This study uses a sample of 34 disinflations undertaken by thirteen Latin American and Caribbean (LAC) nations to test if political institutions impact the cost of policy induced disinflations. We find, after controlling for several of the most important covariates in the literature, that...

This paper's field evidence is: (1) in reality a major exchange rate change devastates an economy, i.e. the widespread academic faith that exchange rate changes are either beneficial or harmless is a false faith that contributes to needless world-wide economic havoc; (2) the 1982-85 exchange rate...

Zipf's law states that the population size of a city is inversely proportional to its population rank of the city. This paper examines the applicability of the Zipf's law to the world rank of corruption. The relationship between corruption and its rank is found to be approximately log-linear but...

In this study we investigated the determinants of the propensity of Swiss firms to train apprentices. Innovation, firm age and competition conditions on the product market are determining factors that were especially emphasized in this investigation. We found that the skill composition of the...

This paper analyses the validity of the weak-form market efficiency, using the random-walk hypothesis for the six industrial base metals - copper, aluminium, zinc, nickel, tin and lead - traded at the London Metal Exchange. I analyse the behaviour of daily and weekly prices of the daily rolling...

This paper shows that an increase in corporate/labor/income tax rates may push an economy with tax evasion into an expansionary pattern, under increasing returns to scale. These effects would be reversed when the steady state is saddle-path stable. This model does not undertake a full...

The gravity model has been extensively used in international trade research for the last 40 years because of its considerable empirical robustness and explanatory power. Since their introduction in the 1960's, gravity models have been used for assessing trade policy implications and,...

Zipf's law states that the population size of a city is inversely proportional to its population rank of the city. This paper examines the applicability of the Zipf's law to the world rank of corruption. The relationship between corruption and its rank is found to be approximately log-linear but...

In this study we investigated the determinants of the propensity of Swiss firms to train apprentices. Innovation, firm age and competition conditions on the product market are determining factors that were especially emphasized in this investigation. We found that the skill composition of the...

This paper analyses the validity of the weak-form market efficiency, using the random-walk hypothesis for the six industrial base metals - copper, aluminium, zinc, nickel, tin and lead - traded at the London Metal Exchange. I analyse the behaviour of daily and weekly prices of the daily rolling...