The Environmental Kuznets Curve (EKC) hypothesis is investigated for US hazardous waste sites. Where past studies have typically focused on cross-country analyses of conventional air and water pollutants, here, US county level data and assessed risk is used as the measure of environmental...

We examine a method recently proposed by Hinich and Patterson (mimeo, University of Texas at Austin, 1995) for testing the validity of specifying a GARCH error structure for financial time series data in the context of a set of ten daily Sterling exchange rates. The results demonstrate that...

By modifying Berument's divided government-optimum financing model to include partisan interests, it is found that when the Democratic party controls both the Congress and Presidency, real monetary base grows at a higher rate than when the Republican party controls both branches. In addition, it...

This note describes two alternative approaches to identify the parameters that characterize intertemporal female labour supply, allowing for uncertainty, nonparticipation and nonseparability. Econometric results indicate that the choice of functional forms is one of the most important issues in...

This note provides evidence that there exist long-run benefits for a Canadian investor from diversifying in the equity markets of the US, Japan, and the six largest European markets namely those of the UK, Germany, France, Switzerland, Italy and the Netherlands. This evidence is based on tests...

This paper applies the well-known Granger causality approach to investigate the causal relationships between (a) Greek public expenditure and Gross Domestic Product and (b) Greek public expenditure and public receipts. The results suggest that an increase in public expenditure does not lead to...

Although the nonparametric nature of Varian (Microeconomic Theory, Norton, New York, 1984) Weak Axiom of Cost Minimization (WACM) methodology offers a number of advantages in the estimation of bank managerial efficiency, this approach possesses a potentially critical problem: measurement error...

We build on earlier work in the literature on economies of scale and scope in the financial services industry by using a unique French data set covering 162 financial institutions. In the institutional context of the French mutual funds industry, it has been argued that consumers incur...

This paper applies the methodology developed by Caballero and Lyons (1989), in order to estimate jointly the degree of internal returns to scale and the extent of external economies in Greek two-digit manufacturing industries during the period 1963-90. Overall, we find that only two industries...

Using data from the General Household Survey 1973-95, it is shown that there were substantial differences between the earnings of whites and nonwhites in the self-employment sector of the British labour market over the period. Fitting a model of earnings determination which takes account of...