The aim of this paper is to improve our understanding of the empirical determinants of firm growth by extending the literature to include new groups of variables, namely sunk costs, financial structure and multinationality as well as by using more appropriate econometric techniques.

Global warming is expected to increase global mean temperature by 1.5 degree to 4.5 degrees sometime between 2030 et 2010, resulting in changes in the patterns of precipitation, a rise in the sea level, increased natural hazards, and other significant impacts. In this paper, I discuss the major...

Whilst their products are substituable for the consumer, there exist technological asymmetries across the unionized sectors of an economy. There are high-tech as well as low-tech sectors. We show, that, due to those asymmetries in productivity, inter-sectoral minimum wage agreements may...

This paper investigates if, and how, aternative bargaining agentas may sustain (or, emerge) endogenously, under conditions of centralized wage bargaining, in industries with market power. The wage & employment bargains agenta ("Efficient Bargains") is shown to be a strategic device to induce...

In this paper we look at the behavior of physical depreciation over the business cycle. We do so within the context of a real business cycle model where the decisions of firms about physical capital utilization, maintenance, improvement and scrapping are endogenous. The model encompasses the...

This paper tests the so called "intensification hypothesis" for EU agriculture based on a panel data over the period 1961-1994. The empirical results indicate the acceptance of this hypothesis for all countries, except Portugal. Nevertheless, on statistical grounds, the intensification...

The paper investigates the possibility of overeducation and the role of the three levels of education of both sexes to the economic growth of Greece in the 1961-91 period. The main findings indicate lack of overeducation, intertemporal increase of the relative contribution of secondary and...

This study analyses the production efficiency gains in terms of technology transfer and labour productivity changes caused by diverse degrees of foreign ownership using a sample of 4056 manufacturing firms operating in Greece in 1997.

The purpose of this paper is to invetigate the demand and its composition between home-produced and imported for alcoholic beverages in Cyprus.

The purpose of this paper is threfold: first, to empirically investigate the cost-structure of railway systems in the ten European Countries of the European Union. second to provide measures of economies (diseconomies) of scale and fully investigate the manner by which economies of scale have...