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A positive theory of optimal personal income distribution and growth.
December 1, 1998... Introduction
All over Europe, national governments are actually pursuing restrictive fiscal policies in order to meet the criteria set by the Maastricht Treaty. This austerity program primarily consists of cutting public expenditures on...
On the export-led growth hypothesis for the little dragons: an empirical reinvestigation.
December 1, 1998... Introduction
The export-led growth hypothesis has been the subject of considerable research in the last two decades. Yet the link between exports and economic growth, which has been subjected to empirical scrutiny, remains a subject of...
Convergence (divergence) and the U.S. states.
December 1, 1998... Introduction
Literature on economic growth has witnessed an increasing interest in a key economic issue, namely whether less productive nations or regions tend to grow faster than more productive countries over time and, thereby, tend to...
Permanent and transitory shocks on real and nominal exchange rates in Turkey during the post-1980 period.
December 1, 1998... Introduction
The objective of this paper is to investigate the sources of real exchange rate (RER) fluctuations in post-1980 Turkey, during which time the fixed exchange rate regime was abandoned. A short account of the characteristics of...
Takings, litigation and just compensation.
December 1, 1998... Introduction
The Fifth Amendment protection against uncompensated takings of private property by the government, as with all constitutional rights, creates an implied right to a judicial review. The issues generally brought before the...
The effect of uncertain returns on human capital investment patterns.
December 1, 1998... Introduction
The recent trend of the graying of the average college student has not received the attention it warrants in economics literature. Adult students, those 25 years old and over, constitute an ever increasing percentage of the...
Tax evasion and intertemporal choice.
December 1, 1998... Introduction
Though the literature on tax evasion has grown substantially in recent years, a point often ignored in this literature is that income from different sources is taxed at different rates and provides different opportunities for...
Economics and Reality.(Review)
December 1, 1998... Introduction
It is no easy matter to date the end of the bull market for economics that began after World War II. The erosion of faith in economics, among economists and their public, has been slow but persistent and long-term. What has...
Shifting the mainstream: Lawson's impetus.
December 1, 1998... Introduction
It is no easy matter to date the end of the bull market for economics that began after World War II. The erosion of faith in economics, among economists and their public, has been slow but persistent and long-term. What has...