This paper shows a significant and causal positive relationship between good institutions and sustainability. Sustainability is measured by the indicator of adjusted net saving (ANS) and institutional quality by an average of six dimensions of governance. An instrumental variable is used to rule...

In this paper we show that findings of an apparently instable popularity function of U.S. presidents, as reported in the previous literature, are likely the consequence of the common use of linear estimation techniques. Employing Penalized Spline Smoothing in the context of Additive Mixed Models...

The creative sector is frequently regarded as one of the driving forces of total employment growth. Empirical studies suggest that the clustering of human capital might result in the polarization of employment growth. Since the creative sector's definition is motivated from the insights of the...

The Clean Development Mechanism (CDM) so far has failed to mobilize a substantial amount of energy efficiency projects; less than 4% of credits come from this category. This is due to the fact that only few methodologies for setting of baselines and monitoring project emissions have been...

The possible existence of long waves in economic time series has long been an important subject of debate for economists, statisticians and historians. Recent empirical evidence for these long-term fluctuations is found in the literature of structural time series models. One empirical method for...

Local currency bond markets in East Asia and the Pacific have grown impressively since the 1997 Asian crisis, but policy authorities in the region realize they still have some work to do to allow the markets to realise their true potential. Hence, there have been a variety of regional...

The paper analyses the impact of natural resource abundance on selected governance indicators. In contrast to earlier studies that are mainly confined to cross-sectional analysis, we use a panel data set with a large number of countries and an extended period of time. Moreover, we employ an...

In light of the importance of immigrants labour market integration in the host countries, this study examines the employment convergence between foreign-born and native-born in the European Union (EU) based on the EU Labour Force Survey (EU LFS). The evidence points to numerous differences in...

We empirically analyse the impact of trade on income levels in the sub-Saharan African countries. The results indicate that the linkage between these two variables is negative for these countries. This outcome may explain the negative sign of the Africa dummy in income (or growth) regressions.

Increasing inequality in qualification specific employment prospects characterises labour markets in most highly developed countries. Theoretical models suggest that in-plant skill segregation might matter for the polarisation of employment and wages. According to these models production...