Indivisible labour is not the only type of nonconvexity affecting labour supply decisions. Another type of nonconvexity arises in economies with sectors whenever individuals can work in only one sector at a time. I introduce this restriction into an open economy model with a tradeable and a...

This is an attempt to study the volatility structure of the tanker freight market and its exposure to market shocks. Therefore, we introduce a two state regime to investigate the possibility of two different volatility structures in shipping tanker freight markets. Empirical evidence is found...

This paper examines the use of location quotients (LQs) in constructing regional input?output tables. Its focus is on the modified FLQ formula proposed by Flegg and Webber (1997). Using data for 20 Finnish regions, ranging in size from very small to very large, we determine appropriate values...

This paper conducts a type of meta-analysis of a sample of commentaries on heterodox economics, also drawing on biological literature and other treatments of classification. The paper contrasts what might be called a ‘classical’ category with a ‘modern’ category and then analyses...

In this paper we investigate the role of workers‘ training history in determining current training incidence. The analysis is conducted on an unbalanced sample comprising information on approximately 5000 employees from the first seven waves of the BHPS. Training participation is modelled as a...

This paper presents an analysis of real wages, inflation and labour productivity interrelationships using cointegration, Granger-causality and, most importantly, structural change tests. Applications of tests to Australian data over the 1965-2007 period corroborate the presence of a structural...

In the fifteen years leading up to the financial crisis in 2008, there emerged a great deal of agreement on the optimal design of monetary policy. This policy ‘consensus’ was accompanied also by a widely-shared view of how macroeconomies worked as the ‘Keynesian’ versus ‘monetarist’...

Latvia enjoys the dubious distinction of having the highest population share of ethnic minorities and foreign-born residents in the European Union. In addition there exists a peculiar Latvian “institution”, a category of resident known as “non-citizen”, originating from the Soviet era...

We use three waves of the British Household Panel Survey to examine whether changes in smoking behaviour are correlated with life satisfaction and whether the recent ban on smoking in public places in England, Wales and Northern Ireland has affected this relationship. We find that smokers who...

This study explores the impact of culture on participative decision making (PDM) and job satisfaction (JS) using data obtained from the European Values Study. We parameterise two different cultural variables using principal components analysis: first a continuum based on survival versus...