This study seeks to identify the key factors that influence the inflation rate of health care services. The time series analysis covers the period from 1960-1994. The results provide insights into both demand-side and supply-side determinants of this inflation rate. The health care inflation...

For the period 2008-2009 of the “Great Recession,” the gross state-level in-migration rate was an increasing function of expected per capita personal income, state parks per capita, and warmer January temperatures. For the same study period, the gross in-migration rate was a decreasing...

This study adopts state-level data to empirically investigate the Tiebout hypothesis (as extended by Tullock) of “voting with one’s feet” for the period referred to in the U.S. as the “Great Recession” (2007-2009). As compared to previous studies, we use more recent data and provide...

Many states have experienced a large influx of undocumented migrants in recent years. This has created new demands on higher educational systems at the state level. Some states have passed legislation to restrict the access of undocumented migrants to higher public education whereas others...

This study extends the literature on relative price dispersion by addressing two questions that have remained largely unanswered: (a) What is the impact on relative price dispersion of the variance of the uncertain relationship between money and prices? (b) Is there evidence across industries of...

This paper examines the impact of investments in modernization and innovation on productivity in a sample of firms in the global pulp and paper industry. This industry is important because it has traditionally accounted for significant amounts of employment and capital investment in North...

Based on 2001 Canadian Census data, we investigate the return to investment in human capital in Canada. Internal rates of return (IRR) imply that the value of education varies by gender, level of education, and field of study. A bachelor's degree yields the highest IRR; the IRR from higher...

This study investigates whether federal government budget deficits in the U.S. over the 1990-99 time period acted to crowd out private investment in new plant and equipment. Using quarterly data, empirical estimations clearly indicate that private investment was in fact negatively impacted by...

This study visits the role of shareholder proposals in the governance of public corporations by studying withdrawn shareholder proposals. Among all shareholders, unions are the most likely to withdraw proposals. Furthermore, firms with a record of poor performance, lower insider ownership and...