The effect of socioeconomic status on the likelihood that an individual enters a period of poor health is examined using an Accelerated Failure Time methodology. This study employs data from the European Community Household Panel for the years 1994-2002 across 13 European countries, using the...

Student retention has risen high on the political agenda in the UK as part of the government's priorities to widen participation in higher education, in particular among groups traditionally under-represented in the sector. These concerns have been reflected in policies of the funding bodies in...

The present paper addresses two questions. First, how does exchange rate overshooting affect hysteresis in trade and competitiveness? Second, how does 'short-termism' alter the magnitude of such hysteresis effects? The paper models the dynamic processes of hysteresis in trade and competitiveness...

Competitive labour market analysis proposes that an individual's human capital endowment is the main mechanism for pay determination. This study develops a model to highlight hysteresis effects on either investment in physical capital for firms or investment in human capital for workers on wage...

This paper analyses the dynamics of economic growth when the government deficit is money financed. Our model specifies capital formation as resulting from internally generated non-traded investment expenditure. The central innovation of this paper is the specification of the long run equilibrium...

This paper integrates trade and macro theory to provide a two-country, multi-product framework, including debt servicing and profit repatriation in the current account, and foreign money, financial assets and shares in the capital account. We investigate the effects of minimum wage legislation...

This paper develops an open economy intertemporal optimising model that seeks to analyse the effect of bill financed government expenditure on several key financial markets. The main results suggest that an increase in bill financed government expenditure leads to a rise in net international...

Foreign direct investment is often regarded by countries with balance of payments problems as a potential source of salvation. The consequences of a rise in foreign direct investment are analysed within a two-country, four-product, six-asset small macro model and is shown to have two distinct...