There is vast literature examining how households’ income and consumption changes over the life cycle. These studies, however, are usually restricted to developed economies, such as the US, Japan or the UK. The general objective of this paper is to add to this literature by investigating life...

There exists a wealth of literature dealing with the analysis of business cycles, dating their turning points, measuring their synchronisation and identifying potential sources behind cyclical asymmetries, but most work concentrates on the countrywide level. The analysis of business cycle...

The relationship between national income and government spending is one of the most debated topics between economists and policy makers during the last decades. The objective of this paper is to examine the Wagner’s law validity, and if it can be applied in the U.K. public spending expansion...

After around one year from the natural disaster that affected Japan on March 2011, large uncertainty still exists in the quantification of the global economic impacts. The largest parts of studies mainly accounts for the physical damage excluding the cascading effects generated on world...

We consider the issue of income distribution modeling in the context of poverty analysis based on computable general equilibriummicro-simulationmodels. Speciffically, we study the situation where a poverty index of the FGT class is used to measure the impact of a given policy on the level of...

In recognition of the important role of information and communication technology (ICT) in transforming developing countries into modern knowledge societies in the 21st century, the government of Egypt has developed both medium and long-term sector specific plans. The rapid spreading out of ICT...

Russia is not only one of the world’s major sources of carbon based energy – coal, oil and gas - but is also one the most intensive users of energy. Furthermore, Russia accounts for a disproportionately large share of global carbon emissions – some 5 to 6 percent of global carbon emission...

The distorting effects of oil price shocks on oil rich economies are also significant depending on the level of their vulnerability to external shocks. The paper assesses the impact of these shocks on macroeconomic variablesStructural VAR AnalysisThe results show that oil prices have...

It is widely believed that the countries of Africa trade relatively little with the outside world, and among themselves, despite an extensive network of regional trade agreements. We examine this proposition by focusing on agricultural trade. Specifically, we ask whether non-tariff barriers...