Previous research has shown that wage discrimination may exist in National Basketball Association (NBA) player salaries. These studies have shown that African-Americans earned from nine to twenty per cent less than whites when on-court performance is held constant. The authors could find no...

The issue of stationarity is a critical one in time series modelling. Tests designed to detect unit roots are sensitive, however, to model specification. While it has previously been shown that the presence of moving average errors may adversely affect the size of Dickey-Fuller type tests for...

The long-run relationship between current account deficits, domestic income, foreign income and foreign interest rates are estimated based on Ivorian time series data. The empirical results suggest that terms of trade along with domestic income, French income, and foreign real interest rates...

In this comment we note that the methodology used by Apergis and Karfakis (1996) (a) leads to restricting the contemporaneous impact matrix not the long-run impact matrix in identifying their SVAR model, contrary to to their stated objective, and (b) that the Bernanke-Sims procedure of...

Which of the two forces, past trends or future expectations plays a more dominant role in exchange market volatility? This hypothesis is econometrically tested here for four advised industrial countries, France, UK, Japan and Germany over the period 1985-95.

If actual unemployment affects the non-accelerating inflation rate of unemployment (NAIRU) through a hysteresis effect, the disinflation involved in reducing a country's inflation rate to that of its future partners in a monetary union could produce a long term cost to monetary union in the form...

This study examines, for the period 1964-95, the impact of structural federal budget deficits in the US on interest rates at savings and loan institutions (S&Ls). Interest rates at S&Ls have largely been neglected in the deficit/interest rate literature. Moreover, the deficit/interest rate...

This paper contributes to the estimation of the best practice frontier in health production in the OECD countries at the aggregate level, in the tradition of the concept of health production function originally developed by Grossman. Estimates of technical efficiency for the OECD countries,...

This paper uses cointegration and error correction modelling to investigate how Governments across the Tasman have corrected fiscal imbalances. Australian Governments have used revenue and expenditure adjustments to correct long term fiscal imbalance. In the short term, however, taxes constrain...

In this paper we test whether a Linder effect exists in international trade generally, and in trade among, and between, developed and less developed countries in particular. We provide empirical evidence that, contrary to accepted views, the Linder effect can be found for both developed and less...