This study revisits Lilien’s sectoral shifts hypothesis for the US. We employ quantile regression estimation in order to investigate the asymmetric nature of the relationship between sectoral employment and unemployment. Significant asymmetries emerge. Lilien’s dispersion index is...

This paper analyzes the influence of successive crises, including the recent European sovereign debt crisis, on banks’ equity returns for 11 countries. Our data span the period December 14th 2007-March 8th 2013 that encompasses different episodes of economic and financial turmoil since the...

This article aims to evaluate the existing relationship between the various macroeconomic variables in Romania, more precisely, between the exchange rate RON/EUR and the inflation rate as recorded for the year 2013. In order to hit this target, the macroeconomic model of regression has been...

New information communication technology is a good opportunity to exchange information and to get feedback from customers shortening the traditional channel of social relationships. In different countries over the time there has been a significant growth of social interactions by social networks...

We analyze the factors that affect security issuance and its impacts on the volatility of stock returns before and after the issuance under heterogeneous beliefs and short sale constraints using the issuing sample of convertible bonds, corporate bonds and stocks in China?s security market during...

Bus system performance varies from city to city, and experience clearly indicates that simply increasing the size of bus fleet cannot always improve bus system performance. It is therefore necessary to identify the major variables of bus system performance in different cities and implement a...

In Malaysia, transformation of economic structure from agricultural sector to manufacturing and services sector has led to urbanization process in which individual migrates from rural to urban areas for better jobs opportunity and higher wages. This inclination of movement has led to a reduction...