Universal primary education ranges prominently among the Millennium Development Goals and is thus regarded as an important component of human development. In addition, education is widely believed to allow a country to access a higher steady state growth path by accumulating human capital....

With this paper we present a preliminary version of the first and the third quadrants of the input-output matrix for Alentejo, a Portuguese region through the regionalization of the input-output national table, for the year 2008. As it is well known the input-output (IO) model is particularly...

This paper models the Hawaii’s economy in a CGE framework in order to analyze the economic impacts of energy (electricity) efficiency. Looking at energy flows in Hawaii’s economy, this paper traces the greenhouse gas (GHG) footprint of industry activities by linking a monetary computable...

Combating climate change and other environmental problems are among the main challenges of the current century. As a consequence, researchers as well as policymakers are discussing worldwide how regulative interventions should be designed to cope with these tasks. From an economic perspective,...

This study presents a model that delivers more accurate forecasts of the revised rather initial estimates of the quarterly GDP growth rate in Switzerland during the period of the recent financial crisis. The key explanation to our findings is that our model, capitalizing on the information...

When dealing with credit booms driven by capital inflows, monetary authorities in emerging markets are often reluctant to raise interest rates, as they fear that an increase attracts even more capital and appreciates the currency. A number of countries therefore use reserve requirements as an...

This paper evaluates to what extent differences between countries in the composition of their population and in structural characteristics can explain country differences with respect to material deprivation. Our study aims to advance research on the structural dimension to the predominantly...

The purpose of this paper is to understand the effects of the elasticity of intertemporal substitution (EIS), the percentage change in intertemporal consumption in response to a given percentage change in the intertemporal price, and risk aversion on savings separately and determine which...

The rapid development of developing countries, particularly in Asia, and the establishment of trade agreements, make these markets more attractive to western firms, all the more as growth is stagnating in their own countries. But several strategies are possible: • Simply profit from the...

The overall impact of sea-level rise (SLR) is one of the reasons of concern related to climate change (e.g. Smith et al., 2009). SLR can reach one metre by the end of the century, which might translate into large economic damages (World Bank, 2009). Sea level rise could severely affect...