Economics Series

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194: Econometric Issues in Estimating User Cost Elasticity

Huntley Schaller

193: Real and Nominal UK Interest Rates, ERM Membership and Inflation Targeting

Andreas Reschreiter

192: Seasonal Cycles in European Agricultural Commodity Prices

Adusei Jumah and Robert Kunst

191: Financial Structure and its Impact on the Convergence of Interest Rate Pass-through in Europe. A Time-varying Interest Rate Pass-through Model

Wolfgang Schwarzbauer

190: Finite Memory Distributed Systems

Victor Dorofeenko and Jamsheed Shorish

189: The Austrian Insurance Industry: A Structure, Conduct and Performance Analysis

Lorenz Jedlicka and Adusei Jumah

188: Incorporating Transportation Network Structure in Spatial Econometric Models of Commodity Flows

James LeSage and Wolfgang Polasek

187: Voting Power Derives from the Poll Distribution. Shedding Light on Contentious Issues of Weighted Votes and the Constitutional Treaty

Iain Paterson

186: Functional Rational Expectations Equilibria in Market Games

Jamsheed Shorish

185: Alternative Tax-Benefit Strategies to Support Children in the European Union. Recent Reforms in Austria, Spain and the UK

Horacio Levy, Christine Lietz and Holly Sutherland

184: Household Incomes and Redistribution in the European Union: Quantifying the Equalising Properties of Taxes and Benefits

Herwig Immervoll, Horacio Levy, Christine Lietz, Daniela Mantovani, Cathal O'Donoghue, Holly Sutherland and Gerlinde Verbist

183: Exploring the Environmental Kuznets Hypothesis. Theoretical and Econometric Problems

Georg Müller-Fürstenberger and Martin Wagner

182: Agency Costs and Investment Behavior

Viktor Dorofeenko, Gabriel Lee and Kevin Salyer

181: The Quest for Status and Endogenous Labor Supply. The Relative Wealth Framework

Walter Fisher and Franz X. Hof

180: The Balassa-Samuelson Effect in 'East & West'. Differences and Similarities

Martin Wagner

179: Growth Effects of Age-related Productivity Differentials in an Ageing Society. A Simulation Study for Austria

Helmut Hofer and Thomas Url

178: Inequality and Migration: A Behavioral Link

Oded Stark

177: Approaches for the Joint Evaluation of Hypothesis Tests: Classical Testing, Bayes Testing, and Joint Confirmation

Robert Kunst

176: On PPP, Unit Roots and Panels

Martin Wagner

175: On Aghion's and Blanchard's "On the Speed of Transition in Central Europe"

Eric Nævdal and Martin Wagner

174: Autoregressive Approximations of Multiple Frequency I(1) Processes

Dietmar Bauer and Martin Wagner

173: On the Persistence of Firm Expansion. The survival of new jobs in Austrian firms

René Böheim, Alfred Stiglbauer and Rudolf Winter-Ebmer

172: Regional Growth in Central Europe. Long-term Effects of Population and Traffic Structure

Wolfgang Polasek and Helmut Berrer

171: The Yield Curve Slope and Monetary Policy Innovations

Edward N. Gamber and Fred Joutz

170: Peer Effects in Austrian Schools

Nicole Schneeweis and Rudolf Winter-Ebmer

169: E-Cognocracy and the Participation of Immigrants in E-Governance

José Maria Moreno-Jiménez and Wolfgang Polasek

168: Forecasting Aggregate Demand in West African Economies. The Influence of Immigrant Remittance Flows and of Asymmetric Error Correction

Adusei Jumah and Robert Kunst

167: Crime and Prices

Konstantin Gluschenko

166: Status Aspirations, Wealth Inequality, and Economic Growth

Oded Stark

165: A Diffusion Approximation to the Markov Chains Model of the Financial Market and the Expected Riskless Profit Under Selling of Call and Put Options

Alexander V. Nagaev, Sergei A. Nagaev and Robert Kunst

164: A Diffusion Approximation for the Riskless Profit Under Selling of Discrete Time Call Options. Non-identically Distributed Jumps

Alexander V. Nagaev, Sergei A. Nagaev and Robert Kunst

163: Employment and Growth in an Aging Society. A Simulation Study for Austria

Josef Baumgartner, Helmut Hofer, Serguei Kaniovski, Ulrich Schuh and Thomas Url

162: Toward a Theory of Evaluating Predictive Accuracy

Robert Kunst and Adusei Jumah

161: Imports, Status Preference, and Foreign Borrowing

Walter Fisher

160: Parameter Instability and Forecasting Performance. A Monte Carlo Study

Costas Anyfantakis, Guglielmo Maria Caporale and Nikitas Pittis

159: Panel Data Tests of PPP. A Critical Overview

Guglielmo Maria Caporale and Mario Cerrato

158: On the Demand for Grandchildren: Tied Transfers and the Demonstration Effect

Donald Cox and Oded Stark

157: Robustness of the CUSUM and CUSUM-of-Squares Tests to Serial Correlation, Endogeneity and Lack of Structural Invariance. Some Monte Carlo Evidence

Guglielmo Maria Caporale and Nikitas Pittis

156: The BDS Test as a Test for the Adequacy of a GARCH(1,1) Specification. A Monte Carlo Study

Guglielmo Maria Caporale, Christos Ntantamis, Theologos Pantelidis and Nikitas Pittis

155: Long-run and Cyclical Dynamics in the US Stock Market

Guglielmo Maria Caporale and Luis Gil-Alana

154: On Ramsey's Conjecture: Efficient Allocations in the Neoclassical Growth Model with Private Information

Emilio Espino

153: General Properties of Rational Stock-Market Fluctuations

Antonio Mele

152: The Intergenerational Overlap and Human Capital Formation

Oded Stark and Yong Wang

151: Partner Selection in Public Goods Experiments

Giorgio Coricelli, Dietmar Fehr and Gerlinde Fellner-Röhling

150: A Sunspot Paradox

Thomas Hintermaier

149: Modeling National Accounts Sub-Aggregates. An Application of Non-Linear Error Correction

Adusei Jumah and Robert Kunst

148: Non-implementation of Rational Expectations as a Perfect Bayesian Equilibrium

Dionysius Glycopantis, Allan Muir and Nicholas C. Yannelis

147: Computer Use and the Wage Structure in Austria

Helmut Hofer and Monika Riedel

146: Reducing Start-up Costs for New Firms: The Double Dividend on the Labor Market

Uwe Dulleck, Paul Frijters and Rudolf Winter-Ebmer

145: Sectoral Adjustment of Employment: The Impact of Outsourcing and Trade at the Micro Level

Peter Egger, Michael Pfaffermayr and Andrea Weber