International Advances in Economic Research

Professional publication covering economics research worldwide.

Articles from Vol. 14, No. 1, February

Demand for Money in Transition: Evidence from China's Disinflation
Introduction Since the mid-1990s, the People's Bank of China (PBoC) has emphasized the role of money growth and credit targets in its formulation of monetary policy. A prerequisite for a meaningful monitoring or targeting of monetary aggregates...
Does the Law of One Price Hold within the EU? A Panel Analysis
Introduction According to the law of one price (LOOP), identical goods sold at different geographical locations should sell for the same price when prices are expressed in the same currency. The law is based on the assumption that price differences...
Examining Threats to the Economic Aspects of Globalization
Based on scholarship in economics and related fields and analysis of current events, this paper examined international economic institutions, shifting US priorities and natural-resources diplomacy as key elements in the shift away from economic globalization....
FDI Attractiveness in Greece
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 countries for the attractiveness of FDI has also...
Forecasting Irregularly Spaced UHF Financial Data: Realized Volatility vs UHF-GARCH Models
Introduction The recent implementation of electronic order-matching systems on financial markets has entailed increasing numbers and frequencies of trades. While data on prices and volumes were registered daily two decades ago, transactions (and...
Improving Public High Schools: Evidence from New York
Background In recent years, state courts around the US (e.g., Arkansas, Idaho, Kansas, Massachusetts, Montana, New York, North Carolina, and Texas) have ruled that the standard reliance on local taxes for financing local public schools violates...
Macroeconomic Consequences of the Adoption of the Euro: The Case of Slovenia
Introduction 1 January 2007, Slovenia started to replace its currency, the Slovene tolar, by the common European currency euro. Slovenia was the first of the ten states joining the European Union (EU) in May 2004 to enter the Euro Area (cf. Hochreiter...
Modelling Exogenous Variables in Human Capital Formation through a Heteroscedastic Stochastic Frontier
Introduction In the stochastic production frontier approach, the output of each production unit is bounded above by a frontier that is stochastic in the sense that its placement is allowed to vary randomly across production units. From an economic...
Openness and the Efficiency of FDI: A Panel Stochastic Production Frontier Study
Introduction In the past 30 years, we have witnessed worldwide trade liberalization, globalization of commerce and integration of a diverse set of economies. Open economies interact with one another in global product and capital markets. A country's...
Pass-Through Analysis under a Pegged, Managed and Flexible Rate System: The Case of Egypt
Faced with mounting pressure from both internal and external sources to ease regulation and reduce controls, the Egyptian government adopted numerous policy reforms aimed at freeing market operations in an effort to generate increased economic growth...
The Impossible Split? A Study of the Creation of a Market Actor
An Actor in Need of Re-configuration During the last fifteen years, several studies have focused on public sector management models called New Public Management (NPM). The term, however, has no clear definition. NPM may be broadly defined as a movement...
The Moderator Effect of Communication in Marketing Channels of Distribution; the Case of Car's Industry in Canada
Introduction At this point in time when an important turning point is emerging in the relationship between manufacturers and dealers, we note the increasing power of negotiation of the latter, vis-a-vis the manufacturers. There is a tendency for...