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The fiscal responsiveness to economic fluctuations
(University of Missouri--Columbia, 2009)
In this paper I investigate the pattern of the fiscal responsiveness with economic development and the determinants of the fiscal responsiveness for 79 central governments during 1972 ~ 2007. For the analysis, I estimate the dynamic panel regression...
Macroeconomic trade-offs in small open economies
(University of Missouri--Columbia, 2009)
[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT REQUEST OF AUTHOR.] This paper addresses the issue of output gap, inflation and exchange rate trade-offs in small open economies. The weights imposed on output gap, ...
Analysis of residential housing markets in large U.S. metropolitan areas
(University of Missouri--Columbia, 2009)
. The Cox proportional hazard model is used to investigate the determinants of the timing of tenure change. The empirical results suggest that household demographics, household composition and economic status features considerably affect household's tenure...
An experimental study of the game of Nim
(University of Missouri--Columbia, 2009)
[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT REQUEST OF AUTHOR.] This study is an analysis of the game of Nim. The paper is divided into two parts. The first part is a theoretical examination of the game in which ...
Three essays on the factor content of trade
(University of Missouri--Columbia, 2009)
prevalent international trade theory based on supply-side and extend the Heckscher-Ohlin-Vanek model in a new direction by incorporating demand-side consideration. These have been important in the "lore" of economics but not in economics research practice...
Three essays of housing price dynamics
(University of Missouri--Columbia, 2009)
reach as high as 50% in relative risk reduction during high-tech cycle growth periods. The third essay examines the transmission mechanism of tech-pole housing prices and investigates the economic forces behind it. For this purpose, I develop a MCMC...
Three essays on trade gravity model
(University of Missouri--Columbia, 2009)
and incomes are controlled for. We find that the average language depression ratio is 0.31, which is large and economically significant. In chapter 3, we try to indentify the mechanisms through which ethnic networks facilitate international trade. We create...
Entry biases in Cournot markets with free entry
(University of Missouri--Columbia, 2009)
Entry biases determine whether free entry is desirable. This study examines entry biases in a Cournot market by comparing the number of free entry equilibrium firms to the number of social optimum firms. First, a homogeneous ...
On- and off-balance sheet credit risk and capital in U.S. banks : evidence of unbalanced panel data
(University of Missouri--Columbia, 2009)
This study presents the relationship between capital and on- and off-balance sheet credit risk and the effectiveness of capital standards in the United States. The selected banks are commercial banks and bank holding ...
Vertical integration and sabotage : evidence and regulation
(University of Missouri--Columbia, 2009)
Many network industries have an upstream monopolist that sells an essential input to downstream firms. When price of access is regulated the integrated monopolist may have incentives to degrade the quality of access if it ...