In this paper we test whether GDP series in 12 European Union countries are integrated or are stationary around a deterministic component that may change gradually and smoothly between two regimes over time. We find that in two-thirds of cases there appears to be a role for modelling with...

In this paper we investigate the effects which economic integration exerts upon the magnitude and character of foreign direct investment (FDI) flows. Drawing upon the existing literature on trade flows we investigate the impact of regional integration agreements (RIAs) on FDI flows and analyse...

This paper presents a simple model of industrial conflict that differs from previous economic models in that it recognizes the distinction between strikes and other forms of industrial conflict. The model is estimated against data relating to Britain's dock industry. The results provide evidence...

The papers contained in this Policy Arena are revised versions of papers originally presented at the University of Innsbruck in Austria on 10th October 1997 at the conference that was convened to celebrate the award to Professor Sir Hans Singer of an honorary doctoral degree of the University in...

Economic liberalization has been a pervasive phenomenon over the last twenty years. Programs have been initiated on the assumption that liberalization promotes economic growth but the empirical evidence for this is limited. This paper takes a novel approach to modeling growth and structural...