In this paper are presented essential themes in the subject of personnel economics. In the first part analysis has been conducted on the impact of peer pressure on workplace behaviour. Then again models for compensation structures within firms, and their influence on the utility of work by...

In this paper the issues from the personnel economics has been investigated. The issues such as training of workers from Becker's human capital theory and their association with the workers' productivity. In the second part of the paper the issue of grooming has been investigated in relation...

Canadian labor market data are being used in this paper. These series are quarterly data from 1980 Q1 to 2000 Q4. This series are stationary by test for cointegration I(0), meaning that there exist equilibrium relationship between the time series labour productivity (prod), employment (e),...

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...

This study investigates the relation between macroeconomic variables such as real GDP growth, inflation, unemployment rate, trade deficit and the exchange regimes. The idea is to explore whether the macroeconomic indicators give better result when are under the influence of fixed or fluctuating...

Applying IS-MP-IA model and the Taylor rule, this study finds that for selected CESEE economies (Albania, Bosnia and Herzegovina, Macedonia and Serbia), lower expected inflation rate, real exchange rate appreciation, a lower world interest rate which is calculated like a federal funds rate minus...

In this paper it is been made an attempt to map the global OLG models and afterwards to draw phase diagrams for the baseline OLG models, namely by simulating the Diamond (1965) capital accumulation simple OLG model. First it is discussed the issue of optimality in OLG models, then the general...

This paper argues that monetary policy matters in short-run and that it affects unemployment, and prices and wages in near-rational firms. Those profit-maximizer firms are adjusting prices in accordance with consumer expectations and wages are set to be fair accordingly to the workers...

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 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...