This paper examines the endogenous interaction between labor costs and Foreign Direct Investment (FDI) in the OECD countries via the Panel VAR approach under system GMM estimates for the period 1995-2009. The available data allows identifying the relevance of the components of labor costs, and...

This paper examines the endogenous interaction between labor costs and Foreign Direct Investment (FDI) in the OECD countries via the Panel VAR approach under system GMM estimates for the period 1995–2009. The available data allows identifying the relevance of the components of labor costs, and...

The high import content of Turkish exports and the dominance of low- and medium-tech in Turkey’s export basket pose a challenge to sustainable current account deficit and economic growth. In this study, we investigate the export performance of Turkey to understand the underlying causes of high...

Happiness and life satisfaction are two empirically correlated but conceptually different determinants of quality of life. It has been theorized that happiness is an affective construct, whereas life satisfaction is a cognitive one. According to the recent literature, substantial levels of...