In this paper, we examine the role of the business cycle in divorce. To do so, we use a panel of 30 European countries covering the period from 1991 to 2010. We find a negative effect of the unemployment rate on the divorce rate, pointing to a pro-cyclical evolution of the divorce rate, even...

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...

The findings of the existing literature on the relationship between employment protection legislation and the unemployment rate are mixed. This study analyzes the relationship between employment protection legislation measured by the OECD Employment Protection Index and the unemployment rate...

Generally, Shariah (Islamic) indices are considered to have lower portfolio betas relative to conventional ones. The lower portfolio beta of Islamic indexes is a logical result of Shariah screening. As Shariah screening eliminates stocks with high financial leverage, the resulting portfolio beta...

The relation of the Greek employment policy to the European one, as it was formulated within EES and the Lisbon strategy, was a particular one. The Greek employment policy fully adopted the form, the structure and the discourse of the EES but it was only marginally influenced by the “way of...

Citizens of Southern Europe have been presented by the German media and politicians as lazy and work aversive. First, it is checked whether and to what extent those characterizations do reflect reality, and then, in view of the Greek economic crisis, it is shown that crises and not laziness...

In the literature, there has been an acquiescence that the greater the dependence on oil and mineral resources, the worse the growth performance of an economy. With time series data of Oil Revenue (proxy for petroleum industry), Non-oil Revenue, Investment and GDP per capital from 1970-2012, the...

The article discusses the incompatibility of promoting individual interests of capitalists and workers with the promotion of macroeconomic goals of society. The article implements the ``instrumental method'' developed by Adolph Lowe, and articulates the separation of microeconomic goals with...

This paper examined the role of export in the economic growth process in Nigeria. Time series data ranging from 1970 to 2009 was used and the study employs unit root testing, co-integration analysis and VAR Granger Causality/Exogeneity Wald Tests to analyze annual time series data from Nigeria....

The liquidity problems that appeared on the interbank money markets during the financial crisis caused an increased volatility of the interbank interest rates, especially after September 2008. Banking institutions from the Euro zone have avoided the mutual funding, which resulted in a reduction...