International Advances in Economic Research

Professional publication covering economics research worldwide.

Articles from Vol. 7, No. 1, February

Activity-Based Costing Methodology for Third-Party Logistics Companies
CARLES GRIFUL-MIQUELA [*] This paper will analyze the main costs that third-party logistics companies are facing and develops an activity-based costing methodology useful for this kind of company. It will examine the most important activities carried...
An Analysis of Accounting Measures on the Performance of U.S. International Corporations
ALAN REINSTEIN [*] Accounting measures (earnings and cash flow) have been shown to affect market performance (stock price) in U. S. firms operating domestically. In general, earnings have statistically significant explanatory power of stock price...
Dynamic Forecasting of Monetary Exchange Rate Models: Evidence from Cointegration
JAE-KWANG HWANG [*] The Frenkel-Bilson and Dornbusch-Frankel monetary exchange rate models are used to estimate the out-of-sample forecasting performance for the U.S. dollar/Canadian dollar exchange rate. By using Johansen's multivariate cointegration,...
Exchange Rate Uncertainty and Play Nonlinearity in Aggregate Employment
MATTHIAS GOCKE [*] In a microeconomic model, a band of inaction due to hiring and firing costs is widened by option-value effects of exchange rate uncertainty. Applying an adequate aggregation approach, uncertainty leads to intervals of a weak response...
Price Differentials in a Homogenous Product Market: The Case of Water
DAVID W. YOSKOWITZ [*] This paper examines the existing price differentials for raw water along the Rio Grande. An extremely active spot market for this good, more than 926 transactions have been made over a five-year time period. Statistical analysis...
Scientific Policy and Free Riders
OSCAR ALFRANCA [*] This paper presents econometric evidence of the effects of knowledge capital and institutions on technology transfer funding. A model is proposed and fitted for 31 research units on agricultural, forestry, and food sciences in...
SLOPOL1: A Macroeconomic Model for Slovenia
REINHARD NECK [*] This paper presents the specification and estimation of SLOPOL1 (Slovenian Economic Policy Model, Version 1), a macroeconometric model for Slovenia. Since Slovenia became an independent state in 1991, the available time series...
Tariff Rate Quotas and the Economic Impact of Agricultural Trade Liberalization in the World Trade Organization
CHRISTINA MONNICH [*] Since their implementation at the Uruguay Round, tariff rate quotas (TRQs) have become a widely used instrument of trade policy in agricultural trade. With almost 1,300 TRQs scheduled at the World Trade Organization, this paper...
The Effect of Ceded Reinsurance on Solvency of Primary Insurers
YUEYUN CHEN [*] ISKANDAR S. HAMWI [**] TIM HUDSON [**] Primary insurance companies diversify their underwriting risk and thus improve their financial stability through buying reinsurance contracts. However, excessive use of reinsurance by...
The Impact of Electronic Commerce on Small and Midsized Spanish Companies
PALOMA BILBAO CALABUIG [*] Electronic commerce (EC) is not new for some European Union countries, but in others, such as Spain, it is only at the developmental stage. Now that Spain has joined the third phase of the economic and monetary union,...
The Impact of NAFTA on California Exports
JAMES L. DOTT [*] This study conducts an examination of the North American Free Trade Agreement's (NAFTA) impact on California's export levels to Mexico and Canada while holding constant other variables that explain a state's exports to other nations,...
The Role and Impact of Monetary Policy in CEFTA Countries
ANTONIN RUSEK [*] An effective monetary policy requires a stable relationship between the money stock and macroeconomic variables such as output, price level, interest rates, and exchange rates. A dynamism of structural changes in transition economies...
Why Governments Sell Public Firms: The Spanish Case
JOAQUIM VERGES [*] This paper compares the goals that the successive Spanish governments have actually pursued (as deduced from the set of privatizations carried out over the last fifteen years) with the standard hypotheses used in economic literature...