In this article we propose a model-based approach to disaggregate data not available in the appropriate time span and apply it to obtain quarterly observations of the annual basis available real gross national product of four countries. These countries are USA, Canada, Germany and Italy. The...

This paper uses a data envelopment analysis (DEA) approach to create a benchmark measure for the relative operating efficiency of the publicly operated banks as well as their private counterparts in Taiwan. From the estimated results, we find that there are significant differences in efficiency...

This paper studies the expectation hypothesis relating to the term structure of Australian interest rates. We use monthly data on 90-day bank accepted bills and the 10-year Treasury bond over the period 1969-94. The test equation follows the approach in Campbell and Shiller (1987, 1988) and we...

This letter reports details of tests for the presence of conditional variance asymmetries in the growth rates of monthly international industrial production series using exponential-GARCH and threshold-GARCH generalizations. We find evidence of asymmetries of EGARCH form for US industrial...

This paper extends the previous literature on multiple growth equilibria by constructing a multisectoral open economy small macro model. We consider the dynamics of international debt, physical capital accumulation and competitiveness, and show that there exist two distinct stable equilibria,...

This paper estimates quality-adjusted price indexes for personal computers for the years 1976-88 using the method proposed by Berndt, Griliches, and Rappaport (1995). Indexes for the 1976-82 period may be combined with indexes provided by previous authors to obtain quality-adjusted price indexes...

In this paper we analyse the effects of price changes on consumers' cost of living, using true indices for Germany, France, the UK, Spain and Sweden. We define these indices for a PIGLOG cost function and a dynamic specification of the LAIDS allows us to estimate them using aggregated...

Do network news agencies (ABC, CBS, and NBC) play their dominant strategies in selecting the lead news story (cover story) for nightly newscasts? The present paper seeks an answer to this question by employing elementary game-theory analysis and simple logit/ordered logit regression models to...

In the UK there is a widening gap between the farm-gate and retail prices for red meat and pork products. This study attempts to discover the reasons behind this increase by analysing the determinants that are responsible for the increasing margins. Monthly data from January 1982 to March 1996...

The purpose of the present study is to provide alternatives to the monetary aggregates currently defined and published by Bank of Indonesia. The alternative monetary aggregate proposed is the Divisia aggregate which is an appropriate measurement for the monetary services of a country. In this...