Most of empirical modeling involves the use of Ordinary Least Squares regression where the residuals are assumed normal, independent, and identically distributed. In finite samples, these assumptions becomes critical for accurate estimations, however, in macroeconomics in particular, these...

Technological progress, human capital, and tax policies play an important role in growth. Recent models of endogenous growth based on technological progress predict that high technological progress and growth are associated with a high relative supply of skilled workers who earn constant or...

New Zealand experienced dramatic restructuring programsafter the Labor party won the national elections in 1984.Deregulation of price controls, removal of the log exportban, and privatization of public assets were the mainshocks to the forest sector. The purpose of this paper isto analyze the...