The European Union's common policies for market integration have also had an impact on the health care sectors. A panel of EU member states' data reveals that their health care expenditures exhibit β-convergence.

A sample of 153 films from the UK top 15 chart is examined to test the hypothesis of increasing returns to information. The results are consistent with those presented by De Vany and Walls, suggesting that increasing returns to information is a general feature of the film market.

A significant union presence in Las Vegas's hotel-casino industry juxtaposed to the near absence of union representation in Reno provides a unique setting to assess the impact of unions on the incidence poverty-level wages among workers in a highprofile, expanding service sector industry....

This paper analyses the relationship between size and growth for a group of Italian newborn firms in the instruments industry. The main finding is that Gibrat's Law of Proportionate Effect exhibits a behaviour dependent on the firm's life cycle. In particular, even if in the years immediately...

Differential inverse systems are used in this paper to investigate the structure of wholesale level demand for fish grades in Greece. Model selection tests suggest that the inverse CBS performs better that the competing differential systems. Homo-theticity and separability tests indicate that...

Welfare gains of optimal cyclical fiscal policies as computed from previous dynamic general equilibrium models seem to be small and generally do not exceed 1% of total consumption if preferences are described by a standard isoelastic utility function. It is demonstrated that the assumption of...

Individuals chose between two 'salary increase' options: (1) an increase of $500 for themselves and $500 for a colleague; or (2) an increase of $600 for themselves and $800 for a colleague. The gender of the colleague was manipulated, hence permitting the investigation of four possible gender...

In the 1970s and 1980s the USA and European economies experienced unemployment rates that persistently drifted upwards. The present paper captures this phenomenon by a simple extension of the hysteresis approach to the natural rate hypothesis of unemployment using a ratchet model. The impact of...

The relationship between real income and real exports is examined for the Spanish economy in the last century (1901-1999) using annual data. The significant changes of the Spanish economy during this period have made of the analysis a mixed one. The export-led growth hypothesis is supported...

Nine continuous time models applied to metal prices are applied, following a recent study of these models on Eurocurrency interest rate data by Nowman (1998). In particular models for copper, gold, nickel, silver and tin are estimated and it is found that the volatility of prices is highly...