According to the prior literature, family executives of family-controlled firms receive lower compensation than non-family executives. One of the key driving forces behind this is the existence of family members who are not involved in management, but own significant fraction of shares and...

This paper presents a model accounting for the impact of the Chinese rural-urban migration on the stock of aggregate saving and the skill composition of the urban labor force. The novel mechanism through which immigration affects labor-market outcomes is the availability of new loanable funds...

The paper describes the construction of a regional agricultural Social Accounting Matrix (SAM) for Ireland for the year 2007. The SAM describes the full circular flow of money and goods in the Irish economy. The SAM includes 61 activities, 60 commodities, 40 factors of production, 7 households,...

We study what topological assumptions should be added to the acyclicity of individual best response improvements in order to ensure the existence of a (pure strategy) Nash equilibrium as well as the possibility to reach a Nash equilibrium in the limit of a best response improvement path.

Determination of the lag length of an autoregressive process is one of the most difficult parts of ARIMA modeling. Various lag length selection criteria (Akaike Information Criterion, Schwarz Information Criterion, Hannan-Quinn Criterion, Final Prediction Error, Corrected version of AIC) have...

The Members of Parliament Local Area Development Scheme (MP-LADS) came in effect in 1993, closely followed by the 73rd Amendment to the Constitution, along with the wave of democratic decentralisation process in India. The MP-LADS allows for a fixed amount, non-lapsable Rs. 2 crores per year for...

Education is effectively used as a discontinuous variable in studies estimating the rates of return by level of education. We find that the normal procedure used for estimating the rate of return to broad aggregates such as secondary and high understates the returns to these levels and...

The problem of taxation, in a social system the trade-off Equity vs Efficiency. Is it possible a reconciliation?

This paper investigates the impact of training and education on productivity, in particular linking to a literature that emphasizes the need to reorganise production following adoption of ICT. The paper examines training at the total economy level and variation across industries, focusing...

The same methodology Oecd and Ecofin apply to project future trends of health care expenditue is here applied to reconstruct backwards Italian health care expenditure. The time horizon is 1988-2012. Results are described and argued. Important evidence emerges on the historical value of the...