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The last several decades have seen dramatic increases in overall medical spending as a share of GDP. While debate continues about the exact source of this increased spending, evidence suggests that it...
Our paper contributes to the studies on the relationship between workers' human capital and their decision to become self-employed as well as their probability to survive as entrepreneurs. Analysis fr...
Knowledge that has been accumulated through research efforts concerning credit card ownership and usage behaviour has been confined to Western societies. Given the importance of cross-national applica...
This paper documents the magnitude of deviation of common stock market values from intrinsic values estimated using the constant growth dividend valuation model. The constant growth model is widely ...
A base line estimate of eligibility would be useful in assesing whether economic reforms can indeed achieve higher eligibility.In this paper I estimate the technical eligibility of Bulgarian and Roman...
Aggregate domestic investment in People’s Republic of China is empirically modeled using quarterly data for the period 1994-2001. The total investment is disaggregated into two parts: business sector ...
In this paper a type of Heath, Jarrow and Morton (1992) (HJM) based affine model is derived theoretically. This type of affine model is obtained by applying Linear Realization Theory to construct Fini...
Nowadays, earnings management is a hot issue, but most of the researches focus on the incentives of earnings management and few of them refer to the effect of audit quality on earnings management. In ...
We examine how entrepreneurship and institutional and policy reforms affect development (proxied by the rate of growth in per–capita inc ome). We do so by performing Arellano - Bond GMM estimations o...
What is the relation between the stock market and income distribution? There are many potential links between the two, some of which associated with the relations of each of these with the rate of eco...
Policy recommendations concerning optimal scale of production units often have serious implications for the restructuring of a sector, while tests of natural monopoly have important implications for r...

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