{"title":"Econometric policy evaluation in a two sector model","authors":"Yong-Jae Choi","doi":"10.17256/JER.2013.18.1.003","DOIUrl":"https://doi.org/10.17256/JER.2013.18.1.003","url":null,"abstract":"This paper estimates a New-Keynesian structural model and evaluates alternative monetary policy regimes. An estimated two sector model and alternative policy regimes are used to calculate the optimal monetary policy frontier. The structural model that consists of two sectors: durable and nondurable, is estimated by the Full Information Maximum Likelihood (FIML) method. Given the structure of the economy and discretionary monetary policy regimes, we find that changes in monetary policy responses to aggregate or disaggregate inflation and output gap can imply substantial differences in long-run inflation and output variances. More importantly, this paper shows that in terms of monetary policy frontier, monetary policy could have been more effective if the central bank had focused on sectoral stabilization as opposed to traditional stabilization.","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"63 1","pages":"55-77"},"PeriodicalIF":0.0,"publicationDate":"2013-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76195680","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Effect of Human Capital on Foreign Direct Investment Inflows","authors":"L. S. Hook, M. Karimi, Z. Yusop, Lee Chin","doi":"10.17256/JER.2013.18.1.004","DOIUrl":"https://doi.org/10.17256/JER.2013.18.1.004","url":null,"abstract":"The purpose of this study is to assess whether and to what extent HC contributes to national economies, and the influence it has on subsequent FDI flowing into those economies. A systematic empirical study based on the Generalized Method of Moments (GMM) for 50 developed and developing countries has been undertaken by this study; in order to evaluate the role of HC on FDI inflows using all indicators previously used as a HC proxy in previoues studies.","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"90 1","pages":"79-101"},"PeriodicalIF":0.0,"publicationDate":"2013-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73556314","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Exchange Rate Pass Through to Domestic Prices: Evidence from Mauritius","authors":"V. Tandrayen‐Ragoobur, Anjulee Chicooree","doi":"10.17256/JER.2013.18.1.001","DOIUrl":"https://doi.org/10.17256/JER.2013.18.1.001","url":null,"abstract":"The study investigates the extent and degree of exchange rate pass through to prices at different distribution levels, namely from import prices, to producer up to consumer prices, for the small island economy of Mauritius which is highly dependent on external markets. Using data from 1999 to 2010 and a Structural Vector Autoregressive (SVAR) model, we also focus on the existence and degree of causality between exchange rate and domestic prices.","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"164 1","pages":"1-33"},"PeriodicalIF":0.0,"publicationDate":"2013-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78796600","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An Empirical Study on Credit Card Usage","authors":"H. Jung, Sung-Jin Cho, Justin Chung","doi":"10.17256/JER.2013.18.1.005","DOIUrl":"https://doi.org/10.17256/JER.2013.18.1.005","url":null,"abstract":"This paper is an empirical examination of the pattern of credit card usage and its implications for the profitability of the credit card companies. Using a detailed micro dataset obtained from one of the leading credit card companies, we first verify the validity of several conjectures regarding credit card usage of customers, and then try to compare the characteristics of the most and least profitable customers to the company. We then proceed to identifying occupational groups of the customers based on the purchasing pattern of customers. Finally, we attempt to replicate the credit card company’s own credit rating system using a simple regression, and successfully identify several important factors affecting the credit ratings of the customers. We believe that the paper plays an important role in providing substantial information on the factors affecting the credit rating of customers and on credit card usage at the micro level.","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"1 1","pages":"103-124"},"PeriodicalIF":0.0,"publicationDate":"2013-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89892491","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Xin Yan, Hua Shen, Charles Loh, Jianzhong Shao, Yuhong Yang, Chunling Lu
{"title":"A longitudinal study about the effect of practicing Yan Xin Qigong on medical care cost with medical claims data.","authors":"Xin Yan, Hua Shen, Charles Loh, Jianzhong Shao, Yuhong Yang, Chunling Lu","doi":"","DOIUrl":"","url":null,"abstract":"<p><p>We use 7-year longitudinal medical claims data and statistical models to study the relationship between practicing Yan Xin Qigong (YXQG), a traditional advanced Chinese Qigong that has been integrated with modern science and technology, and practitioners' medical care utilization and the associated costs. We find that for the sampled practitioners, their average monthly medical visits and the associated costs are significantly lower after practicing YXQG. After controlling for other factors, the longer of practicing YXQG, the more likely there was a fall in average medical visits and medical costs. The main findings are robust to various estimation methods.</p>","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"10 2","pages":"391-403"},"PeriodicalIF":0.0,"publicationDate":"2013-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4330469/pdf/nihms576577.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"33068433","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Is a Group that Does Not Produce a Group Good Really Unproductive","authors":"Hong Chong Cho","doi":"10.17256/JER.2012.17.3.002","DOIUrl":"https://doi.org/10.17256/JER.2012.17.3.002","url":null,"abstract":"Why do people form social groups that do not produce a kind of group goods (public goods for the members only) nor directly increase the productivities of the members as firms or interest groups do? This study rationalizes such behaviors in order to gain more precise signals of the potential partner types in a transaction. Indeed, signal improving groups are individually rational to join for those with signals above a threshold level. Also, the groups are socially desirable in that they increase the chances of more profitable transactions.","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"24 1","pages":"223-245"},"PeriodicalIF":0.0,"publicationDate":"2012-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89673842","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Some Comparative Statics Of Entry In Markets With Demand Complementarities","authors":"Daigyo Seo, Jonghyup Shin, Jae-Kee Cho","doi":"10.17256/JER.2012.17.3.004","DOIUrl":"https://doi.org/10.17256/JER.2012.17.3.004","url":null,"abstract":"This paper develops a two-market Cournot model with complementary demands to investigate comparative statics associated with symmetric and asymmetric entry. Notably, while market prices are decreasing with the number of market rivals, asymmetric entry actually causes prices to rise in the adjacent, complementary market. In addition, the price-decreasing effects of symmetric entry are attenuated with strong cross-price effects.","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"1 1","pages":"283-293"},"PeriodicalIF":0.0,"publicationDate":"2012-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77532855","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Sequential and Circular Migration: Theory and Decision Rules Under Imperfect Information","authors":"K. Basu","doi":"10.17256/JER.2012.17.3.001","DOIUrl":"https://doi.org/10.17256/JER.2012.17.3.001","url":null,"abstract":"This paper proposes a model which makes an attempt to incorporate heterogeneous labor and imperfect information in the theory of sequential and circular migration of labor. An attempt has been made in this paper to capture the individual’s migration decision and behavior based upon maximizing expected utility of terminal wealth. Here, the individuals are considered to be heterogeneous in terms of their human capital endowment. The incentive to make the initial move is determined by a solution to a stochastic control problem. The reason for posing migration as a stochastic control problem is that the outcome of the migration is uncertain. The result of this stochastic control problem has been extended to adaptive control processes of a learning sort. Circular migration occurs via a continuous process of evaluation and reevaluation of labor market conditions in different regions. The model presented in this paper provides a mechanism which allows us to identify certain decision rules regarding the process of sequential and circular migration. The model provides a theory which can extensively explain the mechanism of sequential and circular migration under a stochastic framework.","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"27 1","pages":"203-221"},"PeriodicalIF":0.0,"publicationDate":"2012-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83522917","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Private Investment In Sub-Saharan Africa: a Dynamic Panel Approach","authors":"K. Shawa, F. Mwega, D. Kulundu","doi":"10.17256/JER.2012.17.3.003","DOIUrl":"https://doi.org/10.17256/JER.2012.17.3.003","url":null,"abstract":"We use both the first-difference and the System GMM to model private investment in Sub-Saharan Africa. Results show that the private investment rate is persistent and that, current account deficit, inflation, per capita income, per capita income growth, population growth, public investment rate, real interest rate, total debt service/GDP, debt stock/GDP, terms of trade growth, trade openness, and the political environment jointly exert a significant impact on private investment. Based on the results, a broad range of policies has been suggested including, inflation reduction, improvement in infrastructure, efficient utilization of domestic resources, export promoting policies, and conflict resolution mechanisms to create political environments that attract private investment. The policy framework should also take into account the persistent nature of the private investment rate, bearing in mind the important adjustment effects of the private investment rate.","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"26 1","pages":"247-281"},"PeriodicalIF":0.0,"publicationDate":"2012-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84580693","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}