International Advances in Economic Research

Professional publication covering economics research worldwide.

Articles from Vol. 7, No. 4, November

An Empirical Analysis of Assortative Mating in India and the U.S
PAREENA G. LAWRENCE (*) This paper uses a conditional logit model to analyze empirically how individuals sort themselves through marriage into households in India and the US. The results support positive assortative mating of spouses with respect...
Central Bank Intervention and Foreign Exchange Volatility
TONY CAPORALE (*) This paper provides additional empirical evidence on the topic of the effectiveness and the impact of Federal Reserve intervention on U.S. exchange rates. Using a daily measure of exchange rate intervention in the yen/dollar and...
Charitable Contributions and Tax Price Elasticities for Nonitemizing Taxpayers
DAVID H. EATON (*) This paper uses a balanced panel of taxpayers to examine the price and income elasticities for charitable contributions for nonitemizing taxpayers. One-way and two-way static fixed effects models are used to estimate these elasticities....
Educational Choice, Wage Determination, and Rates of Return to Education in Taiwan
CHEN-YENG CHAO (*) This paper estimates educational choice, wage determination, and the rate of return to education in Taiwan using Taiwan's Manpower Utilization Survey data of 1996. As education investment is a self-selection process, this paper...
Intraindustry Trade in Intermediate Goods
TEIT LUTHJE (*) Since intermediate goods play such a vital role in foreign trade, this paper develops a model that explains the benefits from intraindustry trade in differentiated intermediate goods. In comparison with a situation of autarchy, this...
Keynes' Theory of Money and His Attack on the Classical Model
L. E. JOHNSON (*) ROBERT LEY (*) THOMAS CATE (**) This paper centers on Keynes' theory of money and his attack on the classical model. Keynes criticized the self-correcting model of the British orthodoxy along two separate lines. In the first,...
Nontourism Services in Barbados: 1970-97
DARRIN DOWNES (*) This paper initially refers to some of the classifications of services used by various authors, followed by the components that comprise nontourism services in Barbados and their linkages to the other sectors of the Barbados economy....
Politicians, Deficits, and Monetary Policy in the U.S. Revisited
RICHARD J. CEBULA (*) This paper reconsiders the evidence regarding the existence of executive and congressional influences on monetary policy in the U.S. Results regarding the source of the federal deficit (cyclical or structural) provide evidence...
Short-Run Maquiladora Employment Dynamics
DAVID A. SCHAUER (*) The Ciudad Juarez maquiladora sector has grown enormously during the last three decades. To examine whether the trends underlying this remarkable performance are quantifiable, this paper analyzes the short-term time series characteristics...
The World Came Together
The tragic events of September 11, 2001 have deeply impacted all of us. Many of us knew people who lost their lives on that dark day in American history. All of us have been touched by the horrific acts that led to such a profound loss of life. Words...
Unemployment Insurance, Moral Hazard, and Economic Growth
ROBERT E. WRIGHT (*) It is important but difficult to distinguish between desirable and undesirable effects of unemployment insurance (UI) that are observationally equivalent when designing optimal UI schemes. For example, a UI-induced rise in the...