The Productive Capacity and Environment: Evidence From OECD Countries

Evidence from OECD Countries

In this paper we use a representative consumer model to analyse the equilibrium relation between the transitory deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for both stock returns and housing returns. The evidence based on data for 15 OECD countries shows that when agents expect future stock returns to be higher, the...

Trust and Fertility: Evidence from OECD countries

Using panel data for 24 (OECD) countries during the period 1980–2004 this study examines how social trust affects fertility. The major finding through the random effects approach is that the social trust increases the fertility rate. A 1% rise in the trust rate leads to an increase in fertility by 0.01 points. The results presented here suggest that in developed countries, trust underlies the d...

Broadband Uptake and Infrastructure Regulation: Evidence from the OECD Countries

Towards Productive Welfare? A Comparative Analysis of 23 OECD Countries

Numerous social policy analysts have suggested that globalisation and the emergence of more knowledge based economies have encouraged high income nations to shift away from a model of protective welfare focused on social rights and towards a model of productive welfare focused on social investment. However, much of the work in this area remains purely theoretical, not least because comparative ...

Leviathan and Legislative Monopoly Power: Empirical Evidence from OECD Countries

In this paper we test the Leviathan hypothesis, focusing on the joint impact of fiscal decentralization and legislative monopoly power in the growth of the public sector. Two proxies of legislative monopoly power are considered: the control of all relevant houses by the executive party and the margin of majority. Using a dynamic panel-based error correction model on OECD member countries, we fi...