An empirical estimate of the degree of international capital mobility in Thailand is given. A model of interest rate determination which allows for imperfectly mobile capital and the impact of both domestic and international influences on the domestic rate is developed and estimated using...

Maximum likelihood procedures for estimating market share models break down or produce very unstable estimates when the number of brands is large as compared with the number of observations. The reason behind this phenomenon is that the estimate of the contemporaneous covariance matrix of the...

In this paper we extend the analysis of earlier investigations into the relationship between patterns of corporate growth and the announcement of new financing (see for example, Pilotte 1992; Burton et al., 1993) by examining the growth in turnover and earnings achieved by equity and debt-issuing...

This paper re-examines the relationship between money and other macroeconomic variables in mainland China. The results of a four-variable VAR analysis are indicative of a bi-directional causality between narrow money supply and real income. However, contrary to most research work in this area,...

The logit regression model is generally used as a method for estimating relationships in which the dependent variable is binary in nature, though it is also useful for estimation when the dependent variable is continuous but bounded on the unit intervals. Logit parameter estimates in this case...

The way in which small firms formulate their short-term employment forecasts is examined. Survey evidence based on the experience of some recently formed small businesses located in the North of England is used to test two models of forecast formation. The empirical results suggest that small...

This note provides the proof for the identifying conditions necessary to estimate the demographic parameters of the Barten-Gorman model. They are normalizations derived from the homogeneity property of the cost function that do not alter its theoretical admissibility.

Research is scanty on pharmaceutical care expenditures of developed nations. This paper models the determinants of state-level prescription drug expenditures for the USA, based on pooled data for 1980, 1982, 1984, 1988 and 1990. The GLS regression results indicate that older adults age 65 or...

It has been shown that the more uneven the initial distribution of income, the less an economy is expected to grow. Employing so-called Extreme Bounds Analysis (EBA), it is found that the direct effect of income distribution on growth is fragile. This applies to both democracies and...

Tests for unit roots and cointegration have been extended to enable tests for seasonal units and more importantly tests for seasonal cointegration between series with common seasonals. To this end seasonal unit root tests are applied to unadjusted New Zealand GDP data and its disaggregated...