This study offers an in-depth analysis of labour productivity of manufacturing sector in Turkey and provides a comparison with EU27 and EA19 countries utilizing Eurostat time series data of 63 quarters covering 2005/first quarter-2020/third quarter time interval. Productivity trends are...

Macroeconomic convergence is critical for member states to achieve the level of harmonization required for establishing a stable and resilient monetary union. The East African Community (EAC) member states, therefore, established set targets for macroeconomic convergence, intending to eliminate...

The paper estimates i) the degree of currency undervaluation and its relationship with per capita income (convergence), as informed by the Harrod-Balassa-Samuelson (HBS) framework. ii) The role of the real effective exchange rate, both its level and its stability over time, for underpinning...

Im Januar 2015 verkündete die Schweizerische Nationalbank, dass die feste Bindung des Franken an den Euro aufgehoben sei und die Währung fortan frei schwanken solle. Dies brachte den Franken unter starken Aufwertungsdruck, wie er für Währungen von Ländern mit persistenten...

This research paper attempts to estimate the bilateral trade of Pakistan with SAARC countries using a gravity model of trade. This panel study covers the period from 2003 to 2016. The empirical results are obtained through pooled OLS, fixed-effects, and random-effects estimators. On the basis of...

For the case of Switzerland, this paper endeavours to estimate the empirical extend with which exchange rates are "passed-through" onto import prices. For data covering the 1999 to 2010 period, the results suggest that (i) on aggregate, the exchange rate pass-through is highly incomplete with an...

This article investigates the effects of the different exchange rate regimes on business cycles comovement between advanced and emerging countries. We use the Granger Causality test (VAR model) on panel data to examine the causal relationships. Our findings show the existence of a bidirectional...

Sustainable development has been now for more than 15 years, at the center of the objectives of the EU, being already enshrined in the Amsterdam Treaty of 1997. The basic concern of this now ubiquitous term is to assure the current generation’s demands will be fulfilled without endangering the...

The aim of the article is to determine the influence of the conception of sustainable development on entrepreneurs' behaviors and the process of managing a company. Analysis based on desk research method and survey research. The results shows the meaning of social responsibility in business...

Preserving environmental and natural resources is one of the most important challenges for ensuring the sustainability of well-being over time. One can notice that measuring of environmental indicators related to environmentally responsible behaviour is complicated and demanding task. It is also...