This paper offers an empirical investigation of dearth of private capital flows to Sub-Saharan Africa in a context where there is a surge in private capital flows to the rest of the developing countries. Using panel data on thirty Sub-Saharan African countries over the time period from 1986 to...

During the early 1990s the number of UK graduates increased substantially while the number of young first time home buyers was diminishing and student loans began to replace maintenance grants. In the light of these changes, this paper examines the influences on home ownership based on a sample...

The paper examines the validity of export promotion strategies using a structural vector autoregressive model. Empirical results based on Korean monthly data indicate that: (i) export specific shocks have permanent effects on output; and (ii) the effects are not small. These results provide some...

Different parametric Lorenz curves are estimated and evaluated using household survey data from rural China. None of them, however, is found to yield an adequate description of income distributions. Thus, new and better functional forms are called for, despite the fact that many already exist in...

This paper proposes a nonparametric Poisson kernel density estimation technique for discrete distributions. Economists have been using continuous kernels to approximate discrete distributions. This work introduces a discrete kernel as more appropriate for approximating discrete distributions....

Using unique and unpublished panel data from selected US cities, the paper investigates the consequences of ignoring unobserved heterogeneity in the unit of observation when estimating the economic model of crime. Results confirm that neglecting to control for unobserved heterogeneity overstates...

Granger and Lee (Journal of Applied Econometrics, 4, 1989) contains seminal research on nonsymmetric error correction, where the familiar error correction term is partitioned into positive and negative elements. Cook et al. (Applied Economics, 1998) have recently argued that for this no...

This paper investigates the relationship between trade policy orientation and industrialization. Growth rates of manufacturing value added, rather than output growth rates, are related to index of real exchange rate distortion to establish the superiority of outward-oriented strategies in...