well spent. Is there an objective way to assess the quality of a nation's world-leading science? I attempt to suggest a … method, and illustrate it with modern data on economics. Of 450 genuinely world-leading journal articles, the UK produced 10 …

We examine theoretically demand in a two-good economy where the demand of one good is influenced by either a spillover … similar choices as others. A positive spillover effect increases the demand for the good with interactions, and a conformity … implication is that spillover in consumption increases the associated derived demand for labor and conformity in consumption makes …

dramatically when there are social interactions present. Spillover effects increase labor supply and conformity effects make labor … supply perfectly inelastic at a reference group average. The demand for a good may also be influenced by either a spillover … effect or a conformity effect. Positive spillover increases the demand for the good with interactions, and a conformity …

What is the relationship between economic growth and its volatility? Does political instability affect growth directly … or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual … legislative changes) has an indirect (through volatility) negative impact. We also find preliminary support for the idea that …

achieve similar volatility than fully deregulated labor markets. Flexibility at the margin produces a gap in separation costs … de labor market volatility. This increased volatility is partially reverted when limitations in the duration and number … explain the similar volatility observed in many regulated OECD labor markets with flexibility at the margin vis-à-vis the …

combining data from multiple surveys, we create an integrated measure of volatility in available household resources, accounting …

of market sector spillovers from intangible investment and from public R&D. We find (a) no evidence of spillover effects …