Browsing The Economic and Social Review, Vol. 26, No. 1, October, 1994 by Date of Publication

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  • What causes Irish recessions: fluctuations in aggregate demand or aggregate supply? 

    Cosgrove, Karen; Roche, Maurice (Economic & Social Studies, Dublin, 1994)
    The new classical view of the market economy is used to impose restrictions on a vector autoregression of output, interest rates, prices and money, to identify aggregate demand and supply structural disturbances. We use ...

  • Artificial regression based mis-specification tests for discrete choice models 

    Murphy, Anthony (Economic & Social Studies, Dublin, 1994)
    Lagrange Multiplier (LM) tests for omitted variables, neglected heteroscedasticity and other mis-specifications in general discrete choice models may be simply and conveniently calculated using an artificial regression. ...

  • A flow analysis of the Irish Live Register 

    Harrison, Michael J.; Walsh, Patrick Paul (Economic & Social Studies, Dublin, 1994)
    This paper makes use for the first time of data on the flows into and out of the Irish Live Register. It describes the construction of consistent quarterly flow series for the period 1967 to 1993. The analysis suggests ...

  • The implicit costs of trading in a jointly listed Irish equity 

    Dunne, Peter G. (Economic & Social Studies, Dublin, 1994)
    The paper invokes the concept of an implicit bid-ask spread in the Irish Stock Market and measures the consequent cost to traders as the expected gap between the price of sell and buy orders when these have been executed ...

  • Time consistency, learning by doing and infant-industry protection: The linear case 

    Leahy, Dermot; Neary, J. Peter (Economic & Social Studies, Dublin, 1994)
    This paper examines the implications for strategic trade policy of diiferent assumptions about precommitment in a dynamic oligopoly game with learning by doing. Assuming that demands are linear, we find that the optimal ...

  • Economic integration and industrial agglomeration 

    Venables, Anthony J. (Economic & Social Studies, Dublin, 1994)
    This paper reviews recent research on industrial location, focusing on the way in which reducing barriers to trade may induce relocation of industry. Integration may cause industries to agglomerate in a few locations, this ...

  • Adverse selection and moral hazard in government grant giving 

    Murshed, S. Mansoob (Economic & Social Studies, Dublin, 1994)
    The purpose of this paper is to relate problems of asymmetric information to government grant giving. The innovation in the paper is to extend the asymmetricity to both principal (donor/government) and agent (recipient) ...