An issue that arises in applications involving the ARCH-in-Mean (ARCH-M) model is whether or not the error variance is constant over time. A proper statistical formulation of this as a test of hypothesis presents two difficulties. First, the model does not satisfy the standard regularity...

There is a body of literature that studies how immigrants' earnings change over time relative those of native-born workers -or the extent of catch-up. The quasi-panel approach to the question has been adopted in only a couple of Australian papers.

In this paper we empirically analyse two counter-factual situations facing an anti-trust authority following the merger of two of the largest international cigarette companies. First we estimate a nested logit model of demand for cigarettes. The implied elasticity of demand for smoking and...

In this paper i discuss the origin of the concept, between 1930 and 1933, in the writings of L.F. Giblin, R.F. Kahn, Roy Harrold and Michal Kalecki. Of the four, i argue, Kalecki's treatment of the export multiplier is most interesting, not least because he anticipated much more recent analyses...

This paper explores the implication of a potential quality-improving innovation through its application to digital camera market. It simulates post-innovation prices and sales of cameras and quantitatively estimates the economic impacts of the innovation based on a random coefficient structural...

The objectives of this paper are (i) analyse the different definitions of ecotourism and identify their salient elements, (ii) describe the link between ecotourism and natural resources and (iii) identify the research gaps in ecotourism planning and evaluate various quantitative tools available...

This paper develops a time domaine score statistic for testing fractional integration at zero and seasonal frequencies in quarterly time series models.

This study examines the role of auctioneer's strategy used in determining pricing at art auctions. It characterizes the role of auctioneers, prices that the paintings were sold at and tests a series of hypotheses about their behaviour. This is done using pricing data from an auction of...