Now showing items 1-10 of 11
Long-run PPP under the presence of near-to-unit roots: The case of the British Pound-US dollar rate
Empirical tests typically provide evidence that the British pound-US dollar exchange rate and the relative wholesale price index contain exact unit roots and exhibit cointegration. However, the cointegrating vector is ...
Comparing the true cost of living indices of demographically different households
The comparison of true cost of living indices between demographically different households (relative equivalence scale) is argued to be sensitive to the way demographic characteristics enter demand analysis. In particular, ...
On estimating the cost of characteristics indices from consumer demand analysis
We examine the information content of relative equivalence scales using a multiperiod framework and argue that in the absence of Independence of Base (IB) these scales can be uniquely identified from demand analysis only ...
Age effects on consumer demand: An additive partially linear regression model
An additive partially linear regression model is used to estimate non-parametrically the effects of total expenditure and age in the context of Engel curves and to investigate the specification and welfare interpretation ...
Estimates of the black economy based on consumer demand approaches
We propose a consumer demand system approach to estimating the size of the black economy where alternative hypotheses affecting the empirical results can be tested in a nested framework. This approach allows for the ...
European economics: an analysis based on publications in the core journals
In this paper we provide a ranking of European economics institutions and countries based on publications in a core set of 10 economic journals from 1991 to 1996. We find that the three leading universities in Europe are ...
Policy influences on unemployment: The European experience
This paper considers the implications of four kinds of labour market policies for the 1980s rise in European unemployment: unemployment compensation, active labour market policies, employment protection legislation and ...
Demographic versus expenditure flexibility in Engel curves
We consider the effects of demographic and expenditure variables on consumer demand in a system of Engel curves using a smooth coefficient semiparametric model where the expenditure effects on the budget shares vary ...
Research spillovers among European and North-American economics departments
In this paper, we investigate the determinants of research output by European economics departments. We use data from a survey we conducted on the various characteristics of these departments. We pay particular attention ...
Ευρωπαϊκή οικονομική ολοκλήρωση και κυπριακή οικονομία
(Τμήμα Οικονομικών και Κέντρο Οικονομικών Ερευνών, 2007)