The relation between economic freedoms and performance is very crucial to determine growth the development policies of a country. Economic are ultimate goal for all developed emerging economies. countries have been aiming sustain their current situation, while developing apply that will provide development. Convergence hypothesis which one main inference Solow model states that, in close econom...

Biodiesel side stream waste glycerol was identified as a cheap carbon source for rhamnolipids (RLs) production which at the same time could improve management of waste. The present study aimed to produce RLs by using Pseudomonas aeruginosa RS6 utilizing substrate and evaluate their physico-chemicals properties. Fermentation conditions such temperature, initial medium pH, concentration, nitrogen...

We provide new evidence on business cycle fluctuations in skewed labor income risk the United States, Germany, Sweden, and France. document four results. First, all countries, skewness of individual growth is strongly procyclical, whereas its variance flat acyclical. Second, this result also holds for continuously employed, full-time workers, indicating that hours margin not main driver; additi...

Since 1982, all Alaskan residents have received a yearly cash dividend from the Alaska Permanent Fund. Using Current Population Survey and synthetic control method, this paper shows that had no effect on employment increased part-time work by 1.8 percentage points (17 percent). A calibration of microeconomic macroeconomic effects suggests empirical results are consistent with stimulating local ...

This note analyses the interaction between nominal wage stickiness and costly employment adjustment in a small closed-economy New Keynesian model with simple rule-based or optimal monetary policy. The results show (1) the costs of nominal and real rigidity to depend on the policy regime, (2) optimal policy to substantially contain the welfare loss, and (3) the absence of quantitatively importan...

We develop a general stochastic model of directed search on the job. Directed search allows us to focus on a Block Recursive Equilibrium (BRE) where agents’ value functions, policy functions and market tightness do not depend on the distribution of workers over wages and unemployment. We formally prove existence of a BRE under various specifications of workers’ preferences and contractual envir...

The Finnish unemployment rose in the early 1990’s from three to eighteen percent in four years. Unemployment has then decreased to the average European level, being 8.5 percent in October 2002. In this paper, we describe the shocks leading to this unforeseen increase in unemployment. We then discuss the role of labour market institutions in the adjustment process that has brought unemployment b...

We study the response of domestic unemployment rates to shocks in total factor productivity for economies with high capital mobility and low labour mobility. We show that high capital mobility amplifies the impact on the domestic unemployment rate of domestic fluctuations in total factor productivity, shortens the lag of the response to shocks and raises the variability of unemployment. But ave...

Inflation targeting needs to be supplemented by an economic growth target so that central banks will not adopt monetary policy which results in stagnation. There is no guarantee that the economy will move towards full employment by itself when the inflation rate is kept between two to three per cent. Monetary policy does not have a comparative advantage in achieving price stability. Svensson's ...

The recent changes in the U.S. wage structure are often linked to the new wave of capital-embodied information technologies. The existing literature has emphasized either the accelerated pace or the skill-bias of embodied technical progress as the driving force behind the rise in wage inequality. A key, neglected, aspect is the \general purpose" nature of the new information technologies. This ...