This paper investigates the main postulations of the R&D based growth models that innovation is created in the R&D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of R&D. The analysis employs various panel data techniques and...

Decentralisation is invariably among the recommendations that international organisations such as the World Bank make for an enhancement of social provisions, and particularly a better targeting of social assistance regimes, in Eastern and Central Europe. However, theoretical literature as wel...

The paper investigates the validity of PPP by using 15 OECD countries data of monthly frequency from 1980:01 to 2005:12 and tests for the symmetry and proportionality hypotheses. The test for PPP is conducted in the framework of the General Relative PPP (RPPP) as proposed by Coakley et al....

The review of recent literature shows the relationship between shadow economy and economic growth is ambiguous. This paper attempts to answer whether the relationship between shadow economy and economic growth depends on the level of development or not? In this way, the Shadow Economy...

Information and Communication Technology (ICT) has developed rapidly in the recent decades. The industrial nations are the derivations of the development and use of new communication technologies. As such today industrial nations have a continuously higher communications technology standard. As...

This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by...

This paper investigates the determinants of the sacrifice ratio in the OECD economies using a quantile regression framework. We show that the relationship is characterised by asymmetries that standard approaches are unable to capture.

This paper tests the Environmental Kuznets Curve (EKC) hypothesis for four local (SO<InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$_{x}$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <msub> <mrow/> <mi>x</mi> </msub> </math> </EquationSource> </InlineEquation>, NO<InlineEquation ID="IEq2"> <EquationSource Format="TEX">$$_{x}$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <msub> <mrow/> <mi>x</mi> </msub> </math> </EquationSource> </InlineEquation>, CO, VOC) and two global (CO<InlineEquation ID="IEq3"> <EquationSource Format="TEX">$$_{2}$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <msub> <mrow/> <mn>2</mn> </msub> </math> </EquationSource> </InlineEquation>, GHG) air pollutants. Using a panel data set of thirty OECD countries, the paper finds that the postulated inverted...</equationsource></equationsource></inlineequation></equationsource></equationsource></inlineequation></equationsource></equationsource></inlineequation>

ROC and CAP analysis are alternative methods for evaluating a wide range of diagnostic systems, including assessments of credit risk. ROC analysis is widely used in many fields, but in finance CAP analysis is more common. We compare the two methods, using as an illustration the ability of the...

This paper analyses the relationship between foreign direct investment intensity and labour productivity of manufacturing industries in 14 OECD countries including the recent OECD members from Central Europe: the Czech Republic, Hungary, Poland and Slovakia. I find the relationship between...