This paper explores the interrelation between the degree of unemployment persistence and the unemployment-productivity trade-off. The analysis suggests that the more effective are structural labour market policies (designed to change labour market institutions and laws, such as job security...

The strength of product market competition plays an important role in economic growth as it affects economic efficiency and the allocation of resources, and can also lead to improved labour market performance. This paper examines product market competition and economic performance in the...

A previous research ignores the distinction between short term and long term, and by decomposing financial variables (world general and stock market indexes) and the macroeconomic variable (oil prices) at various time scales, we study the relationship among series on a daily scale by scale...

Bu çalışmada finansal kırılganlık Post Keynesyen yaklaşımla ele alınmış ve Türkiye ekonomisinde 1988-2010 yılları arasında finansal kırılganlığı tartışmak için Minskian finansal durum analizinden yola çıkılmıştır. Bunun için eklenti kar oranı, sermaye birikim hizi...

Using recent cross-national data, this research examines the determinants of the shadow economy, focusing on the relative effects of military and non-military government spending. Results show that, other things being the same, nations with larger military spending have smaller shadow economies,...

We examine the empirical relationship between the institutions of economic freedom and labor shares in a panel of up to 93 countries covering 1970 through 2009. We find that a standard deviation increase in the Fraser Institute's Economic Freedom of the World (EFW) score is associated with about...

This paper analyzes the theoretical and empirical links between key economic variables such as foreign direct investment (FDI) and private investment spending in Latin America during the 1981- 2000 period. The pooled model tests the complementarity hypothesis which suggests that increases in FDI...

This study estimates an aid-growth model and an aid-fiscal model to quantify the effects of foreign aid on GDP growth and fiscal behavior in Bangladesh over the 1973-1999 period. The aid-growth model applies the cointegration method to a neoclassical growth model and finds that aid has marginal...

In this study we present a comparison of investment and production per head in 21 areas of the World, and we find that in many poor areas there has been little improvement during the period 2000-2010. One of the main causes of this disappointing result has been the stagnation in many countries,...

We analyze how expropriation risk reduces incentives for innovation and reallocates resources from the innovative sector, building on Romer's(1990) model. Our framework predicts the R&D expenditure, the share of human capital in R&D, the number of patents, technical progress, and economic growth...