A main focus of this paper is our analysis of the vote function using the vote share of government parties as the proxy variable for government popularity. Utilising <link rid="b41">Pedroni's (1999</link>) panel cointegrated test and the fully modified OLS (FMOLS) technique, we empirically examine the long-run...

Can extending social welfare expenditures promote economic growth? This issue has been discussed extensively, with some research pointing to net benefits while others find a net negative impact. Insight can be gained by careful analysis of several sub-questions. For example, for two countries...

The paper applies the recently developed panel LM unit root tests with heterogeneous structural breaks by Im et al., [The Oxford Bulletin of Economics and Statistics, 2005] in order to re-examine the validity of mean reversion in the inflation rates of 19 OECD countries for the time period...