This article examines the possibility of a ripple effect being present in the UK housing market using a previously unconsidered two-stage procedure. According to Drake, the ripple effect hypothesises that changes in house prices occurs earlier and more extensively in the South East of England...

Research has shown that some water utilities still have a strong preference for using “tried and true” open cut replacement techniques when rehabilitating water pipes in urban areas. Significant cost savings and reductions in carbon emissions can, however, be realised through the...

Business cycle asymmetry is examined using annual observations on GDP for 22 economies over the period 1870 to 1994. The present paper extends recent research in a number of ways. First, a non-parametric testing procedure is adopted which is robust to outliers. Second, alternative methods of...

This paper uses data from the National Longitudinal Survey of Youth to answer two questions about the effects of the Aid to Families with Dependent Children (AFDC) program: (1) Does the length of time that one receives AFDC affect the likelihood of permanently leaving AFDC? (2) What personal and...

A reappraisal of previously suggested strategies for betting on football games using results of the period 1975--1981 casts considerable doubt on the profitability of relying on the past history of games for guidance in placing bets.

The size distortion of the Dickey-Fuller (Journal of the American Statistical Association, 74, pp. 427-31, 1979) unit root test is examined in the presence of structural changes in both the level and variance of integrated time series. In contrast to previous studies, the empirically relevant...

Cook et al. (1998) have recently proposed the hypothesis of a positive relationship between the durability of consumers' expenditure and the asymmetric behaviour it exhibits. Some support was found for this hypothesis via the application of Sichel's (1993) univariate tests of business cycle...