This paper computes Divisia price and volume indices from quarterly data of New Zealand exchange rates and exports to explore the relationship between New Zealand’s domestic inflation and the changes in its exchange rates over the period 1983 – 93. This is a period when the New Zealand...

This study empirically explores the growth effects of rent seeking activity (RSA) for a group of 52 developing/transitional countries, using a dynamic panel data approach. The modeling framework is a Mankiw–Romer–Weil (MRW) conditional convergence model with path dependence and augmented by...

We investigate whether government budget deficits and real interest rates have a long-run relationship with the current account of the balance of payments in 23 OECD countries. Such an investigation is of interest since large and persistent budget deficits may impose strains on the foreign...

This paper uses multivariate time series methods to investigate convergence of Chinese real GDP per capita at regional and provincial levels over the period 1952 – 2001. We reject convergence across regions. However, we find evidence of common trends among the provincial real incomes within...

The recent enlargement of the European Union [EU] has enhanced interest in the causes and consequences of migration between Central and Eastern European [CEE] and Western European countries. This paper considers immigration from CEE countries into the UK and the consequences for these countries'...

Logit models are non-linear in their explanatory variables. Derivatives with respect to the explanatory variables therefore only approximate the response to discrete changes in regressor values, yet have gained some support within the literature. This note investigates such an approximation...

In many countries, firms are encouraged to export as a means of contributing to economic growth. The successes of small and medium-sized enterprises (SMEs) in industrialized countries has led to the increasing recognition of their role in transition economies - including exports development. The...

We investigate the question of whether or not government budget deficits and real interest rates have a long-run relationship with the current account of the balance of payments in 23 Organization for Economic cooperation and Development (OECD) countries. Such an investigation is important,...

The recent enlargement of the European Union (EU) has enhanced interest in the causes and also the consequences of migration between Central and Eastern European (CEE) and Western European countries. This paper considers the possibility that some of these consequences make themselves felt in the...