It has become conventional wisdom that market concentration in the UK has fallen over recent history. However, the typical assumption has been that all imports are competitive so that any increase in import penetration implies a decline in market concentration. In a world of transnationally...

This study tests for the integration of money velocity movements among the major European Union countries. For this purpose, a new test is employed that allows one to confirm or reject integration on the basis of whether or not the first largest principal component, based on deviations of...

A non-parametric time series testing is suggested to analyse the convergence of international output per-capita gaps. Non-parametric tests are based on signs and ranks of time series properties of output differences. The methods are applied to logs of USA percapita income differences for 16 OECD...

This paper assesses the relative contributions of the different systems of pay determination in the private sector and the public sector toward the changing level of wage inequality and the gender pay ratio in the UK. The greater centralisation of pay arrangements in the public sector compared...

This paper aims to measure and compare some key relationships relative to the technological systems of eight OECD countries along three temporal spans (early 1980s, middle 1980s, early 1990s). For each technological system, a matrix of intersectoral innovation flows is constructed and network...

In this paper we consider environmental damage evaluation using two types of econometric models to analyse tree damage due to acid deposits, using cross-country data for several European countries. First, we use a set of univariate Poisson models and second, a multinomial probit model with the...

Following the 1993 Railways Act, British Rail's passenger business was spilt into 25 train operating units, which have been privatised by a process of franchising. This paper will review the franchising experience to date. First, the results of 38 in-depth interviews with potential bidders for...

This paper investigates price inflation expectations and wage determination in the ERM member countries with the aim of assessing the importance of the ERM effect and distributional conflict. We have found strong evidence of an ERM effect in the inflationary process of participating countries,...

This paper develops a theoretical framework to analyse intra-industry gaps in technology, and tests it with enterprise-level data from a developing country. Following neoclassical theory, the existence of inter-firm technological gaps is explained by factor market segmentation that determines...