Purpose – The purpose of this paper is to examine the determinants of immigration from European Neighborhood (EN) and new member states to the EU core countries over the period 2000-2010. Apart from income differentials, unemployment rates and other standard variables hypothesized to determine...

Purpose – The European Union (EU) and its European neighbourhood are mutually dependent. In the next decades, the EU will need to import foreign labour in response to different challenges. The geographical proximity, economic, cultural and historical links with EU Neighbouring countries make...

Using data from the 1981 Family Expenditure Survey we estimate a logit model for the choice between unemployment and employment, using explanatory variables such as tax and social security benefit rates. Other variables represent the characteristics of the households in the survey and...

We estimate an aggregate econometric model of the industrial economies using annual data drawn from the postwar period. The model includes equations for GDP, inflation, interest rates and non-oil commodity prices. GDP and inflation reflect the evolution of aggregate supply and demand while...

Using annual data drawn from 1963-1983 we estimate an econometric model of the balance of payments of oil-importing LDCs. The model consists of equations for the quantities of exports and imports, unit value indices for exports and imports, capital flows, reserves and the exchange rate. An...

In Centre for Economic Policy Research Discussion Paper Nos. 164 and 165 I presented econometric models of the industrialized countries (North) and the oil-importing developing countries (South). This paper links the two models so that the economic interdependence between North and South can be...

Abstract A spatial vector autoregressive model (SpVAR) is defined as a VAR which includes spatial as well as temporal lags among a vector of stationary state variables. SpVARs may contain disturbances that are spatially as well as temporally correlated. Although the structural parameters are not...

We use annual data drawn from 1950-85 to estimate an econometric model of the money multiplier for the United Kingdom. We define the money multiplier as ratio of the money stock broadly defined (M3) and the monetary base (M0), and then decompose the multiplier into the currency ratio, the time...