International Advances in Economic Research

International
Advances in
Economic
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VOLUME 9	MAY 2003	NUMBER 2	E-Mail: iaes@iaes.org
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TABLE OF CONTENTS

ARTICLES
Dividend Policies in Australia and Japan Horace Ho	91
Market Microstructure and Security Pricing in the Warsaw Market John W. Sell	101
Long-Term Growth Scenarios for Poland to 2025 Waldermar Florczak and Wladyslaw Welfe	114
Economic Mechanisms for Environmental Protection: Business Versus Market Transaction Costs Conchita Garces Ayerbe and Carmen Galve Gorriz	123
Public Expenditure, Income Distribution, and Growth in OECD Countries Oscar Alfranca and Miguel-Angel Galindo	133
Growth and the Current Account: Malaysia and Singapore Ignacio Mauleon and Raul Sanchez Larrion	140
Earnings Management by Firms Announcing Earnings after SEC Filing Kwang-Hyun Chung, Rudolph A. Jacob, and Ya B. Tang	152
Rational Expectations and M2 Demand Russell Rhine	163
RESEARCH NOTES
Uniqueness in Currency Crisis Models Christian Bauer	167
The Fisher Separation Theorem Extended to a Macroeconomic Model Alan Hochstein	167
Is There Still an Umemployment and Inflation Trade-Off? Kingsley Nwala	168
Needs of Entrepreneurial Developing Economies William E. Ward	168
Educational Mismatches in Mexico: The Importance of Labor Market Assignments Stephen Rubb and Michael A. Quinn	169
Accounting Information in Thin and Emerging Capital Markets Samir M. El-Gazzar and Zakaria M. El-Sadek	169
Factors that Stall Development in Third World Countries Patricia Gloster-Coates, Elizabeth Lott, and Linda Quest	170
Welfare Impacts of Electricity Generation Sector Reform in the Phillipines Natsuko Toba	170
The German Economy Since Reunification L. W. Lovik, E. T. Merkel, and H. J. Peterson	171
Long-Run Relationship Between Population and Economic Growth in Botswana Emmanuel Anoruo and Habtu Braha	171
The Finance Growth Nexus: Evidence from Sub-Saharan Africa Douglas K. Agbetsiafa	172

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Suggested Citation
International Advances in Economic Research, Volume 9, Number 2, May 2003

An official publication of the International Atlantic Economic Society