An extremely robust finding in Marxian empirical economics is the 'Shaikh result' that estimates of labour values are closely correlated with prices. This result is established using input-output data together with a standard procedure in which variations in money wages are assumed to reflect...

Please Effects, first noted in the 1950s, refer to more vigorous tax efforts having an adverse effect on overall savings in LDCs. It is argued here that, by the 1980s, the reforms imposed by conditionality combined with a less forgiving world economy should have led to significant improvements...

The principal objective of this paper is to study the effects of Mexico's recent economic reforms on employment and labour productivity. The author argues that the globalization and modernization entailed by the reforms tended to accentuate the structural heterogeneity and the differentials in...

The paper analyses students' expectations of earnings with and without higher education at three career points: at entry to the labour force, at the five year point, and career peak, constructing paths of expected earnings. The estimated expected internal rates of return to investment in...

This paper uses data from the second 'Community Innovation Survey', from the 'New Cronos' database, to analyse a range of determinants and outcomes of innovation in Europe, across 13 countries and a range of industries. Regression and cluster analysis are used to test for the significance of the...

Addressing the question of why productivity growth rates differ between countries from a disequilibrium standpoint, the paper explores the possibility of combining in a single formalisation two different but complementary theories of technical change and macroeconomic growth--namely the...

This paper attempts to estimate the real effects of transnational activity upon both investment and labour demand, within each of the five industries that comprise Japan's domestic machinery sector. The study uses a standard model of investment and labour demand, which is augmented to include...

The European Monetary Union has been in operation since 1 January 1999. The paper offers an interim assessment of the operations of the European Central Bank (ECB) during this period. It describes how the ECB defined its monetary strategy and carried out its policy. The evaluation offered in the...