There is an urgent need to re-investigate the functional relationship between globalisation, unemployment, income inequality and poverty in Pakistan. Unemployment accelerates the level of income inequality and poverty within a given society. In spite of the beautiful slogans associated with it,...

The European Journal of Comparative Economics, an online refereed journal for scientific articles publishing theoretical and empirical research in any field of comparative economic studies, is promiting the issue 2 2004 freely downloadable at the website http://eaces.liuc.it/ New submission for...

We focus on new insights of scale invariance and scaling properties usefully applied in the framework of a statistical approach to study the empirical finance. Two stock returns of Sri Lankan stock market indices All Share Price Index and Milanka Price Index index were considered. Central parts...

This paper examines macroeconomic interdependency of the Mediterranean countries and the transmission of shocks. Using a non standard VAR model, we were able to jointly model the direct and indirect transmission mechanisms of economic fragilities and to evaluate contagion effects of shocks by...

We focus on new insights of scale invariance and scaling properties usefully applied in the framework of a statistical approach to study the empirical finance. Two stock returns of Sri Lankan stock market indices All Share Price Index and Milanka Price Index index were considered. Central parts...

The European Journal of Comparative Economics, an online refereed journal for scientific articles publishing theoretical and empirical research in any field of comparative economic studies, is promiting the issue 2 2004 freely downloadable at the website http://eaces.liuc.it/ New submission for...

This study presumes merger waves as a periodical wave phenomenon and fits a continuous function with five parameters to the annual time series data of US mergers over a 116 year period. The function describes the annual number of mergers as the sum of an exponential trend term with a doubling...

Buiter (1981) illustrates that in the OLG model, the ranking of stationary utility levels under autarky and openness, is ambiguous. We show that both countries increase their stationary utility levels only if the autarky capital-labor ratios are on opposite sides of the golden rule.

During recent years, large trade- and budget deficits have accumulated especially in advanced economies. This study examines if this coincidence actually reflects a causal relation. Economic theory and previously documented findings on causality between trade and government balances are...

This paper shows that there is the weak “Globally” Ricardian rules that sustains the sustainability of the government debt in the sense that it binds intertemporal government budget constraint. And we compare our result with the former paper about testing the government debt sustainability....