A key issue in health care reform in the United States is the need to contain the inflation rate of the consumer price index (CPI) for health care services (IRCPIHC). Although previous literature has provided a variety of arguments regarding the causes of the rising IRCPIHC, relatively little...

This paper focuses on the international business cycle repercussions between Japan and the United States based on the vector error correction model. The results of the analysis are as follows: first, the effect of economic fluctuations between Japan and the United States is asymmetric; whereas...

An unobserved components time-series model is used to examine the persistence in Swedish unemployment. Three sources of unemployment persistence are identified: natural rate shocks; hysteresis; and persistent cycles. Hysteresis effects are modelled by allowing cyclical unemployment to have a...

The objective of the research reported in this paper is to examine the claim that, for purposes of identifying overinvesting firms, an average q of less than unity is a valid proxy for a marginal q of less than unity. The empirical evidence provided supports, although does not prove, this claim....

In this study, survey data were used to develop a model to measure the relationship between a set of socio-economic characteristics of consumers and their risk perception of feed additives and growth hormones use in livestock production. Perceptions were measured indirectly by constructs based...

This study examines the relationship between home buyers' characteristics and selling prices. Using survey on home buyers and the 1990 Multiple Listing Service data on single-family housing transactions in the Reno-Sparks area in Nevada, this study finds that home buyers play a significant role...

This paper re-examines the empirical regularity of convergence in gross state product (GSP) per capita across US states. Patent data for the 48 continental United States and the District of Columbia, from the US Patent and Trademark Office, is used to account for innovation and technology...

The expectations hypothesis of the term structure implies that interest rates of different maturities are driven by one common stochastic trend. Using the Johansen multivariate cointegration analysis one finds that for seven German bond yields at least two common stochastic trends exist. These...

This paper estimates investment equations for pre-unification West Germany in which changes in profitability have strong explanatory power with respect to changes in real investment. Accordingly, post-unification decline in profitability suggests that investment by west German firms in eastern...

Economists have hitherto neglected the behaviour of the personal introduction agency sector. This paper presents estimates of the average cost function. It is found to have a U-shaped pattern. Average costs are also shown to be higher when the agency guarantees a minimum number of dates and...