0040-0912

We examine the generating process for default risk premia in short-term and long-term debt sectors of the U.S. economy over the recent period of January 1977 through December 1996. Using weekly aggregates reported by the Federal Reserve, this research finds that all univariate series examined...

This paper examines factors that influence the propensity of a firm to take up external business support using random effects nominal probit regression analysis to capture sector heterogeneity. The results suggest a strong positive association between the orientation of the firm towards growth...

Policy makers have introduced a number of measures to encourage older workers to stay in the labour market, with improving access to training a particular priority. Policy action appeared justified by evidence that older workers are less likely to participate in training, and more likely to have...

In 1999 Geddes and Newman highlighted five key tensions in New Labour's adoption of the ‘new centrist’ approach to Local Economic Development (LED). This article reflects on the continuing relevance of these tensions in relation local labour markets and in the light of the...