One has to accept that price linkage is a reasonable way to address the issue of market performance within the supply chain and then to accept the argument that market power and associated activities ...influence price transmission. Given that premise, it is clear that the structural changes that have occurred at the packer level have had little aggregate effect on the price linkages between producers and the first handlers.
this paper analyses plant entry and productivity turnovers across Colombia's petrochemical industry for the 1974-1998 period. Results show that successful entrants shaped industry productivity and ...induced plant restructuring among incumbent plants. entry flows increased steadily within plastics and boosted after trade liberalization. Total factor productivity growth decomposition shows that the incumbent effect dominates the turnover effect. Econometric results suggest that barriers to entry while complementary market variables such as industry productivity levels, growth is housing construction, and fringe competition induce firm entry.
El objetivo de este trabajo es analizar los factores determinantes de las exportaciones hortícolas españolas a la UE en el período 1974-1998. Para ello, se estima una función de exportación, ...utilizando la metodología de cointegración. Las variables explicativas parecen ser la renta de la UE y, en menor medida, un índice de competitividad. La demanda interna no resulta ser significativa y la variable dummy-UE ha sido significativa a partir de 1991, y no en 1986.
In recent years, considerable attention has been given to the role of legalized gambling in regional economic development. Evidence of the effectiveness of legalized gambling activities in causing ...economic growth has led to its expansion in the United States. This paper looks at the greyhound pari-mutuel racing industry to determine the factors affecting the handle (total amount of money bet legally at pari-mutuel tracks) on greyhound races (live and off-track/intertrack). Identifying these factors is necessary for the industry and public policy makers to address the decline in greyhound racing wagering throughout the 1990s and the associated reversal in economic growth.
A three-sector model representative of conditions in the West Bank is tested using pooled sectoral data. The period of study is chosen to be relatively stable and it ranges from 1974 to 1988 (post ...war and beginning of Intifada). The testing of the labour supply function results in agents preferring to work in the home economy rather than migrate. The sources of growth in migrants were detected in a pool of indigent labour for whom the possibility of employment at home was poor and as such migration became the alternative by necessity.
We employ a disequilibrium model to examine the disequilibrium and structural causes of unemployment and vacancies in Japanese labor markets on the basis of business survey data. The Keynesian is a ...primary determinant of unemployment and the underconsumption of vacancies in most subperiods for both large and small firms. The degree of mismatch in the labor markets for large firms is lower than that for small ones. It exhibits a decreasing trend until the beginning of the eighties, then reverses to an increasing one around the mid-eighties. This paper contributes to issues such as recently conspicuous structural causes, transfer of employees, and dual structure through an alternative approach to the conventional methods. J. Japan. Int. Econ. June 1999, 13(2), pp. 91–118. Faculty of Economics, Tohoku University, Sendai 980-8576, Japan; and Faculty of Economics, Niigata University, Niigata 950-21, Japan. Copyright 1999 Academic Press.
Journal of Economic Literature Classification Numbers: D58, J60, C40.
This paper studies the extent to which real estate prices impact
common stock prices in Hong Kong. Real estate-related firms account
for over 30 percent of Hong Kong's stock market capitalization. ...The
real estate markets are therefore major determinants of changes in
common stock prices. This study, using data during the 1974-1998
period, not only supports empirically that both unexpected changes in
residential and office property prices are important determinants of
the change in stock prices for Hong Kong, it also finds that the
property and stock price series are cointegrated. Impulse response
function based on an error-correction VAR model is used to examine the
dynamic relationships between real estate and common stock prices.
The case for pegging the exchange rate is reviewed, by surveying the recent theoretical literature on the choice of exchange rate regimes. An examination is made of how pegging is associated with ...inflation and output in a sample of developing countries using a new exchange rate classification method. It is found that a pegged exchange rate is associated with lower inflation and inflation volatility and with faster growth and similar output volatility.
Over the last two decades, officials, politicians and social scientists have become increasingly concerned with the phenomenon of the shadow economy. In many countries of the world, including the ...most developed, there are several important reasons why informed observers should be concerned about the size and growth of the shadow economy. This paper provides an overview of this research. The first section lays out the latest results of the size of the shadow economies for 18 Organization for Economic Cooperation and Development (OECD) countries. The second section examines the development of the shadow economy over time, using Austria as a case study. The third section looks at the influence of a changing tax structure on the shadow economy. The final section summarizes a conclusion and gives some prospects for future research.
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