This paper provides fresh evidence on the validity of twin deficit and the Feldstein-Horioka hypotheses for Turkey during the period of 1987-2004 using bounds testing approach to cointegration. In order to explain the main determinants of the current account deficits in the long-run, the fiscal...

Children may receive monetary transfers from their parents to realize the dream of homeownership. This raises the question of whether transfers received decrease if governments also provide a homeownership-related subsidy. The purpose of this paper is to empirically examine this question, using...

The paper provides an investigation of medium-sized Italian industrial enterprises that have become multinational companies. It concetrates on the set of medium and medium-large enterprises who seem to grow more in foreign markets, either through exports or through foreign direct investment. The...

This paper presents evidence of a positive but very small long run relationship between income growth and happiness, evidence that can disprove the Easterlin Paradox. However, the paper argues that there is actually reason to sustain the paradox because it finds the magnitude of the estimated...

In the present essay, by utilizing game theory we present a model of choice by actors to explain how change comes about. Then by using ancient and modern sources of literature, we analyse the theory of the social contract as a historical phenomenon that first appeared during the classical period...

This work describes a Computable General Equilibrium (CGE) model for Planning and Analysis of Agricultural Policies (PAPA) in the Brazilian economy. The PAPA model is a Computable model of the Johansen type and the solutions of the model are given in growth rates. This model is based on the...

Multidimensional poverty and inequality of opportunity are closely interconnected concepts. Equality of opportunity levels the playing field so that circumstances such as gender, ethnicity, geographical location or family background, which are beyond the control of a child, do not influence his...

This paper presents a short review of the effects of transition to a market economy on the pattern of male and female employment in Bulgaria during the period 1990-2009. It outlines that the gender differences in labour distribution among economic sectors, branches and activities has been...

We consider information aggregation in national and local elections when voters are mobile and might sort themselves into local districts. Using a standard model of private information for voters in elections in combination with a New Economic Geography model, agglomeration occurs for economic...

This paper estimates the GDP gap in Venezuela by means of the structural VAR methodology and the Blanchard and Quah decomposition for the period 1999:1-2010:4. We use quarterly data for the inflation rate, real GDP, unemployment rate, and oil prices. We identify fiscal and monetary innovations...