Spatial differentials in economic growth has become an important economic, social and political issue in China in her rapid industrialization drive over the last two decades. Measuring such differentials and quantifying their relevant components are important for policy making on regional...

This paper examines the effectiveness of Pigovian taxation in checking the behaviour of a durable goods monopolist who generates some externality in the production process. The durable good lasts two periods. It is found that while the effect of an increase in the tax is to lower the first...

This paper examines two competing explanations for workers' absenteeism, the shirking hypothesis and the adjustment-to-equilibrium hypothesis. Data on German workers for 1985-88 from the German SocioEconomic Panel are used in order to estimate the determinants of workers' absenteeism. The...

This paper discusses a simple testing procedure based on cointegration that can be used to assess and compare the historical performance of trading systems and investment strategies. The proposed procedure, coined the 'cointegration cumulative profit' test, is applied in evaluating technical...

This paper presents a Monte Carlo simulation study of the bootstrap algorithm proposed by Lothgren and Tambour for calculation of bootstrap confidence intervals for the firm-specific Data Envelopment Analysis (DEA) Malmquist productivity index. The simulation results indicate that the coverage...

It is shown, that the unemployment index proposed by Paul (Applied Economics, 24, 1992) implies unwarranted results as to the disparity of unemployment duration. This is due to the usage of the concept of 'interrupted spell length of the stock' as the duration measure. Replacing this concept by...

The paper presents estimates of export and import demand functions for fifteen industrial countries. To allow for common shocks use is made of the Seemingly Unrelated Regression Estimator (SURE). These estimates are then used to construct predictions of the growth rate consistent with balance of...

The simple three-equation Sommers-Suits model of economic growth published in 1971 was one of the first that used a cross-section approach to study the effects of endogenous population growth rates on economic development. Re-estimation (following the same functional form as in the Sommers-Suits...

Applying VAR(5), a bootstrap simulation approach and a multivariate Rao's F-test indicate that government revenue Granger-causes spending in Finland. This does not agree with Barr's tax smoothing hypothesis. This explanation of this is due to the institutional factors that are specific for Finland.