Informal sector labour demand is analysed using a matched employer-employee data set obtained from a survey of informal enterprises in South-western Nigeria. Two different methodological approaches are used: conventional Ordinary Least Squares (OLS) and Instrumental Variable (IV) estimation...

This article aims at identifying the indicators of the Brazilian real crisis through building a probit model incorporating 20 monthly macroeconomic, political, and financial sector indicators from 1980:1 – 1999:1. Results indicate that the significant variables are inflation (1-month lag),...

In this article, we have sought to establish whether monetary aggregates have useful information for forecasting inflation, other than that provided by inflation itself. We have approached the problem in two ways. First, we conducted forecasting experiments, using Mean Absolute Percentage Errors...

This article seeks to find out which macroeconomic variables played a role in the East Asian financial crisis of 1997 using a linear probability model built for Malaysia, Indonesia, Thailand, Singapore, and Philippines. Results indicate that foreign direct investment, money stock, growth of...

In Korea, the socio-economic imbalance between the Capital and non-Capital Regions has become a serious issue despite the various decentralization policies instituted since the 1960’s. This study aims at analyzing the effect of decentralization of population in the capital region on income,...

By using the rate of change in the price of land, the perception and analysis of determinants of the real estate business cycle, and the appraisal of past real estate policies have been proceeded. Korean real estate business cycle is asymmetric (i.e., the expansion and contraction period of...

This article aims at investigating the econometric relationship between market driven reforms and the structural characteristics of employment after the implementation of market reforms in the context of deregulation of interest rates and exchange rate in Nigeria in the late 1980s. Following the...

This study aims at investigating the nature of the causal relationship between immigration and two macroeconomic indicators, GDP per capita and unemployment using Granger causality tests based on Finnish data during the period between 1981-2001. Results indicate that the null hypotheses of...