Many Canadian studies continue to use Mincer's basic post-schooling earnings function to analyse labour market earnings of individuals. Several policy recommendations are based on these analyses. The underlying assumptions in these studies are that the Mincer's specification of earnings model is...

The paper shows that the use of annual data pooled into a panel of several countries can be a good choice for analysing the properties of long-term economic growth. Of course, an appropriate regression specification must be considered, to account for the short-run components of such high...

The Neoclassical treatment of household labour supply assumes household members possess identical preferences. Models have emerged which assume separate utility functions for household members where the solution to resource allocation is derived from non-cooperative or bargaining games. It can...

This paper shows that currency substitution is a first-order importance in a high inflation economy like Turkey. A money-in-the-utility function model is estimated and tested using Hansen's Generalized Method of Moments procedure. The results show that elasticity of substitution between the...

This study uses a Cox-type non-nested test. The test is obtained using Monte Carlo hypothesis tests with the log likelihood ratio as the test statistic. Monte Carlo methods are used to obtain the probability of a larger value of the test statistic under the null hypothesis. The approach used...

A Tobit model is considered with a natural non-response rate. The model features simultaneous determination of the standard Tobit model and a natural non-response rate. An example on the determinants of extramarital affairs is used to illustrate the method. The natural non-response rate is shown...

This note examines the impact of socio-economic and demographic factors on the likelihood that an individual is aware of the link between being overweight and heart disease. Results indicate that nonwhites, lower educated individuals, and those with lower income are less likely to be aware of...

Based on a sample of 50441 independent UK companies of all sizes covering all sectors of the UK economy, the size distribution of companies is close to lognormal, even though the hypothesis of lognormality can be rejected statistically. A Zipf plot shows that the Pareto distribution is a poor...

This paper, seeks to test the Fuess and van den Berg (1992) hypothesis on the influence of transactions costs on the productivity growth rate for the Italian economy in the period 1951-89, taking into account the increasing size of the transactions sector.

Volatility in real exchange rates is empirically estimated here over monthly data for the period February 1988 through August 1995. Tests show the persistence of an oscillatory behaviour, where random walk prevails. Chaotic instability also cannot be ruled out in general.