Using multivariate cointegration analysis, this paper investigates the long run and short-run relationships between the agriculture, industry and service sectors for Barbados over the past five decades. Sectoral real output is analysed in two sub-periods: 1946 to 1969 and the years 1970-2003....

The purpose of this paper is to test the Ricardian Equivalence Hypothesis REH by estimating a SVAR model. In this framework, we separate the co-movements of saving rate and budget deficit rate into two shocks, associated with structural parameters, as if we were looking for ‘‘two needles in...

This article investigates the variations in the incidence of poverty depending on the changes in economic, social, and demographic factors of the Turkish employees. The objective of this study is to examine the relationship between likelihood of poverty and unionization in the Turkish labor...

This paper examines the importance of Research and Development activities as a source of growth in labor productivity in the Canadian economy within last four decades. Time series data are used to develop an econometrics model that captures the interaction between labor productivity and R&D,...

The aim of this article is to point out the importance of education on a sustained economic development strategy, having into account inter-sector relations and the influence of education in the growth of production per head. Three cross-country models are presented. The first model relates the...

A critical review of cointegration is presented in this paper, emphasizing some limitations of this approach to testing causal relations in Econometrics. Very often the usual way of analysing cointegration leads researchers to declare many important causal relations as spurious when they are...

We analyse the evolution of Private Consumption on Health, having into account that there are substitution effects between public and private expenditure in OECD countries. From the analysis of the evolution of these variables our main conclusion is that the increase of expenditure on Health,...

We present some econometric models of agrarian and non agrarian employment in OECD countries, and analyse the evolution of employment in European Union and the USA and other areas in the period 1960-2000. Data show that wages are lower in EU than in the USA and in spite of that rates of...

The aim of this paper is to analyse the evolution of manufacturing in 11 OECD countries, during the period 1975-92, from two viewpoints: supply and demand. With this purpose we estimate, with a pool of data, two econometric models for explaining industrial production from the above mentioned...

The reform process in India has gradually integrated the Indian financial markets with the rest of the world, and as a corollary, interest rates in India have been responding to movements in other financial markets. This article employs monthly short-term interest rate data over the 1992-2002...