The undertaken paper attempts to gain further insight into a string of factors thought to condition unemployment. By exposing the theoretical arguments of the Keynesian Neoclassical and radical/Marxian approaches we empirically estimate a hybrid unemployment equation, the generated evidence of...

This paper identifies a host of key factors that influence the development of the banking sector as well as enhances our understanding of benchmarking modelling as a means of stimulating economic growth. A novel benchmarking method is utilized that assesses the level of banking sector depth in a...

This study revisits the existing relationship between income inequality and population health by subjecting it to a battery of empirical testing using different measures of inequality and health outcomes for 33 high-income OECD countries. Apart from the impact of macroeconomic covariates we also...

By adopting wavelet coherence analysis, we follow Frankel’s (1986) commodity price overshooting model to study the dynamic covariation between the expected real interest rates and six agricultural commodities’ real returns over the period from 2000:1 to 2018:7. We find that US unconventional...

By focusing on the relationship between fiscal policy and the trade account this study will attempt to provide an insight into the empirical merits of the relationship between government expenditures and imports. To this aim an ARDL cointegration approach has been applied for the first time to a...

This paper investigates the effects of bank-specific and macroeconomic determinants of bank profitability, using an empirical framework that incorporates the traditional Structure-ConductPerformance (SCP) hypothesis. A panel data approach has been adopted and effectively applied to six Greek...

In this paper we report on a composite index of international patent systems strength for 48 developing and industrialized countries annually from 1998 to 2011. Building upon earlier indices we develop a conceptual framework informed by transaction cost theory and derive measures which emphasize...

Purpose – The purpose of this paper is to explore the alleged link between institutional quality and economic performance in 27 Sub-Saharan Africa (SSA) countries during the period 1984-2003. Design/methodology/approach – Four institutions' quality indicators, namely government stability,...

In this paper we provide a brief discourse on the theory of optimum currency areas to serve as a basis for constructive criticism of the conceptual framework of the eurozone. With particular reference to the Greek economic crisis, we argue that the very architecture of the EU experiment...