Open Access. Powered by Scholars. Published by Universities.®
- Discipline
-
- Econometrics (771)
- International and Area Studies (321)
- Asian Studies (316)
- Finance (221)
- Economic Theory (186)
-
- Behavioral Economics (170)
- International Economics (154)
- Business (148)
- Growth and Development (110)
- Labor Economics (87)
- Public Economics (84)
- Macroeconomics (81)
- Public Affairs, Public Policy and Public Administration (80)
- Industrial Organization (69)
- Health Economics (53)
- Real Estate (48)
- Sociology (47)
- Medicine and Health Sciences (44)
- Political Economy (38)
- Transportation (33)
- Education (31)
- Income Distribution (28)
- Physical Sciences and Mathematics (27)
- Finance and Financial Management (26)
- Urban Studies and Planning (21)
- Economic Policy (19)
- Statistics and Probability (19)
- Family, Life Course, and Society (16)
- Keyword
-
- Singapore (85)
- Specification test (28)
- China (25)
- Panel data (24)
- Bootstrap (23)
-
- Fixed effects (22)
- Strategy-proofness (21)
- COVID-19 (19)
- Economic growth (17)
- Employment (17)
- High-frequency data (16)
- Cointegration (15)
- Dynamic panel (14)
- Empirical likelihood (14)
- Endogeneity (14)
- Financial frictions (14)
- Heterogeneity (14)
- Realized volatility (14)
- Structural change (14)
- Autoregression (13)
- Incentive compatibility (13)
- Markov chain Monte Carlo (13)
- Robustness (13)
- Semimartingale (13)
- Bias (12)
- Growth (12)
- Interactive fixed effects (12)
- Monotonicity (12)
- Nonparametric regression (12)
- Nonstationarity (12)
- Publication Year
Articles 1711 - 1733 of 1733
Full-Text Articles in Economics
The Unctad Liner Code: A Dead Letter?, Sock-Yong Phang, Rex S. Toh
The Unctad Liner Code: A Dead Letter?, Sock-Yong Phang, Rex S. Toh
Research Collection School Of Economics
The UNCTAD Code of conduct for Liner Conferences entered into force in 1983. The Code's cargo allocation scheme or '40-40-20 rule' aims to provide shipping lines of developing countries with a fair change to compete for the carriage of their seabourne trade. However, the Code has not been effective in meeting its stated objectives for a variety of reasons. Amongst the administrative difficulties are (i) the complications introduced by the EEC's Brussels Package, (ii) the definition of national lines, (iii) the unit of measurement for cargo allocation purposes, and (iv) the monitoring of cargo movements. The tremendous growth in non-conference …
International Trade And The Equilibrium Rate Of Unemployment In A Heckscher-Ohlin World Economy, Hian Teck Hoon
International Trade And The Equilibrium Rate Of Unemployment In A Heckscher-Ohlin World Economy, Hian Teck Hoon
Research Collection School Of Economics
This paper develops a (stylized Asia-America) Heckscher-Ohlin world economy in which the equilibrium rate of unemployment is endogenous. We examine the impact of various economic shocks on unemployment in the global economy. Harrod-neutral or Hicks-neutral technical progress across all industries in Asia leads to a terms of trade improvement for America but raises America's unemployment rate. Introducing a third country such as the block of former socialist economies results in higher unemployment for both Asia and America. Protection in America lowers American equilibrium unemployment but raises Asia's unemployment.
Quasi-Flag Of Convenience Shipping: The Wave Of The Future, Rex S. Toh, Sock Yong Phang
Quasi-Flag Of Convenience Shipping: The Wave Of The Future, Rex S. Toh, Sock Yong Phang
Research Collection School Of Economics
Many articles and books have been written to extol the advantages and virtues of flags of convenience (FOC) shipping, argue its necessi ty, and defend the practice. However, from the earliest days there has been opposition to FOC shipping, and lately the disenchantment over this questionable form of open registry has led to the potentially rapid growth of what can be termed as quasi-FOC arrangements. This article will first briefly trace the trend from FOCs to quasi-FOCs, outline the legal framework for regulating international shipping, then discuss the problems, opposition, and legal challenges to open registries. Finally, it will trace …
A Model Of The Link Between The Fiscal System And Singapore's Central Provident Fund In General Equilibrium, Hian Teck Hoon, Kai Lin Teo
A Model Of The Link Between The Fiscal System And Singapore's Central Provident Fund In General Equilibrium, Hian Teck Hoon, Kai Lin Teo
Research Collection School Of Economics
This paper demonstrates a channel through which the fiscal system interacts with the choice of CPF contribution rates to affect total savings, and hence, capital accumulation and the current account. It is shown that in the presence of a wage income tax, raising either the employee's or employer's contribution rates raises the total private earnings. On the other hand, in the presence of a capital income tax, raising the employee's or employer's contribution rates lowers total private savings. However, when we introduce a productive role for government spending, we show that an increase in CPF contribution rates under a balances …
Some Improvements On An Algorithm For Controlled Selection, Ting Kwong Lin
Some Improvements On An Algorithm For Controlled Selection, Ting Kwong Lin
Research Collection School Of Economics
The sampling technique called controlled selection was f'irst described by Goodman and Kish (1950). It was found to be a very useful sampling technique among practicing survey samplers, especially in selecting first-stage units in multi-stage sampling. Hess, Riedel and Fitzpatrick (1961, 1975) have given a simple illustration on how it can be implemented in the sampling of hospitals in the state of Michigan. In this paper, we show how the Groves-Hess algorithm can be improved and how further controls which are useful to survey practitioners can be built into the algorithm. Problems the old algorithm could not solve can now …
Comparative Advantage And The Equilibrium Rate Of Unemployment, Hian Teck Hoon
Comparative Advantage And The Equilibrium Rate Of Unemployment, Hian Teck Hoon
Research Collection School Of Economics
This paper develops a two-country Heckscher-Ohlin model with endogenous equilibrium involuntary unemployment to examine the question: What is the effect of free trade on the equilibrium rates of unemployment in the labor abundant and labor-scarce countries? It is shown that free trade leads to a decline in the equilibrium rate of unemployment in the labor-abundant country but to a rise in unemployment in the labor-scarce country.
Term Structure Of Interest Rates In The Singapore Asian Dollar Market, Tom K. Y. Lee, Yiu Kuen Tse
Term Structure Of Interest Rates In The Singapore Asian Dollar Market, Tom K. Y. Lee, Yiu Kuen Tse
Research Collection School Of Economics
This paper investigates empirically the term structure of interest rates in the Singapore Asian Dollar Market. We consider extended versions of the ARCH-M model of Engle, Lilien, and Robins (1987). The extended models permit autocorrelation, skewness and leptokurtosis in the residuals. The robustness of the empirical tests with respect to alternative specifications of the ARCH process is examined. It turns out that there is significant time-varying term premium, and this conclusion is independent of the hypothesized ARCH model.
An Evaluation Of Car-Ownership And Car-Usage Policies In Singapore, Sock-Yong Phang, Anthony Chin
An Evaluation Of Car-Ownership And Car-Usage Policies In Singapore, Sock-Yong Phang, Anthony Chin
Research Collection School Of Economics
Report presented to Parliament 2 January 1990 as part of Select Committee on Land Transportation Policy. Covers the transportation policies of Singapore from 1960s to 1980s. Analysis of car ownership policies, including PARF. Analysis of car usage policies.
Welfare Implications Of Hdb Policy On The Public Housing Price Gradient, Sock Yong Phang
Welfare Implications Of Hdb Policy On The Public Housing Price Gradient, Sock Yong Phang
Research Collection School Of Economics
In Singapore, extensive government intervention in the housing market has resulted in much deviation from assumptions made in the simple neoclassical urban models. The monocentric model of urban structure is extended to incorporate a subsidized public housing market in which the government-determined price gradient is flatter than the private housing price gradients. The propositionthat the utility of public housing households varies inversely with residential location distance from the CBD is empirically tested by estimating net returns to public housing using resale market data. It was found that net returns decreased with distance from the CBD.
Value-Added Per Worker, Capital Accumulation And Technical Progress In A Small, Open Economy: An Explanation, Hian Teck Hoon
Value-Added Per Worker, Capital Accumulation And Technical Progress In A Small, Open Economy: An Explanation, Hian Teck Hoon
Research Collection School Of Economics
Within the context of industrial restructuring, it is not uncommon to use terms, such as 'higher value-added per worker', or 'low or high value added activities', and 'high technology' industries. The present note attempts to use the theoretical work in the field of international trade to sharpen our understanding of the relationships among the concepts of value added per worker, capital accumulation, and technical progress. We show that for a large country, capital accumulation raises the real value added per worker in both industries. With neutral technical progress occurring in the L-intensive industry, it is possible for the terms of …
The Effects Of A Cpf Cut: A Note, Hian Teck Hoon
The Effects Of A Cpf Cut: A Note, Hian Teck Hoon
Research Collection School Of Economics
No abstract provided.
A Note On Sargan Densities, Yiu Kuen Tse
A Note On Sargan Densities, Yiu Kuen Tse
Research Collection School Of Economics
This note reexamines the general class of Sargan densities analyzed by Goldfeld and Quandt (1981), Kafei and Schmidt (1985), and others in the context of approximating normal densities in certain econometric models. It suggests a third-order Sargan density which complies with the Goldfeld and Quandt criteria, is unimodal, and is the best approximation to the normal for orders less than or equal to 3. Some errors in Goldfeld and Quandt paper are corrected.
Understanding Spurious Regressions In Econometrics, Peter C. B. Phillips
Understanding Spurious Regressions In Econometrics, Peter C. B. Phillips
Research Collection School Of Economics
This paper provides an analytical study of linear regressions involving the levels of economic time series. An asymptotic theory is developed for regressions that relate quite general integrated random processes. This includes the spurious regressions of Granger and Newbold (1974) and the recent cointegrating regressions of Granger and Engle (1985). An asymptotic theory is developed for the regression coefficients and for conventional significance tests. It is shown that the usual t- and F-ratio test statistics do not possess limiting distributions in this context but actually diverge as the sample size T ↑ ∞. The limiting behavior of regression diagnostics such …
Intertemporal Extraction Of Mineral Resources Under Variable Rate Taxes, Robert F. Conrad, Bryce Hool
Intertemporal Extraction Of Mineral Resources Under Variable Rate Taxes, Robert F. Conrad, Bryce Hool
Research Collection School Of Economics
Variable-rate taxes are being applied with increasing frequency in the US and other countries. However, their effects typically go beyond those that have motivated their use. The formulation of mineral tax policy should take into account the complete list of consequences.-from Authors
Demand Response And The Reform Of Indirect Taxes In Pakistan, Ehtishaw Ahmad, Hing-Man Leung, Nicholas Stern
Demand Response And The Reform Of Indirect Taxes In Pakistan, Ehtishaw Ahmad, Hing-Man Leung, Nicholas Stern
Research Collection School Of Economics
The question of the appropriate tax rate for different commodities is important for policy making in a country like Pakistan. This involves not only revenue, which is an obvious and a major preoccupation of most governments, but also concerns the effects of tax changes on households in various circumstances, together with production decisions in many sectors of the economy. In this paper we shall be concerned with a preliminary evaluation of the Pakistan indirect tax system. We shall examine in further work, the analysis of direct taxes, the balance between direct and indirect taxes as well as the effects of …
A Physical Interpretation Of The Maximum Likelihood Estimation Of A Linear Functional Relationship Model, Y. V. Hui, Yiu Kuen Tse
A Physical Interpretation Of The Maximum Likelihood Estimation Of A Linear Functional Relationship Model, Y. V. Hui, Yiu Kuen Tse
Research Collection School Of Economics
This paper presents a physical interpretation of estimating the parameters of a linear functional relationship model. The estimates are determined from the stable equilibrium position of a mechanical system. It is found that the estimates obtained from the physical model coincide with the maximum likelihood estimates.
Layoffs, Wages And Unemployment Insurance, Kenneth Burdett, Bryce Hool
Layoffs, Wages And Unemployment Insurance, Kenneth Burdett, Bryce Hool
Research Collection School Of Economics
The influence of unemployment insurance on wage and layoff behavior is analyzed in the context of optimal labor contracts. Responses of contract terms to changes in economic parameters are shown to depend in general on the nature of the initial contract, the degree of workers' risk aversion, and the resolution of bargaining conflict. Layoffs are not necessarily reduced by an increase in experience rating or a reduction in the UI benefit. Product demand fluctuations tend to induce procyclical employment fluctuations but not wage fluctuation. An implication of optimal contracts with private insurance suggests a reason for government intervention in UI …
Resource Taxation With Heterogeneous Quality And Endogenous Reserves, Robert F. Conrad, Bryce Hool
Resource Taxation With Heterogeneous Quality And Endogenous Reserves, Robert F. Conrad, Bryce Hool
Research Collection School Of Economics
This paper analyzes the impact of mining taxation on the intertemporal extraction profile for a heterogeneous ore body. The extraction profile specifies both quantities and qualities extracted in each period. Total extraction is thus endogenously determined. The taxes explicitly considered are severance taxes (ad valorem or per unit; on metal or on ore), property taxes, and profits taxes (with depletion allowance). The intertemporal framework integrates economic and geological factors, generating new results on extraction distortions and providing qualification or reconciliation of previous diverse results in this area.
Monetary And Fiscal Policies In Short Run Equilibria With Rationing, Bryce Hool
Monetary And Fiscal Policies In Short Run Equilibria With Rationing, Bryce Hool
Research Collection School Of Economics
No abstract provided.
Liquidity, Speculation, And The Demand For Money, Bryce Hool
Liquidity, Speculation, And The Demand For Money, Bryce Hool
Research Collection School Of Economics
No abstract provided.
Money, Expectations And The Existence Of A Temporary Equilibrium, Bryce Hool
Money, Expectations And The Existence Of A Temporary Equilibrium, Bryce Hool
Research Collection School Of Economics
The article presents information on money, expectations and the existance of a temporary equilibrium. If money and financial assets are to be integrated into general equilibrium theory, it is apparent that the classical Arrow-Debreu framework must be modified. As long as all trading takes place essentially at some initial point in time, with each individual subject only to a present value budget constraint, there is no place in the system for money, either as a medium of exchange or as a store of value, even if uncertainty about future states of the world is introduced as in G. Debreu's work, …
Optimal Trade Policies And Non-Economic Objectives In Models Involving Imported Materials, Inter-Industry Flows And Nontraded Goods, Augustine H. H. Tan
Optimal Trade Policies And Non-Economic Objectives In Models Involving Imported Materials, Inter-Industry Flows And Nontraded Goods, Augustine H. H. Tan
Research Collection School Of Economics
In a recent paper in this Review, J. Bhagwati and T. N. Srinivasan investigated the question of optimal policies required to attain non-economic objectives like ensuring minimum production and employment levels in particular industries as well as preventing excess importation and consumption of some goods. The framework of Bhagwati Srinivasan's analysis is the traditional trade model. In this note we consider three alternative models which allow for inter-industry linkages, the use of imported intermediate goods and non-traded goods. In addition to the non-economic objectives analyzed by Bhagwati-Srinivasan these models allow distinction between maintaining net and gross production levels as well …
Differential Tariffs, Negative Value-Added And The Theory Of Effective Protection, Augustine H. H. Tan
Differential Tariffs, Negative Value-Added And The Theory Of Effective Protection, Augustine H. H. Tan
Research Collection School Of Economics
This article examines the implications for effective protection(EP) theory of allowing variable factor proportions and general equilibrium repercussions. The first claim of EP theory, is that it provides a measure of the maximum proportionate increase in factor rewards permitted by a tariff structure, as compared to a free trade regime. EP rates predict only a particular direction of resource flows whereas general equilibrium analysis, with variable input coefficients, indicates that flows contrary to EP prediction are possible. Two examples are provided, first, where there is a uniform tariff on final goods; and second, where one final sector has a higher …