This paper proposes finite-sample procedures for testing the SURE specification in multi-equation regression models, i.e. whether the disturbances in different equations are contemporaneously uncorrelated or not. We apply the technique of Monte Carlo (MC) tests [Dwass (1957), Barnard (1963)] to...

Ce Texte Est un Compte-Rendu de 'Melanges Economiques. Essais En L'honneur de Malinvaud.'

Modern business cycle theory involves developing models that explain stylized facts. For this strategy to be successful, these facts should be well established. In this paper, we focus on the stylized facts of international business cycles. We use the generalized method of moments and quarterly...

We Provide a Primarily Qualitative Summary of a Selected Number of Results Obtained for the Province of Quebec with the "Drag" Model of the "Demand for Road Use, Accidents and Their Gravity". the Selection Made on the Basis of Potential Interest for the Establishment of Responsibility for Road...

The Main Purpose of This Paper Is to Make Available an Algorithm to Perform Boolean Set Operations on Nonconvex Polygons. Along the Way the Representation of Polygons by Oriented Boundaries and Vertex Sets Is Discussed. It Is Found That the Logical Core of the Method Is Simple Due to a...

This paper examines the effectiveness of CFA franc devaluation in Benin. Our results show that the nominal devaluation generate a real exchange depreciation, thanks to strict anti-inflation measures implemented.

Dans Ce Travail, Nous Etudions la Statique Comparative D'un Equilibre a Offre Contrainte (Van Der Laan (1980), Kurz (1982), Dehez et Dreze (1984) Dans un Contexte Temporaire (Grandmont (1983)) En Vue D'expliciter. (1) les Consequences D'une Politique Macroeconomique Sur les Producteurs et les...

The Theory and Evidence Presented Here Suggest That the Distribution of Earnings, Within Enterprises, Is Subject to Modification Through Social Processes At the Workplace. a Wide Variety of Phenomena: Uniform Hourly Wages, Ceilings on Output, the Emergence of Cliques, the Reactin to Wage...