IHS Economics Series

IHS Series

Hlouskova, JaroslavaORCID: https://orcid.org/0000-0002-2298-0068; Fortin, InesORCID: https://orcid.org/0000-0003-4517-455X and Tsigaris, Panagiotis (November 2018) The consumption-investment decision of a prospect theory household: A two-period model with an endogenous second period reference level. Former Series > Working Paper Series > IHS Economics Series 344, 68 p.

Schmidpeter, Bernhard and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (August 2018) How do Automation and Offshorability Influence Unemployment Duration and Subsequent Job Quality? Former Series > Working Paper Series > IHS Economics Series 343, 36 p.

Costantini, Mauro and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (July 2018) On Using Predictive-ability Tests in the Selection of Time-series Prediction Models: A Monte Carlo Evaluation. Former Series > Working Paper Series > IHS Economics Series 341, 38 p.

Norets, Andriy and Pelenis, Justinas (July 2018) Adaptive Bayesian Estimation of Mixed Discrete-Continuous Distributions under Smoothness and Sparsity. Former Series > Working Paper Series > IHS Economics Series 342, 34 p.

Felfe, Christina; Kocher, Martin G.ORCID: https://orcid.org/0000-0002-6792-1192; Rainer, Helmut; Saurer, Judith and Siedler, Thomas (April 2018) More Opportunity, More Cooperation? The Behavioral Effects of Birthright Citizenship on Immigrant Youth. Former Series > Working Paper Series > IHS Economics Series 340, 55 p.

Guber, Raphael; Kocher, Martin G.ORCID: https://orcid.org/0000-0002-6792-1192 and Winter, Joachim (March 2018) Does Having Insurance Change Individuals' Self-confidence? Former Series > Working Paper Series > IHS Economics Series 338, 36 p.

Kocher, Martin G.ORCID: https://orcid.org/0000-0002-6792-1192; Schindler, David; Trautmann, Stefan T. and Xu, Yilong (March 2018) Risk, Time Pressure, and Selection Effects. Former Series > Working Paper Series > IHS Economics Series 339, 37 p.

Davoine, ThomasORCID: https://orcid.org/0000-0002-5941-0798 (February 2018) Population aging and cross-country redistribution in integrated capital markets. Former Series > Working Paper Series > IHS Economics Series 337, 35 p.

Frimmel, Wolfgang; Halla, Martin; Schmidpeter, Bernhard and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (December 2017) Grandmothers' Labor Supply. Former Series > Working Paper Series > IHS Economics Series 336, 38 p.

Dinev, Nikolay (December 2017) Voluntary Bankruptcy as Preemptive Persuasion. Former Series > Working Paper Series > IHS Economics Series 334, 38 p.

Sellner, RichardORCID: https://orcid.org/0000-0001-7519-184X (November 2017) Non-discriminatory Trade Policies in Structural Gravity Models. Evidence from Monte Carlo Simulations. Former Series > Working Paper Series > IHS Economics Series 335, 25 p.

Stypka, Oliver; Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797; Grabarczyk, Peter and Kawka, Rafael (October 2017) The Asymptotic Validity of "Standard" Fully Modified OLS Estimation and Inference in Cointegrating Polynomial Regressions. Former Series > Working Paper Series > IHS Economics Series 333, 48 p.

Bárány, Zsófia L. and Siegel, Christian (September 2017) Disentangling Occupation- and Sector-specific Technological Change. Former Series > Working Paper Series > IHS Economics Series 331, 36 p.

Rendahl, Pontus (September 2017) Linear Time Iteration. Former Series > Working Paper Series > IHS Economics Series 330, 21 p.

Alós-Ferrer, Carlos and Ritzberger, Klaus (August 2017) Multi-Lateral Strategic Bargaining Without Stationarity. Former Series > Working Paper Series > IHS Economics Series 332, 33 p.

Davoine, ThomasORCID: https://orcid.org/0000-0002-5941-0798 and Molnar, Matthias (March 2017) Cross-country fiscal policy spillovers and capital-skill complementarity in currency unions. Former Series > Working Paper Series > IHS Economics Series 329, 30 p.

Reiter, MichaelORCID: https://orcid.org/0000-0001-9490-8746; Sveen, Tommy and Weinke, Lutz (March 2017) Agency Costs and the Monetary Transmission Mechanism. Former Series > Working Paper Series > IHS Economics Series 328, 21 p.

Crespo-Cuaresma, Jesús; Fortin, InesORCID: https://orcid.org/0000-0003-4517-455X and Hlouskova, JaroslavaORCID: https://orcid.org/0000-0002-2298-0068 (January 2017) Exchange rate forecasting and the performance of currency portfolios. Former Series > Working Paper Series > IHS Economics Series 326, 64 p.

Dierker, Egbert (January 2017) The role of initial shares in multi-period production economies with incomplete markets. Former Series > Working Paper Series > IHS Economics Series 327, 22 p.

Kirchner, Susanne and Sögner, LeopoldORCID: https://orcid.org/0000-0001-5388-0601 (October 2016) An Exploratory Analysis on the Risk to be Offended on the Internet. Former Series > Working Paper Series > IHS Economics Series 325, 38 p.

Frühwirth-Schnatter, Sylvia; Pittner, Stefan; Weber, Andrea and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (October 2016) Analysing Plant Closure Effects Using Time-Varying Mixture-of-Experts Markov Chain Clustering. Former Series > Working Paper Series > IHS Economics Series 324, 28 p.

Candogan, Ozan; Epitropou, Markos and Vohra, Rakesh V. (August 2016) Competitive Equilibrium and Trading Networks: A Network Flow Approach. Former Series > Working Paper Series > IHS Economics Series 323, 20 p.

Fortin, InesORCID: https://orcid.org/0000-0003-4517-455X; Hlouskova, JaroslavaORCID: https://orcid.org/0000-0002-2298-0068 and Tsigaris, Panagiotis (June 2016) The Consumption-Investment Decision of a Prospect Theory Household: A Two-Period Model. Former Series > Working Paper Series > IHS Economics Series 322, 58 p.

Bárány, Zsófia; Coeurdacier, Nicolas and Guibaud, Stéphane (May 2016) Fertility, Longevity, and Capital Flows. Former Series > Working Paper Series > IHS Economics Series 321, 65 p.

Reiter, MichaelORCID: https://orcid.org/0000-0001-9490-8746 (December 2015) Solving OLG Models with Many Cohorts, Asset Choice and Large Shocks. Former Series > Working Paper Series > IHS Economics Series 320, 41 p.

Lackner, Mario; Stracke, Rudi; Sunde, Uwe and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (November 2015) Are Competitors Forward Looking in Strategic Interactions? Evidence from the Field. Former Series > Working Paper Series > IHS Economics Series 319, 55 p.

Papp, Tamás K. (November 2015) The structure of labor market flows. Former Series > Working Paper Series > IHS Economics Series 318, 34 p.

Carrillo-Tudela, Carlos and Coles, Melvyn (October 2015) Quit Turnover and the Business Cycle: A Survey. Former Series > Working Paper Series > IHS Economics Series 317, 26 p.

Beviá, Carmen; Corchon, Luis and Yasuda, Yosuke (September 2015) Oligopolistic Equilibrium and Financial Constraints. Former Series > Working Paper Series > IHS Economics Series 316, 33 p.

Hlouskova, JaroslavaORCID: https://orcid.org/0000-0002-2298-0068 and Sögner, LeopoldORCID: https://orcid.org/0000-0001-5388-0601 (August 2015) GMM Estimation of Affine Term Structure Models. Former Series > Working Paper Series > IHS Economics Series 315, 64 p.

Asparouhova, Elena; Bossaerts, Peter; Roy, Nilanjan and Zame, William (June 2015) 'Lucas' In The Laboratory. Former Series > Working Paper Series > IHS Economics Series 314, 95 p.

Blume, Lawrence; Cogley, Timothy; Easley, David; Sargent, Thomas and Tsyrennikov, Viktor (June 2015) A Case for Incomplete Markets. Former Series > Working Paper Series > IHS Economics Series 313, 45 p.

Albanesi, Stefania and Nosal, Jaromir (April 2015) Insolvency After the 2005 Bankruptcy Reform. Former Series > Working Paper Series > IHS Economics Series 312, 47 p.

Davoine, ThomasORCID: https://orcid.org/0000-0002-5941-0798 (March 2015) A theoretical rationale for flexicurity policies based on education. Former Series > Working Paper Series > IHS Economics Series 311, 27 p.

Guo, Yingni and Hörner, Johannes (March 2015) Dynamic Mechanisms without Money. Former Series > Working Paper Series > IHS Economics Series 310, 71 p.

Costantini, Mauro; Gunter, Ulrich and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (December 2014) Forecast combinations in a DSGE-VAR lab. Former Series > Working Paper Series > IHS Economics Series 309, 57 p.

Frühwirth-Schnatter, Sylvia; Pamminger, Christoph; Weber, Andrea and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (October 2014) When Is The Best Time To Give Birth? Former Series > Working Paper Series > IHS Economics Series 308, 27 p.

Dunker, Fabian; Hoderlein, Stefan and Kaido, Hiroaki (October 2014) Nonparametric Identification of Endogenous and Heterogeneous Aggregate Demand Models: Complements, Bundles and the Market Level. Former Series > Working Paper Series > IHS Economics Series 307, 33 p.

Egger, Peter; Erhardt, Katharina and Keuschnigg, Christian (September 2014) Heterogeneous Tax Sensitivity of Firm-level Investments. Former Series > Working Paper Series > IHS Economics Series 306, 45 p.

Costantini, Mauro; Crespo-Cuaresma, Jesús and Hlouskova, JaroslavaORCID: https://orcid.org/0000-0002-2298-0068 (September 2014) Can Macroeconomists Get Rich Forecasting Exchange Rates? Former Series > Working Paper Series > IHS Economics Series 305, 37 p.

Pohlmeier, Winfried; Seiberlich, Ruben and Uysal, S. Derya (September 2014) A Simple and Successful Shrinkage Method for Weighting Estimators of Treatment Effects. Former Series > Working Paper Series > IHS Economics Series 304

Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (March 2014) A Combined Nonparametric Test for Seasonal Unit Roots. Former Series > Working Paper Series > IHS Economics Series 303

Ichino, Andrea; Schwerdt, Guido; Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 and Zweimüller, Josef (December 2013) Too Old to Work, Too Young to Retire?: Revised Version of Working Paper 220, Economics Series, October 2007. Former Series > Working Paper Series > IHS Economics Series 302

Matsuyama, Kiminori (October 2013) Institution-Induced Productivity Differences and Patterns of International Capital Flows. Former Series > Working Paper Series > IHS Economics Series 301

Al-Najjar, Nabil I. and Weinstein, Jonathan (July 2013) A Bayesian Model of Knightian Uncertainty. Former Series > Working Paper Series > IHS Economics Series 300

Edmond, Chris; Midrigan, Virgiliu and Xu, Daniel Yi (July 2013) Competition, Markups, and the Gains from International Trade. Former Series > Working Paper Series > IHS Economics Series 299

Blume, Lawrence; Brock, William A.; Durlauf, Steven N. and Jayaraman, Rajshri (June 2013) Linear Social Interactions Models. Former Series > Working Paper Series > IHS Economics Series 298

Uysal, S. Derya (June 2013) Doubly Robust Estimation of Causal Effects with Multivalued Treatments. Former Series > Working Paper Series > IHS Economics Series 297

Mutl, Jan and Sögner, LeopoldORCID: https://orcid.org/0000-0001-5388-0601 (May 2013) Parameter Estimation and Inference with Spatial Lags and Cointegration. Former Series > Working Paper Series > IHS Economics Series 296

Polasek, Wolfgang (April 2013) Spatial Chow-Lin Models for Completing Growth Rates in Cross-sections. Former Series > Working Paper Series > IHS Economics Series 295

Liu, Shuangzhe; Ma, Tiefeng and Polasek, Wolfgang (December 2012) Spatial System Estimators for Panel Models: A Sensitivity and Simulation Study. Former Series > Working Paper Series > IHS Economics Series 294

Schneeweis, Nicole; Skirbekk, Vegard and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (November 2012) Does Schooling Improve Cognitive Functioning at Older Ages? Former Series > Working Paper Series > IHS Economics Series 293

Costantini, Mauro; Gunter, Ulrich and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (October 2012) Forecast Combination Based on Multiple Encompassing Tests in a Macroeconomic DSGE-VAR System. Former Series > Working Paper Series > IHS Economics Series 292

Fortin, InesORCID: https://orcid.org/0000-0003-4517-455X and Hlouskova, JaroslavaORCID: https://orcid.org/0000-0002-2298-0068 (September 2012) Optimal Asset Allocation under Quadratic Loss Aversion. Former Series > Working Paper Series > IHS Economics Series 291

Dierker, Egbert (September 2012) The Inefficiency of Price Taking Behavior in Multiperiod Production Economies with Incomplete Markets. Former Series > Working Paper Series > IHS Economics Series 290

Ehrmann, Michael; Soudan, Michel and Stracca, Livio (August 2012) Explaining EU Citizens' Trust in the ECB in Normal and Crisis Times. Former Series > Working Paper Series > IHS Economics Series 289

Schuster, Philip (July 2012) Employment Protection, Labor Market Turnover, and the Effects of Globalization. Former Series > Working Paper Series > IHS Economics Series 288

Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 and Zulehner, Christine (June 2012) Market Structure and Market Performance in E-Commerce. Former Series > Working Paper Series > IHS Economics Series 287

Hlouskova, JaroslavaORCID: https://orcid.org/0000-0002-2298-0068 and Tsigaris, Panagiotis (April 2012) What Does it Take for a Specific Prospect Theory Type Household to Engage in Risky Investment? Former Series > Working Paper Series > IHS Economics Series 286

Pelenis, Justinas (April 2012) Bayesian Semiparametric Regression. Former Series > Working Paper Series > IHS Economics Series 285

Polasek, Wolfgang (February 2012) Marketing Response Models for Shrinking Beer Sales in Germany. Former Series > Working Paper Series > IHS Economics Series 284

Hlouskova, JaroslavaORCID: https://orcid.org/0000-0002-2298-0068 and Tsigaris, Panagiotis (February 2012) Capital Income Taxation and Risk Taking under Prospect Theory. Former Series > Working Paper Series > IHS Economics Series 283

Norets, Andriy and Pelenis, Justinas (December 2011) Posterior Consistency in Conditional Density Estimation by Covariate Dependent Mixtures. Former Series > Working Paper Series > IHS Economics Series 282

Fort, Margherita; Schneeweis, Nicole and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (December 2011) More Schooling, More Children: Compulsory Schooling Reforms and Fertility in Europe. Former Series > Working Paper Series > IHS Economics Series 281

Brunello, Giorgio; Fort, Margherita; Schneeweis, Nicole and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (December 2011) The Causal Effect of Education on Health: What is the Role of Health Behaviors? Former Series > Working Paper Series > IHS Economics Series 280

Hackl, Franz; Kügler, Agnes and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (December 2011) Reputation and Certification in Online Shops. Former Series > Working Paper Series > IHS Economics Series 279

Addison, John T. and Ozturk, Orgul Demet (December 2011) Minimum Wages, Labor Market Institutions, and Female Employment: A Cross-Country Analysis. Former Series > Working Paper Series > IHS Economics Series 278

Polasek, Wolfgang (November 2011) The Hodrick-Prescott (HP) Filter as a Bayesian Regression Model. Former Series > Working Paper Series > IHS Economics Series 277

Costantini, Mauro and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (November 2011) On the Usefulness of the Diebold-Mariano Test in the Selection of Prediction Models: Some Monte Carlo Evidence. Former Series > Working Paper Series > IHS Economics Series 276

Polasek, Wolfgang (November 2011) The Extended Hodrick-Prescott (HP) Filter for Spatial Regression Smoothing. Former Series > Working Paper Series > IHS Economics Series 275

Tómasson, Helgi (September 2011) Some Computational Aspects of Gaussian CARMA Modelling. Former Series > Working Paper Series > IHS Economics Series 274

Addison, John T.; Blackburn, Mckinley L. and Cotti, Chad D. (September 2011) Minimum Wage Increases in a Soft U.S. Economy. Former Series > Working Paper Series > IHS Economics Series 273

Vogelsang, Timothy J. and Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (July 2011) A Fixed-b Perspective on the Phillips-Perron Unit Root Tests. Former Series > Working Paper Series > IHS Economics Series 272

Bianconi, Marcelo and Fisher, Walter H. (June 2011) Intertemporal Budget Policies and Macroeconomic Adjustment in Indebted Open Economies. Former Series > Working Paper Series > IHS Economics Series 271

Pedroni, Peter; Vogelsang, Timothy J. and Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (June 2011) Nonparametric Rank Tests for Non-stationary Panels. Former Series > Working Paper Series > IHS Economics Series 270

Heijdra, Ben J. and Heijnen, Pim (May 2011) Environmental Policy and the Macroeconomy in the Presence of Ecological Thresholds. Former Series > Working Paper Series > IHS Economics Series 269

Heijdra, Ben J.; Mierau, Jochen O. and Reijnders, Laurie S.M. (May 2011) The Tragedy of Annuitization. Former Series > Working Paper Series > IHS Economics Series 268

Fisher, Walter H. and Keuschnigg, Christian (May 2011) Life-Cycle Unemployment, Retirement, and Parametric Pension Reform. Former Series > Working Paper Series > IHS Economics Series 267

Polasek, Wolfgang and Sellner, RichardORCID: https://orcid.org/0000-0001-7519-184X (May 2011) Does Globalization Affect Regional Growth?: Evidence for NUTS-2 Regions in EU-27. Former Series > Working Paper Series > IHS Economics Series 266

Engel, Charles (April 2011) The Real Exchange Rate, Real Interest Rates, and the Risk Premium. Former Series > Working Paper Series > IHS Economics Series 265

Hong, Seung Hyun and Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (March 2011) Cointegrating Polynomial Regressions: Fully Modified OLS Estimation and Inference. Former Series > Working Paper Series > IHS Economics Series 264

Vogelsang, Timothy J. and Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (January 2011) Integrated Modified OLS Estimation and Fixed-b Inference for Cointegrating Regressions. Former Series > Working Paper Series > IHS Economics Series 263

Liu, Shuangzhe; Polasek, Wolfgang and Sellner, RichardORCID: https://orcid.org/0000-0001-7519-184X (January 2011) Sensitivity Analysis of SAR Estimators: A numerical approximation. Former Series > Working Paper Series > IHS Economics Series 262

Costantini, Mauro and Lupi, Claudio (January 2011) A Simple Panel-CADF Test for Unit Roots. Former Series > Working Paper Series > IHS Economics Series 261

Blume, Lawrence; Brock, William A.; Durlauf, Steven N. and Ioannides, Yannis M. (October 2010) Identification of Social Interactions. Former Series > Working Paper Series > IHS Economics Series 260

Koziashvili, Arkadi; Nitzan, Shmuel and Tobol, Yossef (October 2010) Bureaucracy Norms and Market Size. Former Series > Working Paper Series > IHS Economics Series 259

Reiter, MichaelORCID: https://orcid.org/0000-0001-9490-8746 (October 2010) Approximate and Almost-Exact Aggregation in Dynamic Stochastic Heterogeneous-Agent Models. Former Series > Working Paper Series > IHS Economics Series 258

Fortin, InesORCID: https://orcid.org/0000-0003-4517-455X and Hlouskova, JaroslavaORCID: https://orcid.org/0000-0002-2298-0068 (September 2010) Optimal Asset Allocation Under Linear Loss Aversion. Former Series > Working Paper Series > IHS Economics Series 257

Ma, Jun and Nelson, Charles R. (September 2010) Valid Inference for a Class of Models Where Standard Inference Performs Poorly: Including Nonlinear Regression, ARMA, GARCH, and Unobserved Components. Former Series > Working Paper Series > IHS Economics Series 256

Polasek, Wolfgang and Sellner, RichardORCID: https://orcid.org/0000-0001-7519-184X (September 2010) Spatial Chow-Lin Methods for Data Completion in Econometric Flow Models. Former Series > Working Paper Series > IHS Economics Series 255

Oga, Takashi and Polasek, Wolfgang (September 2010) The Asia Financial Crises and Exchange Rates: Had there been volatility shifts for Asian currencies? Former Series > Working Paper Series > IHS Economics Series 254

Bode, Eckhardt and Mutl, Jan (July 2010) Testing Nonlinear New Economic Geography Models. Former Series > Working Paper Series > IHS Economics Series 253

Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 and Franses, Philip Hans (July 2010) Asymmetric Time Aggregation and its Potential Benefits for Forecasting Annual Data. Former Series > Working Paper Series > IHS Economics Series 252

Costantini, Mauro; Gunter, Ulrich and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (May 2010) Forecast Combination Based on Multiple Encompassing Tests in a Macroeconomic DSGE System. Former Series > Working Paper Series > IHS Economics Series 251

Polasek, Wolfgang; Schwarzbauer, Wolfgang and Sellner, RichardORCID: https://orcid.org/0000-0001-7519-184X (April 2010) Human Capital and Regional Growth in Switzerland. Former Series > Working Paper Series > IHS Economics Series 250

Dorofeenko, Victor; Lee, Gabriel S. and Salyer, Kevin D. (February 2010) Risk Shocks and Housing Markets. Former Series > Working Paper Series > IHS Economics Series 249

Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (February 2010) Cointegration Analysis with State Space Models. Former Series > Working Paper Series > IHS Economics Series 248

Stark, Oded and Fan, C. Simon (January 2010) A Theory of Migration as a Response to Occupational Stigma. Former Series > Working Paper Series > IHS Economics Series 247

Blume, Lawrence; Easley, David and Halpern, Joseph Y. (November 2009) Constructive Decision Theory. Former Series > Working Paper Series > IHS Economics Series 246

Brandner, Peter; Grech, Harald and Paterson, Iain (November 2009) Unifying EU Representation at the IMF Executive Board: A Voting and Veto Power Analysis. Former Series > Working Paper Series > IHS Economics Series 245

Hlouskova, JaroslavaORCID: https://orcid.org/0000-0002-2298-0068 and Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (September 2009) Finite Sample Correction Factors for Panel Cointegration Tests. Former Series > Working Paper Series > IHS Economics Series 244

Costantini, Mauro and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (September 2009) Combining Forecasts Based on Multiple Encompassing Tests in a Macroeconomic Core System. Former Series > Working Paper Series > IHS Economics Series 243

Polasek, Wolfgang; Schwarzbauer, Wolfgang and Sellner, RichardORCID: https://orcid.org/0000-0001-7519-184X (June 2009) Aggregate and Regional Economic Effects of New Railway Infrastructure. Former Series > Working Paper Series > IHS Economics Series 242

Llano, Carlos; Polasek, Wolfgang and Sellner, RichardORCID: https://orcid.org/0000-0001-7519-184X (June 2009) Bayesian Methods for Completing Data in Space-time Panel Models. Former Series > Working Paper Series > IHS Economics Series 241

Costantini, Mauro and Pappalardo, Carmine (June 2009) A Hierarchical Procedure for the Combination of Forecasts: This is a revised version of Working Paper 228, Economics Series, October 2008, which includes some changes. The most important change regards the reference of Kisinbay (2007), which was not reported in the previous version. The hierarchical procedure proposed in the paper is based on the approach of Kisinbay (2007), but some modifications of that approach are provided. Former Series > Working Paper Series > IHS Economics Series 240

Reiter, MichaelORCID: https://orcid.org/0000-0001-9490-8746; Sveen, Tommy and Weinke, Lutz (May 2009) Lumpy Investment and State-Dependent Pricing in General Equilibrium. Former Series > Working Paper Series > IHS Economics Series 239

Coppier, Raffaella; Costantini, Mauro and Piga, Gustavo (May 2009) Do "Clean Hands" Ensure Healthy Growth?: Theory and Practice in the Battle Against Corruption. Former Series > Working Paper Series > IHS Economics Series 238

Mutl, Jan (March 2009) Panel VAR Models with Spatial Dependence. Former Series > Working Paper Series > IHS Economics Series 237

Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 and Hlouskova, JaroslavaORCID: https://orcid.org/0000-0002-2298-0068 (March 2009) Growth Regressions, Principal Components and Frequentist Model Averaging. Former Series > Working Paper Series > IHS Economics Series 236

Skriner, Edith (February 2009) Competitiveness and Specialisation of the Austrian Export Sector: A Constant-Market-Shares Analysis. Former Series > Working Paper Series > IHS Economics Series 235

Mutl, Jan (February 2009) Consistent Estimation of Global VAR Models. Former Series > Working Paper Series > IHS Economics Series 234

Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (January 2009) A Nonparametric Test for Seasonal Unit Roots. Former Series > Working Paper Series > IHS Economics Series 233

Schneider, Ulrike and Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (November 2008) Catching Growth Determinants with the Adaptive LASSO. Former Series > Working Paper Series > IHS Economics Series 232

Jumah, Adusei and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (November 2008) Optimizing Time-series Forecasts for Inflation and Interest Rates Using Simulation and Model Averaging. Former Series > Working Paper Series > IHS Economics Series 231

Fisher, Walter H. and Heijdra, Ben J. (November 2008) Growth and the Ageing Joneses. Former Series > Working Paper Series > IHS Economics Series 230

Mutl, Jan and Pfaffermayr, Michael (October 2008) The Spatial Random Effects and the Spatial Fixed Effects Model: The Hausman Test in a Cliff and Ord Panel Model. Former Series > Working Paper Series > IHS Economics Series 229

Costantini, Mauro and Pappalardo, Carmine (October 2008) Combination of Forecast Methods Using Encompassing Tests: An Algorithm-Based Procedure ; For the revised version of this paper, see Working Paper 240, Economics Series, June 2009, which includes some changes. The most important change regards the reference of Kisinbay (2007), which was not reported in the previous version. The hierarchical procedure proposed in the paper is based on the approach of Kisinbay (2007), but some modifications of that approach are provided. Former Series > Working Paper Series > IHS Economics Series 228

Balabanov, Todor and Schwarzbauer, Wolfgang (October 2008) The Enhanced Use of Wood-biomass: Macroeconomic, Sectoral and Environmental Impacts. Former Series > Working Paper Series > IHS Economics Series 227

Mishra, Tapas; Jumah, Adusei and Parhi, Mamata (October 2008) Age-structured Human Capital and Spatial Total Factor Productivity Dynamics. Former Series > Working Paper Series > IHS Economics Series 226

Dulleck, Uwe; Hackl, Franz; Weiss, Bernhard and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (September 2008) Buying Online: Sequential Decision Making by Shopbot Visitors. Former Series > Working Paper Series > IHS Economics Series 225

Hong, Seung Hyun and Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (July 2008) Nonlinear Cointegration Analysis and the Environmental Kuznets Curve. Former Series > Working Paper Series > IHS Economics Series 224

Ebell, Monique and Haefke, Christian (May 2008) Product Market Deregulation and the U.S. Employment Miracle. Former Series > Working Paper Series > IHS Economics Series 223

Del Bono, Emilia; Weber, Andrea and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (February 2008) Clash of Career and Family: Fertility Decisions after Job Displacement. Former Series > Working Paper Series > IHS Economics Series 222

Gluschenko, Konstantin and Khimich, Alexandra (November 2007) Food Markets in Russia: Dynamics of Their Integration. Former Series > Working Paper Series > IHS Economics Series 221

Ichino, Andrea; Schwerdt, Guido; Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 and Zweimüller, Josef (October 2007) Too Old to Work, Too Young to Retire. Former Series > Working Paper Series > IHS Economics Series 220

Jumah, Adusei and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (October 2007) Inflation in the West African Countries: The Impact of Cocoa Prices, Budget Deficits, and Migrant Remittances. Former Series > Working Paper Series > IHS Economics Series 219

Ackland, Robert and Shorish, Jamsheed (October 2007) Network Formation in the Political Blogosphere: An Application of Agent Based Simulation and e-Research Tools. Former Series > Working Paper Series > IHS Economics Series 218

Weichselbaumer, Doris; Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 and Zweimüller, Martina (October 2007) Market Orientation and Gender Wage Gaps: An International Study. Former Series > Working Paper Series > IHS Economics Series 217

Giacomini, Raffaella; Gottschling, Andreas; Haefke, Christian and White, Halbert (October 2007) Mixtures of t-distributions for Finance and Forecasting. Former Series > Working Paper Series > IHS Economics Series 216

Fersterer, Josef; Pischke, Jörn-Steffen and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (July 2007) Returns to Apprenticeship Training in Austria: Evidence from Failed Firms. Former Series > Working Paper Series > IHS Economics Series 215

Skriner, Edith (July 2007) Forecasting Global Flows. Former Series > Working Paper Series > IHS Economics Series 214

Dearing, Helene; Hofer, Helmut; Lietz, Christine; Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 and Wrohlich, Katharina (June 2007) Why are Mothers Working Longer Hours in Austria than in Germany?: A Comparative Micro Simulation Analysis. Former Series > Working Paper Series > IHS Economics Series 213

Jumah, Adusei and Pastuszyn, Georg (June 2007) Oil Price Shocks, Monetary Policy and Aggregate Demand in Ghana. Former Series > Working Paper Series > IHS Economics Series 212

Shorish, Jamsheed (May 2007) Welfare Analysis of HIV/AIDS: Formulating and Computing a Continuous Time Overlapping Generations Policy Model. Former Series > Working Paper Series > IHS Economics Series 211

Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 and Hlouskova, JaroslavaORCID: https://orcid.org/0000-0002-2298-0068 (May 2007) The Performance of Panel Cointegration Methods: Results from a Large Scale Simulation Study. Former Series > Working Paper Series > IHS Economics Series 210

Fortin, InesORCID: https://orcid.org/0000-0003-4517-455X; Fuss, Sabine; Hlouskova, JaroslavaORCID: https://orcid.org/0000-0002-2298-0068; Khabarov, Nikolay; Obersteiner, Michael and Szolgayova, Jana (May 2007) An Integrated CVaR and Real Options Approach to Investments in the Energy Sector. Former Series > Working Paper Series > IHS Economics Series 209

Fisher, Walter H. and Keuschnigg, Christian (May 2007) Pension Reform and Labor Market Incentives. Former Series > Working Paper Series > IHS Economics Series 208

Hofer, Helmut; Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471; Schwarzbauer, Wolfgang; Schuh, Ulrich and Snower, Dennis J. (May 2007) Some Evidence on the Relevance of the Chain-reaction Theory in Selected Countries. Former Series > Working Paper Series > IHS Economics Series 207

Karanassou, Marika and Snower, Dennis J. (April 2007) On the Interplay between Keynesian and Supply Side Economics. Former Series > Working Paper Series > IHS Economics Series 206

Karanassou, Marika and Snower, Dennis J. (April 2007) Characteristics of Unemployment Dynamics: The Chain Reaction Approach. Former Series > Working Paper Series > IHS Economics Series 205

Fisher, Walter H. and Heijdra, Ben J. (March 2007) Keeping up with the Ageing Joneses. Former Series > Working Paper Series > IHS Economics Series 204

Kakamu, Kazuhiko and Polasek, Wolfgang (February 2007) Cross-sectional Space-time Modeling Using ARNN(p, n) Processes. Former Series > Working Paper Series > IHS Economics Series 203

Pock, Markus (January 2007) Gasoline and Diesel Demand in Europe: New Insights. Former Series > Working Paper Series > IHS Economics Series 202

Duernecker, Georg (January 2007) Growth Effects of Consumption Jealousy in a Two-Sector Model. Former Series > Working Paper Series > IHS Economics Series 201

Chirinko, Robert S. and Schaller, Huntley (December 2006) Fundamentals, Misvaluation, and Investment: The Real Story. Former Series > Working Paper Series > IHS Economics Series 200

Reschreiter, Andreas (November 2006) Indexed Bonds and Revisions of Inflation Expectations. Former Series > Working Paper Series > IHS Economics Series 199

Polasek, Wolfgang and Schwarzbauer, Wolfgang (November 2006) Traffic Accessibility and the Effect on Firms and Population in 99 Austrian Regions. Former Series > Working Paper Series > IHS Economics Series 198

Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (November 2006) The Carbon Kuznets Curve: A Cloudy Picture Emitted by Bad Econometrics? Former Series > Working Paper Series > IHS Economics Series 197

Rashid, Salim; Shorish, Jamsheed and Sobh, Nahil (November 2006) Dynamic Contracting for Development Aid Projects: Mechanism Design and High Performance Computation. Former Series > Working Paper Series > IHS Economics Series 196

Riener, GerhardORCID: https://orcid.org/0000-0003-1056-2034 (September 2006) Inequality and Mobility of Household Incomes in Europe: Evidence from the ECHP. Former Series > Working Paper Series > IHS Economics Series 195

Schaller, Huntley (September 2006) Econometric Issues in Estimating User Cost Elasticity. Former Series > Working Paper Series > IHS Economics Series 194

Reschreiter, Andreas (September 2006) Real and Nominal UK Interest Rates, ERM Membership and Inflation Targeting. Former Series > Working Paper Series > IHS Economics Series 193

Jumah, Adusei and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (September 2006) Seasonal Cycles in European Agricultural Commodity Prices. Former Series > Working Paper Series > IHS Economics Series 192

Schwarzbauer, Wolfgang (September 2006) Financial Structure and its Impact on the Convergence of Interest Rate Pass-through in Europe: A Time-varying Interest Rate Pass-through Model. Former Series > Working Paper Series > IHS Economics Series 191

Dorofeenko, Victor and Shorish, Jamsheed (May 2006) Finite Memory Distributed Systems. Former Series > Working Paper Series > IHS Economics Series 190

Jedlicka, Lorenz and Jumah, Adusei (May 2006) The Austrian Insurance Industry: A Structure, Conduct and Performance Analysis. Former Series > Working Paper Series > IHS Economics Series 189

Lesage, James P. and Polasek, Wolfgang (May 2006) Incorporating Transportation Network Structure in Spatial Econometric Models of Commodity Flows. Former Series > Working Paper Series > IHS Economics Series 188

Paterson, Iain (March 2006) Voting Power Derives from the Poll Distribution: Shedding Light on Contentious Issues of Weighted Votes and the Constitutional Treaty. Former Series > Working Paper Series > IHS Economics Series 187

Shorish, Jamsheed (February 2006) Functional Rational Expectations Equilibria in Market Games. Former Series > Working Paper Series > IHS Economics Series 186

Levy, Horacio; Lietz, Christine and Sutherland, Holly (February 2006) Alternative Tax-Benefit Strategies to Support Children in the European Union: Recent Reforms in Austria, Spain and the UK. Former Series > Working Paper Series > IHS Economics Series 185

Immervoll, Herwig; Levy, Horacio; Lietz, Christine; Mantovani, Daniela; O'donoghue, Cathal; Sutherland, Holly and Verbist, Gerlinde (February 2006) Household Incomes and Redistribution in the European Union: Quantifying the Equalising Properties of Taxes and Benefits. Former Series > Working Paper Series > IHS Economics Series 184

Müller-Fürstenberger, Georg and Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (January 2006) Exploring the Environmental Kuznets Hypothesis: Theoretical and Econometric Problems. Former Series > Working Paper Series > IHS Economics Series 183

Dorofeenko, Victor; Lee, Gabriel S. and Salyer, Kevin D. (December 2005) Agency Costs and Investment Behavior. Former Series > Working Paper Series > IHS Economics Series 182

Fisher, Walter H. and Hof, Franz X. (November 2005) The Quest for Status and Endogenous Labor Supply: The Relative Wealth Framework. Former Series > Working Paper Series > IHS Economics Series 181

Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (November 2005) The Balassa-Samuelson Effect in 'East & West': Differences and Similarities. Former Series > Working Paper Series > IHS Economics Series 180

Hofer, Helmut and Url, Thomas (November 2005) Growth Effects of Age-related Productivity Differentials in an Ageing Society: A Simulation Study for Austria. Former Series > Working Paper Series > IHS Economics Series 179

Stark, Oded (October 2005) Inequality and Migration: A Behavioral Link. Former Series > Working Paper Series > IHS Economics Series 178

Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (September 2005) Approaches for the Joint Evaluation of Hypothesis Tests: Classical Testing, Bayes Testing, and Joint Confirmation. Former Series > Working Paper Series > IHS Economics Series 177

Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (September 2005) On PPP, Unit Roots and Panels. Former Series > Working Paper Series > IHS Economics Series 176

Nævdal, Eric and Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (September 2005) On Aghion's and Blanchard's "On the Speed of Transition in Central Europe". Former Series > Working Paper Series > IHS Economics Series 175

Bauer, Dietmar and Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (September 2005) Autoregressive Approximations of Multiple Frequency I(1) Processes. Former Series > Working Paper Series > IHS Economics Series 174

Böheim, René; Stiglbauer, Alfred and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (July 2005) On the Persistence of Firm Expansion: The survival of new jobs in Austrian firms. Former Series > Working Paper Series > IHS Economics Series 173

Polasek, Wolfgang and Berrer, Helmut (July 2005) Regional Growth in Central Europe: Long-term Effects of Population and Traffic Structure. Former Series > Working Paper Series > IHS Economics Series 172

Gamber, Edward N. and Joutz, Frederick L. (May 2005) The Yield Curve Slope and Monetary Policy Innovations. Former Series > Working Paper Series > IHS Economics Series 171

Schneeweis, Nicole and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (April 2005) Peer Effects in Austrian Schools. Former Series > Working Paper Series > IHS Economics Series 170

Moreno-Jiménez, José María and Polasek, Wolfgang (April 2005) E-Cognocracy and the Participation of Immigrants in E-Governance. Former Series > Working Paper Series > IHS Economics Series 169

Jumah, Adusei and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (February 2005) Forecasting Aggregate Demand in West African Economies: The Influence of Immigrant Remittance Flows and of Asymmetric Error Correction. Former Series > Working Paper Series > IHS Economics Series 168

Gluschenko, Konstantin (February 2005) Crime and Prices. Former Series > Working Paper Series > IHS Economics Series 167

Stark, Oded (January 2005) Status Aspirations, Wealth Inequality, and Economic Growth. Former Series > Working Paper Series > IHS Economics Series 166

Nagaev, Alexander V.; Nagaev, Sergej and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (January 2005) A Diffusion Approximation to the Markov Chains Model of the Financial Market and the Expected Riskless Profit Under Selling of Call and Put Options. Former Series > Working Paper Series > IHS Economics Series 165

Nagaev, Alexander V.; Nagaev, Sergej and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (January 2005) A Diffusion Approximation for the Riskless Profit Under Selling of Discrete Time Call Options: Non-identically Distributed Jumps. Former Series > Working Paper Series > IHS Economics Series 164

Baumgartner, Josef; Hofer, Helmut; Kaniovski, Serguei; Schuh, Ulrich and Url, Thomas (November 2004) Employment and Growth in an Aging Society: A Simulation Study for Austria. Former Series > Working Paper Series > IHS Economics Series 163

Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 and Jumah, Adusei (November 2004) Toward a Theory of Evaluating Predictive Accuracy. Former Series > Working Paper Series > IHS Economics Series 162

Fisher, Walter H. (September 2004) Imports, Status Preference, and Foreign Borrowing. Former Series > Working Paper Series > IHS Economics Series 161

Anyfantakis, Costas; Caporale, Guglielmo Maria and Pittis, Nikitas (July 2004) Parameter Instability and Forecasting Performance: A Monte Carlo Study. Former Series > Working Paper Series > IHS Economics Series 160

Caporale, Guglielmo Maria and Cerrato, Mario (July 2004) Panel Data Tests of PPP: A Critical Overview. Former Series > Working Paper Series > IHS Economics Series 159

Cox, Donald and Stark, Oded (May 2004) On the Demand for Grandchildren: Tied Transfers and the Demonstration Effect. Former Series > Working Paper Series > IHS Economics Series 158

Caporale, Guglielmo Maria and Pittis, Nikitas (May 2004) Robustness of the CUSUM and CUSUM-of-Squares Tests to Serial Correlation, Endogeneity and Lack of Structural Invariance: Some Monte Carlo Evidence. Former Series > Working Paper Series > IHS Economics Series 157

Caporale, Guglielmo Maria; Ntantamis, Christos; Pantelidis, Theologos and Pittis, Nikitas (May 2004) The BDS Test as a Test for the Adequacy of a GARCH(1,1) Specification: A Monte Carlo Study. Former Series > Working Paper Series > IHS Economics Series 156

Caporale, Guglielmo Maria and Gil-Alana, Luis A. (May 2004) Long-run and Cyclical Dynamics in the US Stock Market. Former Series > Working Paper Series > IHS Economics Series 155

Espino, Emilio (May 2004) On Ramsey's Conjecture: Efficient Allocations in the Neoclassical Growth Model with Private Information. Former Series > Working Paper Series > IHS Economics Series 154

Mele, Antonio (March 2004) General Properties of Rational Stock-Market Fluctuations. Former Series > Working Paper Series > IHS Economics Series 153

Stark, Oded and Wang, Yong (March 2004) The Intergenerational Overlap and Human Capital Formation. Former Series > Working Paper Series > IHS Economics Series 152

Coricelli, Giorgio; Fehr, Dietmar and Fellner, Gerlinde (March 2004) Partner Selection in Public Goods Experiments. Former Series > Working Paper Series > IHS Economics Series 151

Hintermaier, Thomas (March 2004) A Sunspot Paradox. Former Series > Working Paper Series > IHS Economics Series 150

Jumah, Adusei and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (March 2004) Modeling National Accounts Sub-Aggregates: An Application of Non-Linear Error Correction. Former Series > Working Paper Series > IHS Economics Series 149

Glycopantis, Dionysius; Muir, Allan and Yannelis, Nicholas C. (February 2004) Non-implementation of Rational Expectations as a Perfect Bayesian Equilibrium. Former Series > Working Paper Series > IHS Economics Series 148

Hofer, Helmut and Riedel, Monika (November 2003) Computer Use and the Wage Structure in Austria. Former Series > Working Paper Series > IHS Economics Series 147

Dulleck, Uwe; Frijters, Paul and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (November 2003) Reducing Start-up Costs for New Firms: The Double Dividend on the Labor Market. Former Series > Working Paper Series > IHS Economics Series 146

Egger, Peter; Pfaffermayr, Michael and Weber, Andrea (November 2003) Sectoral Adjustment of Employment: The Impact of Outsourcing and Trade at the Micro Level. Former Series > Working Paper Series > IHS Economics Series 145

Weichselbaumer, Doris and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (November 2003) Rhetoric in Economic Research: The Case of Gender Wage Differentials. Former Series > Working Paper Series > IHS Economics Series 144

Weichselbaumer, Doris and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (November 2003) A Meta-Analysis of the International Gender Wage Gap. Former Series > Working Paper Series > IHS Economics Series 143

Moreno-Jiménez, José María and Polasek, Wolfgang (November 2003) E-Democracy and Knowledge: A Multicriteria Framework for the New Democratic Era. Former Series > Working Paper Series > IHS Economics Series 142

Grohall, Günther and Jung, Jürgen (October 2003) Multiple Objective Step Function Maximization with Genetic Algorithms and Simulated Annealing. Former Series > Working Paper Series > IHS Economics Series 141

Lojschová, Adriana (October 2003) Estimating the Impact of the Balassa-Samuelson Effect in Transition Economies. Former Series > Working Paper Series > IHS Economics Series 140

Stark, Oded and Wang, You Qiang (September 2003) On the Evolutionary Edge of Altruism: A Game-Theoretic Proof of Hamilton's Rule for a Simple Case of Siblings. Former Series > Working Paper Series > IHS Economics Series 139

Weichselbaumer, Doris and Winter-Ebmer, RudolfORCID: https://orcid.org/0000-0001-8157-6631 (September 2003) The Effects of Competition and Equal Treatment Laws on the Gender Wage Differential. Former Series > Working Paper Series > IHS Economics Series 138

Nagaev, Sergej (September 2003) A Diffusion Approximation for the Riskless Profit under Selling of Discrete Time Call Options. Former Series > Working Paper Series > IHS Economics Series 137

Polasek, Wolfgang (September 2003) Multivariate Regression and ANOVA Models with Outliers: A Comparative Approach. Former Series > Working Paper Series > IHS Economics Series 136

Chirinko, Robert S. and Schaller, Huntley (July 2003) A Revealed Preference Approach: To Understanding Corporate Governance Problems: Evidence From Canada. Former Series > Working Paper Series > IHS Economics Series 135

Stark, Oded (July 2003) On the Economics of Refugee Flows. Former Series > Working Paper Series > IHS Economics Series 134

Polasek, Wolfgang and Amplatz, Christian (July 2003) The Maastricht Criteria and the Euro: Has the Convergence Continued? Former Series > Working Paper Series > IHS Economics Series 133

Dupont, Dominique Y. and Lee, Gabriel S. (May 2003) Effects of Securities Transaction Taxes on Depth and Bid-Ask Spread. Former Series > Working Paper Series > IHS Economics Series 132

Weber, Andrea and Hofer, Helmut (May 2003) Active Job-search Programs a Promising Tool?: A Microeconometric Evaluation for Austria. Former Series > Working Paper Series > IHS Economics Series 131

Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (May 2003) Testing for Relative Predictive Accuracy: A Critical Viewpoint. Former Series > Working Paper Series > IHS Economics Series 130

Alós-Ferrer, Carlos and Ritzberger, Klaus (March 2003) Trees and Decisions. Former Series > Working Paper Series > IHS Economics Series 129

Gersbach, Hans and Haller, Hans (March 2003) When Inefficiency Begets Efficiency. Former Series > Working Paper Series > IHS Economics Series 128

Alt, Raimund; Fortin, InesORCID: https://orcid.org/0000-0003-4517-455X and Weinberger, Simon (November 2002) The Day-of-the-Week Effect Revisited: An Alternative Testing Approach. Former Series > Working Paper Series > IHS Economics Series 127

Fortin, InesORCID: https://orcid.org/0000-0003-4517-455X and Kuzmics, Christoph (November 2002) Tail-Dependence in Stock-Return Pairs. Former Series > Working Paper Series > IHS Economics Series 126

Weber, Andrea and Mahringer, Helmut (November 2002) Choice and Success of Job Search Methods. Former Series > Working Paper Series > IHS Economics Series 125

Dorofeenko, Victor and Shorish, Jamsheed (November 2002) Dynamical Modeling of the Demographic Prisoner's Dilemma. Former Series > Working Paper Series > IHS Economics Series 124

Stark, Oded (October 2002) Cooperation and Wealth. Former Series > Working Paper Series > IHS Economics Series 123

Hintermaier, Thomas and Steinberger, Thomas (October 2002) Occupational Choice and the Private Equity Premium Puzzle. Former Series > Working Paper Series > IHS Economics Series 122

Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (September 2002) Decision Maps for Bivariate Time Series with Potential Threshold Cointegration. Former Series > Working Paper Series > IHS Economics Series 121

Di Maria, Corrado and Köttl, Johannes (July 2002) Lagged Network Externalities and Rationing in a Software Monopoly. Former Series > Working Paper Series > IHS Economics Series 120

Blume, Lawrence (July 2002) Stigma and Social Control. Former Series > Working Paper Series > IHS Economics Series 119

Dorofeenko, Victor; Lee, Gabriel S. and Salyer, Kevin D. (July 2002) Time-Varying Uncertainty and the Credit Channel. Former Series > Working Paper Series > IHS Economics Series 118

Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (July 2002) Testing for Stationarity in a Cointegrated System. Former Series > Working Paper Series > IHS Economics Series 117

Gluschenko, Konstantin (July 2002) Market Integration in Russia During the Transformation Years. Former Series > Working Paper Series > IHS Economics Series 116

Demichelis, Stefano; Ritzberger, Klaus and Swinkels, Jeroen M. (June 2002) The Simple Geometry of Perfect Information Games. Former Series > Working Paper Series > IHS Economics Series 115

Weber, Andrea (April 2002) State Dependence and Wage Dynamics: A Heterogeneous Markov Chain Model for Wage Mobility in Austria. Former Series > Working Paper Series > IHS Economics Series 114

Ritzberger, Klaus and Shorish, Jamsheed (April 2002) Cross-Ownership Among Firms: Some Determinants of the Separation of Ownership from Control. Former Series > Working Paper Series > IHS Economics Series 113

Stark, Oded and Wang, You Qiang (March 2002) Migration Dynamics. Former Series > Working Paper Series > IHS Economics Series 112

Krylova, Elizaveta (February 2002) The Credit Channel of Monetary Policy: Case of Austria. Former Series > Working Paper Series > IHS Economics Series 111

Fisher, Walter H. (February 2002) Investment and Current Account Dynamics in an Open Economy Status Seeking Framework. Former Series > Working Paper Series > IHS Economics Series 110

Jumah, Adusei and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (January 2002) On Mean Reversion in Real Interest Rates: An Application of Threshold Cointegtation. Former Series > Working Paper Series > IHS Economics Series 109

Hofer, Helmut and Weber, Andrea (October 2001) Wage Mobility in Austria 1986-1996. Former Series > Working Paper Series > IHS Economics Series 108

Fisher, Walter H. (October 2001) Current Account Dynamics in a Small Open Economy Model of Status Seeking. Former Series > Working Paper Series > IHS Economics Series 107

Fisher, Walter H. and Hof, Franz X. (October 2001) Status Seeking in the Small Open Economy. Former Series > Working Paper Series > IHS Economics Series 106

Di Maria, Corrado (October 2001) Elastic Labour Supply and Optimal Taxation in a Model of Sustainable Endogenous Growth. Former Series > Working Paper Series > IHS Economics Series 105

Dupont, Dominique Y. (September 2001) Extracting Risk-Neutral Probability Distributions from Option Prices Using Trading Volume as a Filter. Former Series > Working Paper Series > IHS Economics Series 104

Dupont, Dominique Y. (September 2001) Hedging Barrier Options: Current Methods and Alternatives. Former Series > Working Paper Series > IHS Economics Series 103

Dimitz, Maria Antoinette (July 2001) Output Gaps in European Monetary Union: New Insights from Input Augmentation in the Technological Progress. Former Series > Working Paper Series > IHS Economics Series 102

Drost, André and Felderer, Bernhard (July 2001) Social Security as a Monopoly. Former Series > Working Paper Series > IHS Economics Series 101

Fisher, Walter H. (April 2001) Status Preference, Wealth, and Dynamics in the Open Economy. Former Series > Working Paper Series > IHS Economics Series 99

Stark, Oded and Wang, Yong (April 2001) Inducing Human Capital Formation: Migration as a Substitute for Subsidies. Former Series > Working Paper Series > IHS Economics Series 100

Villar, Antonio (March 2001) The Welfare Evaluation of Primary Goods: A Suggestion. Former Series > Working Paper Series > IHS Economics Series 98

Hofer, Helmut and Huber, Peter (February 2001) Wage and Mobility Effects of Trade and Migration on the Austrian Labour Market. Former Series > Working Paper Series > IHS Economics Series 97

Fisher, Walter H. and Bianconi, Marcelo (February 2001) Intertemporal Budget Policies and Macroeconomic Adjustment in a Small Open Economy. Former Series > Working Paper Series > IHS Economics Series 96

Schabert, Andreas (February 2001) Interest Rate Policy and the Price Puzzle in a Quantitative Business Cycle Model. Former Series > Working Paper Series > IHS Economics Series 95

Jumah, Adusei and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (January 2001) The Effects of Exchange-Rate Exposures on Equity Asset Markets. Former Series > Working Paper Series > IHS Economics Series 94

Hlouskova, JaroslavaORCID: https://orcid.org/0000-0002-2298-0068 and Lee, Gabriel S. (January 2001) Legal Restrictions on Portfolio Holdings: Some Empirical Results. Former Series > Working Paper Series > IHS Economics Series 93

Dupont, Dominique Y. and Lee, Gabriel S. (January 2001) The Endowment Effect, Status Quo Bias and Loss Aversion: Rational Alternative Explanation. Former Series > Working Paper Series > IHS Economics Series 92

Lee, Gabriel S.; Boss, Michael and Klisz, Chris (January 2001) Empirical Performance of the Czech and Hungarian Index Options under Jump. Former Series > Working Paper Series > IHS Economics Series 91

Fisher, Walter H. and Keuschnigg, Christian (November 2000) Public Policy for Efficient Education. Former Series > Working Paper Series > IHS Economics Series 90

Althaler, Karl S. and Slavova, Tatjana (October 2000) DEA Problems under Geometrical or Probability Uncertainties of Sample Data. Former Series > Working Paper Series > IHS Economics Series 89

Stark, Oded and Falk, Ita (October 2000) Dynasties and Destiny: On the Roles of Altruism and Impatience in the Evolution of Consumption and Bequests. Former Series > Working Paper Series > IHS Economics Series 88

Hauser, Ursula; König, Ulrich and Krylova, Elizaveta (October 2000) Gamblers' Rationality in Parimutuel Soccer Betting: Strategisches Spielverhalten bei Totalisatorspielen mit nicht-gleichwahrscheinlichen Spielausgängen wie Toto und Torwette. Former Series > Working Paper Series > IHS Economics Series 87

Kaas, Leo and Weinrich, Gerd (October 2000) Money and Growth in a Production Economy with Multiple Assets. Former Series > Working Paper Series > IHS Economics Series 86

Fisher, Walter H. and Hof, Franz X. (September 2000) Relative Consumption and Endogenous Labour Supply in the Ramsey Model: Do Status-Conscious People Work Too Much? Former Series > Working Paper Series > IHS Economics Series 85

Paterson, Iain (September 2000) New Models for Data Envelopment Analysis: Measuring Efficiency Outwith the VRS Frontier. Former Series > Working Paper Series > IHS Economics Series 84

Kaas, Leo and Madden, Paul (September 2000) Imperfectly Competitive Cycles with Keynesian and Walrasian Features. Former Series > Working Paper Series > IHS Economics Series 83

Stark, Oded and Zhang, Junsen (July 2000) Counter-Compensatory Inter-Vivos Transfers and Parental Altruism: Compatibility or Orthogonality? Former Series > Working Paper Series > IHS Economics Series 82

Felderer, Bernhard and Drost, André (March 2000) Cyclical Occupational Choice in a Model with Rational Wage Expectations and Perfect Occupational Mobility. Former Series > Working Paper Series > IHS Economics Series 81

Keuschnigg, Christian; Keuschnigg, Mirela; Koman, Reinhard; Lüth, Erik and Raffelhüschen, Bernd (March 2000) Public Debt and Generational Balance in Austria. Former Series > Working Paper Series > IHS Economics Series 80

Crespo-Cuaresma, Jesús (March 2000) Forecasting European GDP Using Self-Exciting Threshold Autoregressive Models: A Warning. Former Series > Working Paper Series > IHS Economics Series 79

Jumah, Adusei (March 2000) The Long Run, Market Power and Retail Pricing. Former Series > Working Paper Series > IHS Economics Series 78

Fisher, Walter H. and Hof, Franz X. (March 2000) Conspicuous Consumption, Economic Growth, and Taxation: A Generalization. Former Series > Working Paper Series > IHS Economics Series 77

Hofer, Helmut and Pichelmann, Karl (December 1999) Employment and Wage Adjustment in Euroland's Labour Market: A Bird's Eye View. Former Series > Working Paper Series > IHS Economics Series 76

Gschwandtner, Adelina (October 1999) A Welfare Comparison Between Export Subsidies and Exchange Rate Depreciation. Former Series > Working Paper Series > IHS Economics Series 75

Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (October 1999) Bierens' and Johansen's Method - Complements or Substitutes? Former Series > Working Paper Series > IHS Economics Series 74

Jumah, Adusei and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (October 1999) The Effects of Dollar/Sterling Exchange Rate Volatility on Futures Markets for Coffee and Cocoa. Former Series > Working Paper Series > IHS Economics Series 73

Fidrmuc, Jarko (September 1999) Verification of the New Trade Theory in EU's Trade with CEECs: Evidence from Panel Data 1990-1997. Former Series > Working Paper Series > IHS Economics Series 72

Rumler, Fabio (September 1999) International Policy Transmissions Before and After Establishing a Monetary Union. Former Series > Working Paper Series > IHS Economics Series 71

Hofmarcher, Maria M. (September 1999) Cross-Section Analysis of Health Spending with Special Regard to Trends in Austria. Former Series > Working Paper Series > IHS Economics Series 70

Koman, Reinhard and Marin, Dalia (September 1999) Human Capital and Macroeconomic Growth: Austria and Germany 1960-1997 - An Update. Former Series > Working Paper Series > IHS Economics Series 69

Kaas, Leo and Madden, Paul (June 1999) Equilibrium Involuntary Unemployment under Oligempory. Former Series > Working Paper Series > IHS Economics Series 68

Stark, Oded (June 1999) Siblings, Strangers, and the Surge of Altruism. Former Series > Working Paper Series > IHS Economics Series 67

Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (June 1999) Capital and Goods Market Integration and the Inequality of Nations. Former Series > Working Paper Series > IHS Economics Series 66

Wagner, MartinORCID: https://orcid.org/0000-0002-6123-4797 (May 1999) VAR Cointegration in VARMA Models. Former Series > Working Paper Series > IHS Economics Series 65

Okada, Akiro and Riedl, Arno (April 1999) Inefficiency and Social Exclusion in a Coalition Formation Game: Experimental Evidence. Former Series > Working Paper Series > IHS Economics Series 64

Felderer, Bernhard and Obersteiner, Michael (April 1999) Efficiency and Economies of Scale in Academic Knowledge Production. Former Series > Working Paper Series > IHS Economics Series 63

Fortin, InesORCID: https://orcid.org/0000-0003-4517-455X and Kuzmics, Christoph (February 1999) Optimal Bandwidth Selection in Non-Parametric Spectral Density Estimation: Review and Simulation. Former Series > Working Paper Series > IHS Economics Series 62

Aebi, Robert; Neusser, Klaus and Steiner, Peter (February 1999) Evaluating Theories of the Income Dynamics: A Probabilistic Approach. Former Series > Working Paper Series > IHS Economics Series 61

Crespo-Cuaresma, Jesús (December 1998) Deterministic Chaos versus Stochastic Processes: An Empirical Study on the Austrian Schilling - US Dollar Exchange Rate. Former Series > Working Paper Series > IHS Economics Series 60

Razin, Assaf; Sadka, Efraim and Swagel, Phillip (November 1998) Tax Burden and Migration: A Political Economy Theory and European Evidence. Former Series > Working Paper Series > IHS Economics Series 59

Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (September 1998) Unit Roots, Change, and Decision Bounds. Former Series > Working Paper Series > IHS Economics Series 58

Hofer, Helmut; Pichelmann, Karl and Schuh, Ulrich (September 1998) Price and Quantity Adjustments in the Austrian Labour Markets. Former Series > Working Paper Series > IHS Economics Series 57

O'donoghue, Ted and Zweimüller, Josef (September 1998) Patents in a Model of Endogenous Growth. Former Series > Working Paper Series > IHS Economics Series 56

Stark, Oded; Helmenstein, Christian and Prskawetz, Alexia (June 1998) Human Capital Depletion, Human Capital Formation, and Migration: A Blessing in a "Curse"? Former Series > Working Paper Series > IHS Economics Series 55

Stark, Oded (May 1998) Equal Bequests and Parental Altruism: Compatibility or Orthogonality? Former Series > Working Paper Series > IHS Economics Series 54

Rünstler, Gerhard (March 1998) Unemployment Dynamics: An Unobserved Components Approach. Former Series > Working Paper Series > IHS Economics Series 53

Stark, Oded and Chau, Nancy H. (March 1998) Human Capital Formation, Asymmetric Information, and the Dynamics of International Migration. Former Series > Working Paper Series > IHS Economics Series 52

Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (November 1997) Decision Bounds for Data-Admissible Seasonal Models. Former Series > Working Paper Series > IHS Economics Series 51

Rünstler, Gerhard (November 1997) Measuring Stylized Business Cycles Facts Using Stochastic Cycles. Former Series > Working Paper Series > IHS Economics Series 50

Riedl, Arno (October 1997) Wage Bargaining and Management Opposition in the Presence of Productivity Gains and Organization Costs. Former Series > Working Paper Series > IHS Economics Series 49

Kosfeld, Michael (July 1997) Corruption within a Cooperative Society. Former Series > Working Paper Series > IHS Economics Series 48

Fisher, Walter H. and Turnovsky, Stephen J. (July 1997) Congestion and Public Capital. Former Series > Working Paper Series > IHS Economics Series 47

Stark, Oded (June 1997) On the Evolution of Altruism. Former Series > Working Paper Series > IHS Economics Series 46

Stark, Oded; Helmenstein, Christian and Prskawetz, Alexia (June 1997) A Brain Gain with a Brain Drain. Former Series > Working Paper Series > IHS Economics Series 45

Stark, Oded; Helmenstein, Christian and Yegorov, Yuri (June 1997) Migrants' Savings, Purchasing Power Parity, and the Optimal Duration of Migration. Former Series > Working Paper Series > IHS Economics Series 44

Amir, Rabah and Wooders, John (May 1997) One-Way Spillovers, Endogenous Innovator/Imitator Roles and Research Joint Ventures. Former Series > Working Paper Series > IHS Economics Series 43

Cooley, Thomas F. and Hansen, Gary D. (March 1997) Unanticipated Money. Former Series > Working Paper Series > IHS Economics Series 42

Weber, Andrea (January 1997) Vacancy Durations - A Model for Employer's Search. Former Series > Working Paper Series > IHS Economics Series 41

Matsuyama, Kiminori (December 1996) Growing Through Cycles. Former Series > Working Paper Series > IHS Economics Series 40

Böheim, René and Zulehner, Christine (December 1996) Auctions - A Survey. Former Series > Working Paper Series > IHS Economics Series 39

Kaufmann, Sylvia and Scheicher, Martin (November 1996) Markov-Regime Switching in Economic Variables: Part I. Modelling, Estimating and Testing. - Part II. A Selective Survey. Former Series > Working Paper Series > IHS Economics Series 38

Peitz, Martin (September 1996) Entry Threat in Duopoly. Former Series > Working Paper Series > IHS Economics Series 37

Pichelmann, Karl and Schuh, Ulrich (September 1996) The NAIRU - Concept: A Few Remarks. Former Series > Working Paper Series > IHS Economics Series 36

Güth, Werner; Kirchsteiger, Georg and Ritzberger, Klaus (September 1996) Imperfectly Observable Commitments in n-Player Games. Former Series > Working Paper Series > IHS Economics Series 35

Dehejia, Vivek H. (September 1996) International Trade and the Domestic Wage Structure: Alternative Explanations. Former Series > Working Paper Series > IHS Economics Series 34

Hahn, Franz and Rünstler, Gerhard (June 1996) Potential Output, the Natural Rate of Unemployment, and the Phillips Curve in a Multivariate Structural Time Series Framework. Former Series > Working Paper Series > IHS Economics Series 33

Zweimüller, Josef and Brunner, Johann K. (June 1996) Heterogeneous Consumers, Vertical Product Differentiation and the Rate of Innovation. Former Series > Working Paper Series > IHS Economics Series 32

Grossman, Gene M. and Helpman, Elhanan (May 1996) Electoral Competition with Policy Compromise. Former Series > Working Paper Series > IHS Economics Series 31

Madlener, Reinhard (May 1996) On the Use of Multivariate Cointegration Analysis in Residential Energy Demand Modelling. Former Series > Working Paper Series > IHS Economics Series 30

Böheim, René and Boss, Michael (May 1996) Consumption Based Capital Asset Pricing and the Austrian Stock Exchange. Former Series > Working Paper Series > IHS Economics Series 29

Chirinko, Robert S. and Schaller, Huntley (March 1996) Business Fixed Investment and "Bubbles": The Japanese Case. Former Series > Working Paper Series > IHS Economics Series 28

Nöldeke, Georg and Samuelson, Larry (February 1996) A Dynamic Model of Equilibrium Selection in Signaling Markets. Former Series > Working Paper Series > IHS Economics Series 27

Binmore, Ken and Samuelson, Larry (February 1996) Evolutionary Drift and Equilibrium Selection. Former Series > Working Paper Series > IHS Economics Series 26

Trockel, Walter (February 1996) An Exact Implementation of the Nash Bargaining Solution in Dominant Strategies. Former Series > Working Paper Series > IHS Economics Series 25

Ursulescu, Mirela (February 1996) Comparative Advantage in International Trade: Theory. Former Series > Working Paper Series > IHS Economics Series 24

Raj, Baldev and Veall, Michael R. (February 1996) The Energy-Capital Complementarity Debate: An Example of a Bootstrapped Sensitivity Analysis. Former Series > Working Paper Series > IHS Economics Series 23

Choi, Jay Pil (January 1996) Technology Transfer with Moral Hazard. Former Series > Working Paper Series > IHS Economics Series 22

Haefke, Christian and Helmenstein, Christian (December 1995) Forecasting Stock Market Averages to Enhance Profitable Trading Strategies. Former Series > Working Paper Series > IHS Economics Series 21

Haefke, Christian and Helmenstein, Christian (December 1995) Prediction Risk and the Forecasting of Stock Market Indexes. Former Series > Working Paper Series > IHS Economics Series 20

Helmenstein, Christian (December 1995) The Withdrawal of the State from Economic Activity: An Austrian Capital Market Perspective. Former Series > Working Paper Series > IHS Economics Series 19

Haefke, Christian and Helmenstein, Christian (December 1995) Forecasting Austrian IPOs: An Application of Linear and Neural Network Error-Correction Models. Former Series > Working Paper Series > IHS Economics Series 18

Leamer, Edward E. (December 1995) A Combined Ricardian and Heckscher-Ohlin Model of Comparative Advantage. Former Series > Working Paper Series > IHS Economics Series 17

Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (October 1995) Estimating the Number of Unit Roots: A Multiple Decision Approach. Former Series > Working Paper Series > IHS Economics Series 16

Franses, Philip Hans and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (September 1995) On the role of seasonal intercepts in seasonal cointegration. Former Series > Working Paper Series > IHS Economics Series 15

Fehr, Ernst; Kirchsteiger, Georg and Riedl, Arno (September 1995) Gift Exchange and Reciprocity in Competitive Experimental Markets. Former Series > Working Paper Series > IHS Economics Series 14

Riedl, Arno (September 1995) Weakening the Weak may Harm the Strong: A Bargaining Model where Opting-In is Costly. Former Series > Working Paper Series > IHS Economics Series 13

Binmore, Ken; Prouix, Chris; Samuelson, Larry and Swierzbinski, Joe (September 1995) Hard Bargains and Lost Opportunities. Former Series > Working Paper Series > IHS Economics Series 12

Jumah, Adusei and Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 (July 1995) Forecasting Seasonally Cointegrated Systems: Supply Response in Austrian Agriculture. Former Series > Working Paper Series > IHS Economics Series 11

Bernanke, Ben S. and Mihov, Ilian (June 1995) Measuring Monetary Policy. Former Series > Working Paper Series > IHS Economics Series 10

Plank, Manfred (May 1995) Bi-Hamiltonian Systems and Lotka-Volterra Equations: A Three Dimensional Classification. Former Series > Working Paper Series > IHS Economics Series 9

Fehr, Ernst; Kirchler, ErichORCID: https://orcid.org/0000-0003-4731-1650 and Weichbold, Andreas (May 1995) When Social Forces Remove the Impact of Competition: Social Exchange in Experimental Labor Markets. Former Series > Working Paper Series > IHS Economics Series 8

Kejak, Michal (April 1995) Application of Projection Method in a Model of Endogenous Growth. Former Series > Working Paper Series > IHS Economics Series 7

Madlener, Reinhard (April 1995) Household Energy Demand Analysis: An Empirical Application of the Closure Test Principle. Former Series > Working Paper Series > IHS Economics Series 6

Keuschnigg, Christian (March 1995) Business Formation and Aggregate Investment. Former Series > Working Paper Series > IHS Economics Series 5

Rünstler, Gerhard; Jumah, Adusei and Karbuz, Sohbet (March 1995) Arbitrage in Commodity Markets: A Full Systems Cointegration Analysis. Former Series > Working Paper Series > IHS Economics Series 4

Keser, Claudia (January 1995) Voluntary Contributions to a Public Good When Partial Contribution is a Dominant Strategy. Former Series > Working Paper Series > IHS Economics Series 3

Huber, Peter (January 1995) Random Walks in Stock Exchange Prices and the Vienna Stock Exchange. Former Series > Working Paper Series > IHS Economics Series 2

Keuschnigg, Christian and Nielsen, Soren Bo (December 1994) Housing Markets and Vacant Land. Former Series > Working Paper Series > IHS Economics Series 1