This paper examines the evidence for seasonal effects and cointegration between fisheries prices of main species landed into Cornwall. This is the first comprehensive study of fisheries seasonality. The results show significant monthly effects in April and negative monthly effects in February....

This paper examines the possible macroeconomic consequences of changes in trend of productivity growth for European countries. Overall the results suggest that a rise in trend factor productivity will lead to higher levels of production and real income, however employment adjustment will depend...

Se analiza la evolucion del valor añadido real y de la productividad del trabajo de los sectores industriales de bienes de consumo, bienes intermedios y bienes de equipo en 10 paises de la Union Europea, durante las ultimas decadas del siglo veinte. Se comentan las discrepancias existentes...

This paper aims to determine and analyse the typology and intensity of the economic growth through an approach to the structure of the allometric models, previously developed by biologists. It could be important for political decision-takers to know the type of growth since it allows the...

Este documento analiza la relación cambiante entre el ciclo económico y un conjunto de variables clave del sector externo de México mediante la aplicación de la metodología sugerida por Kydland y Prescott (1990) para muestras de cinco años que se desplazan en el tiempo durante el periodo...

La aprobacion del Protocolo de Kyoto en diciembre de 1997 supuso la adopcion de compromisos obligatorios de reduccion de emisiones de gases de efecto invernadero por parte de los paises desarrollados y economias en transicion. En dicho Protocolo la UE en su conjunto se compromete a reducir sus...

In this paper we review the literature on finance-growth nexus and investigate the causality between financial development and economic growth in Turkey for the period 1975-2004. The empirical investigation is carried out in a vector autoregression (VAR) framework based on the theory of...

This paper analyses subjective economic well-being in several Eastern European countries from 1991 to 1995. Economic well-being explains a significant part of the variation in overall life satisfaction of Eastern Europeans. In an ordered logit model, the determinants of subjective economic...

An attempt to quantify possible negative effects of external crises in emerging market economies is made in this paper. The direct and indirect effects of the external crises, here sudden stops in capital flows and currency crises, are estimated and compounded into composite overall effects. In...

This paper analyses the long-run effects of Estonia’s 2000 Income Tax Act with a dynamic general equilibrium model. Specifically, we consider the impact of the shift from an imputation system to one where companies only pay taxes on distributed profits. Balanced growth paths, transitional...