Journal of Economic Studies: Volume 42 Issue 2

The effect of Medicare Part D on prescription drug composition and demand

David Zimmer

The US Medicare Modernization Act of 2003 introduced optional prescription drug coverage, beginning in 2006, widely known as Medicare Part D. This paper uses up-to-date nationally…

Heuristic vs formal dynamics of the wage- and price-curve model of equilibrium unemployment

Dag Olav Kolsrud, Ragnar Nymoen

A standard model of equilibrium unemployment consists of static equations for real-wage ambitions (wage curve) and real-wage scope (price curve), which jointly determine the…

Financial liberalization and economic growth: The (ir)relevance of the democracy context

Thiago Henrique Carneiro Rios Lopes, Cleiton Silva de Jesus

– The purpose of this paper is to ascertain whether countries benefit from capital account liberalization in more democratic contexts.

Productivity growth and convergence: a stochastic frontier analysis

Catarina Moura e Sa Cardoso, Geetha Ravishankar

The purpose of this paper is to assess the effect of human capital development on regional productivity growth and convergence in the Spanish provinces over the period 1991-2006…

Determinants of innovation outputs in developing countries : Evidence from panel data negative binomial approach

Reza Ghazal, Muhamed Zulkhibri

The purpose of this paper is to examine the determinants of innovation outputs proxied by number of patent applications, trademarks and industrial designs in developing countries…

An investigation of price discovery and volatility spillovers in India’s foreign exchange market

Sanjay Sehgal, Wasim Ahmad, Florent Deisting

The purpose of this paper is to examine the price discovery and volatility spillovers in spot and futures prices of four currencies (namely, USD/INR, EURO/INR, GBP/INR and…

Shooting the goose that lays the golden egg: the case of UAE employment policy

Andy H Barnett, Michael Malcolm, Hugo Toledo

This is a policy paper that analyzes the economic impact of mandated employment quotas for citizen workers among firms in the United Arab Emirates (UAE). The purpose of this paper…

Are there asymmetries in fiscal policy shocks?

Periklis Gogas, Ioannis Pragidis

The purpose of this paper is to test the effects of unanticipated fiscal policy shocks on the growth rate and the cyclical component of real private output and reveal different…

Structural breaks and labor market disparities in the Canadian provinces

Firouz Fallahi, Gabriel Rodríguez

The purpose of this paper is to use quarterly time series data from Canada and the Canadian provinces to determine if the unemployment rates in the Canadian provinces are…