In this paper, we estimate a health care demand function for 18 OECD countries for the period 1972-1995. We consider a demand side approach where health expenditure depend on per capita GDP and the relative price of health care. We use panel data unit root and stationarity tests to characterize our data. Then, we test cointegration between our variables with Kao[16] panel data cointegration tes...

Using a panel data set of 361 German corporations for the period 1991 to 1996 we test the hypothesis that firms with more efficient governance structures have higher profitabilities. To determine efficiency we compare firms with respect to ownership concentration, the identity of owners, capital structure, investment and firm growth by a multi-input/multi-output Data Envelopment Analysis (DEA)....

In every developed country, the economic transition from pre-industrial stagnation to modern growth was accompanied by a demographic transition from high to low fertility. Even though the overall pattern is repeated, there are large cross-country variations in the timing and speed of the demographic transition. What accounts for falling fertility during the transition to growth? To answer this ...

We study whether the effects on registered manufacturing output of dismantling the License Raj — a system of central controls regulating entry and production activity in this sector — vary across Indian states with different labor market regulations. The effects are found to be unequal across Indian states with different labor market regulations. In particular, following delicensing, industries...

This paper takes the neoclassical infant industry model, allows agents to respond to future expectations, and reveals previously unexplained relationships between protection and outcome. Policy, which projects to protect the industry until international competitiveness, may not necessarily succeed, consistent to the mixed empirical evaluations. To guarantee success, protection has to last longe...

Technological latecomer countries face a dilemma, they need to pursue pro-active industrial policies to compensate for manifold disadvantages vis-à-vis established competitors, but at the same time, due to neopatrimonial politics and capacity constraints, their institutions are rarely in a position to correct market failure effectively. Do the risks of misallocation outweigh the benefits and sh...

Technological latecomer countries face a dilemma,they need to pursue pro-active industrial policies to compensate for manifold disadvantages vis-à-vis established competitors, but at the same time, due to neopatrimonial politics and capacity constraints, their institutions are rarely in a position to correct market failure effectively. Do the risks of misallocation outweigh the benefits and sho...

The demographic transition that swept the world in the past 140 years has been identified as one of the prime forces in the transition from stagnation to growth. The unprecedented increase in population growth during the early stages of industrialization was ultimately reversed. The rise in the demand for human capital in the second phase of industrialization brought about a significant reducti...

This paper presents three new patent-based indicators of internationalisation of technology reflecting international cooperation in research and the location of research facilities of multinational firms. They witness both an increasing trend towards the globalisation of technology in the OECD area and large cross-country differences in the extent of internationalisation. An empirical analysis ...

This present study aims at analyzing how microfinance affects household income of its participants as well to find out the factors that influence adopt loan for which a logit model was applied. run on three villages Daulatpur Upazila Kushtia district namely Khalishakundi, Malipara and Silimpur from 350 respondents were chosen randomly. The result reveals Age (p<0.05), size (p<0.01) credit...