Unaccounted for currency in the U.S. has been argued to reflect the presence of widespread income tax evasion. In turn, income tax evasion is especially problematic in this era of large government budget deficits and growing national debts which have led to debt crises. This empirical study...

This theoretical analysis develops a model for analyzing public policy in interdependent economies. The model allows for feed-backs between the commodity, money, and labor markets in all of the economic systems. Regionally oriented monetary policies are fully analyzed, as are regional oriented...

This study empirically estimates the determinants of aggregate voter participation rates between 1960 and 1996 using instrumental variables. Other things equal, an increase in the public’s dissatisfaction with politicians decreases voter participation, an increase in the highest marginal tax...

This study empirically identifies factors that influenced geographic differentials in the bank closing rate in the United States over the period 1982 through 1990. Given the presence of censored data, the model adopts the tobit estimation procedure. The bank closing rate in a state is found to...

In this first-time-ever such study of the adult female population in the state of Florida, the percentage of the women 18 to 44 years of age within each county in the state of Florida in 2007 who had received a Pap smear during the past year was a decreasing function of the percentage of women...

This study has two objectives. First, it seeks to apply a hedonic pricing model to determine whether property taxes have been capitalized into the prices of single family homes located within in the Savannah Historic Landmark District in Savannah, Georgia. A total of 593 home sales over the...

This empirical note reformulates a model for testing the hypothesis that migration of the poor and welfare levels are bi-directionally related. After correcting for co-linearity in a previous model, the new model yields two-stage least squares estimates that affirm the hypothesis once again.

This study provides recent empirical evidence on the impact of the federal budget deficit on the nominal long term mortgage interest rate yield in the U.S. The study is couched within a loanable funds model that includes the cost to financial institutions of borrowing funds, expected inflation,...

This study addresses a question that has not been researched much previously, namely, does the unavailability of health insurance act as an incentive for persons to enlist in the military in the U.S.? This relationship is proffered as the “Military Health Care Magnet Hypothesis.” The present...

We intend to reveal the causes and the determinants of the omitted shareholder proposals. We find that individual investors are mostly likely to submit a proposal being excluded from the proxy ballot. Since individual investors are not so skillful as institutional investors, we summarize that...