I examine the effects of education on health in Indonesia using an exogenous variation in education induced by an extension of Indonesia's school term length in 1978-1979, a natural experiment that fits a regression discontinuity design. I find the longer school year increases educational...

Following Max Weber, many theories have hypothesized that Protestantism should have favored economic development. With its religious heterogeneity, the Holy Roman Empire presents an ideal testing ground for this hypothesis. Using population figures of 272 cities in the years 1300–1900, I find...

We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal care provided to their parents and education expenditures for their children. The young enjoy their education, while the old may leave a bequest to their children. Within each...

Economic growth and unemployment exhibit an ambiguous relationship – according to empirical studies. This ambiguity can be investigated by observing the role of the underground economy in shaping the productivity of firms. Indeed, unemployment may be absorbed by underground firms, which adopt...

This paper explores the non-linear relationship between financial development and economic growth. It mainly relies on the Panel Smooth Transition Regression (PSTR) model of Gonzalés et al. (2005) and three metrics of financial development to endogenously assess the impact of financial...

This paper aims at analyzing the determinants of services trade flows between Vietnam and European Union. In this respect, a gravity model has been estimated with panel data and pooled, random and fixed effect estimation covering the period of ten years from 2002 to 2011 for total services...

In this book the author analyses three very important aspects of transition: human resources, foreign investments and financial sector. At the beginning there is an analysis of investments in human resources. It starts by definition and types of human resources, and continues with definition of...

The aim of this paper is to empirically examine the relationship between Oil revenues, government spending and GDP growth in the kingdom of Bahrain. Oil revenues are the main source of financing government expenditures and imports of products. Increasing oil prices in the recent years have...

This paper develops a SAM database encompassing 6,002 representative Vietnamese households, mapping one-to-one with 16 aggregate households. The database is used to calibrate two Computable General Equilibrium (CGE) models with respectively 16 aggregate and 6,002 disaggregate households....

Using household survey data for Albania, this study compare decision-making about human capital investment in remittance-receiving households and non-remittance-receiving households. The Cox proportional hazard model is used to capture the effects of remittances. The crucial assumption in the...