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This paper examines Wagner hypothesis of the growth of public expenditure alongside the growth of economic activity for a panel of 28 European economies during the 1995-2018 period. The hypothesis is verified using Pesaran (2007) panel unit root and Westerlund (2007) cointegration tests that...
Persistent link: https://www.econbiz.de/10014310932
Despite the abundant literature on convergence across the Spanish regions, most of the empirical research has used cross-section regressions or data panel techniques with fixed effects, resulting in biased estimates. In addition, many of these studies do not explicitly account for the effect of...
Persistent link: https://www.econbiz.de/10014186712
This paper offers an in-depth examination of the behavior of necessity- and opportunitydriven entrepreneurship. First, it considers their relevance to total entrepreneurial activity. It then seeks to determine which socio-cultural and economic factors affect the two types of entrepreneurship, as...
Persistent link: https://www.econbiz.de/10012197512
The goal of this study is to find the model that best describes the trends in labor demand using international industry level longitudinal data. Our starting point is Kézdi et al. (2006), who uses a fixed-effect model to project labor demand. We take their model and compare it with several...
Persistent link: https://www.econbiz.de/10008939104
To account for employment evolutions at the macro-economic level, we propose a modelling where employment is explained by added value, working time and real labour cost. Estimations using quarterly French macro-economic data are carried out in a multivariate framework for three sets of sectors....
Persistent link: https://www.econbiz.de/10013319764
The paper combines Baumol's model of structural change with a model of aggregate demand growth in the Keynesian-Kaleckian tradition to predict the dynamics of aggregate employment. The model for the demand regime is estimated with - and Baumol's model for the productivity regime is calibrated on...
Persistent link: https://www.econbiz.de/10010197410
and setting up accountable institutions are key to ensure equal opportunity and inclusive growth …
Persistent link: https://www.econbiz.de/10013072326
Despite the generally swift economic growth in the Arab Gulf countries, they still face a national problem with the unemployment of nationals. Given the relatively large inflow of foreign labor across these countries, it is essential to study the association between foreign labor and economic...
Persistent link: https://www.econbiz.de/10014506365
Concerns about socially uneven progress and inequality have regained public attention (including that of many populist politicians). The purpose of this paper is to identify the economic policies as well as economic factors that facilitate inclusive development. This paper is a first attempt to...
Persistent link: https://www.econbiz.de/10012626181
This study aims to determine whether big business or institutions comprise a more significant entrepreneurship … effective for these two different entrepreneurship types. To this end, we compare the effects of big businesses and institutions …, big businesses and institutions while controlling for the demand- and supply-side factors that influence entrepreneurship …
Persistent link: https://www.econbiz.de/10014506792