Manchester School

1930 - 2025

Continuation of The Manchester School of Economic & Social Studies.

Current editor(s): Keith Blackburn

From University of Manchester
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2010, volume 78, articles s1

KNOWLEDGE CODIFICATION, INSTITUTIONS AND FINANCIAL MARKETS pp. 1-24

Alan D. Morrison

MACRO‐FINANCE MODELS OF INTEREST RATES AND THE ECONOMY pp. 25-52

Glenn Rudebusch

UNCONVENTIONAL MONETARY POLICIES: AN APPRAISAL pp. 53-89

Claudio Borio and Piti Disyatat

HOUSEHOLD‐SECTOR MONEY DEMAND FOR THE UK pp. 90-113

Rakesh Bissoondeeal, Barry Jones, Jane M. Binner and Andrew W. Mullineux

INVESTIGATION OF STOCHASTIC PAIRS TRADING STRATEGIES UNDER DIFFERENT VOLATILITY REGIMES pp. 114-134

Sayat R. Baronyan, I. Boduroglu and Emrah Şener

2010, volume 78, articles 6

DYNAMICS OF INFLATION, OUTPUT GROWTH AND THEIR UNCERTAINTY IN THE UK: AN EMPIRICAL ANALYSIS pp. 511-537

Zeynel Ozdemir

BUSINESS CYCLE SYNCHRONIZATION BETWEEN THE CEEC AND THE EURO‐AREA: EVIDENCE FROM THRESHOLD SEEMINGLY UNRELATED REGRESSIONS pp. 538-555

Nektarios Aslanidis

ARROW–CALVO PRICE STAGGERING pp. 556-581

Peter McAdam and Alpo Willman

THE COMPONENTS OF MANAGERIAL PAY ADJUSTMENTS AND THEIR IMPACT ON FIRM PERFORMANCE pp. 582-608

Ming‐yuan Chen

PRIVATIZATION WAVES pp. 609-625

Toshihiro Matsumura and Daisuke Shimizu

ON A CONSUMER‐BASED EMISSION TAX POLICY pp. 626-646

Tsuyoshi Toshimitsu

INTERNATIONAL OUTSOURCING AND WELFARE REDUCTION: AN ENTRY‐DETERRENCE STORY pp. 647-659

Arijit Mukherjee and Yingyi Tsai

FROM IMPERFECT TO PERFECT COMPETITION: A PARAMETRIC APPROACH THROUGH CONJECTURAL VARIATIONS pp. 660-677

Ludovic Julien

WORKER TURNOVER AND WAGES IN EUROPE: THE INFLUENCE OF UNEMPLOYMENT AND INACTIVITY pp. 678-701

Jose Arranz, Carlos García‐serrano and María A. Davia

COMPETITION IN MOBILE TELEPHONY IN FRANCE AND GERMANY pp. 702-724

Lukasz Grzybowski and Chiraz Karamti

THE BLACK‐MARKET EXCHANGE RATE VERSUS THE OFFICIAL RATE: WHICH RATE FOSTERS THE ADJUSTMENT SPEED IN THE MONETARIST MODEL? pp. 725-738

Mohsen Bahmani‐oskooee, Scott Hegerty and Altin Tanku

2010, volume 78, articles 5

HORIZONTAL MERGER WITH AN INEFFICIENT LEADER pp. 379-394

Juan Alejandro Gelves

PECKING‐ORDER THEORY REVISITED: THE ROLE OF AGENCY COST pp. 395-411

Kuang‐cheng A. Wang and Chun‐hung A. Lin

DOES THE DEVELOPMENT OF NON‐CASH PAYMENTS AFFECT BANK LENDING? pp. 412-436

Santiago Carbo Valverde and Rafael López Del Paso

ASSESSING EUROPEAN CENTRAL BANK'S CREDIBILITY DURING THE FIRST YEARS OF THE EUROSYSTEM: A BAYESIAN EMPIRICAL INVESTIGATION pp. 437-459

Gianni Amisano and Marco Tronzano

JUST‐IN‐TIME PRODUCTION, WORK ORGANIZATION AND ABSENCE CONTROL pp. 460-483

Joseph Lanfranchi and John Treble

TRADE AND GROWTH IN A TWO‐COUNTRY MODEL WITH HOME PRODUCTION AND UNEVEN TECHNOLOGICAL SPILLOVERS pp. 484-509

Luigi Bonatti and Giulia Felice

2010, volume 78, articles 4

A THREE‐STAGE INTERNATIONAL MIXED DUOPOLY WITH A WAGE‐RISE CONTRACT AS A STRATEGIC COMMITMENT pp. 279-289

Kazuhiro Ohnishi

WELFARE‐ENHANCING MERGERS UNDER PRODUCT DIFFERENTIATION pp. 290-301

Tina Kao and Flavio Menezes

MEAN REVERSION OF THE FISCAL CONDUCT IN 24 DEVELOPING COUNTRIES pp. 302-325

Ahmad Zubaidi Baharumshah and Evan Lau

DOES INTEREST RATE VOLATILITY AFFECT THE US DEMAND FOR HOUSING? EVIDENCE FROM THE AUTOREGRESSIVE DISTRIBUTED LAG METHOD pp. 326-344

Taufiq Choudhry

THE ROLE OF CREDIT AGGREGATES AND ASSET PRICES IN THE TRANSMISSION MECHANISM: A COMPARISON BETWEEN THE EURO AREA AND THE USA pp. 345-377

Sylvia Kaufmann and Maria Valderrama

2010, volume 78, articles 3

AFFILIATION AND FIRM PERFORMANCE: EVIDENCE FROM INDIAN BUSINESS GROUPS pp. 183-200

Saibal Ghosh

ETHNIC DISCRIMINATION IN THE GREEK LABOUR MARKET: OCCUPATIONAL ACCESS, INSURANCE COVERAGE AND WAGE OFFERS pp. 201-218

Nick Drydakis and Minas Vlassis

THE PROBLEM OF OVERSKILLING IN AUSTRALIA AND BRITAIN pp. 219-241

Kostas Mavromaras, Seamus McGuinness, Nigel O'Leary, Peter Sloane and King Fok

OWNERSHIP STRUCTURE, INTERNAL FINANCING AND INVESTMENT DYNAMICS pp. 242-258

Francesco Crespi and Giuseppe Scellato

NEW EVIDENCE ON THE MOTIVES FOR HOLDING EURO AREA MONEY pp. 259-278

Gabe de Bondt

2010, volume 78, articles 2

ENDOGENOUS TIMING IN A MIXED DUOPOLY WITH CAPACITY CHOICE pp. 93-109

Juan Carlos Bárcena‐ruiz and María Garzon

TESTING THE OPPORTUNISTIC APPROACH TO MONETARY POLICY pp. 110-125

Christopher Martin and Costas Milas

DOES THE MAGNITUDE OF THE EFFECT OF INFLATION UNCERTAINTY ON OUTPUT GROWTH DEPEND ON THE LEVEL OF INFLATION? pp. 126-148

Kuang‐liang Chang and Chi‐wei He

GROWTH AND WAGE INEQUALITY IN A SCALE‐INDEPENDENT MODEL WITH R&D AND HUMAN‐CAPITAL ACCUMULATION pp. 149-182

Oscar Afonso

2010, volume 78, articles 1

STRATEGIC QUALITY CHOICE UNDER UNCERTAINTY: A REAL OPTIONS APPROACH* pp. 1-19

Grzegorz Pawlina and Peter Kort

COMPETITION AND WELFARE: THE IMPLICATIONS OF LICENSING* pp. 20-40

Arijit Mukherjee

MIXED DUOPOLY, PRIVATIZATION AND SUBSIDIZATION IN AN ENDOGENOUS TIMING FRAMEWORK* pp. 41-59

Yoshihiro Tomaru and Masayuki Saito

MERGERS OF PRODUCERS OF COMPLEMENTS: HOW AUTONOMOUS MARKETS CHANGE THE PRICE EFFECTS* pp. 60-75

Duarte Brito and Margarida Catalão‐lopes

INFLATION AND THE MEAN‐REVERTING LEVEL OF THE SHORT RATE* pp. 76-91

Andreas Reschreiter

2009, volume 77, articles s1

MONEY AND CREDIT, TWELVE MONTHS ON pp. 1-20

Paul Tucker

MACROECONOMIC RATES OF RETURN OF PUBLIC AND PRIVATE INVESTMENT: CROWDING‐IN AND CROWDING‐OUT EFFECTS pp. 21-39

Antonio Afonso and Miguel Aubyn

BANKS' DIVERSIFICATION, CROSS‐SELLING AND THE QUALITY OF BANKS' LOANS pp. 40-65

Stefania Cosci, Valentina Meliciani and Valentina Sabato

SOURCES OF REAL EXCHANGE RATE FLUCTUATIONS: EMPIRICAL EVIDENCE FROM NINE AFRICAN COUNTRIES pp. 66-84

Ahmad Hassan Ahmad and Eric Pentecost

GLOBAL ASYMMETRIES IN MONETARY POLICY OPERATIONS: DEBTOR CENTRAL BANKS OF THE MENA REGION pp. 85-107

Gunther Schnabl and Franziska Schobert

AN ADMISSIBLE TERM STRUCTURE MODEL OF SOVEREIGN YIELD SPREADS WITH MACRO FACTORS: THE CASE OF BRAZILIAN GLOBAL BONDS pp. 108-125

Zhuoshi Liu and Peter Spencer

THE ILLUSION OF STABILITY—LOW INFLATION IN A BUBBLE ECONOMY pp. 126-149

Marcus Miller, Ishita Mohanty and Lei Zhang

2009, volume 77, articles 6

EMPLOYER SIZE, WAGES AND UNOBSERVED SKILLS: EVIDENCE FROM MOONLIGHTERS IN THE UK* pp. 651-674

Alexander Muravyev

STRUCTURE REGULATION, PRICE STRUCTURE, CROSS‐SUBSIDIZATION AND MARGINAL COST OF PUBLIC FUNDS* pp. 675-698

Ming Chung Chang and Hsiao‐ping Peng

PENALIZED‐R2 CRITERIA FOR MODEL SELECTION* pp. 699-717

Larry W. Taylor

2009, volume 77, articles 5

CARTEL STABILITY UNDER AN OPTIMAL SHARING RULE* pp. 575-593

Hans-Peter Weikard

ENTRY PATTERNS OVER THE PRODUCT LIFE CYCLE* pp. 594-610

Óscar Gutiérrez and Francisco Ruiz‐aliseda

A NEW MEASURE OF US POTENTIAL OUTPUT, INFLATION FORECASTS, AND MONETARY POLICY RULES* pp. 611-631

Charles Harvie and Hyeon-seung Huh

ON THE PATH OF AN OIL PIGOVIAN TAX* pp. 632-649

Antoine Belgodere

2009, volume 77, articles 4

THE CHOICE OF OPENING PRICES ON EBAY* pp. 411-429

Mikhail Melnik, Yongsheng Xu and James Alm

BANKRUPTCIES WITH SOFT BUDGET CONSTRAINT* pp. 430-460

Karel Janda

CIRCULATION OF PRIVATE NOTES DURING A CURRENCY SHORTAGE* pp. 461-478

Xavier Cuadras‐morató

COPING WITH UNCERTAINTY: HISTORICAL AND REAL‐TIME ESTIMATES OF THE NATURAL UNEMPLOYMENT RATE AND THE UK MONETARY POLICY* pp. 479-511

George Chouliarakis

STRATEGIC LICENSING AND SEQUENTIAL INNOVATIONS* pp. 512-551

Tina Kao

THE CONVERGENCE HYPOTHESIS FOR OECD COUNTRIES RECONSIDERED: PANEL DATA EVIDENCE WITH MULTIPLE BREAKS, 1870–2003* pp. 552-574

Diego Romero‐ávila

2009, volume 77, articles 3

PURCHASING POWER PARITY, PRODUCTIVITY DIFFERENTIALS AND NON‐LINEARITY* pp. 271-287

Jyh‐lin Wu, Pei-Fen Chen and Ching‐nun Lee

THE SURVIVAL OF DIFFERENTIATED PRODUCTS: AN APPLICATION TO THE UK AUTOMOBILE MARKET, 1971–2002* pp. 288-316

Francisco Requena‐silvente and James Walker

DIVISIONALIZATION AND HORIZONTAL MERGERS IN A VERTICAL RELATIONSHIP* pp. 317-336

Tomomichi Mizuno

TECHNOLOGY TRANSFER UNDER RETURNS TO SCALE* pp. 337-365

Debapriya Sen and Giorgos Stamatopoulos

SWITCHING COSTS AND THE FOREIGN FIRM'S ENTRY* pp. 366-372

Toru Kikuchi

BERTRAND COMPETITION IN A MIXED DUOPOLY MARKET* pp. 373-397

Yasuo Sanjo

A NOTE ON HUMAN CAPITAL AND THE FELDSTEIN–HORIOKA PUZZLE* pp. 398-409

Margarita Katsimi and Thomas Moutos

2009, volume 77, articles 2

THE MACROECONOMICS OF STOCK PRICES IN THE MEDIUM TERM AND IN THE LONG RUN* pp. 127-152

Jakob Madsen

FACTOR ACCUMULATION AND GROWTH MIRACLES IN A TWO‐SECTOR NEOCLASSICAL GROWTH MODEL* pp. 153-170

John S. Landon‐lane and Peter Robertson

PRODUCTIVITY AND LABOUR DEMAND EFFECTS OF INWARD AND OUTWARD FOREIGN DIRECT INVESTMENT ON UK INDUSTRY* pp. 171-203

Nigel Driffield, James H. Love and Karl Taylor

UPSTREAM TRANSFERS AND THE DONOR'S LABOUR SUPPLY: EVIDENCE FROM MIGRANTS LIVING IN FRANCE* pp. 204-224

François-Charles Wolff and Ralitza Dimova

EARNINGS‐BASED COMPENSATION CONTRACTS UNDER ASYMMETRIC INFORMATION* pp. 225-243

Anton Miglo

THE IMPACT OF FOREIGN R&D ON TOTAL FACTOR PRODUCTIVITY IN THE EAST ASIAN MANUFACTURING INDUSTRY* pp. 244-270

Hailin Liao, Xiaohui Liu, Mark Holmes and Tom Weyman‐jones

2009, volume 77, articles 1

EXCHANGE RATE SENSITIVITY OF AUSTRALIA'S TRADE FLOWS: EVIDENCE FROM INDUSTRY DATA* pp. 1-16

Mohsen Bahmani‐oskooee and Yongqing Wang

RECTANGULARIZATION AND THE RISE IN LIMIT‐LONGEVITY IN A SIMPLE OVERLAPPING GENERATIONS MODEL* pp. 17-46

Gregory Ponthiere

FOREIGN DIRECT INVESTMENT AND DOMESTIC WAGES IN THE USA* pp. 47-64

Saif Alhakimi and James Peoples

MANUFACTURING WAGES IN THE ENLARGED EU: THE ROLE OF NEIGHBOUR‐COUNTRY EFFECTS* pp. 65-81

Helena Marques and Hugh Metcalf

DOES REORGANIZATION ADJUDICATION CONVEY FIRM‐SPECIFIC OR INDUSTRY‐WIDE INFORMATION? EVIDENCE FROM TAIWAN* pp. 82-95

Tseng‐chung Tang and Li‐chiu Chi

CONSUMER CONFIDENCE INDICES AND SHORT‐TERM FORECASTING OF CONSUMPTION* pp. 96-111

Ali Al‐eyd, Ray Barrell and E Davis

TESTING FOR REAL INTEREST RATE PARITY USING PANEL STATIONARITY TESTS WITH DEPENDENCE: A NOTE* pp. 112-126

Mariam Camarero, Josep Lluis Carrion‐i‐silvestre and Cecilio Tamarit