In this paper, an econometric model of consumption in Bulgaria for the period 1997-2005 is constructed. The Error-Correction Model (ECM) approach is employed and long-run relationship between household consumption and income was found. The primary purpose of this empirical paper is to get a...

This paper examines the determinants and sustainability of international reserves accumulation in Nigeria. An assessment of the short- and long-run relationship between international reserves and its driving factors between 1970 and 2010 is carried out with a view of determining its...

Transportation is one of the most important sectors of Atlantic Canada’s economy. In a sense it is a backbone of the regional economy since it provides means for moving people and freight throughout the region and eventually stimulates regional economic growth and development through national...

Statistically more than 50% of all mergers do not achieve synergies. In majority of cases the reason is the failure in post-merger integration (PMI). This paper develops further how the Sun Cube framework can be used in capturing synergies during PMI. The SUN Cube is a new stakeholder management...

Empirical estimation of default probability through structural approach in the context of macroeconomic dynamics turn out be an emerging idea. However, various aspects of these studies are still needs to be explored to make these models more reliable. This study explored the structural model of...

This paper considers how the different varieties of capitalism affect the rate of long-term unemployment. The liberal market variety, where employment protection is the lowest, presents lower rates of long-term unemployment than the continental European, or the Mediterranean varieties. In the...

Skills are the key elements contributing to the prosperity of nations and to better lives for individuals. That is why countries have invested heavily in skills over past decades. For workers, skills mean employability and social mobility. For society, skills represent a major component of its...

The appropriate creation and size of local jurisdictions are important for achieving efficiency gains in local government goods and services provision. In general, the size of local government units should effi ciently combine scale and congestion effects in order to minimise local authority...

The changed macroeconomic conditions brought about by the global financial and economic crisis are posing an increasing challenge to economic policymakers to achieve the objectives of the planned consolidation. The fiscal situation in Slovenia, as in other EU Member States, remains tight; the...

Performance evaluation of the stock market has been in investors’ focus for many decades. There exist a lot of models, methods and theories that try to provide answers to investors’ questions about securities, portfolio and risk management, etc. When making decisions on these topics,...