This paper contributes towards the growing debate concerning the world distribution of income and its evolution over that past three to four decades. Our methodological approach is twofold. First, we formally test for the number of modes in a cross-sectional analysis where each country is...

This paper contributes towards the growing debate concerning the world distribution of income and its evolution over that past three to four decades. Our methodological approach is twofold. First, we formally test for the number of modes in a cross-sectional analysis where each country is...

This paper contributes towards the growing debate concerning the world distribution of income and its evolution over that past three to four decades. Our methodological approach is twofold. First, we formally test for the number of modes in a cross-sectional analysis where each country is...

Within the field of social capital study, concerns have been expressed that deviations from a fundamental understanding that social capital is captured from embedded resources in social networks may reduce the intellectual enterprise to a catch all fad (Lin, Cook, Burt, 1999). This paper is an...

In the last few years new techinques able to help in explaining macroeconomic fluctuations have been developed. Following the article o fBlanchard (1989), concerning US macroeconomic data we will examine the UK economy using a new methodology, the so called "Structural" VAR analysis, developed...

Recently, it has been announced by economic policy makers, that Greece¡¯s ambition for the 21st century is to become a business and transport hub, linking south-east Europe with EU markets. Undoubtedly, public infrastructure plays a determinant role in fulfilling these expectations and plans....