Japan consists of many small inhabited islands in addition to four main islands. We examine the impact of fiscal expenditure and the number of tourists on per capita taxable income in remote islands using panel data analysis. The results show that both fiscal expenditure and population size have significant positive impacts on per capita taxable income, whereas the number of tourists does not h...

Using panel data from Spain Farinas and Ruano (IJIO 2005) test three hypotheses from a model by Hopenhayn (Econometrica 1992): (H1) Firms that exit in year t were in t-1 less productive than firms that continue to produce in t. (H2) Firms that enter in year t are less productive than incumbent firms in year t. (H3) Surviving firms from an entry cohort were more productive than non-surviving fir...

The paper seeks to develop our understanding of the somewhat diffuse nature of technological externalities in technological space by associating a geographical dimension with the sectoral dimension. Using panel data this paper estimates a knowledge production function that allows for spillovers inside the same industry and outside, and for local as well as global geographical spillovers. This a...

The paper examines whether a worker’s sick absence behaviour influences the risk of becoming unemployed. Swedish panel data are used to estimate the relationship between the incidence and duration of sick leave and subsequent unemployment. The results indicate that an increase in the number of sick leaves as well as an increase in the duration of sick spells is associated with higher risk of un...

The paper presents panel data evidence for 13 transition countries on inflation, financial development and growth. It contributes to the growth literature by showing that the transition countries conform to developed country evidence in particular with the strong negative effect of inflation on growth. It also contributes more evidence to the debate on the role of financial development. Once in...

This paper reports on an experiment designed to analyze information revelation in sequential guessing games. We observe a remarkable frequency of equilibrium outcomes. Deviations from the equilibrium are explained by learning considerations. By means of applying panel data econometric techniques, we find the presence of error cascades, which represent the situation where the deviation from lear...

Heterogeneity in Real Wage Cyclicality This paper presents evidence that real wage cyclicality can be a particularly heterogeneous parameter, depending on different worker characteristics and also on the specific stage of the business cycle. Using matched employer-employee panel data for Portugal covering the period 1986-2004, real wages are shown to be considerably more procyclical during rece...