Economic Theory Commons^™

Konwergencja Bezrobocia W Polsce W Latach 1999-2006, Joanna Tyrowicz

Joanna Tyrowicz

W artykule analizie poddana została dynamika stóp bezrobocia na poziomie powiatów w Polsce w latach 1999-2006. Wykorzystano miesięczne dane rejestrowe. Celem badania jest zweryfikowanie, do jakiego stopnia zachodzą procesy konwergencji regionalnych stóp bezrobocia. Zbadana została zarówno konwergencja typu beta, czyli zależność między dynamiką stopy bezrobocia a jej poziomem wyjściowym, jak i konwergencja typu sigma polegająca na analizie dyspersji rozkładu i jej zmian w czasie. Zastosowane zostały również metody pozwalające zbadać dynamikę pełnego rozkładu analizowanej zmiennej – macierze przejścia oraz nieparametryczna metoda estymacji jądrowej. Macierze przejścia pozwalają określić prawdopodobieństwo z jakim w powiatach stopa bezrobocia utrzyma się na stałym poziomie, wzrośnie …

Optimality And Synchronicity - Where Do We Stand? Oca Theory And Its Empirical Application For Emu, Joanna Tyrowicz

Joanna Tyrowicz

Should Poland join EMU? The answer to this question has already been determined by both economists and politicians - by joining EU Poland has agreed to eventually join EMU, which barely any serious economists find to be harmful to our economy. However, the moment of joining the currency union has not been determined and its choice is largely left to the decision of Polish policy makers. Obviously, there are some costs to entering the currency union, as well as some benefits. However, since both the process of accessing and the very participation in the EMU are dynamic in nature, the …

Podmioty Ekonomii Społecznej A Perspektywy Rozwojowe Polski 2007-2013, Joanna Tyrowicz

Joanna Tyrowicz

No abstract provided.

Fee-Shifting Rules In Litigation With Contingency Fees, Kong-Pin Chen

Kong-Pin Chen

This article theoretically compares the British and American fee-shifting rules in their influences on the behavior of the litigants and the outcomes of litigation. We build up a comprehensive litigation model with asymmetric information and agency costs, which makes it possible to make comparison on a broad arrays of issues in a single unified framework. We then solve for the equilibria under both American and British rules, and thereby compare their equilibrium settlement amounts and rates, expenditures incurred in trials, as well as the plaintiff’s chances of winning and incentive to sue. The theoretical results are broadly consistent with existing …

Domestic Regulation And Trade In Professional Services, Henk Lm Kox, Hildegunn Kyvik Nordås

Henk LM Kox

The Existence Of Non-Elite Private Schools, Francisco Martinez Mora

Francisco Martinez-Mora

We provide an explanation to the puzzle of the existence of paid-for private schools that offer lower quality education than some tuition-free public alternatives. We consider a model of a city composed of two communities: the urban area and the suburbs. The suburban public school provides higher quality education at an implicit price: the higher tax burden plus a housing rent premium. If that price is high enough and the urban public school has a sufficiently low quality, intermediate income households live in the urban area and use a private school. Intermediate quality private schools, then, exist to serve these …

Assessment Of Capital Returns And Economics Of Investment In Khartoum Stock Exchange Market, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Financial markets in a country are parts of modern economic systems and have definite impacts of its economic performance. However, in an underdeveloped economic structure there can be other targets o hidden activities for them. Such assumptions are provoked under totalitarian economic systems that impose cartel monopolies in a autocratic compradorism that own most of the companies and their stocks. The institutional structure of the prevailing economic system avails negative cost/benefits dealings to continue unaffected as the main profits have to come from other resources, e.g., money laundry. The private sector has to be monopolized in order to sustain the …

The Dynamic Effects Of European Services Liberalisation, Henk Lm Kox

Henk LM Kox

#1; A single European market for services? #1; Estimated static effects of liberalisation #1; Dynamic effects of services liberalisation #1; Conclusions and possible policy implications

Assessment Of Capital Returns And Economics Of Investment In Khartoum Stock Exchange Market, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Financial markets in a country are parts of modern economic systems and have definite impacts of its economic performance. However, in an underdeveloped economic structure there can be other targets o hidden activities for them. Such assumptions are provoked under totalitarian economic systems that impose cartel monopolies in a autocratic compradorism that own most of the companies and their stocks. The institutional structure of the prevailing economic system avails negative cost/benefits dealings to continue unaffected as the main profits have to come from other resources, e.g., money laundry. The private sector has to be monopolized in order to sustain the …

Economic Impacts Of The 2004 Services Directive, Henk Lm Kox

Henk LM Kox

#1; About CPB #1; Our research on Services Directive #1; Policy differences as market-entry barrier #1; Effects of Services Directive on trade and FDI #1; Macroeconomic effects #1; Role country-of-origin principle #1; The way ahead

The Trade-Induced Effects Of The Services Directive And The Country-Of-Origin Principle, Roland De Bruijn, Henk Lm Kox, Arjan Lejour

Henk LM Kox

Liberalisation Of The European Services Market And Its Impact On Switzerland: Assessing The Potential Impacts Of Following The Eu's 2004 Services Directive, Henk Lm Kox, Arjan Lejour

Henk LM Kox

On Measuring The Efficiency Of The Social Security System Reforms. The Case Of Poland, Joanna Tyrowicz, Piotr Mularczyk

Joanna Tyrowicz

As other European countries, transition economies face the reform of the social security system. As one of the first, Poland has introduced a pension reform in 1999, which changed a standard pay-as-you-go system into a one constructed of three pillars and based on addressed contributions. The five years from the reform allow to take a first look at the reform, both in terms of assessing the legal implementation as well as the realization of main assumptions and aims. In this paper we consider the effectiveness of the reform. We find that in many aspects this reform should not be considered …

From Hayek To Keynes: G.L.S. Shackle And Our Ignorance Of The Future, Greg Hill

Greg Hill

G.L.S. Shackle stood at the historic crossroads where the economics of Hayek and Keynes collided. Shackle fused these opposing lines of thought in a macroeconomic theory that draws Keynesian conclusions from Austrian premises. In Shackle’s scheme of thought, the power to imagine alternative courses of action releases decision makers from the web of predictable causation. But the continuous stream of spontaneous and unpredictable choices that originate in the subjective and disparate orientations of individual agents denies us the possibility of rational expectations, and therewith the logical coherence of market equilibrium through time.

The Contribution Of Business Services To Aggregate Productivity Growth, Henk Lm Kox

Henk LM Kox

Una Estimacion Del Coste Marginal En Bienestar Del Sistema Impositivo Español, Ferran Sancho

Ferran Sancho

We numerically estimate partial derivatives associated to tax instruments under the assumption of a non-optimal tax system-

Determinantes Explícitos E Implícitos De La Deuda Externa Pública Peruana, José Manuel Martin Coronado

José-Manuel Martin Coronado

This research aims to prove that sound economic policies are nothing more that basic conditions for the foreign public debt problem. In fact, by studying the factors of public debt issues in Peru, Latin America and the emerging economies it’s clear that some implicit economic and non-economic factors have to be considered because of the social complexity and variable characteristics in emerging economies. This causes failures in economic policies assumptions, inefficiencies, distorted causality and nonrational behavior. This paper proposes, first, to perform a deep and comparative analysis of the foreign debt determinants in emerging economies, then, to allocate financial resources, …

Price Effects Of Indirect Taxation In A Regional Economy, Alejandro Cardenete, Ferran Sancho

Ferran Sancho

Institutional Changes And Discretionary Value For Property Rights In Drylands’ Farming Of The Sudan, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Research on land tenure and use control and the socioeconomic sets of regulations in the agricultural rainfed sub sector of Sudan, come to focus for many reasons. Anthropogenic pressure, expanding animal population and migration led to accelerated impacts on both the ecological systems and land yields. Conflicts between governmental regulations and indigenous rules contribute to generate inconsistencies on who have the right to till the land and hence own it. With such transformation logically, more intensive commercial farming took place and land intake exponentially increased. Private or collective property rights of land are procured through traditional tenure, prescription, settlement or …

Project Appraisal For The Keynesian Investment Planner, Greg Hill

Greg Hill

This paper outlines a theory of project appraisal wherein the neoclassical premises of conventional cost-benefit analysis are replaced by their Keynesian counterparts. The paper shows how the social rate of return on investment, the private and social rates of discount, and other concepts used in cost-benefit analysis may be modified to take account of the income externalities generated by the multiplier, mark-up pricing, and the causal priority of investment over saving.

People Adrift: Migration And Development (In Dutch), Free University, Amsterdam, Henk Lm Kox, Ko Heins

Henk LM Kox

People adrift is an edited volume that offers a rich perspective on migration and development. The introductory chapter by both editors provides an analytic survey of the major issues and their relations. The ten next chapters deal with migration motives, economic mechanisms, environmental issues, social and economic impacts on regions, relation with refugee flows and immigration barriers.

The Role Of Equilibrium And Disequilibrium In Modeling Regional Growth And Decline: A Critical Reassessment, Philip E. Graves, Peter R. Mueser

PHILIP E GRAVES

The assumption of interregional equilibrium in migration research has recently been attacked. At issue is the motivation for on-going migration if rents and wages accurately compensate for spatial amenity variations; but if rents and wages fail to accurately compensate potential migrants, then amenity valuations must be flawed. We here show that arguments supporting substantial disequilibrium in the U.S. economy are unconvincing. The substantive issues are then clarified by a model which allows for both equilibrium and disequilibrium migration. We conclude that intertemporally systematic migration stems predominantly from equilibrium forces.

Multimarket Amenity Compensation And The Behavior Of The Elderly, Philip E. Graves, Donald M. Waldman

PHILIP E GRAVES

There is no abstract for this work.

A Note On Drinking, Driving, And Enforcement Costs, Philip E. Graves, Dwight Lee, Robert L. Sexton

PHILIP E GRAVES

There was no abstract for this brief note.

Distribución De La Renta En Un Modelo Sam De La Economía Española, Clemente Polo, David W. Roland-Holst, Ferran Sancho

Ferran Sancho

A methodology to study income position shifts in response to public policies is introduced and applied to Spanish data.

Una Matriz De Contabilidad Social De La Economia Española, Timothy Kehoe, Antonio Manresa, Clemente Polo, Ferran Sancho

Ferran Sancho

We explain the procedure followed to build the first social accounting matrix for the Spanish economy. Data sources and data reconciliation are explained as well as the overall national accounting structure where the matrix is embedded.

Migration And Job Change: A Multinomial Logit Approach (Jue 1983), Peter D. Linneman, Philip E. Graves

PHILIP E GRAVES

See paper for the full abstract.

Nota Sobre Equidad Y Explotación En El Comercio Internacional, Ferran Sancho, Antonio Manresa

Ferran Sancho

We take on the 'unequal exchange' concept from a formal viewpoint and show that differences in endowments, rather than wage differences, are behind the phenomenon. We also show that egalitarian allocations are efficient.

Household Migration: Theoretical And Empirical Results, Philip E. Graves, Peter D. Linneman

PHILIP E GRAVES

See article for detailed abstract.