This chapter develops a simple neo-Kaleckian open economy framework to analyse the short-term limits of real exchange rate targeting in a country facing foreign exchange constraint. For this purpose, it evaluates different policies and shocks, namely progressive wage policies, public consumption...

In this chapter, we examine the persistence of comparative public sector efficiency, across OECD countries, since 1900. We estimate public sector efficiency using data on public expenditure and proxies of performance in education and health that allow for consistent measurement across countries...

Autonomous Vehicles (AVs) promise great benefits, including improving safety, reducing congestion, and providing mobility for elderly and the disabled; however, there are discussions on how they should be programmed to respond in an ethical dilemma where a choice has to be made between two or more...

World has started to observe important level of global warming fostered by the industrial growth which resulted in the increase in CO 2 emissions and in the environmental pollution (e.g. water and air) affecting total factor productivity growth. Energy is vital for all industries and their...

Financial distress is a condition that an entity faces when it is experiencing financial problems that question its ability to continue as a going concern. Models that develop early warning signals of financial distress are of great interest to nonprofit donors, grantors, creditors, regulators,...

This chapter deals with a particular skill repeatedly stated by employers as being important for the future - creativity. Based on survey data it starts with the assertion that higher education seems to have a problem in the eyes of employers in producing graduates who can think creatively....