A striking feature of South Africa`s trade liberalisation is that, until 1995, it did not involve any import liberalisation. The focus of earlier liberalisation was the reduction of anti-export bias, and, on the import side, the replacement of QRs with equivalent tariffs and other duties. This...

A fundamental macroeconomic problem in Zimbabwe is that the sum of public-sector projects is greater than the resources available to finance them. The government`s difficulty in discerning the macroeconomic limitations on new initiatives was greatly increased by the unusual circumstances of the...

Estimates are produced for differences between the ceteris paribus earnings of union and non-union workers in the UK and the US over time.

Many observers believe that times are growing harder for young people in Western society. This paper looks at the evidence and finds that conventional wisdom appears to be wrong.

This paper analyses the impact of cost competitiveness and technology on export performance using a very rich panel datset of 12 manufacturing industries in 14 OECD countries for the period between 1970 and 1992.

If a nation's economic performance improves, how much extra happiness does that buy its citizens? Most public debate assume -without real evidence- that the answer is a lot. This paper examines the question by using information on the well-being in Western countries.

A large literature in macroeconomics assumes a social objective function, W(pi,U), where inflation, pi, and unemployment, U, are bads. This paper provides some of the first formal evidence for such an approach. It issues data on the reported well-being levels of approximately one quarter of a...