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Beyond competing theories of the hidden economy: Some lessons from Moscow

Williams, Colin C.; Round, John - In: Journal of Economic Studies 38 (2011) May, pp. 171-185

Purpose – This paper aims to evaluate critically the validity of rival theorisations of the hidden economy that variously read this sphere as a leftover from a previous era, a by-product of a new emergent form of capitalism, a complement to formal employment or an alternative to the formal...

Persistent link: https://www.econbiz.de/10010610882

The Choice of Income Tax Progression

Creedy, John - In: Journal of Economic Studies 17 (1990) 6, pp. 5-13

This article examines income tax progression as a mechanism for achieving the intertemporal adjustments of earnings profiles. With a rising income profile, the preference for progression arises from the market (borrowing) rate of interest exceeding the rate at which the government borrows. For a...

Persistent link: https://www.econbiz.de/10010814559

Do Self-fulfilling Expectations of Currency Devaluation Improve the Balance of Payments?

Lai, Ching-chong; Chang, Wen-ya - In: Journal of Economic Studies 19 (1992) September, pp. 48-57

Analyses how the status of balance of payments follows se\ill\ fulfilling expectations of currency devaluation. It is found that before a currency devaluation, whether the economy w\ill\ experience a balance-of-payments surplus or deficit crucial depends on the degree of capital mobility.

Persistent link: https://www.econbiz.de/10008459537

Cheap Food and Resource Allocation in Central America

Reinert, Kenneth A. - In: Journal of Economic Studies 18 (1991) May, pp. 4-21

During the 1950-1979 period, the governments of Central America often pursued “cheap-food” policies. A general-equilibrium model is employed to show how these policies contributed to the resource-allocation patterns observed in the region during this period. The model also shows how...

Persistent link: https://www.econbiz.de/10008459544

A Monetary Model of the Parallel Market for Foreign Exchange

Agénor, Pierre-Richard - In: Journal of Economic Studies 18 (1991) September, pp. 4-18

Develops and tests a monetary model of the parallel market for foreign exchange which incorporates forward-looking expectations and currency substitution features. Econometric results using quarterly data for a group of 12 developing countries show that changes in official exchange rates and...

Persistent link: https://www.econbiz.de/10008459561

An Economic Analysis of a Cross-market Subsidy Scheme for Morocco's Food Grain Sector

Azzam, Azzeddine M.; Britel, Amal - In: Journal of Economic Studies 19 (1992) October, pp. 55-72

To contribute to the economic understanding of alternative food-grain policy options for Morocco, examines the fiscal implications of instituting, in addition to the current soft wheat subsidy, a consumer and producer subsidy in the related markets of hard wheat and barley. Subsidizing the two...

Persistent link: https://www.econbiz.de/10008459563

Industry Characteristics and Scale Economies as Sources of Intra-industry Trade

Farrell, Michael J. - In: Journal of Economic Studies 18 (1991) September, pp. 36-58

1982 US intra-industry trade (IIT) for 308 four-digit manufacturing products is related to industry characteristics in a cross-section regression study of the sources of two-way trade. Results indicate the empirical relevance of models which present IIT as the result of international external...

Persistent link: https://www.econbiz.de/10008459573

Cointegration: An Introduction to the Literature

Perman, Roger - In: Journal of Economic Studies 18 (1991) September, pp. 3-30

An overview of the cointegration approach to econometric specification and estimation is provided. A non-technical approach is adopted, and is intended to serve as an entry into this important new literature for the reader with no background knowledge of the subject but with some limited...

Persistent link: https://www.econbiz.de/10008459576

Distributional Conflict, the Current Account, and Fiscal-monetary Policies under Flexible Exchange Rates

Sarantis, Nicholas - In: Journal of Economic Studies 18 (1991) January, pp. 4-17

The aim is to integrate the dynamics of asset accumulation for open economies with the conflict theory of wage and price formation. This synthesis allows us to assess the results obtained in the mainstream asset market models based on an atomistic view of the economy, analyse the influence of...

Persistent link: https://www.econbiz.de/10008459577

A reexamination of welfare states from an institutional perspective

Sasaki, Norio - In: Journal of Economic Studies 33 (2006) September, pp. 189-205

Japan's case, and to give a literary examination of that kind of thoughts in modern economics and theory of public finance …. Design/methodology/approach – Compares neo-institutional economics and fiscal sociology about the role of a government, using … recent fiscal data of developed countries. Findings – For neo-institutional economics it is difficult to explain “welfare …

Persistent link: https://www.econbiz.de/10004990875

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