Shakil Quayes

Does inflation affect stock prices

Incorporating demand and supply factors, this article investigates the relationship between inflation and stock prices, in a capital gains tax regime in USA. Based on annual data, the results show that inflation has a negative impact on stock prices.

The impact of local taxes on public school performance: the case of Pennsylvania

This study investigates how education inputs impact school performance. The focus is on local taxes since local tax revenues are the primary source of financing public schools. Using both OLS and 2SLS and examining 507 school districts in Pennsylvania during 1996 to 1999, results reveal that local taxes are strongly related to school performance implying that they have a direct effect on education inputs.

Underpricing of initial public offerings in Bangladesh

The present study provides a comprehensive analysis of the short-run underpricing of initial public offerings (IPO) in Bangladesh and attempts to identify the factors which contribute to such underpricing in this heavily regulated underwriting market. Using a sample of 90 IPOs issued during the short-lived stock market boom in the mid-nineties, we show that increased ownership stake and foreign participation lowers the magnitude of underpricing.

The impact of capital gains tax exemption on housing sales

The Taxpayer Relief Act (TRA), enacted in 1997, allows tax exemption of capital gains up to

BUDGET DEFICITS AND INTEREST RATES: THE US EVIDENCE SINCE 1946

500u2009000 for married couples filing jointly and

Linkage Between Production and Consumption of an Agricultural Household

250u2009000 for singles, on the sale of primary residence. By making it easier to sell a house that has appreciated in price, this tax exemption provides an additional incentive for purchasing a house. The study utilizes a simple regression model to demonstrate that TRA has had a statistically significant positive impact on housing sales.

A duration analysis of privatization in the telecom sector

Many economists believe that federal governments budget deficits result in higher interest rates. This increase in interest rates can stifle private investment and impede the real rate of economic growth for the economy. This paper examines the potential impact of federal budget deficits on long-term interest rates for corporate bonds. The study is based on post-war annual US data, and employs a standard demand-supply model. The empirical results in our study provide evidence that the increasing budget deficits lead to higher interest rate for corporate bonds. In this regard, our study supports arguments for the crowding out theory.

Market Work and Household Work as Deterrents to Schooling in Bangladesh

The importance of modeling farm households in LDCs as being both producers and consumers of the same good has been recognized for some time. Using a Cobb-Douglas specification for the production function and a linear expenditure system, the paper presents empirical evidence of the linkage between the consumption and production decisions of the agricultural household in Bangladesh. In addition, the study finds that the government price support policy for rice results in higher real wages and hence benefits the landless labor.

Does budget deficit lower equity prices in USA

The paper attempts to identify the telecom-sector performance indicators, relevant economic variables, and institutional characteristics of a country that effect the process of privatization of state-owned telecom enterprises. Using standard duration analysis of a panel data, we demonstrate that the privatization incentives are not only shaped by the mobility of financial capital in a country but are also influenced by the degree of competitiveness of private sector participation in policy-making process. The empirical results also reveal the significant impact of productive efficiency in telecom service provision on its course to privatization.