This paper tests for the martingale hypothesis in the stock prices of a group of Asian markets. We use new multiple variance ratio tests based on the wild bootstrap and signs. These are non-parametric finite sample tests, which do not rely on large sample theories for statistical inference. This...

This paper provides strong evidence of time-varying return predictability of the Dow Jones Industrial Average index from 1900 to 2009. Return predictability is found to be driven by changing market conditions, consistent with the implication of the adaptive markets hypothesis. During market...

This paper contributes to the debate over immigrant 'quality' by examining whether or not a double-negative effect on the earnings of female immigrants exists in Canada. Contrary to popular belief, this study observes that labour market adjustments occur at a faster rate for female immigrants...