An ever-growing literature has reported consumer bias toward national origins of products, and has explored factors that moderate such bias. Researchers have assumed, if only tacitly, that consumers are knowledgeable of brand origins, and that this knowledge is a significant influence that...

Reference price effects on consumer price perceptions are often explained by Helson's adaptation-level theory, in which the cognitive representation of reference price is the prototype of the relevant category. However, recent conceptualizations and empirical evidence suggest the possibility of...

This study investigates the long-term and short-term relationships between the US stock price index (S&P 500) and six macroeconomic variables over the period 1975:1-1999:4. We observe that the stock prices negatively relate to the long-term interest rate, but positively relate to the money...

In this paper, we estimate the net capital stock of the agricultural and industrial sectors for Japan, Korea and Taiwan in their national currencies. Based on the availability of the investment data, the net capital stocks for Japan for the two sectors are estimated from 1905 to 1940 (prewar),...

The study shed some light on the economic integration and intra-regional trade in the ASEAN countries, namely Indonesia, Malaysia, Philippines, Singapore and Thailand. Towards this goal, a gravity model is estimated for each of the five ASEAN countries based on the data from 1980 to 1995....

The study of organizational adoption of administrative innovations has been generally guided by the imitation hypothesis. This hypothesis states that, within a relevant population of firms, an innovation is first adopted by a select few innovators who communicate and influence others to adopt it...

The objectives of this paper are twofold. First, the monetary exchange rate model of Frenkel-Bilson and Dornbusch-Frankel is extended to allow for the currency substitution between two countries, i.e. the domestic residents to hold the foreign money and the foreign residents to hold the domestic...