This paper calculates Theil's entropy index to measure the extent of productivity differences across 92 countries for the period from 1970 to 2003. While there is evidence of increasing differences in productivity across these countries, we observe different patterns when we group the countries...

Using model selection techniques based on out-of-sample predictive ability criterion in a Vector Autoregression (VAR) framework, this paper empirically examines the causal relations among growth, trade, and wage inequality in Bangladesh between 1971 and 2000. There is some evidence of...

This paper estimates a dynamic common factor model to assess relative importance of the aggregate and the sector-specific factors that determine changes in the prices of individual products. It also examines how aggregate price changes are affected by these factors. Two different specifications...

This study examines the evolution of the United States (U.S.) economy after 1999, extending our previous studies [4, 8] up to 2007. The U.S. economy has moved steadily toward services and information-intensive sectors in terms of Gross National Product (GNP), employment, and wage distribution....

This article derives generalized impulse responses from the estimation of a vector autoregression (VAR) model using monthly data between 1995 and 2005 for Mexico, to examine the inflation-relative price variability (RPV) relationship, and to investigate if remittances could account for the...

Following their EU accession, the new member countries from Central and Eastern Europe (CEE) must achieve sustainable price stability as one of the pre-conditions for joining the Economic and Monetary Union (EMU) and adopting the euro. This article examines the distribution dynamics of inflation...

Following their EU accession, the new member countries from Central and Eastern Europe (CEE) must achieve sustainable price stability as one of the pre-conditions for joining the Economic and Monetary Union (EMU) and adopting the euro. This paper examines the distribution dynamics of inflation...

The High Priority Violation (HPV) Policy represents a way to target enforcement in environmental regulations; serious air pollution violators are targeted with timely and appropriate enforcement, and such enforcement usually means high degree of regulatory scrutiny. Despite the importance of...