Comments

In this paper we compare Bartlett-corrected, bootstrap, and fast double bootstrap tests on maximum likelihood estimates of cointegration parameters. The key result is that both the bootstrap and the Bartlett-corrected tests must be based on the unrestricted estimates of the cointegrating vectors: procedures based on the restricted estimates have almost no power. The small sample size bias of the asymptotic test appears so severe as to advise strongly against its use with the sample sizes commonly available; the fast double bootstrap test minimizes size bias, while the Bartlett-corrected test is somehow more powerful.     

Human Behavior and the Social Environment: Models,Metaphors and Maps for Applying Theoretical Perspectives to Practice

From Diagnosis to Treatment in Child Psychiatry. Group for the Advancement of Psychiatry. (New York: Jason Aronson, Inc., 1974.)

Psychotherapeutic Approaches to the Resistant Child. Dr. Richard Gardner. (New York: Jason Aronson, 1975.)     

Data-driven tests of uniformity on product manifolds

Data-driven versions of Sobolev tests of uniformity on compact Riemannian manifolds are reviewed and their large-sample asymptotic properties are given. A variant which is suitable for product manifolds is introduced. Data-driven goodness-of-fit tests of multivariate distributions are derived from data-driven tests of uniformity on tori.     

The Rate of Return on Investment in Wine

Is wine an investment alternative to stocks and bonds? First, we review prior studies regarding the pecuniary rate of return to wine and other alternatives to financial assets. Next, we calculate the rate of return to holding red Bordeaux wine from 1986 to 1996 using a repeat‐sale regression. Finally, we contrast the financial performance of wine, both on an aggregate basis and for various portfolios, to that of other asset classes. We conclude that wine does not yield greater returns than financial assets, especially when the volatility of returns and transaction costs are taken into account.     

电子信息化推进高校财务管理创新

电子信息技术的普及和成熟,给高校财务管理带来了新的发展机遇和挑战,有利推动高校财务的组织和运行创新,为加快财务核算、支付、服务等流程的改造和创新提供了技术设想和可行性,高校财务电子信息化创新将越来越趋重于财务信息的公开共享和信息数据的绩效评价。     

An analysis of indirect mortality estimation

In this paper the robustness of Brass's child-survivorship indirect mortality estimation technique is investigated. An analytical method is developed for studying the error or bias caused in indirect mortality estimates by poor data, badly chosen model functions, and specific demographic assumptions that are often violated in practice. The resulting analytical expressions give insight into the rationale of indirect methods, the conditions under which they are robust, and the magnitude of errors that occur when specific assumptions are violated.     

The therapeutic value of women's adult friendships

Abstract

In 1980, thirty‐five years after the end of World War II, the long‐term impact of war‐trauma on individuals’ lives led to concern about Post‐Traumatic Stress Disorder. While the focus here is not on “disorders,” it is on interactive patterns of “defensive” caretaking behaviors which contribute to intergenerational transmission of anxiety, silence and losses related to the Holocaust. In this long‐term group, defensive caretaking patterns are conceptualized as second‐generation behaviors which focus on parental needs thereby avoiding addressing second‐generation vulnerabilities. Relevant concepts of Sullivan, Winnicott, Bion and Fairbairn are applied. In an innovative trauma group design, defensive caretaking patterns are illustrated through clinical examples and interventions by the therapist as a “validating object” work to mitigate transmission to still the next generation.     

The Impact of Immigrant Status on Home Ownership in Australia

This paper examines the impact of immigrant status on home ownership in Australia. It shows that the rate of home ownership for most groups of immigrants is comparable to that of the Australian born. As expected, recently arrived immigrants have relatively low probabilities of owning their own home. These results hold for both analyses pooled across movers and non‐movers, and for analyses restricted to those, both immigrants and the native born, who moved residence in the previous five years. A decomposition of the estimated coefficients of the model of tenure choice is developed. This is shown to enhance understanding of variations in rates of home ownership across birthplace groups.