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Three essays on technological progress and international trade
The thesis is divided into three essays. In the first essay, a two-by-two model is formulated in which changes in price are caused by technological progress that takes place in one sector. It is found that the factor used ...
Heteroskedasticity and serial correlation in tests for rational expectations and/or simple market efficiency: A white-type approach
The simple market efficiency hypothesis implies that prediction errors, such as forward less spot exchange rates, will be orthogonal to elements of the information set. One can therefore test for market efficiency via ...