The number of foreign workers in Cyprus has been increasing sharply in the last 15 years. This paper investigates the impact of foreign workers on unemployment, labour force participation and part-time employment in Cyprus, using data from the EU Labour Force Surveys for the period 1999-2005....

We examine the impact of the very substantial increase in the employment of foreign workers on production, the growth in output and the wages of domestic workers using time series and cross-sectional data. We find that most recent growth in output can be explained by the increase in foreign...

The road transport sector contributes a significant fraction of government tax revenue in many countries, including Cyprus. Most revenue comes from excise taxes on vehicles and fuel and from road (circulation) tax. There is currently a need to modernize the tax system in order to provide a...

Structural reform programs often emphasize the importance of enhancing product market competition as a means of boosting productivity. Measures to that effect include trade liberalization; removal of entry barriers and market liberalization; privatizations; and an enhanced role for competition...

We empirically investigate the relationship between tourism specialization, development and economic growth. Descriptive cross-country comparisons indicate a link between tourism specialization and level of development. Econometric analysis shows that tourism specialization is associated with...

Several policy tools are being employed or debated as possible ways of curbing carbon emissions in the transportation sector. One such instrument is the taxation of vehicle purchases, often in the form of feebates. We estimate a model of demand for automobiles in Cyprus and simulate scenarios...

There is a widely held belief that retail fuel prices rise very quickly following an increase in international oil prices but fall slowly when oil prices decrease. This study uses data from European Union countries to investigate the response of retail gasoline prices to changes in the world oil...

Tourism has traditionally been a major source of income and a driver of economic growth in Cyprus. Over the last few years however, tourism as an economic activity has entered a slowdown phase and the Cypriot tourist product has undergone a continuous loss of competitiveness, due to both...