This paper proposes a conceptual framework to investigate the impact of military conflicts on business cycles, as well as defense policies through enrolment mechanisms. Our framework is a variation of a Real Business Cycle model first proposed by Hercowitz and Sampson (1991) that admits explicit...

In a non-market environment, there is no pressure coming from competitors that leads firms toward efficiency. Public education system is the target of many critiques as being such an example of inefficiency. Some papers attempted to measure the level of inefficiency of schools or school...

This paper analyzes the definition of economic efficiency. The standard definition used in economic literature is the Pareto Optimum which is based in the space of individual utilities. This paper proposes new definitions based on alternative spaces. The paper also introduces a dominance...

Dans cette note, nous développons un modèle dans lequel l'embauche d'un travailleur sans expérience comporte une caractéristique de bien public en révélant à tous les employeurs le type du travailleur. Dans ce contexte, nous démontrons que l'embauche de travailleurs sans expérience est...

La littérature montre que la mesure des inégalités de revenu n’est pas suffisante pour appréhender les déterminants des inégalités. Les sources de rémunération, leurs corrélations au revenu global, leurs parts dans le revenu global, rentrent en compte dans la décomposition de la...

This paper examines the impact of government debt on interest rates in the United States, Germany, the United Kingdom and Canada, using the sequential causality test procedures suggested by Toda and Phillips (1994) in the Johansen error-correction model (ECM). The general portfolio balance...

Observing the weakness in the previous structural analyses on Environmental Kuznets Curve (EKC) formation, in this paper, author deepens the analysis into the detailed data of production and SO2 emission intensity of the 29 industrial sectors (occupying over 98% of the total industrial...

This paper discusses the validity of the Environmental Kuznets Curve hypothesis for the case of China’s industrial SO2 emission through both reduced and structural model. The estimated Chinaspecific EKC curve for per capital industrial SO2 emission predicts the turning point of 9000 yuan (2750...

An axiomatic approach is used to propose a measure of extreme poverty which is not only multidimensional in nature, but also recognizes the fact that there are interaction effects between different deprivations, and that the length of time during which deprivations are felt may also have a...