In order to study the inter-relationships of international crude oil markets, empirical analyses are used to investigate univariate and multivariate relationships between Alaska North Slope and UK Brent oil prices. Using monthly data from the period 1974-1996, the results show that both price...

Various federal and state regulations on recreational boating were enacted with the intention of reducing recreational boating accidents and fatalities. Based on multivariate analysis of state regulations on recreational boating and boating statistics from 1990 to 1994, this study indicates that...

The paper introduces the concept of covariance decomposition in a vector autoregression system. It is applied to the negative relationship between real stock returns and inflation in the postwar United States, and examine whether monetary policy accounts for the negative covariance. When the...

The contingent valuation method is frequently used to estimate willingness to pay for environmental services. However, numerous studies have raised serious questions about the validity and reliability of such estimates. The study reported here extends the analysis of hypothetical versus real...

The study shed some light on the economic integration and intra-regional trade in the ASEAN countries, namely Indonesia, Malaysia, Philippines, Singapore and Thailand. Towards this goal, a gravity model is estimated for each of the five ASEAN countries based on the data from 1980 to 1995....

The new industrial organization theories as applied to macroeconomics predict that the relationship between the business cycle and profit mark-up is mediated by market structure. This prediction is tested using panel data on Indian manufacturing and evidence is found to support the above...

For a decade and a half, Cooper and Massell's (1965) conclusion that a policy of unilateral tariff reduction (UTR) is superior to the formation of a customs union (CU) remained unchallenged. However Wonnacott and Wonnacott (1981) using a more realistic model, claimed to show that UTR need not...

A recursive codependence analysis is proposed for investigating the stability of the activity-unemployment relationship. Besides some noticeable statistical advantages, this new method provides a more accurate evaluation of conjunctural employment policies. It appears that for most countries,...

A Markov switching regime model is used to investigate structural breaks in the average goals per game in the premier soccer leagues of England, Italy and Spain. The analysis reveals a structural break around 1965 in the three countries.

The objectives of this study are: (a) to estimate the impact of women's socioeconomic and access characteristics on the choice of specific contraceptive methods; and (b) to identify the wider determinants of family planning behaviour that warrant attention in the policy-making process. A...