This paper revisits the Institutions and growth models. Econometric techniques have been applied on cross-country data, just to confirm the apriori knowledge that Institutions effect on growth is positive and highly statistically significant. This evidence was confirmed by all four models. OLS...

In this paper the issue of causality between wages and prices in UK has been tested. OLS relationship between prices and wages is positive; productivity is not significant in determination of prices or wages too. These variables from these statistics we can see that are stationary at 1 lag, i.e....

In this paper IS-LM model, has been introduced as time series model. Standard VAR, VECM test have been applied. Three variables that we estimated were: logarithm of real GDP (q), 3 month interbank interest rate (i), real monetary base (m). VECM mechanism shows that if the system is in...

Cobb-Douglas production function is a basic function in growth models. The modeling in this paper showed that VAR is stable; KPSS test showed that output, capital and labor are not trend stationary. Johansen’s co-integration test showed that a requirement for Fischer/Cobb-Douglass paradox to...

In this paper was investigated the relationship between GDP per capita growth and Log of energy production, energy consumption per capita, the log of productivity in energy sector and population. Data covered sample for 220 countries and world regions, years covered from 1980 to 2002. The...

There are a lot of studies that test Ballasa-Samuelson hypothesis also known as Harrod Balassa-Samuelson effect directly via the effect of productivity, one possible explanation is that PER Capita GDP is not good explanation for productivity (.i.e. Labor productivity) differences; an increase...

This paper revisits the D-S (Dixit-Stiglitz) model. It's a simple general monopolistic model with n monopolistic goods, and a numeraire good Labour (w=1 ); aggregation for all goods in the economy. We have considered in our paper constant elasticity of substitution case(CES). On the supply side,...

The aim of this paper is to investigate the size of the government in 12 OECD countries. Data are gathered from Penn Tables. Clustered robust OLS estimation techniques have been used. Also Panel estimation techniques have been applied, FE and RE estimation. The functional form is quadratic is...

In this paper issue of gravity modeling in international trade has been investigated. Standard gravity equation augmented with other variables to control for transportation cost, whether trade partners are neighbors and whether country is landlocked, or countries participants in trade have had...

In this paper issue of gravity modeling in international trade has been investigated. Standard gravity equation augmented with other variables to control for transportation cost, whether trade partners are neighbors and whether country is landlocked, or countries participants in trade have had...