In the measurement of inequality, adjustments for differences across households in their demographic composition and in the price regimes they face are usually very simple. Often, nominal income is adjusted with an income-independent price deflator and a price-independent equivalence scale. I...

The first section of this article attempts to trace themove away from traditional financially based performance measures to broader based performance criteria. The second section then considers some of the more recent empirical evidence about the use of such measures and its inherent problems....

In this paper, we review studies that have evaluated the quality of retrospective data collected in the 1976-77 and 1988 Malaysian Family Life Surveys. The evaluations considered the internal consistency of the data, expected relationships between variables, comparisons with external...

This paper looks at the notion of a NAIRU (non-accelerating inflation rateof unemployment) and asks whether it continues to stand up to rigorous analysis in terms of both its theoretical underpinnings or of its empirical applicability.

Weights in the Toronto Stock Exchange 300 index are determined by the market values of the included stocks' public floats. In November 1996, the exchange implemented a previously announced revision of its definition of the public float. This revision, which increased the floats and the index...

This paper presents an overview of the economics that lies behind social interaction models and briefly discusses the empirical approaches to social interactions. We present a simple model with local interactions, similar to Glaeser, Sacerdote and Scheinkman (1996) but using aa continuous action...

The purpose of this paper is to evaluate comparability of Australian and Korean accounting data in their predictive power and usefulness in business failure prediction models. To this end, the predictive ability of total 52 individual financial ratios is assessed for the sample from each...

The purpose of this paper is to evaluate comparability of Australian and Korean accounting data in their predictive power and usefulness in business failure prediction models. To this end, the predictive ability of total 52 individual financial ratios is assessed for the sample from each...

The objective of this paper is to develop an index of economic weel-being for Canada for the period 1971 to 1997 using a framework originally laid out by Osberg (1985). Although the economic well-being of a society depends on the level of average consumption flows, aggregate accumulation of...

The use of leading indicators to predict turning points in key ouput economic indicators is well-known. Recent work has shown that momentum indicators are an improvement on standard indicators. This paper analyses the likely performance of the momentum of the gap between long- and short-term...