This research aims to enhance our knowledge of Internet purchase behavior by proposing a new model which draws from three disciplines: consumer behavior, decision analysis and IS. A research methodology has been designed to capture the dynamic process that Internet shoppers follow when they are engaged in a shopping experience and the influences of their interactions with the environment on the...

During the past three decades the global oil market has seen significant price volatility. Literature to date has not analysed the cross-country effect of the recent episode of price instability. Previous studies have either not considered this period or have not utilised panel data techniques and therefore have not provided a comparative analysis of developed and developing countries. This pap...

This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. This paper examines the relationship between government debt ...

The objective of this paper is to assess the impact of public subsidies on farm technical efficiency using recent advances in nonparametric efficiency analysis. To this end, we use robust conditional frontier techniques as well as insights from recent developments in nonparametric econometrics. The paper contributes to the ongoing methodological discussion on how to model the effect of public s...

This paper investigates the determinants of credit spread changes on bonds denominated in Euro. The analysis is carried out using a panel data on Euro bonds. We try to asses the relative importance of market and idiosyncratic factors in explaining the movements in credit spread. Because credit spread changes can be easily viewed as an excess return of corporate bonds over treasury, we adopt a f...

The impacts of the evolving information technology (IT) on organisations, markets, industries, and economies have been researched intensively. Aspects studied have included productivity, employment, business value, markets, organisation, and industry structure, to name a few. With the increasing availability of panel data spanning longer periods, it is now possible to study the relatively longe...

This study focuses on changing family formation trajectories in the Russian Federation. In European countries, pathways to family ceased being stable several decades ago, while in Russia – as in any post-socialist country – such features of life course deinstitutionalization as postponement of marriage, rising cohabitation, and reordering of events were revealed only in the 1990s and explained ...

This paper investigates spatial panel data models with spatially and serially correlated disturbances. We …rst discuss the short panels and consider their estimation by both …xed e¤ects and random e¤ects speci…cations. With a between equation properly de…ned, the di¤erence of the random vs. …xed e¤ects models can be highlighted. We show that the random e¤ects estimate is a pooling of the within...

We report a comparative analysis of fertility and poverty, using household panel data from four developing countries: Albania, Ethiopia, Indonesia and Vietnam. We use a sequential conditioning approach to analyse the initial distribution of household characteristics in terms of demographic composition, economic activity and economic welfare; and then the pattern of change over time. We use vari...