Journal of Economic Studies: Volume 41 Issue 5

Sensitivity analysis in an imperfect substitutes model of preferential trade

Kenneth A. Reinert

The purpose of this paper is to develop a formal representation of the imperfect substitutes model (ISM) of partial equilibrium, trade policy analysis and to conduct sensitivity…

Does structural economic vulnerability matter for public indebtedness in developing countries?

Sèna Kimm Gnangnon

– The purpose of this paper is to examine the effect of structural economic vulnerability of developing countries on their public indebtedness.

Which firms export? An empirical analysis for the manufacturing sector in the MENA region

Ali Fakih, Pascal L. Ghazalian

The purpose of this paper is to analyse the export behaviour of manufacturing firms located in the Middle East and North Africa (MENA) region using data from the World Bank's…

Recent trends in factor income shares: a global perspective

Alexei Izyumov, John Vahaly

The purpose of this paper is to provide estimates of factor income shares for 79 developed, developing and transition economies representing close to 90 percent of the world…

Time-inconsistency problem: less common than we think

Julio Cesar Albuquerque Bastos, Helder Ferreira de Mendonça, Gabriel Montes

– The purpose of this paper is to make an empirical analysis concerning time-inconsistency problem (TIP) based on a sample of 12 countries for the period from 1993 to 2011.

Firing tax vs severance payments – an unequal comparison

Dennis Wesselbaum

The purpose of this paper is to compare two elements of lay-off costs in a dynamic model of the labor market and analyze the differences for business cycle dynamics and welfare…

Does regional currency integration ameliorate global macroeconomic shocks in sub-Saharan Africa? The case of the 2008-2009 global financial crisis

Gregory N. Price, Juliet U. Elu

The purpose of this paper is to consider whether regional currency integration in sub-Saharan Africa ameliorates global macroeconomic shocks by considering the impact of the…