In the present paper it will be shown empirically that globalisation does not affect long term unemployment. Panel data cover for the period (1999-2009) the following countries: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Japan, Netherlands, Norway, Portugal,...

In the present paper it will be pointed out with a panel data econometric model that government debt puts banking sector at stake since the volume of not performing loans goes up. The estimation of the model is made feasible through the Eviews software package. The present paper is based on...

In the present paper it will be pointed out econometrically that entrepreneurial calibre improves Balassa index. The contribution of this paper is that a new method to estimate entrepreneurial calibre will be introduced. Data are annual and cover most Western European countries and the USA for...

The contribution of the present paper is twofold. First, it will be pointed out that government debt has a positive effect on interest rates. Second, it will be shown that interest rates have a negative impact on entrepreneurship. In short, it will be concluded that government deficit (through...

In the present paper an attempt will be made to show that in the banking sector wage rigidity increases as consumer inflation decreases. The immediate consequence is that banks cannot offer more competitive prices without shrinking profits. Hence, countries with strict labour laws hinder baking...