Bulletin of Economic Research

1970 - 2025

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Volume 69, month 10, 2017

HEDGING AND THE COMPETITIVE FIRM UNDER AMBIGUOUS PRICE AND BACKGROUND RISK pp. E1-E11

Yusuke Osaki, Kit Pong Wong and Long Yi

WHOLESALE PRICES AND COURNOT-BERTRAND COMPETITION pp. E12-E18

Olga Rozanova

SUSTAINABILITY AND OUTREACH: A COMPARATIVE STUDY OF MFIs IN SOUTH ASIA AND LATIN AMERICA AND THE CARIBBEAN pp. E19-E41

Sefa Awaworyi Churchill and Ana Marr

AN ATTEMPT TO EXPLAIN DIFFERENCES IN ECONOMIC GROWTH: A STOCHASTIC FRONTIER APPROACH pp. E42-E65

Diana Aguiar, Leonardo Costa and Elvira Silva

SECULAR MEAN REVERSION AND LONG-RUN PREDICTABILITY OF THE STOCK MARKET pp. E66-E93

Valeriy Zakamulin

MONEY AND INFLATION IN INDIA: EVIDENCE FROM P-STAR MODEL pp. E94-E111

Sunil Paul, Sartaj Rasool Rather and M Ramachandran

IMPACT OF OUTCOME AMBIGUITY ON SELF-INSURANCE AND SELF-PROTECTION: EXPERIMENTAL EVIDENCE pp. E112-E125

Ozlem Ozdemir

DEFINING RELEVANT MARKETS FOR PHARMACEUTICALS pp. E126-E149

Oana Mihaescu and Niklas Rudholm

PERSONALITY TRAITS AND THE PERCEPTION OF MACROECONOMIC INDICATORS: SURVEY EVIDENCE pp. E150-E172

Andreas Orland

THE OPTIMAL RISK CHOICE OF COOPERATIVE AND NONCOOPERATIVE R&D IN DUOPOLY WITH SPILLOVERS pp. E173-E185

Mingqing Xing

HOW DO FISCAL CONSOLIDATION AND FISCAL STIMULI IMPACT ON THE SYNCHRONIZATION OF BUSINESS CYCLES? pp. 309-329

Luca Agnello, Guglielmo Maria Caporale and Ricardo Sousa

IS THERE A CURSE OF RELOCATION? ANALYSING THE CAUSAL LINK BETWEEN OFFSHORING AND THE INNOVATION PERFORMANCE OF (SMALL) FIRMS pp. 330-354

Timo Mitze and Fabian Kreutzer

STABILITY OF THAI BAHT: TALES FROM THE TAILS pp. 355-383

Phornchanok Cumperayot

FDI, SECTORAL OUTPUT AND REAL EXCHANGE RATE DYNAMICS UNDER FINANCIAL OPENNESS pp. 384-394

Emmanuel Lartey

GLOBAL AND DISAGGREGATED MEASURES OF EARNINGS MOBILITY: EVIDENCE FROM FIVE EUROPEAN COUNTRIES pp. 395-420

Claudia Vittori and Paul Gregg

EQUALITY OF OPPORTUNITY: EAST VS. WEST GERMANY pp. 421-427

Andreas Peichl and Martin Ungerer

‘CHOOSE TO BE OPTIMISTIC, IT FEELS BETTER?’ EVIDENCE OF OPTIMISM ON EMPLOYMENT UTILITY pp. 428-436

Chris Dawson, Timothy Hinks and Michail Veliziotis

Volume 69, month 07, 2017

NEGATIVE CORRELATION BETWEEN STOCK AND FUTURES RETURNS: AN UNEXPLOITED HEDGING OPPORTUNITY? pp. 209-215

Parantap Basu and William Gavin

THE FORECASTING PERFORMANCE OF SETAR MODELS: AN EMPIRICAL APPLICATION pp. 216-228

Gianna Boero and Federico Lampis

ENTRY AND IMPORT QUOTA pp. 229-239

Ming-Fang Tsai and Jiunn-Rong Chiou

PUBLIC GOODS AND THE DISSOLUTION OF STATES pp. 240-259

Christopher Ellis and Silke Friedrich

ABSTRACT pp. 260-270

Luca Lambertini and Alessandro Tampieri

THE RISK PREFERENCES OF ENTREPRENEURS IN INDONESIA pp. 271-287

Kitae Sohn

FORECASTING GLOBAL EQUITY INDICES USING LARGE BAYESIAN VARS pp. 288-308

Florian Huber, Tamás Krisztin and Philipp Piribauer

Volume 69, month 04, 2017

IDIOSYNCRATIC AND AGGREGATE RISKS, INEQUALITY AND GROWTH pp. 109-123

Yoseph Getachew

‘HAVE YOU FELT ANGRY LATELY?’: A NOTE ON UNFAIR WAGE PERCEPTIONS AND THE NEGATIVE EMOTION OF ANGER pp. 124-137

Christian Pfeifer

A NOTE ON FOREIGN DIRECT INVESTMENT AND EXPORTS IN VERTICALLY DIFFERENTIATED INDUSTRIES pp. 138-146

Jie Ma and Jidong Zhou

US HEALTH AND AGGREGATE FLUCTUATIONS pp. 147-163

Aleksandar Vasilev

DETERMINANTS OF SOVEREIGN BONDS RATINGS: A ROBUSTNESS ANALYSIS pp. 164-177

Dimitrios Soudis

REGIONAL EFFECTS OF MONETARY POLICY IN CHINA: EVIDENCE FROM CHINA'S PROVINCES pp. 178-208

Xiaohui Guo and Tajul Ariffin Masron

Volume 69, month 01, 2017

IMPORTANCE OF DEMOGRAPHICS FOR HOUSING IN THE OECD ECONOMIES pp. 1-22

Philip Arestis and Ana Rosa Gonzalez-Martinez

A SHAPLEY DECOMPOSITION OF MULTIDIMENSIONAL CHRONIC POVERTY IN ARGENTINA pp. 23-41

Rocio Garcia-Diaz and Daniel Prudencio

CASH INCENTIVES AND UNHEALTHY FOOD CONSUMPTION pp. 42-56

Miguel Flores and Javier Rivas

DYNAMICS BETWEEN NORTH AMERICAN AND EUROPEAN AGRICULTURAL FUTURES PRICES DURING TURMOIL AND FINANCIALIZATION pp. 57-76

Philipp Adämmer, Martin T. Bohl and Ernst-Oliver Ledebur

IMMIGRANT RELATIVE WAGES AT THE GREAT RECESSION: EVIDENCE WITH MATCHED EMPLOYER-EMPLOYEE DATA FOR SPAIN pp. 77-107

Inés P. Murillo-Huertas and Hipolito Simon

Volume 68, month 12, 2016

CREDIT MARKETS AND HOUSING CHOICES pp. 1-19

Serena Trucchi

PROGRESSIVE TAXATION, ENDOGENOUS GROWTH, AND MACROECONOMIC (IN)STABILITY pp. 20-27

Shu-Hua Chen and Jang-Ting Guo

DYNAMIC CORRELATION BETWEEN STOCK RETURNS AND EXCHANGE RATE AND ITS DEPENDENCE ON THE CONDITIONAL VOLATILITIES – THE CASE OF SEVERAL EASTERN EUROPEAN COUNTRIES pp. 28-41

Dejan Živkov, Jovan Njegić and Jasmina Pavlović

COGNITIVE SKILLS AND CONFIDENCE: INTERRELATIONS WITH OVERESTIMATION, OVERPLACEMENT AND OVERPRECISION pp. 42-55

Kai Duttle

BERTRAND Vs. COURNOT COMPETITION WITH UPSTREAM FIRM INVESTMENT pp. 56-65

DongJoon Lee and Kangsik Choi

INTERNATIONALIZATION STRATEGIES IN OLIGOPOLY WITH HETEROGENEOUS FIRMS pp. 66-77

Maja Barac and Rafael Moner-Colonques

PERCEIVED INTENTIONALITY IN 2 × 2 EXPERIMENTAL GAMES pp. 78-84

Swee-Hoon Chuah, Robert Hoffmann and Jeremy Larner

ALTERNATIVE STRATEGIES OF A PUBLIC ENTERPRISE IN OLIGOPOLY REVISITED: AN EXTENSION TO STACKELBERG COMPETITION pp. 85-96

Kojun Hamada

MONOPOLISTIC LOCATION CHOICE IN A TWO-SIDED HOTELLING MODEL pp. 97-110

Enrico Böhme and Christopher Müller

DOES BEHAVIOUR-BASED PRICE DISCRIMINATION FOSTER FIRMS’ DIFFERENTIATION? pp. 111-122

Stefano Colombo

THE FOCAL POINT IN THE TRAVELLER'S DILEMMA: AN EXPERIMENTAL STUDY pp. 123-132

Andrea Morone and Piergiuseppe Morone

NESTING VERTICAL AND HORIZONTAL DIFFERENTIATION IN TWO-SIDED MARKETS pp. 133-145

Vitor Miguel Ribeiro, Joao Correia-da-Silva and Joana Resende

MODELLING THE TRANSITION TOWARDS THE RENMINBI'S FULL CONVERTIBILITY: IMPLICATIONS FOR CHINA'S GROWTH pp. 146-170

Luigi Bonatti and Andrea Fracasso

INTERNATIONAL TRADE NETWORKS UNDER GLOBAL TREATY STABILITY pp. 171-181

Daniel E. May

CORRUPTION AND MICROCREDIT INTEREST RATES: DOES REGULATION HELP? pp. 182-202

Moh'd Al-Azzam

Volume 68, month 10, 2016

GROWTH EFFECTS OF INFLATION UNDER THE PRESENCE OF INFORMALITY pp. 311-328

Dila Asfuroglu and Ceyhun Elgin

ACTIVITY CHOICES OF INTERNALLY DISPLACED PERSONS AND RETURNEES: QUANTITATIVE SURVEY EVIDENCE FROM POST-WAR NORTHERN UGANDA pp. 329-347

Carlos Bozzoli, Tilman Brueck and Tony Muhumuza

NONPARAMETRIC MODELS OF FINANCIAL LEVERAGE DECISIONS pp. 348-366

João Bastos and Joaquim Ramalho

PRICE SETTING PRACTICES IN GREECE: EVIDENCE FROM A SMALL-SCALE FIRM-LEVEL SURVEY pp. 367-382

Daphne Nicolitsas

NON-RIGID WAGES AND MERGER PROFITABILITY REVERSAL UNDER CONVEX COSTS AND CENTRALIZED UNIONIZATION pp. 383-395

Luciano Fanti and Nicola Meccheri

R&D COOPERATION BETWEEN IMPATIENT RIVALS pp. 396-413

Zhiyong Yao and Bingyong Zheng

Volume 68, month 04, 2016

WHO VOTES EXPRESSIVELY, AND WHY? EXPERIMENTAL EVIDENCE pp. 105-116

Alvin Etang, David Fielding and Stephen Knowles

THE INTERPLAY OF INEQUALITY AND REFERENCE DEPENDENCE WITH TRUST AN EXPERIMENTAL STUDY pp. 117-123

Gilles Grolleau, Sana Harbi, Hayet Saadaoui and Angela Sutan

ALLOWING FOR JUMP MEASUREMENTS IN VOLATILITY: A HIGH-FREQUENCY FINANCIAL DATA ANALYSIS OF INDIVIDUAL STOCKS pp. 124-132

Vassilios Papavassiliou

A RE-EXAMINATION OF REAL INTEREST PARITY IN CEECs USING ‘OLD’ AND ‘NEW’ SECOND-GENERATION PANEL UNIT ROOT TESTS pp. 133-150

Claudiu Albulescu, Dominique Pépin and Aviral Tiwari

FORECASTING US INFLATION USING DYNAMIC GENERAL-TO-SPECIFIC MODEL SELECTION pp. 151-167

George Bagdatoglou, Alexandros Kontonikas and Mark Wohar

STRATEGIC INTERACTION AND CATCHING UP pp. 168-181

Mehmet Özer and Çağrı Sağlam

CENTRAL PLANNING LEGACIES: THE LINGERING EFFECTS OF THE GREAT LEAP FORWARD IN CHINA pp. 182-203

Qichun He and Meng Sun

HARSH NORMS AND SCREENING FOR LOYALTY pp. 205-217

Nathan Berg and Jeong-Yoo Kim

A NEW COMPARATIVE STUDY ON THE FREE-FLOATING AND CURRENCY BOARD REGIMES IN HONG KONG pp. 218-238

Kwo Ping Tam

INFORMATION AGGREGATION, GROWTH, AND FRANCHISE EXTENSION WITH APPLICATIONS TO FEMALE ENFRANCHISEMENT AND INEQUALITY pp. 239-267

Christopher Ellis and John Fender

THE DETERMINANTS OF PRICE IN ONLINE AUCTIONS: MORE EVIDENCE FROM QUANTILE REGRESSION pp. 268-286

Chia-Hung D. Sun, Yi-Bin Chiu and Ming-Fei Hsu

ON THE CONCAVITY AND QUASICONCAVITY PROPERTIES OF ( σ, μ ) UTILITY FUNCTIONS pp. 287-296

Fatma Lajeri-Chaherli

ENTRY AND QUALITY SIGNALLING WHEN ONLY SOME CONSUMERS ARE INFORMED OF THE ENTRANT'S QUALITY pp. 297-310

Fulan Wu

Volume 68, month 01, 2016

THE POTENTIAL FOR SHORT-RUN SHIFTING OF A CORPORATE PROFITS TAX pp. 1-15

J. Richard Aronson, Peter J. Lambert and Victor J. Tremblay

TIMING OF LUMPY INVESTMENT, PRICING AND TECHNICAL PROGRESS pp. 16-33

Sandro Brusco, Ornella Tarola and Sandro Trento

HOW HAS THE CRISIS OF 2008–09 AFFECTED SUBJECTIVE WELL-BEING? EVIDENCE FROM 25 OECD COUNTRIES pp. 34-54

Heinz Welsch and Jan Kühling

STATIC AND DYNAMIC EFFECTS OF CENTRAL BANK TRANSPARENCY pp. 55-78

Meixing Dai

DO BALANCED-BUDGET RULES INCREASE GROWTH? pp. 79-89

Joe Stone

MODELLING A REGIME-SHIFTING BEVERIDGE CURVE pp. 90-104

Richard Dutu, Mark Holmes and Brian Silverstone