Economics

Publications

Forthcoming

Chisik, R. "Trade Disputes, Quality Choice, and Economic Integration," Journal of International Economics.
Kam, E., "Endogenous Time Preference and Cash-in-Advance Economies," Greek Economic Review.
Missios, P., “A Cross-Country Study of Waste Prevention and Recycling: Assessing the Effectiveness of Policy Instruments” (with I. Ferrara), Land Economics.
Shiamptanis, C., "Fiscal Risk in A Monetary Union" (with B. Daniel), European Economic Review.
Thompson, B.S., ”Empirical likelihood-based inference for poverty measures with relative poverty lines,” Econometric Reviews.
Thompson, B.S., "Flat rate taxes and relative poverty measurement," Social Choice and Welfare.
Thompson, B.S., “Empirical issues in lifetime poverty measurement” (with M. Hoy and B. Zheng), Journal of Economic Inequality.
Thompson, B.S., ”Testing for bivariate stochastic dominance using inequality restrictions” (with T. Stengos), Economics Letters.
Yildiz, H.M., "Foreign Direct Investment and Customs Union: Incentives for Multilateral Tariff Cooperation over Free Trade, Journal of International Trade and Economic Development.
Yildiz, H.M., “Hub and Spoke Trade Agreements under Oligopoly with Asymmetric Costs,” Journal of International Trade and Economic Development.
Yildiz, H.M., "On the Relationship between Preferential and Multilateral Trade Liberalization: The Case of Customs Unions" (with Kamal Saggi and Alan Woodland), American Economic Journal: Microeconomics.

2012

Missios, P., "Pricing of Drugs with Heterogeneous Health Care Coverage" (with I. Ferrara), Journal of Health Economics 31(2), 440-456.
Tajibaeva, L., "Property Rights, Renewable Resources and Economic Development," Environmental and Resource Economics, 51(1): 23-41.
Kim, M.S., "Simple and Powerful GMM Over-identifcation Tests with Accurate Size," (with Y. Sun), Journal of Econometrics, 166, 267-281.

2011

Caponi V., "Intergenerational Transmission of Abilities and Self Selection of Mexican Immigrants," International Economic Review, 52(2), 523-547.
Kam, Eric, and John Smithin (2011) "Capitalism in One Country: A Re-examination of Mercantilist Systems From The Financial Point of View," in Financial Institutions and Economic Growth in the Context of the Domination of Finance Capital and Globalization: Financing for Development Financial Crisis, eds., N. Levy Orlik, and T. Lopez Gonzalez, Mexico City, Juan Pablo, 37-56.
Kim, M.S., "Spatial Heteroskedasticity and Autocorrelation Consistent Estimation of Covariance Matrix," (with Yixiao Sun), Journal of Econometrics, 160 (2011), pp. 349-371.
Sen D., "A theory of sharecropping: the role of price behavior and imperfect," Journal of Economic Behavior & Organization, 80(1), 181-199.
Sen D., "Outsourcing induced by strategic competition," (with Y. Chen and P. Dubey), International Journal of Industrial Organization, 29(4), 484-492.
Yildiz, H.M., "Free trade, autarky and the sustainability of an international environmental agreement," (with H. Benchekroun), B.E. Journal of Economic Analysis & Policy (Contributions), 11(1), article 9.
Yildiz, H.M., "Bilateral trade agreements and the feasibility of multilateral free trade," (with K. Saggi), Review of International Economics, 19(2), 356-373.

2010

Angyridis, C. and Jolly, M., "Fiscal implications of the 2001 and 2003 Bush tax cuts," Journal of Economic Asymmetries, 7(1), 69-99.
Bajona, C., "Reforming State Owned Enterprises in China: Effects of WTO Accession," (with Tianshu Chu), Review of Economic Dynamics 13: 800-823.
Bajona, C., "Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model," (with Timothy J. Kehoe), Review of Economic Dynamics 13: 487-503.
Caponi, V., "The Impact of Aggregate and Sectoral Fluctuations on Training Decisions," B.E. Journal of Macroeconomics - Advances. Vol. 1, Iss. 1, Art. 18.
Caponi, V.,"Heterogeneous Human Capital and Migration: Who Migrates from Mexico to the US?" Annales d'Economie et de Statistique, 97/98, 207-234.
Michelis, L., "Savings, investment, employment, and inflation in a small open economy with habit persistence," (with A. Mansoorian and M. Mohsin), Macroeconomic Dynamics, 14(3), 365-387.
Michelis, L., "Monetary policy in a small open economy with durable goods and differing cash-in-advance constraints," (with A. Mansoorian), Economics Letters, 107(2), 246-248.
Michelis, L., "On money and capital with durable goods," (with A. Mansoorian), Economics Letters, 107(1), 36-38.
Michelis, L. and Ning, C., "The dependence structure between the Canadian stock market and the USD/CAD exchange rate: a copula approach," Canadian Journal of Economics, 43(3), 1016–1039.
Ning, C., "Dependence structure between the equity market and the foreign exchange market-a copula approach," Journal of International Money and Finance, 29(5), 743-759.
Peng, A., " A reinvestigation of contract duration using quantile regression for counts analysis," (with C. Liu), Economics Letters, 106(3), 184-187.
Peng, A., "Dividing time between work and study: are tuition fees a factor?" (with L. Yang), Canadian Journal of Higher Education, 40(1), 13-29.
Peng, A., "Labor contract duration, indexation, and wage adjustment: interdependence and inflation propagation mechanisms," (with L.N. Christofides), Industrial Relations, 49(2), 226–247.
Roche, M.J., " Solving exchange rate puzzles with neither sticky prices nor trade," (with M.J. Moore), Journal of International Money and Finance, 29(6), 1151-1170
Thompson, B. S. "Statistical inference for vector measures of inequality and poverty," Journal of Economic Inequality 8, 451-462.
Yildiz, H.M. "Bilateralism, Multilateralism and the Quest for Global Free Trade," (with Kamal Saggi), Journal of International Economics, 81 (1), pp 26-37.
Yildiz, H.M. "The Implications of a South-South Customs Union on Tariffs, Welfare, and the Prospect of Global Free Trade," (with Hiranya K. Nath), Journal of Business Strategies, Vol. 27, No 1, 75-91

2009

Angyridis, C., "Monetary Policy in a Small Open Economy with Marshallian Preferences," Economic Record 85(1) 21-31(with A. Mansoorian)
Angyridis, C., "Balanced Budget vs. Tax Smoothing in a Small Open Economy: A Welfare Comparison" Journal of Macroeconomics, 31 438-463
Bajona, C., "Entrepreneurship and Productivity: The Slow Growth of the Planned Economies," Review of Economic Dynamics, 12(3) 505-522 (with L. Locay)
Caponi, V., "Post-Secondary Education in Canada: Can Ability Bias Explain the Earnings Gap Between College and University Graduates?," Canadian Journal of Economics, 42(3) 1100-1131 (with M. Plesca)
Missios, P. And H. M. Yildiz, "Trading Rules and the Environment: Does Equal Treatment Lead to a Cleaner World?" Journal of Environmental Economics and Management 58(2) 206-225 (with I. Ferrara)
Ning, C.,"Extreme Return-Volume Dependence in East-Asian Stock Markets: A Copula Approach", Finance Research Letters 6, 202-209 (with Tony Wirjanto)
Sen, D., "Drastic Innovations and Multiplicity of Optimal Licencing Policies," Economics Letters, 105(1) 7-10 (with G. Stamatopoulos)
Sen, D., "Technology Transfer Under Returns to Scale," The Manchester School, 77(3) 337-365 (with G. Stamatopoulos)
Thompson, B.S. (2009). "The evolution of the conditional joint distribution of life expectancy and per capita income growth," Advances in Econometrics 25, 171-191 (with T. Stengos and X. Wu).
Thompson, B.S. (2009). "Minimum wage increases as an anti-poverty policy in Ontario," Canadian Public Policy 35, 373-379 (with A. Mascella and S. Teja).
Thompson, B. S. (2009). "Nonparametric estimation and specification testing of a two-factor interest rate model," Economics Bulletin 29, 2346-2352.
Yildiz, H. M. "International Productivity Differences and Roles of Domestic Investment, FDI, and Trade," International Economic Journal, 23(1) 121-142 (with Gouranga Das and Hiranya Nath)
Yildiz, H. M. "Optimal Tariffs of Preferential Trade Agreements and the Tariff Complementarity Effect," Indian Growth and Development Review, 2(1) 5-17 (with Kamal Saggi)
Yoshimine, K. and T. P. Barbiero, "Trade in Capital Goods and International Co-Movements of Macroeconomic Variables," Open Economies Review, 20(1) 113-122

2008

Bajona, C., "China's Vulnerability to Currency Crisis: A KLR Signals Approach," China Economic Review, 19(2) 138-151 (with D. Peng).
Michelis, L. "The Term Structure of Interest Rates in the New and Prospective EU," Applied Economics 40(4), 479-490 (with M. Koukouritakis).
Ning, C., "Estimation of the stochastic conditional duration model via alternative methods," The Econometrics Journal 11(3), 573-592 (with J. Knight).
Ning, C., "Modelling leverage effect with copulas and realized volatility," Finance Research Letters 5(4), 221-227(with D. Xu and T. Wirjanto)
Peng, A., "Modelling Uncertainty: A Recursive VAR Bootstrapping Approach," Economics Letters 99(3), 478-481 (with L. Yang).
Roche, M. J., "Volatile and Persistent Real Exchange Rates with or without Sticky Prices," Journal of Monetary Economics 55(2), 423-433 (with M. J. Moore).
Tajibaeva, L., "A Discrete Space Urban Model with Environmental Amenities", Resource and Energy Economics 30, 170-196 (with R. Haight, and S. Polasky).

2007

Angyridis, C. "Optimal Capital Income Taxation in a Small Open Economy," Economics Letters 95(1), 73-79.
Angyridis, C., "The Harberger-Laursen-Metzler Effect with Marshallian Preferences," Economics Bulletin 6(11), 1-11 (with A. Mansoorian)
Michelis, L. "EU Enlargement and the EMU," Journal of Economic Integration 22(1), 156-180 (with M. Koukouritakis).
Missios, P., "Does Size Really Matter? Landfill Scale Impacts on Property Values," Applied Economics Letters, 14(10), 719-723 (with J.S. Lim).
Missios, P., "Local Willingness-to-Pay Estimates for the Remediation of the Sydney Tar Ponds in Nova Scotia," Canadian Public Policy 33(4), 441-458 (with S. McComb and I. Ferrara).
Sen, D. "General licensing schemes for a cost-reducing innovation," Games and Economic Behavior 59(1), 163-186 (with Y. Tauman).
Yildiz, H. M. "Sustaining Cooperation Among Asymmetric Countries: Does MFN Help?," International Review of Economics and Finance, 16(4), 543-562 (with K. Saggi and F. Sengul)
Yoshimine, K. "The effect of the corporate tax rate on the trade balance," Applied Economics Letters 5(14), 343-347 (with S. C. Norrbin).

2006

Angyridis, C. "Optimal Capital Income Taxation in an Asymmetric Small Open Economy", Journal of Economic Asymmetries 3(1), 87-101.
Kam, E. "Monetary Policy and Endogenous Time Preference," Journal of Economic Studies, 33(1), 52-67 (with M. Mohsin).
Michelis, L. "EU Enlargement and the Eurozone: Convergence or Divergence?", Journal of Economic Asymmetries 3(1), 39-58 (with M. Koukouritakis).
Michelis, L. "The Transition to a New Inflation Rate in Models with Habit Formation," Economics Letters 91, 56-60 (with A. Mansoorian).
Missios, P. and H. M. Yildiz (2006), "The Role of MFN under Asymmetries in Environmental Standards", Economics Letters 93, 297-304.
Roche, M. J., "The Equity Premium Puzzle and Decreasing Relative Risk Aversion," Applied Financial Economics Letters 2(3), 179-182.
Roche, M. J., "Rural Land Use: Traditional Agriculture or Forestry," Land Economics 82(1), 112-123 (with J. Behan and K. McQuinn).
Tajibaeva, L.(2006), "Capital Accumulation and Resource Depletion: A Hartwick Rule Counterfactual," Environmental & Resource Economics 34(4), 517-533 (with K. Hamilton and G. Ruta).
Yildiz, H. M. "On the International Linkages between Trade and Merger Policies," Review of International Economics, 14 (2), 212-225, May 2006 (with Kamal Saggi)

2005

Kam, E. "A Note on Time Preference and the Tobin Effect," Economics Letters, 89, 127-132.
Kam, E. "Notes on Money, Credit and Banking in the Process of Economic Development," Economia Informa, 337, 6-16 (with J. Smithin).
Michelis, L. "Money, capital, and real liquidity effects with habit formation," Canadian Journal of Economics 38(2), 430-453 (with A. Mansoorian).
Michelis, L. "Money, Habits and Growth," Journal of Economic Dynamics and Control 29(7), 1267-1285 (with A. Mansoorian).
Michelis, L., "Bootstrap and Pretest J-type Non-nested Tests for Orthogonal Regression Models: Some Monte Carlo Evidence," Journal of Quantitative Economics, 2005, 3, 2, 82-97 (with T. Stengos and L. Yang).
Missios, P. "Recycling and Waste Diversion Effectiveness: Evidence from Canada," Environmental and Resource Economics 30(2), 221-238 (with I. Ferrara).
Roche, M. J., "A Neo-classical Explanation of Nominal Exchange Rate Volatility" published in Exchange Rate Economics: Where Do We Stand? edited by Paul de Grauwe, 63-86, MIT Press: Cambridge, (with M.J. Moore).
Sen, D. "Fee versus royalty reconsidered," Games and Economic Behavior 53(1), 141-147.
Sen, D. "On the coexistence of different licensing schemes," International Review of Economics and Finance 14, 393-413.
D. Sen "Subsidy in licensing: optimality and welfare implications," The Manchester School 73, 281-299 (with C. H. Liao).
Yildiz, H. M. "Trade Liberalization, Nature of Mergers and Employment," Journal of International Trade and Economic Development, 14 (1), 43-63, March 2005 (with Joao Ricardo Faria)
Yildiz, H. M. "An analysis of the MFN clause under asymmetries of cost and market structure," Canadian Journal of Economics, 38 (1), 242-254, February 2005 (with Kamal Saggi)

2004

Kam, E. "Monetary Policy and Demand Management for the Small Open Economy in Contemporary Conditions with (perfectly) Mobile Capital," Journal of Post Keynesian Economics 26(4), 679-94 (with J. Smithin).
Kam, E. (2004) "A Note on Cash-in-Advance Constraints in Continuous Time," Economics Bulletin 5(4), 1-8.
Michelis, L. "Regional Convergence in Greece in the 1980s: An Empirical Investigation," Applied Economics 36, 881-88 " (with A. Papadopoulos and G. Papanikos).
Missios, P. '"Habitat, Wildlife Trade and Endangered Species Protection," Australian Journal of Agricultural and Resource Economics 48(4), 613-627.
Peng, A. "Contract duration and indexation in a period of real and nominal uncertainty," Labour Economics 13(1), 61-86 (with L. Christofides).
Roche, M. J., "A Neo-classical Explanation of Nominal Exchange Rate Volatility" published in Exchange Rate Economics: Where Do We Stand? edited by Paul de Grauwe, 63-86, MIT Press: Cambridge, (with M.J. Moore).
Sen, D. "The kinked demand curve revisited" Economics Letters 84, 99-105