We explore differences between two measurement concepts of worker flows widely used in the literature referred to as the turnover and reallocation concepts. We find that measuring worker flows by the turnover concept leads to substantially (about 5 percent of total employment) higher worker flow...

In this study a two sector general equilibrium model with fully integrated labour and goods markets is presented. The two labour markets are segmented and represent two different "labour market regimes". The primary sector is an unionized high wage sector with "good" and rationed jobs, in the...

The ROBINSON and MARSHALL-LERNER conditions are necessary and sufficient for a devaluation to be successful end are therefore the backbone of the elasticities approach to the balance of payments. These conditions are generalized by taking into account some actual features of modern foreign...

Austria is a country with a historically strong intervention of government. Specifically a large part of the manufacturing sector and electricity had been nationalized after world war II, combined with public ownership in telecommunication, transport and banking this created one of the largest...

The integration of European services markets and the associated deregulation measures open up formerly segmented markets to competition from the Single Market. The purpose of this study is to propose a method of measuring the effects of liberalization on technical efficiency, the existence of...

This paper deals with the regularity problem in the Almost Ideal Demand System (AIDS) in terms of the boundedness of the budget shares within the [0,1] interval. The violation of "cointegration accounting" can be seen just as another consequence of irregularity. The discussion of modifications...