This paper uses a matched employee-workplace data set with origins in the 1998 Workplace and Employee Relations Survey (WERS'98) to identify the determinants of two probabilities: that an individual receives training and that an individual receives a specified amount of training. A binomial...

Extending Irving Fisher's intertemporal budget constraint, applying the GARCH model, and based on the equilibrium in aggregate demand and aggregate supply, it is found that a weak US dollar helps real output and that low deposit rates reduce interest income, consumption spending and aggregate...

As the EU enlarges to 25 members, the UK continues to stagnate on further integration, particularly euro membership. Against this background, senior Eurosceptics have mooted NAFTA accession as a possible alternative, whilst a literature search reveals only one corresponding quantitative impact...

Environmental cost-benefit analysis compares an assessment the benefit of the abatement or containment of a particular form of environmental damage with the cost of the measures needed to attain that abatement or containment. It is in that context, as with other applications of cost-benefit...

A number of papers have identified the possibility that less precise monetary control or, alternatively, increased uncertainty with regards to the effects of monetary policy on the economy may enhance social welfare. The present paper introduces monetary uncertainty into a model of monetary...

We estimate Probit and truncated regression models that incorporate the key theoretical explanations of firm-level export activity for a panel of UK firms over the period 1988 to 2001. Results support the resource-based, human capital and technological innovation explanations of firm-level...

Using a sample of 2.3 million observations on applicants to UK Higher Education institutions from 1996-2001, the paper explores whether the selection process into Higher Education is discriminatory. The answer is no discrimination, even though women are better qualified and are less likely to be...

Models of strategic investment behaviour show that an incumbent firm by making pre-emptive capital investments may restrict the entrant's size and increase its market share, or deter entry and limit the number of firms in the industry. The existing empirical literature on testing strategic...

AIDS is perceived to represent an unprecedented medical, political and economic challenge to African and world leaders. This paper examines the economics of pricing and supplying drugs and vaccines in the context of AIDS and HIV. It addresses the time consistency and other economic issues...

Earlier studies that investigated the impact of devaluation on domestic production relied upon the aggregate demand analysis. They argued that by making a country?s exports cheaper and imports expensive, devaluation is said to stimulate the aggregate demand and thus, domestic production. In this...