While economic variables have been used extensively to forecast the U.S. bond risk premia, little attention has been paid to the use of technical indicators which are widely employed by practitioners. In this paper, we fill this gap by studying the predictive ability of using a variety of technical indicators vis-á-vis the economic variables. We find that the technical indicators have significa...

This paper examines the impact of industrial policy on capital structure based on a partial adjustment model of capital structure that incorporates financial flexibility, macroeconomic conditions, economic development as well as firm-level factors. The issue is investigated in the context of Taiwan where industrial policy is widely considered to have played a strategic role in its economic succ...

This article builds on Yohe's seminal piece on mitigative capacity which elaborates 'determinants' of mitigative capacity, also reflected in the IPCC's third assessment report. We propose a revised definition, where mitigative capacity is a country's ability to reduce anthropogenic greenhouse gas emissions or enhance natural sinks. By "ability" we mean skills, competencies, fitness, and profici...

the method for measuring the congestion of noura et al. [a.a. noura, f. ‎hosseinzadeh lotfi, g.r. jahanshahloo, s. ‎fanati rashidi, r.p. barnett, a new method for measuring congestion in data envelopment analysis, socio-economic planning sciences, 44 (2010) 240-246] ,there is no problem for congestion detection in the case of one input and one output but in higher space is not able to detect co...

Recent economic research has shown that cognitive ability scores are robustly associated with good national economic performance. How much of this is due to high-ability countries doing a better job of absorbing total factor productivity from the world's technology leader? Following Benhabib and Spiegel (JME 1994, Handbook of Economic Growth 2005) who estimated the Nelson-Phelps technology diff...

In any country, commercial banks lay the groundwork for economic growth by collecting national resources and capitals and allocating them to different economic sectors. Optimal allocation of resources is especially important in achieving this goal. Banks with an effective and dynamic system of customer assessment can efficiently allocate their resources to customers regardless of their geograph...

in the present study a new economic and rapid bacterial micro-assay for simultaneous detection and quantitative measurement of serum galactose was developed. analysis of the standard curve showed a linearity range for galactose from 2 mg/dl to 180 mg/dl with a regression equation of y = 0.013x ? 0.083; r² = 0.962. the advantage of the method is its ability to measure serum galactose quantitativ...