dependent variable in a multinomial logit model with the independent variables being various aspects of shopping behaviour, usage of store flyers, age...

If retailers are apologetic about their merchandise being close to expiry dates and consequently offer it on promotion deals, there is no reason to believe that they cannot be boastful when the items being offered are in pristine condition. This paper prospects the potential of positioning...