Greece's aim to improve its overall Education system and to make it more competitive necessitated the development of the Operational Programme (OP) 'Education'. This programme forms a part of the Third Community Support Framework's 24 OP within the period of 2000-2006. The overall financial...

Greece's aim to improve its overall Education system and to make it more competitive necessitated the development of the Operational Programme (OP) 'Education'. This programme forms a part of the Third Community Support Framework's 24 OP within the period of 2000-2006. The overall financial...

This paper investigates two problems which a practitioner of Johansen's cointegration analysis faces: the pre-testing problem and the inconsistency problem. Johansen's cointegration analysis requires hypothesis testing at four stages, and thus Type I errors accumulate. In addition, it often...

No tourist segment is at present marked by such a massive expansion of offers like the ones of spa tourism. Today, only in Germany more than 350 medicinal baths and spas try to position themselves on the market highly demanded “self‐payers” (see Deutscher Heilbäderverband 2002, p....

In the recent past, more and more economists have raised the question whether theoretical assumptions made in applied economics correspond to reality. This paper estimates a consumption function for nondurable consumer goods and services which best utilizes the information contained in the data....