In this paper we derive an alternative measure for structural unemployment using a stochastic frontier analysis. This measure, by empirical design, is always less than total unemployment and it is, thus, more consistent with the theoretical description of structural unemployment than its usual...

This paper investigates the evolution of interprovincial wage inequality and the causes behind its increase over the last two decades. We focus more specifically on the impact of export-led-market reforms on wages disparities within and between five firm types in China. When measured with the...

The European sovereign-debt crisis began in Greece when the government announced in December, 2009, that its debt reached 121% of GDP (or 300 billion euros) and its 2009 budget deficit was 12.7% of GDP, four times the level allowed by the Maastricht Treaty. The Greek crisis soon spread to other...

In this paper we derive an alternative measure for structural unemployment using a stochastic frontier analysis. This measure, by empirical design, is always less than total unemployment and it is, thus, more consistent with the theoretical description of structural unemployment than its usual...

This paper seeks evidence of the relationship between US households' consumption and imports, notably imports from China. Using MSA-level data from the consumer expenditure survey from 1986 to 2007, we find that in general imports, and especially those from China, are positively related with...

The European sovereign-debt crisis began in Greece when the government announced in December 2009 that its debt reached 121% of GDP (or 300 billion euros) and its 2009 budget deficit was 12.7% of GDP - four times the level allowed by the Maastricht Treaty. The Greek crisis soon spread to other...