Periodically referred to as the cradle of civilization, an adage reflecting its past economic success and growth, the Middle East and North Africa region continues to serve as an international focal point, albeit a disappointing one in light of its economic potential. Therefore, the purpose of...

Indirect psychological effects induced by crime are likely to contribute significantly to the total costs of crime beyond the financial costs of direct victimization. Using detailed crime statistics for the whole of Germany and linking them to individual-level mental health information from the...

In the present paper we undertake to link democracy with a set of indicators for economic freedom and financial crises, using panel data analysis. The sample covers annually the period 2000-2012 for the EU, the USA and Japan. The results point out, that political stability is positively related...

We estimate various panel fiscal reaction functions, including those of main categories of general government revenue and expenditure for 12 Euro area member states over the 1970-2013 period. We find that in the peripheral countries where sovereign bond yields decreased sharply in the years...

For two decades, the questions of what really motivates foreign investors to invest in a certain country remains unanswered and a controversial issue. Moreover, previous studies have overwhelmingly treated FDI as unidimensional rather than multidimensional. In reality, FDI is rather...

En este artículo se construye un índice de goce efectivo de los derechos cuyos resultados indican que, en el proceso de restablecimiento y reparación integral de los hogares desplazados, el cumplimiento de los derechos de estabilización socioeconómica solo llega a un 60% en promedio, cuatro...

This paper models and estimates the impact of quantitative and qualitative training financed by the firm on labour demand in Belgium. It assumes profit maximising firms producing under short run monopolistic competition conditions, where training can increase labour demand through its positive...

This paper examines the exchange rate pass-through (ERPT) into import prices using recent panel data techniques. For a sample of 27 OECD countries, panel cointegration tests provide an evidence for the existence of long-run equilibrium relationship in pass-through equation. Following Pedroni...

This paper deals with the effect of a reduction of weekly working time on employment. Often working time reduction is proposed to stimulate employment. We investigate this hypothesis for West German industrial branches using annual data from 1960 to 1995. The analysis is carried out by the means...

Se estima la elasticidad de las exportaciones y de las importaciones al crédito otorgado por la banca comercial usando información cruzada a nivel de firma en Colombia. Replicando la metodología empírica de Paravisini et. al (2011), se encontró que una reducción del crédito en 10% reduce...