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Long-run PPP under the presence of near-to-unit roots: The case of the British Pound-US dollar rate
(2009)
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 ...
Employment Outcomes in the Welfare State
(2008)
We examine the implications of tax and subsidy policies for employment in the "three worlds of welfare", Anglo-Saxon, Continental European and Scandinavian. We argue that home production is key to a proper evaluation of ...
International migration, income taxes and transfers: A welfare analysis
(2003)
An important issue in public policy debates is the effect of international migration on welfare in source and host countries. We address this issue by constructing a general equilibrium model of a two-class source or host ...
Comparing the true cost of living indices of demographically different households
(2004)
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
(2003)
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
(2002)
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 ...
Nesting quadratic logarithmic demand systems
(2002)
We propose a new generalised rank-3 demand system which nests all known (and new) rank-3 and rank-2 demand systems derived from the Quadratic Logarithmic (QL) cost function. We investigate its statistical adequacy against ...