Within the Stolper-Samuelson (SS) framework, a vast empirical literature has developed around the issue of determining the shift in the labour market fundamentals. These studies suffer a host of shortcomings. In an attempt to transcend those shortcomings, this paper analyses the short and long...

Within the Stolper-Samuelson (SS) framework, a vast empirical literature has developed around the issue of determining the shift in the labour market fundamentals. These studies suffer a host of shortcomings. In an attempt to transcend those shortcomings, this paper analyses the short and long...

This paper proposes a new class of GMM estimators to increase the effciency of the coeffcient estimate relative to the ordinary least squares (OLS) estimator when all the error term and regressors having nonparametric autocorrelation. This class of GMM estimators are built on the moments...

Kelly (1992) has recently shown that evidence on convergence cannot be taken as evidence against endogenous growth in general. This study uses a well-known class of stochastic growth models to show other dicul- ties with traditional empirical studies of convergence. Key parameters typically...

Full-text of this article is not available in this e-prints service. This article was originally published following peer-review in Ironmaking & Steelmaking, published by and copyright Maney Publishing.

This thesis tests for seasonal anornalies and daily predictability on the UK stock market and investigates how mispricing caused by the bid-ask spread, known as the 'touch' and nonsynchronous trading in portfolio returns may explain these anomalies. By using constructed portfolios within a...

Linear regression analysis has long been used to estimate the parameters of various types of times series (TS) models. In some cases, the application of traditional regression-based techniques to TS data does not produce the optimal values of the parameters being estimated. The nonlinear...