The purpose of this paper is to investigate the effect of real government capital expenditure on GDP in the Iranian economy using annual time series data for the period 1959-1992 employing superexogeneity test. It is found that government capital expenditure has an important positive effect on...

The growing anxiety over residues in fresh produce could result in increased demand for low input agriculture with reduced pesticide residues or decreased demand for conventional fresh produce. The objective of this study was to empirically evaluate consumer concern about pesticide residues and...

This paper provides empirical evidence concerning the long-run properties of expected real interest rate and nominal interest rate as a predictor of inflation using US and UK data from 1803 to 1990. It is found that we can reject the null hypothesis of constancy of ex ante real interest rate for...

Utlizing Johansen's (1988) multivariate cointegration testing procedure, we find a cointegrating vector between the outputs of five major industrialized nations for the fixed exchange rate period. However, this relationship breaks down for the flexible exchange rate era. We argue that the...

With public spending subject to increasing security, the private sector has grown in influence in providing welfare. The public and private mix of welfare has been theorized in many academic disciplines but has not received full quantitative application. This letter attempts an estimation of the...

We seek to add a cautionary note to the growing appetite for quantitative economic history. Our lightning rod is the money demand estimation undertaken by Michael, Nobay and Peel (MNP) (1994) over the last months of Germany's hyperinflation. MNP apply to less than eighteen months of data an...

The aim of this paper is to analyse the (in)efficiency of the Spanish regions over the period 1986-91, using a stochastic frontier approach. Different distributional assumptions are used to estimate each region's (in)efficiency as well as the influence of the inputs on the productivity gains:...

The 1991 UK National Health Service reforms introduced explicit market mechanisms into the purchasing and provision of health care. The clinical labour market has however remained relatively unchanged, despite progressive encouragement to shift towards local pay determination. This letter...

This paper utilizes evidence from the Association of University Teachers advanced to support the 1996 claim for increased remuneration for their members in the UK higher education sector. The study specifically focuses upon the determinants of pay for academic staff and a comparative series of...

This paper presents a framework for interpreting and using the count-data model for estimating the time of technology adoption. The Bernoulli trials of the negative binomial model are interpreted as the stages involved in a potential adopter learning and updating information relevant to a new...