To address the relationship between innovation and competition we jointly estimate the opportunity, production, and impact functions of innovation in a simultaneous system. Based on Swiss micro-data, we apply a 3-SLS system estimation. The findings confirm a robust inverted-U relationship, in...

This research examined the impact of the 3 May 1999 tornado on the Oklahoma City labour market. We estimated time series models that allow for time-varying variance in employment growth. The models include intervention variables designed to capture the tornado's effect at initial impact as well...

This article employs threshold cointegration and error-correction models to the default risk premium. The approach allows asymmetry in the dynamic process that has not been captured in previous studies of corporate credit spreads. The results indicate that the adjustment process is asymmetric...

Examines the lack of union activity among white-collar employees in the private sector in Mexico. Background on the country's economic growth and political stability; Information on labor movement and industrial relations; Legal status of white-collar workers; Details on the existing management...

Examination of a system of compulsory arbitration that has regulated labor relations for all public school teachers in British Columbia from 1937 through 1973. Description of the environment of labor relations in the country; Discussion of labor-management negotiations in British Columbia;...

Focuses on the National Labor Relations Act and its significance to the development of multiplant units in the United States. Factors that led to the development of multiplant units; Decision made at the General Motors; Disadvantages of the act. (Abstract copyright EBSCO.)

This article explores the role of trading volume in making out-of-sample forecasts of stock market volatility around the time of the 24 October 1929 crash. Following the recent literature on volatility forecasting, we compare the performance of symmetric and asymmetric GARCH-class models....

This research documents the time series behavior of unemployment rates for Hispanics and whites over the period of 1976-2008. In particular, we provide insight as to how Hispanics fared relative to whites by examining the unemployment rate, the unemployment rate gap, and the cyclical component...

Disparities in educational attainment exist across states. There are costs, both to the individual and society, associated with low levels of educational attainment. This research estimates the costs of high school noncompletion in terms of income loss for each state. The results suggest that:...