The level of capacity in a common-pool industry vis-à-vis a sustainable target level of yield simultaneously indicates the economic state of the industry, the success of its regulation, and the pressure on stocks. The main methods to assess capacity and its utilisation operate at the firm level, but neglect the industry capacity. In this contribution, the Johansen-Färe measure of plant capacity...

The study of long-run equilibrium processes is a significant component of economic and finance theory. The Johansen technique for identifying the existence of such long-run stationary equilibrium conditions among financial time series allows the identification of all potential linearly independent cointegrating vectors within a given system of eligible financial time series. The practical appli...

lain Malcolm Lonie, classicist, historian ofGreek medicine, and poet, died suddenly in tragic circumstances on Saturday 18 June 1988, aged 55. He was born in 1932 in March, Cambridgeshire, where his father was the District Medical Officer for Health. He left war-time England with his parents in 1941, when his father took up an appointment in New Zealand. After schooling in Palmerston North, he ...

The basic aim of the study is to examine both the short run and long run relationship between fiscal deficit and economic growth in India by covering the time period from 1970-71 to 201112. Johansen Cointegration test, Granger Causality test, And Vector Error correction Model (VECM) technique are adopted in order to examine the objectives of this study. The Johansen methodology confirms the exi...

The three-state progressive model is a special multi-state model with important applications in Survival Analysis. It provides a suitable representation of the individual's history when an intermediate event (with a possible influence on the survival prognosis) is experienced before the main event of interest. Estimation of transition probabilities in this and other multi-state models is usuall...