Abstract This short article underlines the efficiency considerations reflected by a Laffer curve. In a static context in which inflation is assumed away, the Laffer curve describes what would the response of tax revenue to tax rate change be under increasing inflation if there were allocative...

Given that home country factors play a major role in the internationalization of emerging market firms, there is an ever-growing debate on how they influence the intensity of outward foreign direct investment (OFDI) from these regions. This study investigates how home country factors affect the...

Applying the Bayesian approach, a small open economy DSGE model was estimated using a sample of quarterly data for a macro-region formed by six Central Europe and Baltic economies: Czech Republic, Estonia, Hungary, Lithuania, Poland, and Slovakia. Estimates have been employed to investigate the...

The Philippines demonstrated significant economic growth - and is still gaining momentum - in recent years. This was after being tagged as the 'sick man of Asia' for showing slow growth while its Asian neighbors flourished. To sustain the current growth momentum and make it inclusive,...

This dissertation, titled “Flexibility in European Wage Structure and itsimplications for the European Unemployment,” studies the problem of high rates ofunemployment in Europe during the last few decades through the optic of European wagebehavior. It examines the European wage structure –...