In this paper, we seek to examine the effect of comparisons and social capital on subjective well-being. We test if, through social influence and exposure, social capital is either an enhancer or appeaser of the comparison effect. Using the Latinobarómetro Survey (2007) we find that, the...

This paper evaluates to what extent differences between countries in the composition of their population and in structural characteristics can explain country differences with respect to material deprivation. Our study aims to advance research on the structural dimension to the predominantly...

The Comprehensive Peace Agreement (CPA), which was signed by the government of Sudan and the Sudanese People’s Liberation Movement (SPLM) ended more than 20 years of civil war. According to the CPA, the Sudan’s government has 50% of the oil exploited from the wells existing in the south in...

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We estimate a food demand system for Slovakia using a recent household budget survey data for the period 2004-2011. The Quadratic Almost Ideal Demand System (QUAIDS) augmented with demographic, regional and expenditure controls is employed based on preliminary non-parametric Engel curve...

The experience from the recent global financial crisis on 2008/2009 showed that most macroeconomic instabilities came from the financial/banking sector. The condition of the financial system may affect monetary stability, through excessive pro-cyclicality in the financial system. Agung et al...

Environmental policy decisions are dynamic in nature. Assumptions on the functional structure and rate of discounting have significant impacts on policy decisions regarding when to act and how much to invest. Environmental benefit-cost analysis historically has employed exponential discounting...

It is generally acknowledged that the Canadian retirement income system (RIS) has successfully contributed to poverty alleviation among seniors and helped maintain an adequate and relatively stable income replacement rate. However, increased longevity, the trend decline in registered pension...

Te task was to build up a DSGE model that will suite to specificities of the Czech economy. The result is a small open economy structural model that serves for analytical purposes of the Ministry of Finance of the Czech Republic. Namely, for prediction purposes as a support in preparations of...

The research and bank model developed in this paper for the case of Indonesia is motivated by the following: 1. A recent change in banking regulations in Indonesia, like the statutory reserve requirement and full implementation of Basel II in 2011, coupled with a lack of literature to document...