This paper shows how the Dutch Disease has affected the Russian economy since the start of the transition in the early 1990s. Four symptoms have been detected, namely: 1) a real exchange rate appreciation, 2) a temporary improved economic situation, 3) an output decline in the...

A conventional argument in the child-labor debate is that improvements in access to schools are an effective way to reduce the labor force participation of children. It is argued that schooling competes with economic activity in the use of children's time, and enhanced access to schools,...

Children have always been part of the economic life of societies. Historical evidence indicates that the contribution of children to family income in cash or in kind has been consistently significant. Currently, the issue of child labor has become an important global development issue in...

Why do some countries establish their own national eco-labeling programs and some do not? In this paper, we provide both theoretical arguments and empirical evidence suggesting that the answer to this question can shed new light on three questions that have taken center-stage in the trade and...

Using a model that admits variable returns and imperfect competition, we investigate the impact on total factor productivity of trade liberalization in six emerging economies. Regressions based on panel data for 28 three-digit manufacturing industries show that productivity growth is insensitive...

The present study aims to investigate the dynamics of primary commodity prices and the role of speculation over time. In particular the relationship between speculation and price volatility on the one side, and the linkage between excessive speculation and price volatility on the other side, is...

The paper has two main objectives. The first is to trace the progress in the process of decentralisation in the provision of public services in India. The second is to test the hypothesis that decentralisation in the system of public service delivery in primary health care and education led to...

We estimate the Dollar exposure of German DAX corporations. Our results are based on a new time-variant, APT-based and panel econometric extension of the exchange-rate exposure model in the tradition of Adler and Dumas (1984) and Jorion (1990). Our stock market data consist of 28 performance...

Die Arbeit untersucht Entscheidungen des Bundeskartellamtes in den Bereichen .Miss-brauchsaufsicht. und .Wettbewerbsbeschränkende Vereinbarungen.. Die hier interessierende Frage ist, inwieweit die Entscheidungen der Kartell- behörde durch Kenntnis des Vorwurfs und einiger beobachtbarer...

The purpose of this article is to evaluate the importance of social class, migration background and command of national languages for the PISA school performance of teenagers living in European countries (France, Finland, Germany, United Kingdom, and Sweden) and traditional countries of...