The main goal of the present paper is to analyze the effects of currency collapses (a large devaluation of country’s nominal exchange rate) on real gross domestic products of six Asian countries (Iran, Indonesia, Malaysia, Pakistan, South Korea, and Turkey). A yearly data is collected from the WDI of the World Bank over the period 1980-2011. The econometric model includes the real GDP growt...

A system of two dynamic spatial panel data model equations is developed in which output growth and the change unemployment rate are interdependent. The parameters estimated by recently maximum likelihood techniques for multivariate econometric models, using twelve provinces Netherlands over period 1974–2018, covering four major economic downturns Dutch economy. By time-cumulative marginal effec...

A number of cross-country comparisons do not find a robust negative relationship between government size and economic growth. In part this may reflect the prediction in economic theory that a negative relationship should exist primarily for rich countries with large public sectors. In this paper an econometric panel study is conducted on a sample of rich countries covering the 1970–95 period. E...

The bene…ts of separating drug prescribing and dispensing are still unclear, in particular when drug consumption is characterized by important spillovers. We investigate the role of dispensing physicians in the consumption of antibiotics characterized by two opposite external e¤ects: infection prevention and control, and bacterial resistance. We model the interaction between competing physician...

Population Aging, Elderly Migration and Education Spending: Intergenerational Conflict Revisited Elderly have been increasingly targeted as a group to enhance economic development and the tax base in communities. While recent literature on elderly migration tends to focus on how elderly migration patterns are influenced by state fiscal variables, the reverse effect from elderly population on fi...