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...

The findings of the present paper hint that there is a limit on the burden of debt, thus suggesting that borrowers cannot afford a loan burden beyond a certain critical level. Perhaps, this critical level could be considered as the Achilles heel of the capitalism. It also hints that there is a...

Usually the higher Government Debt country borrows money from other countries having lower Government Debt. This will end up with a higher lending rate in all countries. So, the spillover of a high debt problem in one country will cause pressures for higher interest rates in all remaining...

In the present paper it will be estimated econometrically with panel data the change in household consumption structure due to population ageing (as also claimed by Martins et al., 2005). Our sample will cover western European EC members. Data are drawn from Eurostat as well as OECD. The...

In the present paper an empirical analysis will point out that in all industrial countries ageing population growth causes an even faster increase in health expenditure (% GDP). This phenomenon will affect among others economic growth as well as consumption structure. This phenomenon...

In the present paper it is pointed out that government debt is an obstacle to economic growth. To my belief, the remedy to this problem is to encourage consumption and not to impose taxes onto the consumers. Because, any decrease in their wages and salaries for temporary budgetary purposes, will...

In the present paper it will be pointed out that consumption tax rate has a negative impact on consumption. Hence, according to the consumption-led-growth theory, economic growth will be hindered. The panel data sample covers for the period 1995-2007 many European countries, and the econometric...

The sharp increase in energy prices and growing concern on environmental issues, among other things, are behind the renewed interest in energy demand estimation. However, there is sparce academic literature that takes the real situation of energy suppliers into account: high quality but...

The sharp increase in energy prices and growing concern for environmental issues, among other things, are behind the renewed interest in energy demand estimation. However, there is scarce academic literature that takes real situation of energy suppliers into account: high quality but incomplete...

This paper employs quantile panel regression to the study of fuel price elasticities. Contrasting with standard panel approaches, this method reveals the impact of explanatory variables across all points in the conditional distribution of the response variable while controlling for unobserved...