In this study we measure multiple dimensions of product market competition and examine their impacts on corporate governance disclosure, based on a sample of UK public firms over the period 2001 to 2009. We use factor analysis to explore the different dimensions of product market competition;...

This paper analyses the implications of macroeconomic policy interactions for financial stability, proxied by financial assets prices (equity and bonds). The empirical analysis applies a Vector Autoregressive (VAR) model and our findings suggest that an accommodating monetary, and disciplined...

This paper presents a chronological, adaptive and reflective investigation into students' perceptions of and motivations for choosing to study economics. Applications of multiple quantitative and qualitative techniques to student-level primary survey and focus group data reveal the following....

The purpose of this paper is to study the time-varying conditional correlation across 12 MENA stock markets over the period July 2005 to January 2013, while taking into account the impact of two downturn periods. Methodologically, we use a multivariate framework which allows for both return...

This paper provides an econometric assessment of the deterrence model, with a specific focus on violent crime in England and Wales. It finds that beliefs about the probability of arrest are substantially lower than official arrests rates, but when adjusting for non-reporting by victims, the...

While the link among wage, BMI, height and schooling has often been estimated based on US data, this study investigates this relationship using panel data for a developing country - Ethiopia. Controlling for endogeneity of schooling and BMI, our findings indicate that wage is significantly...

It is well-known that income inequality has risen sharply in the US and in other developed countries of late. One obvious economic solution to high and rising inequality, government redistribution, raises philosophical questions regarding ethics or fairness. In Anarchy, State and Utopia, Robert...

This paper investigates surplus-value rates and work time patterns among fulltime workers in five European Union economies - France, Germany, Italy, Spain and the UK - using macroeconomic EUROSTAT data and individual-level data extracted from the 2009 Labour Force Survey. This is considered in...

The ongoing Global Financial Crisis (GFC) has posed a growing challenge to the implementation of monetary stimulus measures in both sovereign (e.g. US, UK, Japan) and non-sovereign (eurozone) economies. With the policy rate close to the zero nominal bound, the UK has relied on quantitative...

Interest rate has been the monetary policy tool used by the modern central banks. For monetary policy to be effective, changes in the policy rate should influence the short-term money market rate and retail rates. Using an error correction methodology, this paper examines the short-run and...