Enormous variations exist in suicide rates across countries. This paper demonstrates that a significant proportion of the cross-country variations in suicide rates can be explained by a combination of religion, culture, economic and sociological variables.

This paper examines the lifecycle model of the current account determination in Greece. Bivariate vector autoregressive (VAR) analysis indicates that the past history of the current account has information content for future changes in national cash flow. The formal strong restrictions implied...

The objective of this letter is to test the competing predictions of the Heinkel and Schwartz model, in which a higher subscription in a Common Stock Rights Offering price signals a higher quality firm, and the Myers and Majluf model in which the firm sets a low subscription price in order to...

This paper examines the relationship between the degree of state international export orientation and US state industrial growth rates. Both export orientation variables as well as domestic factors were used to analyse the extent of their effect on state industrial growth from 1977 to 1987. The...

Dynamic interactions among the real exchange rate, income and imports are modelled for Australia. Evidence of one cointegrating relationship is found among these series and base structural inferences on long-run identifying restrictions of the type proposed for vector-error correction models by...

The relationship between the macroeconomic variables and pressures for technological protectionism in the United States is analysed. A number of complaints under Section 337 of the Tariff Act 1930 are used as a measure of pressures for protectionism. The analysis, based on nonparametric tests...

The effect of welfare on labour supply is theoretically ambiguous. The effect of implicit welfare tax rates has not been precisely determined in previous studies. The effective welfare guarantee levels and tax rates estimated for each state from 1979 to 1990. Employing these newly estimated...

A GARCH (1,1)-M model of the 30-day forward rate error reveals the following: a constant, but not time varying risk premium; evidence of market inefficiencies; a well determined GARCH (1,1) effect, but no I-GARCH process. The daily time series extended from 2 January 1985 to 13 May 1994.

This paper examines whether interest rate variability leads to a decrease in the velocity of money in Italy. The hypothesis is tested using the Johansen cointegration technique and error-correction modelling. The empirical findings lend support to the Friedman hypothesis and help reconcile the...

The time series properties of mergers and acquisitions are investigated in the UK at sectoral level for the period 1971:1-1989:4. Two main sets of results emerge: (1) 1971:1-1989:4 the degree of persistence to shocks is uniformly low across sectors; (2) shocks are predominately aggregate. These...