This paper investigates the short-run dynamic impact of foreign currency shocks on the deviations of Latvian <i>lats</i> vis-à-vis US <i>dollar</i> market spot rate from the parity set via <i>lats'</i> peg to SDR for the period from 1994 to 2000. The analysis is based on the standard theoretical model of dynamic...

This study examines the long-run relationship between industrial pollution and income in China using provincial panel data. Four types of pollutants are modelled: waste water, solid wastes, soot and SO2 emission. Two types of income effects are considered: the scale and growth effects. The study...

This paper examines the history of econometrics through a particular case study - modelling the tradeoff between inflation and unemployment. It focuses on the questions of what econometric tools modellers would choose to model the tradeoff, how their choices helped shape the ways that they...

This study examines the evolution of econometric research in business cycle analysis during the 1960-90 period. It shows how the research was dominated by an assimilation of the tradition of NBER business cycle analysis by the Haavelmo-Cowles Commission approach, catalysed by time-series...

The focal issue of this investigation is whether the rising services sector would contract cost disease and stagnate economic growth in People's Republic of China (PRC), as diagnosed generally of tertiarization in Baumol's unbalanced growth model. Using provincial panel data for 1985-2001, the...