CGE models are a widely used and accepted technique for policy evaluation and impact analysis. The modeling technique is especially useful in the analysis of trade reforms, tax reforms, energy sector reform and development policy analysis. However, the results of such models are often argued to...

The money demand function has been regarded as a fundamental building block in macroeconomic modelling, as it represents the link between the monetary policy and rest of the economy. The extensive literature on money demand function is concerned with the existence of a stable money demand...

Analyzing the dynamics of structural change of an industry is a fundamental but challenging issue in economics. Accordingly, many attempts have been made to rationalize entry and exit decisions of firms, which, in total, appear as structural change of a sector. Among the most often hypothesized...

The present paper quantifies the importance of family structures for the analysis of social security. For this reason we introduce home production as well as stable and unstable families into the standard stochastic overlapping generation model and simulate with each model version a move from...

Most technologies used nowadays are complex in the sense that the production processes (and products themselves) consist of a large number of components which might interact with each other in complementary ways. Based on this insight, the current paper assumes that the total productivity of any...

The methodology of the regional models from the first papers published in the 60-ties has significantly progressed from the basic macroeconomic models through the models of growth and production to the regional microanalysis and spatial econometrics. On the other hand, practical application...

This paper discusses the interplay between exports and innovation and both their effects on economic performance. The European Union makes major efforts to improve the innovation performance of its companies with the aim to improve the global competitive position of the Union and create jobs and...

This study aims to analyse Turkish economy for the 2000-2012 term with emphasis on labor market hysteresis within the framework of New Keynesian Phillips Curve (NKPC). In this study employment and unemployment series are tested for stationarity and relevant statistical analysis is realized....

The aim of this paper is, first, to investigate the factors associated to performance in Mexican water utilities by analyzing the correlation structure of the most important indicators of a sample of 106 water utilities. Second, to classify these utilities according to these factors to identify...

Climate policy arrangements of partial regional coverage, as they seem to emerge from the UNFCCC process, might lead to carbon leakage and hence a broad literature has developed to quantify global leakage rates. While most of these analyses, are confined to consider combustion emissions only,...