Now showing items 2-4 of 4

    • Operating Leverage over the Business Cycle 

      Bhattacharjee, A.; Higson, C.; Holly, S. (Department of Applied 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)
      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 ...