The objective of the paper is to analyse whether the use of Inflation Targeting (IT) has had an impact on the process of convergence of inflation rates between Latin American countries and the United States. The analysis is made using non-habitual convergence tests. Some implications arise from...

This article responds to a call for more studies of public enterprises with a case study of a public healthcare enterprise, the Queen Elizabeth Hospital (QEH), in Greenwich, England. The QEH was the first hospital to be placed "in administration" since the NHS was founded in 1948. The QEH is a...

This paper aims at comparing the effects of financial liberalization on emerging stock markets' volatility at normal times to the ones in periods of financial crises. To this purpose, a treatment effects model for 13 emerging economies is estimated over January 1986 to December 2008. Three types...

Public enterprises may be unaware of their performance in providing services. In situations where citizens cannot switch to other providers or reduce the use of the service, the evaluation of users' satisfaction becomes a very important topic. At the same time, this is a tricky task, given the...

The question of whether or not public investment and financial aid should be massively concentrated in a specified central city associated with a rising suburb has provoked a great deal of public controversy. The purpose here is to analyze the interaction between a central city and the...

Literature on the informal economy can mainly be divided into two different contrasting theories. According to the dual labor market theory (DLM), which considers the informal economy as a spare sector providing jobs for formally unemployed resources, unpleasant economic situations force people...

Policy makers often need to determine which key projects should be prioritised for national infrastructure investment. In this light, this research uses the evaluating indicators for infrastructure as found in the World Competitiveness Yearbook and proposes a leading and lagging fuzzy score...

This paper uses a computable general equilibrium model applied to social accounting matrix database to assess the macroeconomic and distributional impacts of trade with and without exchange rate (EXR) liberalisation in a small, developing and transition economy of Nepal. We implement trade...

Public enterprises are policy instruments that are "rediscovered". In parallel, a separate scientific literature exists on entrepreneurship in the public sector but has not focused on public enterprises. This article suggests that a new perspective linking both streams of research could lead to...

Employing the Autoregressive Distributed Lag (ARDL)-Bounds testing approach, and using GDP - excluding the contributions from oil and gas, as well as the financial services sector - as the growth indicator between 1969 and 2008, the paper establishes a long-run relationship between economic...