This study examines the gender-differentiated effects of Structural Adjustment Programs (SAPs) on households in Zimbabwe during 1991. Interviews and focus groups were conducted among 120 randomly selected households in Kambuzuma, a densely populated suburb of Harare with mostly Black residents with a considerable range in income. Interviews were conducted in mid-1991 and reinterviews were con...

OBJECTIVE To describe the evolution of cigarettes' real price and affordability during the last decade in Argentina. METHODS To analyze the real price of cigarettes, the weighted average monthly price of a pack of 20 cigarettes was divided by the consumer price index (CPI) from 2004 to 2014. The relative income price (RIP) was evaluated for the same period, defining RIP as the percentage of t...

1 Abstract This study uses labor productivity in terms of real GDP as a basis for comparing a nation's competitiveness. We evaluate how corporate income tax, dividend tax, and the tax on the highest income bracket affect productivity while controlling for several environmental factors. A set of 24 OECD member nations is observed from 1996-2006. It is found that statutory corporate income tax ra...

This article discusses the problem of compiling a balanced set of national accounts at constant prices. The method adopted is based on earlier work on this subject by Burge and Geary. Commodity flows, which are uniquely deflatable, are expressed at constant prices and savings in constant prices is obtained by preserving a balanced set of equations in real terms. The deflation of the external ac...

This paper re-examines the performance of REITs, stocks, and fixed-income assets based on the preferences of risk-averse and risk-seeking investors using mean-variance and stochastic dominance approaches. Our findings indicate no first-order stochastic dominance and no arbitrage opportunity among these assets. However, our stochastic dominance results reveal that in order to maximize their expe...

An empirical examination of the determinants of real per capita income in cities with professional sports teams from 1969-1997 shows that postseason appearances are not associated with any change in the level of real per capita income in these cities. However, in the city that is home to the winning team from the Super Bowl, real per capita personal income is found to be higher by about $140, p...

The aim of the paper is to study the relationship of individuals’ sport goods consumption to personal income and relative sport price in Hungary in the period 1992-2006. It is shown, that the trend of the real sport goods consumption in conjunction with real income decreased till 2000 and it has been increasing since then. Income and price elasticity figures for both periods show, that sport go...

This paper focuses on how inflation interacts with taxes and interest rates to affect capital formation.1 It uses a simple credit-market framework to explain how inflation magnifies the distorting effects of taxation when the tax treatment of interest income and expense is not fully indexed to inflation.2 The distortion involves a real tax wedge consisting of the difference between the real int...