This paper estimates the impact of active labour market programmes on wages in the UK. We estimate real wage equations, disaggregated by both region and industry, using a theoretical model which explicitly takes account of the welfare implications of labour market programmes for current employed...

During the 1980s, the reduction of inflation was a major policy objective for many countries. However, a key question is whether these deflationary policies merely reduced the level of inflation or actually changed the underlying process determining inflation. In this paper we examine the...

The first objective of this paper is to evaluate the importance of several non-price factors for UK trade performance. The second objective is to investigate whether UK trade relationships show evidence of Ôhysteresis' (ie, whether the large temporary appreciation of sterling in the early 1980s...

This paper estimates the impact of UK labour market reforms on UK wages in seven industrial sectors. We estimate real wage equations, disaggregated by industry, and find that the introduction of labour market reforms corresponds with an increase in wage flexibility for some of our sample...

This paper experiments with three different proxy variables - ie, relative patenting activity, R & D expenditure and investment - in an attempt to capture the importance of non-price factors (such as relative product quality, variety and innovation) in the determination of import volumes. The...