The objective of the study is to inquest the nature and direction of causality among public sector size, economic growth and macroeconomic state of the economy.

This paper presents a two-party dynamic model of optimal fiscal policy which integrates stabilizing electroral and partisan motives.

A common problem in empirical studies dealing with the identification of the poor is that their results tend to be sensitive to the selection of particular concepts of resources, equivalence scales and poverty lines. This article aims to examine the robustness of the results of poverty analysis...

The paper examines the structure of inequality in Greece using the micro-data of a Household Budget Survey carried out in 1987/88.

The paper presents a theoretical background for the analysis of the relationship between fertility and a number of socio-economic factors associated with the process of economic development and analyses empirically this relationship within a cross-country framework.

We use Greek data during 1960-1994 to test and estimate a model in which wage inflation, price inflation and unemployment depend on the exchange rate regime, the identity of the political party in power and whether an election is expected to take place.

In this paper we employ a choice experiment (conducted in Ukraine and Turkey) on the valuation of a marine restoration programme in the Black Sea, to examine whether the value of environmental goods is sensitive to the source of public financing. We contribute to the debate on the optimal...

This book does not only aim to present and analyze the Cyprus experience in water resources management, using both local and world experts in the field. It also opts to communicate this experience to other countries that can inform, develop and improve their water resources policies by...

In this chapter a �watershed economics approach� that could be applied in Cyprus is proposed which is composed of two important stages. In Stage I economic valuation techniques are used to establish the economic value of the competing demands...

Statistical models are usually thought of as means for describing statistical regularities. Concerning stock returns, many empirical regularities have been documented in the literature together with their corresponding models. The main task of this paper is to investigate, under the prism of the...