The economic design is an appealing approach to settle the design parameters of a control chart. Unfortunately, the economic models to design control charts have been scarcely implemented by quality practitioners due to the simplifying assumptions when representing the multifaceted complexity and constraints present within manufacturing and transactional environments. Although there has been an...

While trade integration is often regarded as a principal determinant of economic growth, the empirical evidence for a causal linkage between trade and growth is ambiguous. This paper argues that the effect of trade in dynamic panel estimations depends crucially on the specification of trade. Both from a theoretical as well as an empirical point of view one specification is preferred: the volume...

In most OECD countries THE policy instrument of choice to prevent people from working in the shadows has been deterrence. While deterrence is well-founded from a theoretical point of view, the empirical evidence on its success is weak: tax policies and state deregulation appear to work much better. The discussion of the recent literature underlines that in addition economic opportunities, the o...

This article adopts the point of view that China’s development policies can only be appreciated if they are considered by applying perspectives from institutional economics. This requires attention to be given to the historical, political and cultural context in which its economic development has occurred. Therefore, this article gives attention to the political events leading up to China’s dec...

Strikes are totally ine¢cient from an economic point of view. They occur when the two parties that bargain over a contract do not ...nd an agreement and the result is a loss of utility for both. In spite of their clear ine¢ciency in the real world strikes are very common both in the rich economies as well as in the poor countries. Moreover recent empirical literature found some regularities ove...

Within the approaches that have been applied to assess the impact of public capital on economic growth, this paper estimates the dynamic effects of public infrastructures using a structural vector autoregressive (SVAR) methodology for the Spanish regions. From a methodological point of view, our work contains different innovative features with respect to the previous studies using VAR models. T...

A deterministic model of economic growth and pollution accumulation, in the form of a system of partial differential equations, is designed and analyzed. The model assumes pollution as a by-product of production. The stock of pollution has a negative impact on production. The accumulation of pollution is dampened by a share of the investments, in the form of an environmental tax. We consider a ...

This brief is a technical analysis that estimates the effect of local government spending on economic growth at the county level in Georgia. Recent studies in the growth and economic development literature have emphasized the impact of government spending on growth at the national and state levels, but few of these studies have attempted to identify growth–enhancing government expenditures at t...