Description
Book SynopsisThis is the third and final volume written in honour of Bernard Corry and Maurice Peston by an internationally renowned group of experts, and focuses on the application of economics to policy advice.
The contributors to this volume consider practical policy issues including labour market policy and the problem of unemployment, methodology and econometric analysis, taxation policy, industrial regulation, practical applications of transaction cost theory in the European Union, policy issues such as foreign direct investment and pension reform affecting transition economies and training policies in developing countries.
Table of ContentsContents: Introduction Part I: Labour Markets and Employment 1. The Post-redundancy Experience and the Dynamics of Local Labour Market Adjustment 2. Flexible Labour Markets and Economic Performance 3. Firms’ Strategies and Cooperative Games Part II: Methodological Issues in Economic Policy 4. Problems of Time-series Econometrics 5. Why Firms Invest Less but Adopt Higher Capital Intensity as the Capital Stance Tightens 6. Do Shocks Matter? Part III: Policy Issues 7. Household Production, Human Capital and Optimal Linear Income Taxation 8. Ex Post Value Regulation of Pharmaceutical Prices 9. Timing of Payment Conventions for Consumer Purchases Part IV: Economic Policy, Transition and Development 10. China’s Overseas Investment 11. Pension Reform in Central and Eastern Europe 12. A Governmental Role in Training Markets in Developing Countries Index
