This paper attempts to estimate the supply response for wheat production in Greek agriculture. In our analysis we use the rigorous cointegration and the error correction method, as it is superior to the generally used Nerlovian partial-adjustment model. Since wheat is one of the most important...

This paper examines the process of convergence in relative GDP per capita across EU countries and Turkey and investigates the effects of openness, economic activity and human capital investment in the growth process. The presence of convergence was found to be higher for EU countries. We apply...

Multinational corporations [MNCs] usually engage in foreign direct investment [FDI] to take cost advantages of producing abroad to negate the need for licensing or subsidiary production. At the macro level, FDI accounts for significant proportions of MNCs total investment and has discernible...

This paper examines the role of wage relativities and unemployment levels as major potential economic causes of internal migration between the separate regions of Romania in the period 1995 - 2005. The different inter-regional migration routes are treated as cross-section units in a panel data...

The recent enlargement of the European Union [EU] has enhanced interest in the causes and consequences of migration between Central and Eastern European [CEE] and Western European countries. This paper considers immigration from CEE countries into the UK and the consequences for these countries'...

The Harris-Todaro model of migration is modified to incorporate the impact of human capital, housing stock and the availability of publicly provided goods like health care and road provision in order to analyse the determinants of migration in different regions of Poland. The Seemingly Unrelated...

In this paper, we innovatively apply both Taylor rule, where an interest rate is used as a policy reaction, and McCallum rule, where monetary base is considered as a policy instrument, for the new EU member states in analysing monetary policy reaction functions. For the Czech Republic, Poland,...

This paper investigates the interaction between migration and the European Union (EU) labour market. The study runs Granger causality tests using panel data on 13 of the original EU countries. As predicted by theory, the modelling unveils a negative relationship among unemployment and migration....

This paper discusses the potential benefits of monetary policy rules for transition economies [TEs]. It is argued that the nominal interest rate may fail to be the appropriate instrument in such rules. One reason is the amount of non-calculable political and economic risk inherent in TEs. These...

Recently, the European Union [EU] expanded to include ten Central and Eastern European countries [CEEC]. The United Kingdom [UK] is gradually opening its labour markets to countries that have joined the EU. This paper examines some of the causes and consequences of growing immigration from CEEC...