Age-specific death rates for males and females are compared for a sample of mid- Victorian registration districts. Excess female mortality is defined relative to the normal relationship between male and female mortality observed in the data, and then modelled as the outcome of economic,...

This paper constructs a two-country overlapping generations model with two distinct fiat monies in which seigniorage revenues are used to finance a local public good. Countries differ both in endowments and in the preference for the public good. Under perfect mobility of financial assets,...

This paper investigates the simulation of common policy reforms across different countries. Changes to the equivalence scales of social assistance systems in favour of pensioners and children in Germany, Ireland and the UK were modelled. Unlike a number of previous studies of this kind (e.g....

This paper considers the small sample properties of the mean group estimator of the long-run coefficients in dynamic heterogeneous panels, and using Monte Carlo techniques examines the effectiveness of a number of alternative bias-correction procedures in reducing the small sample bias of these...

This paper constructs nominal and real multilateral effective exchange rates for Britain, France, Germany and the US during the period of the classical Gold Standard, 1879- 1913. The new data indicate that the major industrial countries saw trend variations in their nominal effective rates,...

This paper reviews some of the main trends in the Iranian economy over the past two decades and discusses the key economic policy issues that divide the reformist from the more conservative factions in Iran. It argues that the economic policy dilemma of whether or not to liberalise the economy...

This paper considers the problem of cross-sectional aggregation when the underlying micro behavioural relations are characterised by general non-linear specifications. It focuses on forecasting the aggregates, and shows how an optimal aggregate model can be derived by minimising the mean squared...

This study is concerned with estimating the mean of the coefficients in a dynamic panel data model when the coefficients are assumed to be randomly distributed across cross- sectional units. The authors suggest a Bayes approach to the estimation of such models using Markov chain Monte Carlo...

High rates of firm births and deaths are a pervasive phenomenon across industries and territories. Most studies have related the great turbulence at the fringe of practically all manufacturing industries to positive effects on the long run performance of industries. Our contribution analyses the...