This paper analyses the link between employment and capital accumulation in unionised labour markets by using a dynamic monopoly union model. The role of wage setting is also explored within the above context. The empirical analysis is based on annual data from the manufacturing sector of five...

The aim of this paper is to examine the stability of income elasticities used in Thirlwall's law to approximate a country's long-term growth and to see empirically how non-constancy will affect these predictions. For this purpose, three countries - Canada, New Zealand and the UK - are analysed,...

Lotteries are found in nearly half of the world's countries, with annual worldwide lottery ticket sales topping $115 billion. Despite the global presence of lottery games, there has been little research conducted on any international aspect of lotteries. This paper presents the first-ever...

This paper investigates what lessons may be learned from Europe's convergence process of the 1990s. The paper challenges the conventional focus on labour market institutions and 'structural rigidities' as the root cause behind Europe's poor employment record. Instead, it is argued that macro...

This study analyses the relative impact of profitability and demand on accumulation in Turkish private manufacturing industry on the basis of the theoretical framework outlined by Marglin & Bhaduri (1990). The main motivation behind this analysis is to shed light on the demand aspects of the...

In this paper, the results of an exports led growth strategy accompanied by a trade liberalisation policy, implemented in Mexico, are analysed for three periods 1978-82, 1983-87 and 1988-94. The input-output analysis is utilised, to determine the effects of manufacturing exports on gross output,...

Privatisation has become a common government policy in many countries. This paper summarises the salient features of privatisations by public share float in Australia during the period 1989 to 1997. The costs associated with these privatisations are examined, including both direct costs and the...

This paper investigates the effects of actual and hypothetical changes in league structure on match attendances for English rugby league. An empirical match attendance model is used to generate simulated attendances under various alternative structural regimes.The simulations are used to compare...

This paper shows that increasing real wages steepens or reverses the slope of the labour demand schedule because increasing wages give firms incentives to innovate and to invest in newer and more efficient vintages of capital. Using macroeconomic data for the OECD countries it is shown that the...

The institutional design of the Spanish labour market has been subjected, during the last three decades, to permanent pressure fuelled by two beliefs. On the one hand, by the assumption that a higher degree of flexibility would help to reduce unemployment; on the other, by the assumption that...