This paper examines whether the New Zealand equity market is integrated with the equity markets of Australia and the G7 economies by applying both the Johansen (1988) and Gregory and Hansen (1996) approaches to cointegration. The Johansen (1988) test suggests that there is no long-run...

A number of studies has shown that productivity declines with age in a wide range of activities. Based on United States experience, it has been argued that one profession that might be an exception to this phenomenon is the judiciary. This study explores the relationship between aging and...

This article measures education inequality between the coastal and inland provinces and compares it with rural-urban educational inequality in China, using Gini education coefficients and decomposition analysis. The main finding of the article is that disparities in access to education between...

We first suggest a bi-parametric Lorenz curve, which is a simple rational function, and then analyze the curvature structure of the function. We then build a series of single-parameter Lorenz curves with varied curvatures, which are special cases of the rational function. A hybrid method is then...

This paper examines whether initiatives to promote hydroelectricity consumption are likely to be effective by applying univariate and panel Lagrange Multiplier (LM) unit root tests to hydroelectricity consumption in 55 countries over the period 1965 to 2011. We find that for the panel, as well...

The objective of this paper is to examine whether energy consumption in Malaysia, disaggregated by sector and type, is stationary or contains a unit root. To realize our objective we apply the Lagrange multiplier (LM) family of unit root tests with up to two structural breaks. Depending on the...

While a number of studies examine the nexus between military expenditure and economic growth, little consideration has been give to the effect of military expenditure on external debt. This article examines the impact of military expenditure and income on external debt for a panel of six Middle...

This paper applies univariate and panel Lagrange multiplier (LM) unit root tests with one and two structural breaks to the ratio of the regional to national house price to examine the ripple effect for five different housing price indices (aggregate housing, detached housing, semi-detached...

This study explores the relationship between home ownership and subjective wellbeing in urban China using a nationally representative dataset. Compared with the limited extant literature on this topic for China, we use a more recent dataset, allow for a greater range of ownership forms, consider...