A panel data analysis of the determinants of oil consumption : the case of Australia

The goal of this paper is to examine the determinants of oil consumption for a panel consisting of six Australian States and one territory, namely Queensland, New South Wales, Victoria, Tasmania, South Australia, Western Australia, and the Northern territory, for the period 1985–2006. We find that oil consumption, oil prices and income are panel cointegrated. We estimate long-run elasticities and find that oil prices have had a statistically insignificant impact on oil consumption, while income has had a statistically significant positive effect on oil consumption.

Non-standard work schedules and health outcomes in Australia : some evidence from the HILDA Panel

What does the around-the-clock economic activity mean for workers' health? Despite the fact that non-standard work accounts for an increasing share of the job opportunities, relatively little is known about the potential consequences for health and the existing evidence is ambiguous. In this paper I examine the associations between non-standard job schedules and workers' physical and mental health outcomes using longitudinal data from the Household, Income and Labour Dynamics in Australia (HILDA). Specifically, the four health indicators considered are self-rated health and the SF-36 health indices for general health, mental health and physical functioning. Overall results generally suggest a negative relationship between non-standard work schedules and better health for both males and females. Regarding the statistical significance and magnitudes of the associations, however, we observe apparent differences between males and females. Among females, most of the coefficients in all models are statistically insignificant, which implies very small magnitudes in terms of the correlation between non-standard working hours and health. These results apply uniformly to all health measures investigated. Among males, on the other hand, the negative relationship is more noticeable for self-rated health, general health and physical functioning than for mental health. The pooled OLS and random effects coefficients are usually larger in magnitude and more significant than the fixed effects parameters. Nonetheless, even the more significant coefficients do not imply large effects in absolute terms.

Is there a unit root in the inflation rate? New evidence from panel data models with multiple structural breaks

In this article, we examine whether or not the inflation rate for 17 OECD countries can be modelled as a stationary process. We find that (1) conventional univariate unit root tests without any structural breaks generally reveal that the inflation rate contains a unit root; (2) the KPSS univariate test with multiple structural breaks reveals that for 10 out of 17 countries inflation is stationary; and (3) the KPSS panel unit root test reveals strong evidence for stationarity of the inflation rate for panels consisting of countries which were declared nonstationary by univariate tests.

Tourism and economic growth: a panel data analysis for Pacific Island countries

The contribution of tourism to the economic growth of Pacific Island countries (PICs) has achieved significance in the past decade. The shift in the economic policies of the PICs from the late 1980s has been decisively away from import substitution and agriculture to urban-based manufacturing and services sectors. Tourism is the main component of the services sector in the PICs. The contribution of tourism to economic growth in Fiji, Tonga, the Solomon Islands and Papua New Guinea is expected to grow. The authors use panel data for the four PICs to test the long-run relationship between real GDP and real tourism exports. They find support for panel cointegration and the results suggest that a 1% increase in tourism exports increases GDP by 0.72% in the long run and by 0.24% in the short run.

Are OECD stock prices characterized by a random walk? Evidence from sequential trend break and panel data models

This paper examines whether stock prices for a sample of 22 OECD countries can be best represented as mean reversion or random walk processes. A sequential trend break test proposed by Zivot and Andrews is implemented, which has the advantage that it can take account of a structural break in the series, as well as panel data unit root tests proposed by Im et al., which exploits the extra power in the panel properties of the data. Results provide strong support for the random walk hypothesis.

Electricity consumption in G7 countries : a panel cointegration analysis of residential demand elasticities

This article applies recently developed panel unit root and panel cointegration techniques to estimate the long-run and short-run income and price elasticities for residential demand for electricity in G7 countries. The panel results indicate that in the long-run residential demand for electricity is price elastic and income inelastic. The study concludes that from an environmental perspective there is potential to use pricing policies in the G7 countries to curtail residential electricity demand, and thus curb carbon emissions, in the long run.

Consistency of sensory testing with 4- and 5-year-old children

Rank-order and paired comparison tests are widely used methods to assess previous termsensorynext term perception of young children. Small age differences could, however, influence the ability of children to carry out such tasks. This study compared rank-order and paired comparison tests for previous termconsistencynext term in previous term4next term- and 5-year-old children. During previous termfournext term sessions, 22 young adults, 21 previous term4next term-year-old and 47 5-year-old children carried out rank-order and paired comparison tests to measure discriminatory ability (0.22 M, 0.25 M, 0.29 M, 0.34 M, 0.39 M sucrose in orangeade) and preference (0.14 M, 0.20 M, 0.29 M, 0.42 M, 0.61 M sucrose in orangeade). Young adults and 5-year-old children were able to discriminate between all solutions and showed a high previous termconsistencynext term between the rank-order and pair-wise tests for discriminatory ability (>76% previous termconsistency)next term and preference (>71% previous termconsistency)next term. In contrast, previous term4next term-year-olds detected differences in sweetness during the preference tests, but failed to distinguish sweetness intensities during the discriminatory ability tests. It is concluded that the dissimilarity between previous term4next term-and 5-year-olds in performing previous termsensorynext term tests was due to a difference in their cognitive skills rather than their previous termsensorynext term perceptual differences.

Anaerobic capacity and adaption of endurance-trained runners

Demonstrates that anaerobic capacity, using the accumulated oxygen deficit technique, can be measured rapidly and with a high degree of precision, however significant difficulties remain to be addressed. Significant further insights into some of the underlying cellular mechanisms associated with increases in anaerobic capacity were also obtained.

Intramuscular determinants of the VO₂ slow component in trained cyclists

Fifteen trained male cyclists had muscle biopsies and performed cycling tests to determine if relationships exist between the oxygen uptake response and various intramuscular variables. It was found that muscle oxidative capacity is better able to explain the oxygen uptake response during high intensity cycling than muscle fiber distribution.

Highly fluorescent TPA-PBPV nanofibers with amplified sensory response to TNT

Well-aligned nanofibers were prepared from a conjugated polymer, poly(triphenylamine-alt-biphenylene vinylene) (TPA-PBPV), using a solution-assisted template wetting technique. TPA-PBPV was also coated on the surface of electrospun polyacrylonitrile (PAN) nanofiber nonwoven membrane. The extremely large surface area, highly porous fibrous structure, optical scattering and evanescent-wave guiding effect imparted these one-dimensional (1D) nanofibrous materials with highly improved sensory ability to 2,4,6-trinitrotoluene (TNT) vapors and higher quenching efficiency than that of the neat TPA-PBPV films. The results suggest that nanofibrous structures could be a promising strategy to improve the sensory efficiency of fluorescent chemosensors.

Evidence on PPP for selected Asian countries from a panel cointegration test with structural breaks

The goal of this article is to examine evidence for purchasing power parity (PPP) for a panel of Asian countries, namely Malaysia, Thailand, India, Pakistan, Sri Lanka and the Philippines. Our main contribution is that for the first time in this literature we use a panel cointegration test, developed by Westerlund (2006), which allows us to incorporate multiple structural breaks. We find that using Gregory and Hansen's (1996) residual-based test for cointegration and Pedroni's (1999) panel cointegration test without structural breaks provide weak evidence of cointegration between nominal exchange rates vis-à-vis the US dollar and relative prices. However, when we use the Lagrange multiplier panel structural break cointegration test we find strong evidence of panel cointegration, providing evidence for PPP.