Papers by Subject

Here you can see my publication by subject.

Climate Change


  1. With Y. Reingewertz and N. Paldor, "Polynomial Cointegration Tests of Anthropogenic Impact on Global Warming", Earth System Dynamics, 3: 173-188, 2012.
  2. With E. Frank, D. Felsenstein and Y. Reingewertz, "Tide-gauge location and the measurement of global sea level rise", Environmental and Ecological Statistics, 2014.
  3. With Y. Reingewertz and N. Paldor “Testing the historic tracking of climate change models” International Journal of Forecasting, 2016.










Health, Migration and Development, Gower Press, 1980.


Peer-reviewed Papers

  1. "Corruption and Development," World Development, pp. 15-24, January 1979.
  2. "Political Econometry of Official Development Assistance," World Development, pp. 137-144, February 1980.
  3.             "An Analysis of Cocoa Price Series by Autoregressive Model Fitting Techniques," with R.J. Bhansali, The Journal of Agricultural Economics, pp. 237-242, April 1980.
  4. "The World Bank's Contribution to Economic Development," in Recovery in the Developing World, The World Bank, Washington, DC, pp.34-46, 1986.
  5. With P. Sturdy, "The Determinants of Infant Mortality in Regional India", World Development, pp 443-53, 1990.
  6. With P. Sturdy, "Analysing Morbidity Determination with Flawed Data: The Case of Dysentery in Regional India", Social Science and Medicine, pp 211-219, 1991.




  1. With G. Szpiro, “Specification Search in Nonlinear Time-Series Models using the Genetic Algorithm”, Journal of Economic Dynamics and Control, 26: 811-835, 2002.
  2. With D. Felsenstein "Spatial Vector Autoregressions", Spatial Economic Analysis, 2: 167-96, 2007.
  3. With G. Allon, S. Hackman, U. Passy and A. Shapiro "Nonparametric Estimation    of Concave Production Technologies by Entropic Methods", Journal of Applied      Econometrics, 22: 795-816, 2007.
  4. With D. Feldman and D. Felsenstein, "Testing for Unit Roots and Cointegration in Spatial Cross Section Data", Spatial Economic Analysis, 7: 203-222, 2012.
  5. With N. Benzeev and D. Felsenstein, "Nonparametric Estimation of the Spatial Connectivity Matrix by the Method of Moments using Spatial Panel Data", Geographical Analysis, 44: 386-397, 2012.
  6. With A. Abu-Qan and M. Asali “The cycle of violence in the second Intifada: nonlinear vector autoregressions”, Journal of Applied Econometrics, forthcoming, 2017.




Energy Economics


  1. "The Depletion of UK Oil Resources," Energy, the International Journal, pp. 249-256, September 1977.
  2. With P. Willcocks, "The Dynamic Aggregate Time Series Relationship between Energy Consumption and Economic Activity in Industrialized Countries," Energy Economics, pp. 225-232, October 1981.
  3. With A. Dalziel, "The Demand for Energy in the UK: A General Equilibrium Analysis," Energy Economics, pp. 90-98, April 1986.
  4. "Generators and the Cost of Power Outages", Energy Economics, pp 283-289, October 1991.
  5. "The Stochastic Economics of Windpower", Energy Economics, 17, pp 27-37, 1995.
  6. With E. Goldin, "Priority Pricing in Electricity Supply: An Application for Israel", Resource                   and Energy Economics, 19: 175-189, 1997.
  7. With E. Goldin and Y. Haitovsky, "The Cost of Power Outages in the Business and Public                Sectors in Israel: Revealed Preference vs Subjective Valuation", The Energy Journal, 18:                  39-61, 1997. 
  8.    With E. Goldin and Y. Haitovsky, "The Treatment of Response Bias in a Conjoint Analysis of Power Outages", Energy Economics, 19: , 1997.
  9. With E. Goldin and D. Nabot, “The Demand for Electricity in Israel”, Energy Economics, 21: 168 – 183, 1999.




Financial Markets


  1. "The Robustness of the Black-Scholes Option Pricing Model," Investment Analyst, pp. 30-40, October 1982.
  2. "Tax Shields on Savings with Life Insurance Companies and Pension Funds in the United Kingdom," Fiscal Studies, pp. 62-74, November 1983.
  3.             "Forward Exchange Rates and 'Siegel’s Paradox'," Oxford Economic Papers, pp. 298-303, June 1985.
  4. With V. Brasse, "The Capital Structure of UK Non-Financial Companies 1966-1982," Investors in Industry, October 1984.
  5. With S. Dadashi, "The Profitability of Forward Currency Speculation by Central Banks," European Economic Review, pp. 449-456, April 1986.
  6. With V. Brasse, "Using Options to Price Maturity Guarantees," Journal of the Institute of Actuaries, pp. 151-166, June 1986.
  7. With K. Chan, "Economic Forces in the London Stock Market," Oxford Bulletin of Economics and Statistics, pp. 27-41, February 1988.






  1. With P. Sturdy, "The Determinants of Infant Mortality in Regional India", World Development, pp 443-53, 1990.
  2. With P. Sturdy, "Analysing Morbidity Determination with Flawed Data: The Case of Dysentery in Regional India", Social Science and Medicine, pp 211-219, 1991.
  3.          "An Indicator Model of Drug Use in Israel", Addiction, 90, pp 425-433, 1995.
  4. “Predicting the Stability and Growth of Acoustic Neuromas”, Otology and Neurotology, 23: 542-549, 2002.
  5. With G. Rahav, “Testing Gateway Theory: Do Cigarette Prices affect Illicit Drug Use?”, Journal of Health Economics, 21: 679-698, 2002.
  6. Epidemiology of Desistence among Addicted and Non-addicted Drug Users, P. Rosenqvist, J. Blomqvist, A. Koski-Jännes and L. Öjesjö (eds), Addiction and Life Course, Nordic Council for Alcohol and Drug Research, 44: 117-136, 2004.
  7. With G. Rahav, “Immunity and Susceptibility in Illicit Drug Use”, Journal of Quantitative Criminology, 20: 117-142, 2004.
  8. "Partial Program Evaluation with Observational Data: the Effect of Treatment on Drug Addiction", Journal of Experimental Criminology, 6: 83-113, 2010.
  9. With H. Levine and R. Raz, “The birth-gap and the recurrence of autism spectrum disorders: a population cohort study”, Research in Autism Spectrum Disorders, 2015.


Labor Economics



Work, Welfare and Taxation: A Study of Labour Supply Incentives in the United Kingdom, George Allen & Unwin, London, 1986.

With V. Brasse, Insurance for Unemployment, George Allen & Unwin, London, 1986. Republished by Routledge, 2011.


Modelling the Labour Market, (editor), Chapman & Hall, London, 1988.

Heredity, Family and Inequality: A Critique of Social Science, MIT Press, 2012.


Peer-reviewed Papers

  1. With P. Warburton, "An Aggregate Model of the UK Labour Market," Oxford Economic Papers, pp. 253-275, July 1982.
  2. "Competitive Unemployment Insurance Pricing," Geneva Papers on Risk and Insurance, pp. 23-31, January 1985.
  3. With P. Warburton, "Wages and Unemployment in Interwar Britain," Explorations in Economic History, July 1986, vol. 23, pp. 153-172, 1986.
  4. "Pensions and Labour Market Structure," Oxford Economic Papers, pp. 568-576, October 1987.
  5. With P. Warburton, "A 'Phillip's Curve' Model of the UK Labour Market," in M. Beenstock (ed.), Modelling the Labour Market, Chapman & Hall, pp. 71-104, 1988.
  6. "Unemployment in Interwar Britain: A Reply," National Institute Economic Review, February 1987.
  7. With D. Blake, "Stochastic Analysis of Competitive Unemployment Insurance Premiums," European Economic Review, pp. 7-26, February, 1988.
  8. With C. Whitbread, "Explaining Changes in the Union Mark-Up for Male Manual Workers in Great Britain, 1953-1983," British Journal of Industrial Relations, December, 1988.
  9. "Regret and Jubilation in Trade Union Wage Bargaining," Oxford Economic Papers, July, 1988.
  10. With P. Warburton, "The Market for Labour in Interwar Britain", Explorations in Economic History, pp 287-308, 1991.
  11. With S. Ribon, "The Market for Labour in Israel", Applied Economics,25,pp71-982, 1993.
  12. With J. Metzer, "Immigration and the Jewish Economy in Mandatory Palestine:an                              Econometric Exploration", Research in Economic History, 15, pp 149-213, 1995.

13."Failure to Absorb: Return Migration by Immigrants to Israel", International Migration Review,              30, pp 950-978, 1996.

14."The Acquisition of Language Skills by Immigrants: the Case of Hebrew in Israel",                             International Migration, 34, pp3-30, 1996.

15.        "The Demand for Training by the Unemployed in Israel", Oxford Economic Papers, 49,    pp                 273-290, 1997.    

16.      "Training and the Time to Find a Job in Israel", Applied Economics,28, pp 935-946, 1996.

17. "The Internal Migration of Immigrants in Israel", Quarterly Review of Finance and                             Economics, 37, Special Issue,  Barry Chiswick (ed), pp 263-284, 1997.

18. With Y. Ben Menahem, "The Labour Market Absorption of CIS Immigrants in Israel:                          1989-1994", International  Migration, 35: 187-224, 1997.

19.    "Internal Migration of Immigrants in the Short-Run: Israel 1992-1994, International Migration    Review, 33: 1098 – 1016, 1999.

20. With B. Chiswick and G. Repetto, “The Effect of Language Distance and Country of Origin on Immigrant Language Skills”, International Migration, 39: 33 – 60, 2001.

21. “Rank and Quantity Mobility in the Empirical Dynamics of Inequality”, Review of Income and Wealth, 50: 519 – 541, 2004.

22. "Do Abler Parents have Fewer Children?", Oxford Economic Papers, 59: 430-57, 2007.

23. "Deconstructing the Sibling Correlation: How Families create Inequality", Journal of Family and Economic Issues, 29: 325-345, 2008.


24. With Y. Eyal "Sign Reversal in LIVE Estimates of Treatment Effects: The Effect of Vocational Training for the Unemployed on Unemployment Durations, Labor Economics, 2008.

25."Nature and Nurture in the Intergenerational Transmission of Inequality", Journal of Income Distribution, 18: 118-141, 2009.

26. "Crying games in the Theory of Child Development", European Journal of Development Psychology, March, 2010.

27. with B. Chiswick and A. Paltiel "Testing the Immigrant Assimilation Hypothesis with Longitudinal Data", Review of Economics of the  Household, 8: 7-27, 2010.

28. "Longitudinal Analysis of Earnings Assimilation among Immigrants in Quebec", New Directions in Canadian Studies, S. Gill and R.K. Dhawan (eds), Vedanta Books, New Delhi, 2012.

30.With D. Feldman “Decomposing university grades: a longitudinal study of students and their instructors” Studies on Higher Education, 2016.



Law and Crime


  1. The Productivity of Judges in the Courts of Israel”, Israel Law Review, 35: 249-65, 2001.
  2. With Y. Haitovsky, “Does the Appointment of Judges Increase the Output of the Judiciary?”, International Review of Law and Economics, 24: 351-69, 2004.





The Foreign Exchanges: Theory, Modelling and Policy, Macmillan, London, 1978.

A Neoclassical Analysis of Macroeconomic Policy, Cambridge University Press, 1980.


Peer-Reviewed Papers

  1. "Monetary Policy under Fixed Exchange Rates: The Case of West Germany," in S. Frowen et al (eds.), West German Financial Modelling, Surrey University Press, pp. 213-228, 1977.
  2. "Arbitrage, Speculation and Official Forward Intervention: The Case of Sterling and the Canadian Dollar," The Review of Economics and Statistics, pp. 135-139, February 1979.
  3. "A Quarterly Econometric Model of the UK Capital Account," with S. Bell, The Manchester School, pp. 33-62, March 1979.

4.         "Exchange Rate Objectives and Macroeconomic Adjustment in the UK," with T. Burns in R. Major (ed.), Britain's Trade and Exchange Rate Policies, pp. 96-122, Heinneman 1979.

5.         "The Application of Rational Expectations to the UK Foreign Exchange Market," with S Bell in D. Currie and W. Peters (eds.), Studies in Contemporary Economic Analysis, Vol. 2, Croom-Helm, pp. 105-126, 1980.

6. "Exchange Rate Expectations and Interest Rate Differentials," Review of Economics and Statistics, p.148, February 1981.

7.         With A.Longbottom, "The Term Structure of Interest Rates in a Small Open Economy," The Journal of Money, Credit and Banking, pp. 44-59, February 1981.

8.         With A. Budd and P. Warburton, "Expectations, Real Exchange Rate Dynamics and Monetary Policy,"  Oxford Economic Papers, pp.85-119, July Supplement 1981.

9. "Finance and International Direct Investment," in J. Black and J.H. Dunning (eds.), International Capital Movements, Macmillan, 1982.

10.       "Capital Market and Counter-Inflation Policies under Floating Exchange Rates in the United Kingdom, 1979-1981," in N. Bruck (ed.), Capital Markets Under Inflation, Praeger, New York, 1982.

11.       With P. Warburton, "UK Imports and the International Trading Order," Welwirtschaftliches Archiv (Review of World Economics) pp. 707-725, 1982.

12.      With A. Longbottom, "Money, Debt and Prices in the UK," Economica, pp. 389-408, November 1982.

13. "Rational Expectations and the Effects of Exchange Rate Intervention on the Exchange Rate," Journal of International Money and Finance, pp. 319-331, December 1983.

14 With A. Dalziel and P. Warburton, "Aggregate Investment and Output in the UK," Recherches Economiques de Louvain, Vol. 50, pp. 125-144, 1984.

15. "The Theory of Last Resort Lending," in Z. Res and G. Wood (eds.), Financial Crises, Macmillan, London, 1987.

16.    With A. Dalziel, P. Lewington and P. Warburton, "A Macroeconometric Model of Aggregate Supply and Demand for the UK," Economic Modelling, pp. 242-268, October 1986.

17.     With D. Blake and V. Brasse, "The Accuracy of UK Exchange Rate Forecasters," Economic Journal, December 1986.

18        "The General Theory, Secular Stagnation and the World Economy," in J. Burton (ed.), Keynes General Theory: Fifty Years On, Institute of Economic Affairs, Hobart Paperback 24, pp. 119-136, 1986.

19        With P. Lewington, "The Effects of Macroeconomic Policy on Aggregate Supply in the UK," in Economic Modelling of the OECD Economies, H. Motamen (ed.), Chapman & Hall, pp. 327-353, 1988.

20.     "The Determinants of the Money Multiplier in the United Kingdom", Journal of Money Credit and Banking, pp 464-480, November 1989.

21.       "Exchange Rate Dynamics" in D. Llewellyn and C. Milner (eds), Current Issues in International Monetary Economics, Macmillan, London, 1990.

22.    With C. Whitbread, "Fixed Investment and the Technological Gap in the United Kingdom", Applied Economics, pp 905-916, July 1990.

23.    With Y. Lavi and S. Ribon, "The Supply and Demand for Exports in Israel", Journal of                            Development Economics, 44, pp 330-350, 1994.

24.       With Y. Lavi and A. Offenbacher, "A Macroeconometric Model for Israel 1962- 1990: A                          Market Equilibrium Approach to Aggregate Demand and Supply", Economic Modelling, 11,                  pp 413-462, 1994.

25.      "Business Sector Production in the Short and Long-Run in Israel", Journal of Productivity                 Analysis, 8: 53-69, 1997.

26. With J. Fisher, The Macroeconomic Effects of Immigration: Israel in the 1990s”,                                 Weltwirtschaftliches Archiv (Reviiew of World Economics) 133: 330-358, 1997.

27.      With E. Azoulay, A. Offenbacher and O. Sulla " A Marcroeconometric Model with    Oligopolisitic Banks: Monetary Control, Inflation and Growth in Israel", Economic Modelling, 20: 455-486, 2003.

28.  "Monetary Policy under Banking Oligopoly", in P. Minford (ed) Money Matters: Essays in Honour of Alan Walters, Edward Elgar, Cheltenham UK, 2004.

29. "Market Foundations of the New Financial Architecture", P. Booth (ed) Verdict on the Crash: Causes and Policy Implications, Institute of Economic Affairs, London, 2009.

30. With A. Ilek "Wicksell's Classical Dichotomy: Is the Natural Rate of Interest independent of the Money Rate of Interest?" Journal of Macroeconomics, 32: 366-377, 2010.

31. With M. Khatib “Contagion and Correlation in Bank Credit Risk in Israel” Israel Economic Review, forthcoming 2017.






Public Economics


  1. "A Democratic Model of the Rent - sought Benefit Cycle", Public Choice, pp 1-14, 1989.
  2. " Country Survey XI: Defence and the Economy in Israel", Defence and Peace         Economics, 9: 171-222, 1998.
  3. With  D.  Gafni, “Globalization in Road Safety: Explaining the Downward Trend in Road Accident Rates in a Single Country (Israel)”, Accident Analysis and Prevention, 32: 71 – 84, 2000.
  4. With E. Goldin and Y. Haitovsky, “What Jackpot? The Optimal Lottery Tax”, European Journal of Political Economy, 16: 655 – 671, 2000
  5. With Y. Haitovsky, “Lottomania and other Anomalies in the Market for Lotto”, Journal of Economic Psychology, 22: 721-744, 2001.
  6. With D.  Gafni, “The Effect of Traffic Policing on Road Safety in Israel”, Accident Analysis and Prevention, 33: 73 – 80, 2001.
  7. "Regulatory Failure in the Subprime Crisis", Open Economy Review, 21: 147-150, 2010.






Spatial Economics



Econometric Analysis of Nonstationary Spatial Panel Data, with D. Felsenstein, Springer, (under review) 2017.


Peer-reviewed Papers

  1. With M. Bar-Nathan and Y. Haitovsky, "The Market for Housing in Israel", Regional Science and Urban Economics, 28: 21-50, 1998.
  2. “Country Size in Regional Economics”, in D. Felsenstein and B. Portnov (eds) Regional Disparities  in Small Countries, Springer, Berlin, 2005.
  3. With D. Felsenstein "Spatial Vector Autoregressions", Spatial Economic Analysis, 2: 167-96, 2007.
  4. With D. Felsenstein "Mobility and Mean Reversion in the Dynamics of Regional Inequality", International Regional Science Review, 30: 335 – 361, 2007.
  5. With D. Felsenstein "Regional Heterogeneity, Conditional Convergence and Regional Inequality", Regional Studies, 42: 475-488, 2008.
  6.  with D. Felsenstein "Spatial Error Correction and Cointegration in Nonstationary Panel Data: Regional House Prices in Israel", Journal of Geographical Systems, 12: 189-206, 2010.
  7. with D. Felsenstein "Marshallian Theory of Regional Agglomeration", Papers in Regional Science, 89: 155-172, 2010.
  8. with D. Felsenstein and N. Benzeev, "Capital Deepening and Regional Inequality: an Empirical Analysis", Annals of Regional Science, 47: 599-617, 2011.

9. With D. Feldman and D. Felsenstein, "Testing for Unit Roots and Cointegration    in Spatial Cross Section Data", Spatial Economic Analysis, 7: 203-222, 2012.

    10. With N. Benzeev and D. Felsenstein, "Nonparametric Estimation of the Spatial Connectivity Matrix by the Method of Moments using Spatial Panel Data",          Geographical Analysis, 44: 386-397, 2012.

    11. With D. Felsenstein and D. Feldman, "Hedonic pricing when housing is endogenous: the value of access to the Trans-Israel Highway", Papers in                        Regional Science, 2015.

  12.  With D. Felsenstein, "Spatial spillover in housing construction", Journal of Housing Economics, 2015.

   13. “How internally mobile is capital?” Letters in Spatial and Resource Science, forthcoming, 2017.

   14. With D. Felsenstein “The effect of foreign direct investment on regional wage inequality” Letters in Spatial and Resource Science, forthcoming, 2017.


World & International Economics



The World Economy in Transition, George Allen and Unwin, London, 1983 (Second edition, 1984). Republished by Routledge, 2011.

With A. Vergottis, Econometric Modelling of World Shipping Markets, Chapman and Hall, 1993.


Peer-Reviewed Papers

  1. "A Quarterly Econometric Model of World Trade and Prices, 1955-1971," with P. Minford in Inflation in Open Economies, M. Parkin and G.Zis (eds.), Manchester University Press, pp. 85-125, 1976.
  2. "Policies towards International Direct Investment: A Neoclassical Reappraisal," The Economic Journal, pp. 533-542, September 1977.
  3. With P. Warburton, "Long Term Trends in Economic Openness in the United Kingdom and the United States," Oxford Economic Papers, pp. 130-135, March 1983.
  4. With G. Dicks, "An Aggregate Dynamic Monetary Model of World Output and Prices," European Economic Review, pp. 261-185, April 1983.
  5. "A Theory of Ship Prices," Maritime Policy and Management, pp. 215-225, 1985.
  6. With S. Khajuria, "The Determination of Marine Insurance Premiums: An International Analysis 1963-1981, Maritime Policy and Management, vol. 13, pp. 45-52, 1986.
  7. With K.F. Chan, "Testing the Arbitrage Pricing Theory in the United Kingdom," Oxford Bulletin of Economics and Statistics, pp. 121-142, May 1986.


      8.  "A Theory of Home Currency Preference," Review of World Economics, pp. 223-232, June 1986.

      9. With G. Dickinson and S. Khajuria, "The Determination of Life Premiums: An International Analysis," Insurance: Mathematics and Economics, pp. 261-               70, 1986.

     10. With G. Dickinson and S. Khajuria, "The Relationship between Property-Liability Insurance Premiums and Income: An International Analysis," Journal of            Risk and Insurance, June, 1988.

      11. "An Econometric Analysis of North-South Interdependence," in D. Currie and D. Vines (eds.), North-South Macroeconomic Interactions, Cambridge                    University Press, 1988.


       12. "An Aggregate Model of Output, Inflation and Interest Rates for Industrialized Countries," Review of World Economics, pp. 403-19, 1988.

       13.  "The Balance of Payments of Oil-Importing Developing Countries: An Aggregate Econometric Analysis," Geoforum, vol. 19, no. 1, pp. 29-43, 1988.

       14.  With A. Vergottis, "An Econometric Model of the World Market for Dry Cargo, Freight and Shipping," Applied Economics, March 1989.

       15.  With A. Vergottis, "An Econometric Model of the World Tanker Market", Journal of Transport Economics and Policy, pp 263-280, September 1989.

        16. "The Reintegration of Eastern Europe into the World Economy", Policy Studies, 44, The                    Leonard Davis Institute, Jerusalem, November                     1991.

         17. "The Determinants of US Assistance to Israel", The Jerusalem Journal of International                     Relations, 14, pp 65-97, 1992.

         18.  "The International Pattern of Military Spending", Economic Development and Cultural Change, 41, pp 633-649, 1993.

         19. With A. Vergottis, "The Interdependence between the Dry Cargo and Tanker Markets", The               Logistics and Transportation Review, 29, pp3-38,               1993.

         20.   "Saving, Investment and Growth in the Industrialized Countries: An Econometric Investigation" in E.S.Phelps (ed), World Saving Prosperity and                           Growth, Macmillan, 1993.

         21.  "An Econometric Model of the Oil Importing Developing Countries",Economic Modelling, 12,              pp 3-14, 1995.

         22.  “The Rise, Fall and Rise again of OPEC”, in M. Oliver and D. Aldcroft (eds) Great Economic Disasters, Elgar, London, 2007.