Journal of Economic Studies: Volume 33 Issue 5

Productivity trends in the United States

Apostolos Serletis, Guohua Feng

The purpose of this paper is to investigate productivity growth and technical progress bias in the USA.

An analytical approach on defense expenditure and economic growth: The case of Turkey and Greece

Huseyin Kalyoncu, Fatih Yucel

The objective of this study is to examine the relationship between defense expenditure and economic growth for Turkey and Greece in the period of 1956‐2003 using yearly data.

Does inflation exaggerate the equity premium?

Kyriacos Kyriacou, Jakob B. Madsen, Bryan Mase

The aim of this paper is to identify why the historically observed equity risk premium is larger than most researchers believe is reasonable. Whilst equity is undoubtedly riskier…

Regional welfare weights for Turkey

Haluk Sezer

This paper aims to estimate a set of welfare weights for Turkey, based on per capita regional incomes, and to present them for possible policy consideration by the government.

Evaluating the magnitude of the shadow economy: a direct survey approach

Colin C. Williams

Until now, in the absence of direct survey data, economists have had to rely on indirect methods that employ proxy indicators to evaluate the size of the shadow economy. The…

Social security expenditures and economic growth: A heterogeneous panel application

Chien‐Chiang Lee, Chun‐Ping Chang

The purpose of this paper is to re‐examine the long‐run co‐movement and causal relationship between GDP and social security expenditures.