The accepted view among psychologists and economists alike is that economic well-being has a statistically significant but only weak effect on happiness/subjective well-being (SWB). This view is based almost entirely on weak relationships between household income and SWB. But income is clearly an imperfect measure of economic well-being. Also needed are measures of wealth (net worth) and consum...

This study intends to provide an empirical answer to the question of whether Maastricht and SGP fiscal rules have affected growth of European Union countries. A growth equation augmented with fiscal variables and controlling for the period in which fiscal rules were implemented in Europe is estimated over a panel of 15 EU countries (and 8 OECD countries) for the period 1970-2005 with the purpos...

This paper presents evidence on the link between employment protection legislation (EPL), such as mandated severance packages for fired workers, and the rate of unemployment in a cross-country panel data set of OECD countries from 1990-2013. We use both a traditional fixed effects panel specification with lags of the policy variable, and also a unique structural panel vector autoregression (PVA...

The paper investigates the contributions of foreign direct investment (FDI) net inflows to clean energy use, carbon emissions, and economic growth. The paper employs cointegration tests to examine a longrun equilibrium relationship among the variables and fixed effects models to examine the magnitude of FDI contributions to the other variables. The paper analyzes panel data of 19 nations of the...

The Effects of Public and Higher Education on the Economic Growth in Iran A. Naaderi, Ph.D. Assessing the effects of educational investments on economic growth is of special interest to both scholars and policy makers, yet the research findings in this area, especially in countries like Iran, do not provide the necessary platform for decision making. The present study not only assesse...

There are interaction effects between rural logistics and economic development. The effect rural logistics has on the economic development presents as an S-shaped curve. So the interaction effects between rural logistics and economic development vary at different stage. It’s necessary to analyse the interaction effects to make the appropriate policies to promote the development of rural logisti...

We present an alternative explanation of the positive relationship between total fertility rate (TFR) and female labor participation rate (FLPR) observed in recent cross section of OECD countries. We first use a simple model of consumer behavior where consumption good is indexed by quality, both consumption and child rearing require time and a physical good as inputs. The model predicts that wh...

In this paper we analyse empirically the effects of ownership unbundling of gas transmission networks on the level of end-user prices. Based on a panel out of 29 OECD countries over 18 years we apply advanced approaches like the fixed effects estimator with robust standard errors and the corrected Least Squares Dummy Variable estimator (LSDVC) by Bruno (2005). Controlling for the oil price, the...

The global move to develop novel testing methods and strategies to identify suspected endocrine disrupting chemicals offers a unique opportunity to move away from traditional animal testing paradigms in this new area of regulatory concern. Regrettably, the programmes under development, both in the USA and internationally through the OECD, have thus far failed to consider in vitro and other non-...