Using a theoretical framework in which voters' choices are the result of utility maximisation decisions, and in which the variation of utility functions across individuals is partly deterministic (depending on their socio-economic characteristics) and partly stochastic, we estimate...

A small macroeconomic model is used as the basis for estimating the determinants of investment in South Africa within a simultaneous equations framework. Investment is highly sensitive to interest rates, relative prices, and political instability. The policy implications of such sensitivity are...

Data from 19 African nations is used to investigate the hypothesis that monetary union-represented in this case by the CFA Franc Zone-augments the extent of macroeconomic integration. The paper covers two key dimensions of integration: the volume of bilateral trade, and the magnitude of...

This paper complements existing cross-section and panel data analyses of the interaction of income and health outcomes by applying a cointegrating VAR model of income and health to time-series data for several Scandinavian countries. The results are consistent with previous crosssection and...

In this paper we estimate a VECM model for inflation and output growth in different English regions, allowing for interactions between variables and between regions. The model permits the estimation not only of the degree of inter-regional correlation of price and output innovations, but also of...

This paper uses a new database of political violence in Egypt to study the effects of political violence on the monthly arrival of tourists from the EU and the US in Egypt in the 1990s. We use time series analysis to study the impact of different aspects of political violence and...

The West African Economic and Monetary Union (UEMOA) has a history of monetary stability and low inflation. Nevertheless, there is substantial variation in relative prices within some UEMOA countries, in particular in the price of food relative to other elements of the retail price index (IHPC)....

This paper analyses a newly collected time-series database measuring the dimensions of violent political conflict in Egypt. Attention is focused on the interaction between politically motivated attacks by Islamists and the counter-insurgency measures used by the Egyptian government. The...

This paper combines panel data on employment and investment in different types of capital good in Northern Ireland with timeseries data on the level of political conflict (measured in various ways) in order to estimate the extent to which conflict discourages employment and investment of...