Among the new concepts developed for high speed marine vehicles over the lasttwo decades, the "aerodynamic alleviation" approach consists inusing an aerodynamic surface to "alleviate" the weight sustained bythe hydrodynamic lift. Such vehicle experiences aerodynamic and hydrodynamicforces of the...

This paper investigates the process of adjustment in employment. A dynamic model is applied to a panel of six Tunisian manufacturing industries observed over the period 1971?96. The adjustment process is industry and time specific. The adjustment parameter is specified in terms of factors...

Housing prices and household borrowing are expected to be tightly connected to each other. Better availability of credit eases liquidity constraints of households, which is likely to lead to higher demand for housing. On the other hand, housing prices may significantly influence household...

WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs ceilings, i.e. tariff rates that no exporter may ever actually be confronted with, generate market access? The answer to this question relates to the effects of tariff bindings on...

This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...