The authors of this article review the late E. Lynn Turgeon's contributions to economics, including his studies of the Soviet economy, use of qualitative and demographic analyses, his Keynesian critique of U.S. economic performance, and his critique of international financial markets. Turgeon's...

Daily price movements of seventeen commodities are tested for the possible presence of nonlinear speculative bubbles during 1991-2012. A VAR model for logarithmic first differences of each is estimated with one-year Treasury bill rates, U.S. dollar value, a world stock market index, and an...

Daily price movements of seventeen commodities are tested for the possible presence of nonlinear speculative bubbles during 1991-2012. A VAR model for logarithmic first differences of each is estimated with one-year Treasury bill rates, U.S. dollar value, a world stock market index, and an...

A time series of the Shanghai stock index in China for the 1990s is studied for the possible existence of nonlinear speculative bubbles. Three alternative specifications of fundamentals are estimated using VAR models of domestic and international variables. These are subjected to regime...

Large increases in unofficial economies in many transition economies arise from a dynamic interaction with rising income inequality and public sector changes in a multiple equilibria system. Returns to unofficial activity are first increasing and then decreasing, implying two distinct stable...

The economic transition from planned command socialism to market capitalism has been unpredictable and complicated with a variety of divergent paths and outcomes emerging from the breakup and collapse of the former Soviet-led Council for Mutual Economic Assistance (CMEA) bloc. Although social,...