International Advances in Economic Research

Professional publication covering economics research worldwide.

Articles from Vol. 18, No. 4, November

An Investigation into the Positive Effect of an Educated Wife on Her Husband's Earnings: The Case of Japan in the Period between 2000 and 2003
Abstract We analyze the effect of a wife's human capital on her husband's earnings, using individual-level data for Japan in the period 2000-2003. We find a positive association between a wife's education and her husband's earnings, which can be attributed...
A Quick Method for Assessing Economic Damage Caused by Natural Disasters: An Epidemiological Approach
Abstract In the aftermath of any natural disaster, a quick assessment of economic damage is called for, without which recovery planning and fiscal budgeting is impossible. What is customarily done as damage accounting is to use some aggregation by...
Assessing the Sustainability of Romanian Pension System
JEL J10 * 050 * E62 Like all the European countries, Romania is confronted with an ageing population, driven by progress in life expectancy, low fertility and birth rates, and a ratio of the elderly-to-working age group that has already reached...
A Time-Series Investigation of the U.S. Real Health Expenditure: Evidence from Nonlinear Unit Root Tests
Abstract This paper contributes to the literature on health expenditure studies by applying the non-linear unit root tests formulated recently by Kapetanios et al. (Journal of Econometrics 112(2):359-79, 2003) to empirically test whether the U.S. real...
Contagion in Europe: Examining the PIIGS Crisis
This paper analyzes the role of contagion in the sovereign debt crisis among the countries collectively known as the PIIGS (Portugal, Ireland, Italy, Greece, and Spain). We analyze both contagion and shift-contagion (defined as a significant increase...
Determinants of Interest Rate Pass-Through for Emerging Market Economies: The Role of Financial Market Structure
Abstract It is essential for central banks to assess whether or not the pass-through from monetary policy rates to credit and deposit interest rates is complete in order to ensure price stability. In this article, we analyze interest rate pass-through...
Do Reverse Stock Splits Benefit Long-Term Shareholders?
Abstract This paper examines the market response of the reverse stock splits by using the effective date to trace the abnormal returns after reverse splits over the period of 1981 to 2010:3. The findings show that the short-term behavior of the abnormal...
Effect of SEC's Proposed Short-Term Borrowing Disclosure Regulation on U.S. Stock Prices
JEL G25 This study examines the market reaction to proposed short-term borrowing disclosure regulations and documents a positive market reaction, indicating the usefulness of the disclosure from the vantage point of investors. The 2008 financial...
Fighting against Child Labour: The Belgian Social Label Case
Fighting against child labour is an increasingly important challenge as social responsibility concerns are becoming widespread. In this note, we study the impact of the Belgian social label on this fight. If such a label may seem very interesting in...
Financial Behaviours of Family and Non-Family Firms in Belgium
The aim of this paper is to distinguish the financial behaviour adopted by family firms in comparison with non-family firms in an environment where tax regulation can influence the financing costs of equity capital. Indeed, the coming into force of...
How Do Risky Banks Finance Their Assets?
JEL G20 Our aim is to empirically analyze the moral hazard conflict between banks' stock and debt holders. For this conflict to arise in a bank, two ingredients are necessary: a decreasing capital ratio (i.e., increasing leverage) and a worsening...
Macroeconomic Policies for Slovenia in the "Great Recession"
Abstract The paper analyzes the effects of different reactions of fiscal (and to some extent monetary) policies to the Great Recession in Slovenia. We use the model SLOPOL8.1, an econometric model of the Slovenian economy, to simulate the effects of...
Support of State and Local Finance under Persistent Federal Deficits
Abstract The United States' federal government subsidizes local public finance through grants. Given projected U.S. deficits, this may prove untenable. Further, a broader range of policy instruments may offer more effective support of local governments....
The Eurozone Sovereign Debt Problem: What It Means for U.S. Exports
Abstract The European sovereign debt problem became the focus of world attention in 2010, when the interest rates on Greek government bonds rose dramatically, requiring immediate action by the European Union to avoid an imminent default. It has become...
Using an Intelligence Driven System as an Alternative Approach to Data Analysis
Using an intelligent system as an alternative technique to perform data analysis presents the possibility of improving the quality of decision-making. Decision-makers have traditionally turned to the emerging paradigm of artificial intelligence (AI)...