Browsing Τμήμα Οικονομικών / Department of Economics by Type "Article"
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Accounting standards convergence dynamics: International evidence from club convergence and clustering
(2014)Purpose - This paper aims to explore convergence of accounting standards across worldwide adopted measures to investigate whether countries that have not completely adopted International Accounting Standards across the ...
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Age effects on consumer demand: An additive partially linear regression model
(2002)An additive partially linear regression model is used to estimate non-parametrically the effects of total expenditure and age in the context of Engel curves and to investigate the specification and welfare interpretation ...
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An alternative asymptotic analysis of residual-based statistics
(2012)This paper presents an alternative method to derive the limiting distribution of residual-based statistics. Our method does not impose an explicit assumption of (asymptotic) smoothness of the statistic of interest with ...
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Are any growth theories robust?
(2008)This article investigates the strength of empirical evidence for various growth theories when there is model uncertainty with respect to the correct growth model. Using model averaging methods, we find little evidence that ...
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Are bureaucrats efficient? An application to the provision of AFDC
(1996)The question on how bureaucrats behave in the provision of a public service has been the subject of a considerable amount of research, most of which has been largely theoretical and inconclusive, especially on the issue ...
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Are Reemployment Services Effective? Experimental Evidence from the Great Recession
(2018)We examine an experimental-design reemployment program implemented in Nevada during the Great Recession that required Unemployment Insurance (UI) recipients to: (1) undergo an eligibility review to confirm they were qualified ...
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Asymmetric Tax Policy Responses in Large Economies With Cross-Border Pollution
(2014)We build a model of cross-border pollution between two large open economies, one importing the polluting good and the other exporting it, and derive their non-cooperative trade and environmental tax policies. We show among ...
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The bargaining set in strategic market games
(2011)This paper presents a hybrid equilibrium notion that blends together the 'cooperative' and the 'noncooperative' theories of competition. In particular, the Mas-Colell bargaining set has been modified in order to accommodate ...
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Barriers to price convergence
(Wiley, 2018)This paper uncovers novel empirical patterns in the cross-country price mechanism using a nonlinear factor model and threshold regression analysis based on individual goods retail price data for a large panel of countries. ...
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The behaviour of stock returns and interest rates over the business cycle in the US and UK
(2001)The paper studies the dynamic behaviour of the conditional mean and volatility of weekly financial variables in relation to the business cycle for the USA and UK economies. The mean US S&P stock returns steadily increases ...
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The Bierens test for certain nonstationary models
(2010)We adapt the Bierens (1990) test to the I-regular models of Park and Phillips (2001). Bierens (1990) defines the test hypothesis in terms of a conditional moment condition. Under the null hypothesis, the moment condition ...
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Book value: Intertemporal pricing and quality discrimination in the US market for books
(2002)Publishers produce books in hardcover and paperback versions with different prices and time of market introduction. Analysis of detailed book-level data reveals that (i) price-cost differentials cannot be explained by cost ...
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Border Tax Adjustments and Tariff-Tax Reforms with Consumption Pollution
(2019)We develop a model of a small open economy, where pollution per unit of consumption between domestically produced and imported quantities of the same good differs. We show that the first-best policy combination calls for ...