Fiscal sustainability issues over rising national debt concerns and the consequent expansionary fiscal retrenchment hypothesis has fuelled the contentious austerity vis-à-vis stimulus debate which has spawned a large ...

This study explores the impact of government expenditure multipliers on economic growth utilising an Autoregressive Distributed Lag (ARDL) approach. We provide evidence on the short-term dynamics as well as the long-run ...

The UK economy has enjoyed an unprecedented period of positive economic growth since the early 1990s. The absence of recession for more than a decade has been accompanied by a sustained decline in the level of mortgage ...

Purpose This paper aims to study the effects of the strength of patent enforcement on economic growth following the signing of the agreement on Trade-Related Aspects of Intellectual Property Rights and the role of inward ...

In this paper, the relationship between innovations in the payment systems and financial intermediation is explored. By focusing on excess reserves and currency demand we provide evidence on the extant transmission mechanism. ...

In 2004 Poland entered the EU. This paper investigates whether the Polish banking industry is prepared for entry by looking specifically at its comparative efficiency in relation to one of the largest banking sectors in ...

This paper investigates the impact of U.K. institutional holdings on the financialization process. Using panel data analysis, we find that their holdings have a positive impact on the financialization. Investigating the ...

This paper reviews measures of banking efficiency and analyses the efficiency construct and its applications. We discuss the issues of data availability and methodological problems that occur when trying to obtain realistic ...

This study investigates the long-term effects of national patent legislation and enforcement systems on the economic development of 42 countries. The econometric methodology that has been adopted involves the estimation ...