Following the Gulf War, international discussions took place about multilateral restraints on “destabilising arms transfers”. Given that the UK is one of the leading exporters of arms, any reduction in such exports would affect the UK economy. The UK government spends considerable sums...

Following the Gulf War, international discussions took place about multilateral restraints on “destabilising arms transfers”. Given that the UK is one of the leading exporters of arms, any reduction in such exports would affect the UK economy. The UK government spends considerable sums...

Examines, using a simple model, the choice of appropriate contributions of taxes and fees used to finance higher education. A two-period model is developed in which individuals in cohort invest in higher education in the first period, and the interdependences between educational choice and the...

A general equilibrium model for mainland China's open economy is formulated and used to examine the effect of stabilisation policy on the internal and external balances. An expansionary monetary or fiscal policy in particular through its effect on consumption and labour supply raises aggregate...

Examines the behaviour of UK employment in manufacturing over the period 1964 to 1986. The use of cointegration techniques allows the separation of a long-run equilibrium relationship for employment from its short-run dynamics. The estimated model demonstrates a high degree of parameter...

A systems approach is applied to UK personal sector holdings of unit trusts, UK company securities, public-sector long-term debt and overseas securities. In the long run, asset holdings are determined primarily by hedging considerations but in the short run there is evidence of speculative...

Since the seminal contributions of Chandler and Williamson, a substantial body of research in industrial organization has examined the performance benefits of the organizational innovation of divisionalization. While existing empirical work has, for the most part, utilized a static framework to...

Examines the effects of a monetary expansion on certain key macroeconomic variables, in particular the nominal exchange rate, competitiveness, and domestic output and employment, using a modified version of the Dornbusch (Journal of Political Economy, 1976) model. Dornbusch's original analysis...

Examines the causality issue, in a Granger-temporal causal sense, between price level and productivity in a bivariate and multivariate context in Greece over the period 1962-1997. The empirical analysis employs various time-series techniques such as unit-root testing, bivariate and multivariate...