In this paper we develop a long run macroeconomic model for Austria to simulate the effects of aging on employment, output growth, and the solvency of the social security system. By disaggregating the population into six age cohorts and modelling sex specific participation rates for each cohort,...

This article explores how the recent changes in Cuba, specifically reforming the foreign investing laws (Law No. 118), are likely to affect the future of international franchising in Cuba. Special attention is given to legal reforms, economic impacts, growth of entrepreneurs, and the likelihood...

In 1998, the Russian Federation experienced one of the most severe emerging market crises of the 1997–2001 period. It occurred less than six months after the attainment of single-digit inflation, which was supposed to launch the economy onto a sustainable growth path. This note sets out why...