unemployment persistence. …

The question of why the unemployment rate takes a long time before it reverts back to its natural-rate following a … adjustment to the steady-state unemployment and the degree of risk-aversion in firms are positively related. The reason is that …

This paper contributes to the growing literature that attempts to explain unemployment persistence. We show that when … stabilizing macroeconomic force that reduces unemployment inertia. …

Spanish unemployment, focusing on demonstrating its long memory and generating macro-economic models with autoregressive … vectors in which the unemployment variable is presumed to be non-stationary and co-integrated. Its consideration in this … suppose, the same as Skalin and Teräsvirta (2002), a behaviour for unemployment which is locally non-stationary in a globally …

This paper discusses trust and trust perceptions in infrastructure contracts and supporting institutions. We focus on … countries, including the role of regulatory institutions. …

The current research emphasis on institutions as key determinants of economic performance, rather than on resources and … resource productivity, has uncovered important questions for further research. For example, if institutions are central to … institutions? What specific aspects of institutions are responsible for economic performance? This paper suggests that two broad …

The current research emphasis on institutions as key determinants of economic performance has uncovered important … questions for further research. For example, if institutions are central to economic performance, then what explains observed … differences in performance across parts of one economy sharing similar institutions? This paper suggests that two broad aspects of …

Institutions either promote or constrain economic performance, but which parts of institutions advance or restrict … performance, and why do economies sharing similar institutions sometimes perform differently? This paper is a modest attempt at … superstructural effects of institutions on aggregate and average income across 84 U.S. Native American economies (USNAEs). It finds …