After South Africa`s democratic elections in 1994, large capital inflows were induced by the cessation of trade and financial sanctions, improved creditworthiness and a liberalised capital account for foreigners. The flows were managed in a classic trade-off between currency stability, and...

Educational expansion followed by economic decline in Kenya has been associated with a decline in the social return to secondary education, conventionally calculated, from 20% in 1978 to 6% in 1995. Wage benefits from primary school have fallen but returns remain unchanged because of...

Many trade liberalisations and other economic reforms in developing countries, particularly in Africa, have been reversed. In addition to the loss of benefits from reform as such this tendency has led to concern that the response to reform, particularly from investment, may be weakened by the...

The 1998 Competition Act represents a major change in the content and practice of competition policy in the United Kingdom, bringing it into line with European policy as practised under Articles 85 and 86. The paper presents an economic evaluation of the new provisions, and of the draft...

This paper discusses how a consistent treatment of asset markets may be integrated into standard trade-focussed CGE models. Starting from a core specification of the real economy, calibrated to data for Zambia in the mid-1990s, the paper examines the properties of a hierarchy of models which...

An I(2) analysis of Australian inflation and the markup is undertaken within an imperfect competition model. It is found that the levels of prices and costs are best characterised as integrated of order 2 and that the levels cointegrate to the markup which is integrated of order 1. A further...

If all goes according to plan, by the end of 1998 a new building will stand at the end of Manor Road, to house an Economics Centre which will include all economists in established University posts, externally funded researchers, and all Economics administration. There will be an Economics...

In this paper we pose the question: to what extent is education responsible for the differential labour market outcomes of women and men in urban India. In particular, we investigate the extent to which education contributes to women's observed lower labour force participation and earnings than...

There has been a surge in the number of employed people looking for another job in Britain in the last twenty years. In this paper we present the first time series analysis of on-the-job search. Vacancies are a significant explanatory variable in equation but unemployment is not. We interpret...

The paper analyses the effects of the 1990 Brazilian trade liberalization on the total factor productivity, market share and profits of a sample of 349 large manufacturing firms. A panel data production function analysis.