This paper investigates the conditions under which interest-rate rules induce real equilibrium indeterminacy in a two-country, sticky-price, monetary model. Using a discrete-time framework, we employ the two most commonly used timing assumptions on which money balances enter into the utility...

Our paper contributes to current debates around work-life balance and the efficiency and wellbeing costs associated with different models of work and childcare (Gregory and Connolly, 2008). It also contributes from a gender perspective to the life satisfaction literature by providing a test for...

We report the results of surveys on positional concerns for income and leisure. The results confirm earlier evidence that a majority of people are positional regarding income. We also look at the distribution of both these positional concerns among our respondents, something which has not...

In this paper, we test whether economic growth will lead to a decline in child labour. Our analysis brings together household data from the National Sample Survey of India and state level macro data from various sources to estimate a bivariate probit model analysing the impact of growth and...

The purpose of this paper is to amend the resource-based view of strategic management from an entrepreneurial point of view. We firstly attempt to make a brief survey of the conceptual framework of the RBV by contrasting it with the competitive forces approach (CFA) presented by Porter (1980)....

This paper applies GMM estimation to assess empirically the small open-economy New Keynesian Phillips Curve derived in Galí and Monacelli (2005). We obtain a testable specification where fluctuations in the terms of trade enter explicitly, thus allowing a comparison of the relevance of domestic...

Many of the new member states as well as candidate and accession countries of the EU are confident that membership will result in substantially increased inward foreign direct investment (FDI) in manufacturing. This paper discusses the policy issues and challenges that cohesion and accession...

This paper shows empirically that in an intra-industry oligopolistic scenario the location of a firm’s innovative activities plays an important role in determining its partner selection in R&D alliances. Such a role is mainly attributed to a strategic use of R&D alliances as a means to limit...