The main aim of this article is to analyze the effects of industrial and trade policy of the European Union on economic development, with particular reference to the negative effects of excessive trade deficits and industrial decline in some EU countries in the period 2000-2010. We compare 5...

In this article we present an econometric analysis of the relationship between several indicators of economic development and wellbeing in Europe, the United States and Canada. We calculate a compound index of several indicators based on three groups: 1) Life satisfaction and income per capita,...

This article presents a critical appraisal of three different econometric techniques commonly employed to analyze causal relationships among economic series. Our results indicate that the empirical application of the Granger causality test, the Engle-Granger cointegration test and the Hausman...

The aim of this article is to point out the importance of education on a sustained economic development strategy, having into account inter-sector relations and the influence of education in the growth of production per head. Three cross-country models are presented. The first model relates the...

A critical review of cointegration is presented in this paper, emphasizing some limitations of this approach to testing causal relations in Econometrics. Very often the usual way of analysing cointegration leads researchers to declare many important causal relations as spurious when they are...

The purpose of this paper is to test the Ricardian Equivalence Hypothesis REH by estimating a SVAR model. In this framework, we separate the co-movements of saving rate and budget deficit rate into two shocks, associated with structural parameters, as if we were looking for ‘‘two needles in...

This article investigates the variations in the incidence of poverty depending on the changes in economic, social, and demographic factors of the Turkish employees. The objective of this study is to examine the relationship between likelihood of poverty and unionization in the Turkish labor...

This paper examines the importance of Research and Development activities as a source of growth in labor productivity in the Canadian economy within last four decades. Time series data are used to develop an econometrics model that captures the interaction between labor productivity and R&D,...

We analyse the impact of industry on non industrial production, as well as its effect on wages and employment in 6 OECD countries: France, Germany, Italy, Spain, the United Kingdom and the United States for the period 1960-2012. Our approach to macro-econometric modelling have into account both...

The many applications of soil survey and GIS based data to agricultural development and agri-environmental research necessitates the development of econometric approaches that allows researchers to combine this fine scale data with larger scale—aggregated—dependent variable choice data while...