In this note, we provide the application of HCCME-type refinements to nonlinear GMM models with Bayesian interpretations.

In this article we survey military spending, the evolution of national defense policy, and the role that defense spending played in economic activities in Taiwan from 1952 to 2009. With the ongoing cross-Strait dialogue and closer commercial ties between Taiwan and China, the share of military...

Horrace and Oaxaca (2001) treat the regressors in gender wage gap by industry measures as non-stochastic when computing the corresponding standard errors. However, the non-stochastic regressors assumption is thought to be inappropriate in modern econometrics. In this paper, we derive the correct...

The relationship between military spending and economic inequality is not well documented within the empirical literature, while numerous studies have uncovered the linkages between military spending and other macroeconomic variables, such as economic growth, unemployment, purchasing power...

This article examines the relationship between defense and social welfare expenditures using a panel of 29 OECD countries from 1988 to 2005. It is quite difficult to take into account the simultaneous channels empirically through which the eventual allocation of defense and welfare spending is...

The relationship between military spending and economic inequality is not well documented within the empirical literature, while numerous studies have uncovered the linkages between military spending and other macroeconomic variables, such as economic growth, unemployment, purchasing power...

In modeling the foreign direct investment (FDI) behavior of firms, existing studies tend to classify multinational enterprises’ (MNEs) production activities into two broad strategies, namely, standard vertical integration and horizontal integration. In practice, the production behavior of...

This paper takes advantage of the Taiwan Education Panel Survey data set to empirically evaluate whether a student's academic performance, measured by his or her test score, is affected by the body weight status of the student. We show that a student's weight status has no impact on his or her...

Horrace and Oaxaca (2001) treat the regressors in gender wage gap by industry measures as non-stochastic when computing the corresponding standard errors. However, the non-stochastic regressors assumption is thought to be inappropriate in modern econometrics. In this paper, we derive the correct...