national income is only weakly associated with increases in measured levels of well-being. It will be important for Bhutan to …-being and macroeconomic concepts such as real national income …

This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade … leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate … of the economy. Using a dynamic panel data model, the hypotheses of no long-run effects of trade on income and on income …

While unemployment rates in Europe declined after the global financial crisis until 2018/19, the incidence of long …

.S. regions and across Europe using a multivariate vector autoregression technique. The paper finds inflexible real wages in all … force to employment shocks is much greater in the United States compared to Europe. The strong labor force response in the … United States prevents any persistence in relative regional unemployment rates whereas the lack of mobility in Europe results …

We undertake an extended discussion of the latest developments about the existing and new estimation methods of the … Multiple Causes (MIMIC) in a structured hybrid-model based estimation procedure, are promising approaches from an econometric …

Sustainable Development. The study estimates the effects of public social spending on gross national income (GNI) per capita (in …