Two questions in particular will be addressed. First, can earlier results for specific industries that suggest a positive relation between quality and capital-labour ratios of exporting countries be generalized to other industries? Second, what type of capital, physical or human, is most...

Structural vector autoregressive (SVAR) techniques are used to identify the sources of fluctuations in nominal and real exchange rates of the Greek drachma. The results indicate that, in most cases, supply shocks are the dominant sources of exchange rate volatility.

This review illustrates how a variety of economic models can be applied to suicidal behaviour, including a cost-benefit analysis, a demand-supply model, a labour force participation analogy, signalling game theory, investment under uncertainty, and economic definitions of irrationality.

The characteristics of tariff rates in the United States and five major European countries are revealed, based on the unit root tests acknowledging structural breaks. Finding structural breakpoints endogenously, it is shown that the crash type tariff rate level breaks can be found in the tariff...

The critical concentration hypothesis that there exists a threshold level of concentration which separates industries into two regimes in terms of profits has been tested empirically using the single-equation approach, ignoring the simultaneity involved in the determination of profits across...

In this paper the effect of failed mergers on the profitability of the bidder and the target is investigated. It is demonstrated that when firms produce differentiated products in Bertrand competition, the post-rejection expected profitability of both firms is adversely affected by the...

The current study seeks to re-examine a possible long-run dynamic relationship between the trade-weighted real exchange rate of US dollar and US real trade balance by using the well-known cointegration methodology. The sample period includes observations from the second quarter of 1973 through...

An important reason for the disappointing effects of the financial reform programmes, as part of the structural adjustment programmes in sub-Saharan Africa, stems from the strong focus of the adjustment programmes on the formal banking sector. A financial reform programme which does not...

The Canadian oil industry has been the subject of several debates with respect to charges of transfer pricing. On the basis of a large data set, which includes all oil shipments into the US and Canada from 1974-84, the first direct test of manipulative transfer pricing, based on actual company...

The mean variance efficiency (MVE) of a portfolio of international bonds and equities is tested using a CAPM model of excess returns. The conditional variances and covariances of the portfolio returns are allowed to time-vary according to shocks in up to three global macro-economic variables...