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Human capital and returns to scale

Article Abstract:

The findings of the estimation of a Cobb-Douglas aggregate production function suggest that boosting returns to scale prevailed. A global data-set on official educational attainments is employed to approximate the Cobb-Douglas aggregate function. A pooled cross-section time-series model was utilized for a collection of high income Organization for Economic Cooperation and Development member states during the period 1960-1985.

Economic Planning & Research, Research, Usage, Economic conditions, Economic development, Organization for Economic Cooperation and Development, Production functions (Economics)

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Changes in the degree of financial integration within the European Community in the 1980s: some econometric tests

Article Abstract:

Two optional, complementary econometric methods are used to evaluate the degree of monetary and financial uniformity among principal EU nations from Mar. 1979 to Aug. 1992. Results indicate the presence of monetary uniformity between the principal EU nations and Germany from Mar. 1983 to Aug. 1992. However, the UK is not part of this as it was not involved in the European exchange rate mechanism until Oct. 1990.

Models, Germany, Finance, Economics, European Union, Information theory, Information theory in economics

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Efficient capital controls

Article Abstract:

Taxes on foreign exchange payments are preferred to capital controls because they are easier to set up, manage and enforce. Taxes can more easily restore fiscal, exchange rate, and monetary policies in times of international economic crisis.

World, Methods, Management, Taxation, Foreign exchange, Monetary policy, Tax policy, Trade policy, Commercial policy, Capital movements

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