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Abstract The goal of this research paper is to analyze the households' environmental impact in a regional economy such as Aragon, focusing on water consumption, and water and atmosphere pollution. [...]

Abstract This paper examines the relationship between casino gambling and bankruptcy rates in U.S. counties using a panel of U.S. county-level data from 1990 through 2005. We contribute to the [...]

Abstract This paper provides a critical evaluation of the role and validity of indices used to measure national competitiveness. It examines the growth in the number and range of such [...]

Abstract In this paper we analyze per capita incomes of the G7 countries using the common cycles test developed by Vahid and Engle (Journal of Applied Econometrics, 8:341-360, 1993) and [...]

This paper investigates the foreign direct investment (FDI) attractiveness for Greece as a host country compared with the rest of the EU countries. The main objective of this work is to identify the factors that improved or worsened Greece's attractiveness during the last few years. An econometric model and a comparative index of FDI attractiveness have been constructed in order to identify the differences in the attractiveness of the countries. The results obtained prove that during the last few years Greece's attractiveness as a host country for FDI has not only improved, but it also has a downward trend. The factors identified as crucial for the low FDI attractiveness in Greece are inefficient public governance, high taxation, inefficient infrastructure, and general macroeconomic conditions. Keywords FDI * Greece JEL Classification F10 * F30 * O50, Introduction During the last decades, the global foreign direct investment (FDI) inflows have increased substantially from $25 bn in 1973 to $1,271 bn in 2000, (UNCTAD 2003). The competition among [...]

Abstract A 'micro-micro' consumer problem of gasoline purchases is examined using daily price data. Comparing the optimizing consumer with one who buys gasoline at random, the paper finds optimizers save [...]

Abstract This paper investigates to what extent the observed nonlinearities in the unemployment rates of six major developed economies are the response to cyclical asymmetries. Two classes of models are [...]

Abstract This paper examines jobs in the information society and the new economy, taking as its focus the call center industry. More specifically, the study analyzes the degree of variability [...]

Abstract This paper analyzes the initial public offering (IPO) underpricing phenomenon in Portugal. We show that the 'hot issue' market of 1987, coinciding with a speculative bubble in the stock [...]

Abstract The paper examines empirically the linkages between international integration and economic growth in a panel of 47 developing countries and 18 trade blocs over the period 1970-1989. Specifically, it [...]

Abstract This paper describes the changes in the employment choices of prime working-age women from 1967 to 2003. A neoclassical labor market participation model is presented and applied to data [...]

Abstract This paper uses the stochastic approach to convergence to investigate whether real per capita GDP in Portugal has been converging to the EU15 average. The estimation accounts for conditional [...]

Abstract The research presented in the paper is aimed at examining the relationship between the level of corporate governance and the financial performance of listed companies in Poland. The corporate [...]

Abstract This paper examines the effect of price per call minute on international telecommunications demand for calls made from Greece to five destination countries: Australia, the USA, Canada, the UK, [...]

Abstract The aim of the paper is to discuss the application of classification functions and artificial neural networks (such as multilayer perceptron and radial basis function) to recognize the risk [...]

Abstract The aim of this paper is to investigate risky-prices sensitivity to interest rate changes in the Spanish market and to see if sensitivity is lower than public debt. To [...]

Utilizing bond data for U.S. non-financial corporations, this study finds a relationship between liquid assets and default premia. The paper argues that this can be explained by endogenous adjustments in [...]

JEL E20.O40 Growth dynamics differ within the EU as knowledge-based economy (KBE) type investments vary in its member-states. This paper provides new evidence on the effects of the KBE on [...]

Keywords Business in China * Market reforms * Unfree economy JEL F01 * F14 * F20 * O10 * O57 ********** The paper examines the elements contributing to China's reform, [...]

This paper assesses and estimates the direct and indirect effects of oil price shocks on the real economic activity and inflation. The overall purpose is to clearly exemplify the dilemma [...]

In this paper, a hybrid system combining neural networks and genetic training is designed to determine the degree of pass-through between five international equity markets. Using weekly data for the [...]

This paper sets stockmarket fluctuations side by side with monetary policy applications. The concurrent market fluctuations and monetary policy actions of the Federal Reserve Bank are set on time lines [...]

This paper presents preliminary evidence that granting banks permission to establish de novo interstate branches may have resulted in increases in the concentration of local banking markets. By allowing the [...]

Abstract Despite recurrent evaluations on USDA price forecasts, the performance of USDA price estimates has not previously been examined in publication. To fill the void in research to this important [...]

Abstract In the African continent, several regional initiatives have been launched or executed. These gave rise to several groupings including COMESA consisting of 19 countries, ECOWAS (15 countries), ECCAS (10 [...]

Abstract This ecological study identifies factors that affect the percentage of a state's population without health insurance. Even with the Medicaid program, over 15% of the US population is without [...]

Abstract The impact of immigration on the change in the unemployment rate in the Netherlands is analyzed using panel data from 26 labor market regions from 1996 through 2003. This [...]

Abstract The specification of the linear long-run relationship among money, income and the opportunity cost of holding money has been a popular study in economic literature. In the specific case [...]

Abstract This study examines the affect of IMF-induced structural adjustment programs on several key indicators regarding the status of women in Ecuador. In particular, we focus on the evolution of [...]

Abstract In the field of territorial economic growth, it is possible to identify important characteristics in the entrepreneurial structure, such as the structure of the size of firms, main activity [...]

Abstract The idea that changes in Supreme Court decision rules should have measurable effects on the volume of cases litigated has a compelling plausibility, and several models of litigation predict [...]

Abstract This study uses state-level data to identify key factors influencing geographic differentials in the percentage of the population without health insurance coverage, with particular emphasis placed on the impact [...]

Abstract Financial prices and returns have been the subject of empirical and theoretical analysis for many years, and their dynamic properties and other characteristics are still of interest. Many different [...]

Abstract News reports of the potential consolidation of financial markets in Europe and the United States invite an analysis of the economic impact of such mergers. Yet, most scholarly discussion [...]

Abstract Prior studies examine the incremental information content of U.S. generally accepted accounting principles (GAAP) reconciliation of U.S. listed foreign firms and find mixed results. One of the main methodological [...]

Abstract Two projects on innovation were developed in the 1990s under the scope of a Portuguese university research center: the Industry/Innovation project (INDINOVA) (1989-1991) and the System for the Observation [...]

Abstract Modern economic growth theory has emphasized on the human capital effects on economic growth. In this case, the externalities from a better education could enhance economic growth process and [...]

Abstract The study examines main determinants of financial distress of companies in Poland during the recent transformation period. Data compose a sample of 1995-97 annual financial statements of 200 unlisted [...]

Abstract One of the major long-run problems facing the economies in transition is whether their productive potential will achieve the average per capita levels typical of the EU member countries [...]

During the last 30 years, financial reporting faced the shifting of measurement bases from the traditional concept of historical costs towards a fair value concept. This research follows the path [...]

JEL E00 * O10 * O57 ********** Empirical evidence suggests that there has been a divergence over time in income distributions across countries and within countries. There is strong evidence [...]

JEL Classification J21 ********** Overemployment occurs when there are workers who are willing but unable to reduce their hours of work at their current or a comparable job, even if [...]

Most developing countries borrow in world capital markets. Typically this borrowing is denominated in one of the major currencies and requires periodic servicing. The foreign exchange required to meet the [...]

Rowthorn (Unemployment, Wage Bargaining, and the Capital-Labor Substitution, Cambridge Journal of Economics, 1999, pp. 413-25) has shown that if the elasticity of substitution between labor and capital is less than [...]