Now showing items 2-4 of 4

    • Operating Leverage over the Business Cycle 

      Bhattacharjee, A.; Higson, C.; Holly, S. (Faculty of Economics, 2015-11-24)
      Operating leverage describes the extent to which a firm's operating costs are fixed in the short run. The effect of operating leverage is to amplify the impact on profit of a change in revenues; an effect which is further ...
    • Revisiting the accelerator principle in a world of uncertainty: Some empirical evidence 

      Arestis, Philip; Gonzalez-Martinez, Ana Rosa (Elsevier, 2016-04-05)
      This contribution builds on the accelerator model to produce an investment function in which employment and households’ investment are used as proxies for economic activity. This analysis identifies a positive correlation ...
    • Unit Root Inference in Generally Trending and Cross-Correlated Fixed-T Panels 

      Robertson, Donald; Sarafidis, Vasilis; Westerlund, Joakim (Taylor & Francis, 2016-05-21)
      This paper proposes a new panel unit root test based on the generalized method of moments approach for panels with a possibly small number of time periods, T, and a large number of cross-sectional units, N. In the model ...