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Long-run PPP under the presence of near-to-unit roots: The case of the British Pound-US dollar rate
(2009)
Empirical tests typically provide evidence that the British pound-US dollar exchange rate and the relative wholesale price index contain exact unit roots and exhibit cointegration. However, the cointegrating vector is ...
Comparing the true cost of living indices of demographically different households
(2004)
The comparison of true cost of living indices between demographically different households (relative equivalence scale) is argued to be sensitive to the way demographic characteristics enter demand analysis. In particular, ...
On estimating the cost of characteristics indices from consumer demand analysis
(2003)
We examine the information content of relative equivalence scales using a multiperiod framework and argue that in the absence of Independence of Base (IB) these scales can be uniquely identified from demand analysis only ...
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 ...
Estimates of the black economy based on consumer demand approaches
(2004)
We propose a consumer demand system approach to estimating the size of the black economy where alternative hypotheses affecting the empirical results can be tested in a nested framework. This approach allows for the ...
Dynamic analysis of British demand for tourism abroad
(2000)
This paper investigates how preference endogeneity, in the form of habit persistence, can affect short-run and long-run tourism expenditure decisions. The proposed model is applied to British quarterly data over the period ...
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 ...
Peer Review vs Metric-based Assessment: Testing for Bias in the RAE Ratings of UK Economics Departments
(2011)
RAE ratings have been criticized as biased in favour of universities that are old, in England, large and represented on the panel. We investigate these accusations for the 1996 and 2001 RAE ratings of economics departments ...
Performance pay and ethnic earnings differences in Britain
(2014)
In the first British study, we show that the ethnic earnings gap amongst performance pay jobs is smaller than that amongst time rate jobs. This partially reflects sorting but persists with diminished magnitude in fixed ...
Ethnic minority immigrants and their children in Britain
(2010)
This paper investigates educational attainment and economic performance of ethnic minority immigrants and their children in Britain, in comparison to white British born. We find that ethnic minority immigrants and their ...