The existence of a long-run relationship between ODA and per capita GDP in India is examined, using annual data for 1961-92. A necessary condition for such a relationship is that the two series are integrated of the same order. Unit root tests indicate that ODA is I (0) while GDP is I (1), hence...

The paper uses the first five waves of the British Household Panel Survey to explore the dynamics of the labour market experience of Britain's ethnic minorities relative to the white majority. The issue to be explored is labour market transitions. Ethnic minorities are shown to exhibit greater...

This paper documents a new 'time-of-the-month' pattern in the daily returns of the Standard & Poor's and the NASDAQ indices. Splitting a month into three time segments, the results show that the returns are highest during the 'first third', experience a drop during the 'second third', and are...

This paper investigates the impact of earnings news on the trading behaviour of different types of traders in Finland. The results indicate that small and large traders behave differently around the earnings announcements, small traders increasing their sell orders after negative earnings surprises.

In a context of perfect markets, the impact of production decisions of peasants on their nutritional status is conveyed through an income effect and the structure of the output does not matter. Because of the imperfect and missing markets in LDCs, the levels of their agricultural outputs may...

Cook and co-workers recently uncovered evidence of asymmetric adjustment in the data used by Davidson et al. An economic interpretation was provided in terms of more rapid adjustment of consumers' expenditure during recessionary periods. In the present letter this hypothesis, derived indirectly...

Two characteristics of R&D inputs, learning by doing and knowledge diffusion, are explored here for generalizing the nonparametric methods of efficiency measurement known as data envelopment analysis

Tests of the Convergence Hypothesis, or the tendency for per capita income levels to narrow over time, have generally utilized cross-sectional data from a wide range of disparate coun7 tries and resulted in conflicting evidence. Using modern time series tests we find evidence of a Nordic...

This paper uses B-spline functions to approximate the term structure of interest rates implied in Japanese government bonds. The results indicate that the estimated short rate curve exhibits a slight dip in the long end of the curve. This may be attributed to an excess demand for long-term bonds...

In samples of employees from two firms, women are segregated in low-pay occupations and therefore receive lower returns on their (similar) educational qualifications than men. In the primary-sector, capital-intensive, unionized firm, all wages are much higher. In the secondary-sector firm,...