This paper analyses price linkages between the equity market of Australia and those of Hong Kong, Singapore and Taiwan using cointegration, Granger-causality, variance decomposition and impulse response analyses based on MSCI database covering the period 1975-1995. The results show that the...

This short note links days and delays in refereeing with some basic characteristics of the reviewers. An altruistic approach is used, and 1994 data from Hamermesh is augmented and it is found that (i) long articles, (ii) referees outside the USA and Canada, (iii) lack of academic experience,...

This paper measures the relationship between the level of stock analysts opinions and the dispersion of those opinions. The proposed theory is that analysts notice when there is less agreement and tend to lower their reported opinions in such cases. Hence, the thesis of the paper is that a...

This paper deals with an empirical investigation on the existence of long-run relationships among the two most important Mercosur stock market indexes (the Argentine Merval and the Brazilian Ibovespa) and two major international stock price indexes (the Japanese Nikkei and the US Dow Jones) and...

A methodology for estimating public pension wealth is presented and employed to cross-sectional data of Canadian households. Public pension wealth is measured as the present value of the future stream of benefits from public retirement savings plans in Canada. These plans include the...

This paper extends analyses of the determinants of the level of transactions among barter exchanges in the US economy by separating the trend elements of the explanatory variables from their cyclical elements. The results suggest that the level of barter is positively influenced by the expected...

Using data from the Fourth National Survey of Ethnic Minorities, the determinants of location-specific language capital and its impact upon the employment prospects of male and female ethnic minority immigrants in Britain are investigated. It is found that lack of English language fluency...

This paper examines the time series properties of the monthly black-market dollar exchange rates of the Bulgarian lev, Czech koruna, East German mark, Hungarian forint, Polish zloty, Rumanian lei and Soviet ruble over the period 1955-1990. All series other than the mark exhibit a unit root in...

This paper proposes a new model for estimating economic agents' anticipation of the real rate of interest. It decomposes the nominal short-term interest rate into an ex ante real interest rate and an expected inflation rate, according to Fisher's equation. Assume the ex ante real interest rate...

Studies abound which systematically analyse the economic impact of work stoppages on the two protagonists as well as on specific industries. The results of such micro studies are a mixed bag. The findings of the first macro study, involving Canada were published in 1975. Employing input-output...