This article examines the impact of the level and volatility of the real exchange rate on UK foreign direct investment (FDI) inflows from the seven major countries of origin of the investment over the period 1975-2001. We use both fixed effects and dynamic generalized methods of moments (GMM)...

This article tests for stochastic convergence in UK regional house prices using the recently developed pairwise approach. This approach allows for unit root tests to be conducted on all <italic>N</italic>(<italic>N − </italic>1)/2 possible pairs of house price differentials across <italic>N</italic> regions in the UK, thus avoiding the...

The aim of this paper is to analyse the structural changes in the UK brewing industry, resulting from the Monopolies and Mergers Commission's (MMC) Beer Orders, 1989. Our discussion is supported by an empirical analysis of the effects of these recommendations on the demand for beer in the UK....