Research Publications and Outputs: Recent submissions
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Growth and Business Cycles with Imperfect Credit Markets
Published 2003-07-01We study the process of growth and business cycles in an open economy which has access to international financial markets. The financial market imperfection originates from costly state verification and a positive probability ...Open AccessWorking Paper -
Real Interest Rate Equalisation: Some Evidence from East Asian Economies
Published 2003-11-01There has been on-going interest in testing the real interest rate equalisation (RIE) proposition in the International Finance literature. Previous studies produce mixed results for the RIE proposition. This paper examines ...Open AccessWorking Paper -
Insider Trading, Informational Effciency and Allocative Effciency
Published 2003-05-01A dominant, net buyer of a certain asset receives a private signal that is correlated with its mean value. We call this insider a Boesky Insider when the quality of the received signal is such that the future value of the ...Open AccessWorking Paper -
The Determinants of Schooling in Egypt: The Role of Gender and Rural-Urban Residence
Published 2004-05-01This paper examines the role of gender and rural-urban residence, and the interaction between them in influencing schooling outcomes, using household level cross-section data from Egypt. Our empirical analysis finds strong ...Open AccessWorking Paper -
To Pool or to Aggregate? Tests with a Dynamic Panel Macroeconometric Model of Australian State Labour Markets
Published 2003-02-01We construct a dynamic error correction model of the Australian labour market using a macroeconomic panel across seven states from 1972:3 to 1999:1. Long run equilibrium estimates support a real wage-productivity gap and ...Open AccessWorking Paper