Manchester School

1930 - 2025

Continuation of The Manchester School of Economic & Social Studies.

Current editor(s): Keith Blackburn

From University of Manchester
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2012, volume 80, articles 6

COST ASYMMETRIES AND INDUSTRIAL POLICY IN VERTICALLY RELATED MARKETS pp. 633-649

Yasushi Kawabata

DELEGATION AND EMISSION TAX IN A DIFFERENTIATED OLIGOPOLY pp. 650-670

Rupayan Pal

TESTING FOR UNIT ROOTS IN PANEL TIME-SERIES MODELS WITH MULTIPLE LEVEL BREAKS pp. 671-699

Joakim Westerlund

EQUILIBRIUM DYNAMICS OF AN ENDOGENOUS GROWTH MODEL WITH AN EROSION EFFECT AND DUPLICATION IN R&D pp. 700-717

Manuel Gómez

REAL EXCHANGE RATE PERSISTENCE: EVIDENCE FROM THE WESTERN OFFSHOOTS pp. 718-739

Ming-Jen Chang and Yi-Wen Chen

MAINTENANCE AND DESTRUCTION OF R&D LEADERSHIP pp. 740-751

Oscar Afonso and Ana Maria Bandeira

2012, volume 80, articles 5

BERTRAND VERSUS COURNOT COMPETITION IN A VERTICAL STRUCTURE: A NOTE pp. 545-559

Arijit Mukherjee, Udo Broll and Soma Mukherjee

PROFIT-ENHANCING KNOW-HOW DISCLOSURE: A STRATEGIC VIEW pp. 560-579

Noriaki Matsushima and Susumu Ogawa

STRATEGIC PRIVATIZATION AND TRADE POLICIES IN AN INTERNATIONAL MIXED OLIGOPOLY pp. 580-602

Lihua Han

RULES VERSUS DISCRETION IN FISCAL POLICY pp. 603-629

Carluccio Bianchi and Mario Menegatti

SUFFICIENT CONDITIONS FOR THE STABILITY OF LINEAR DIFFERENCE EQUATIONS pp. 630-632

Richard William Farebrother

2012, volume 80, articles 4

INTRODUCTION TO THE SPECIAL ISSUE ON POVERTY TRAPS pp. 377-380

Salvatore Capasso and Maria Rosaria Carillo

THE EVOLUTIONARY GAME OF POVERTY TRAPS pp. 381-400

Elvio Accinelli and Edgar Sánchez Carrera

CORRUPTION AND DEVELOPMENT: EXPLAINING THE EVIDENCE pp. 401-428

Keith Blackburn

PAYG PENSIONS AND HUMAN CAPITAL ACCUMULATION: SOME UNPLEASANT ARITHMETIC pp. 429-446

Giam Pietro Cipriani and Miltiadis Makris

SKILLED MIGRATION AND EDUCATION POLICIES: IS THERE STILL SCOPE FOR A BHAGWATI TAX? pp. 447-467

Domenico Scalera

MIGRATION FLOWS, STRUCTURAL CHANGE AND GROWTH CONVERGENCE: A PANEL DATA ANALYSIS OF THE ITALIAN REGIONS pp. 468-498

Salvatore Capasso, Maria Rosaria Carillo and Rita De Siano

INTERNAL MIGRATION ACROSS ITALIAN REGIONS: MACROECONOMIC DETERMINANTS AND ACCOMMODATING POTENTIAL FOR A DUALISTIC ECONOMY pp. 499-524

Romano Piras

DETERMINANTS OF INTERREGIONAL MIGRATION FLOWS: THE ROLE OF ENVIRONMENTAL FACTORS IN THE ITALIAN CASE pp. 525-544

Mariangela Bonasia and Oreste Napolitano

2012, volume 80, articles 3

PRICE AND WAGE STICKINESS, INFLATION AND PROFITS pp. 263-278

Carl Gwin and David VanHoose

ARE BAD FIRMS BENEFICIAL TO GROWTH? pp. 279-294

Maurizio Caserta and Francesco Reito

IS THERE EVIDENCE OF THE J‐CURVE IN COMMODITY TRADE BETWEEN THE USA AND HONG KONG? pp. 295-320

Mohsen Bahmani‐oskooee and Jia Xu

PURCHASING POWER PARITY VERSUS FIXED EXCHANGE RATE RULES: A STABILITY AND WELFARE ANALYSIS pp. 321-354

Jong Shin and Chetan Subramanian

EXECUTIVE PAY DETERMINATION AND FIRM PERFORMANCE—EMPIRICAL EVIDENCE FROM A COMPRESSED WAGE ENVIRONMENT pp. 355-376

Harald Dale‐olsen

2012, volume 80, articles 2

NEW YORK MARK‐UPS ON PETROLEUM PRODUCTS pp. 145-171

Szymon Wlazlowski, Birger Nilsson, Jane Binner, Monica Giulietti and Nathan Joseph

EVOLUTION OF PROFIT PERSISTENCE IN THE USA: EVIDENCE FROM THREE PERIODS pp. 172-209

Adelina Gschwandtner

IS THE OUTPUT–CAPITAL RATIO CONSTANT IN THE VERY LONG RUN? pp. 210-236

Jakob Madsen, Vinod Mishra and Russell Smyth

STOCK RETURNS AND OIL PRICE CHANGES IN EUROPE: A SECTOR ANALYSIS pp. 237-261

Mohamed Arouri

2012, volume 80

CAN MACRO-PRUDENTIAL REGULATION REDUCE FINANCIAL INSTABILITY? pp. 1-20

Michael Foot

THE FAILURE OF FINANCIAL MACROECONOMICS AND WHAT TO DO ABOUT IT pp. 21-53

Jean-Bernard Chatelain and Kirsten Ralf

FINANCIAL CRISIS AND QUANTITATIVE EASING: CAN BROAD MONEY TELL US ANYTHING? pp. 54-76

David Cobham and Yue Kang

ASSESSING THE ENDOGENEITY OF OCA CONDITIONS IN EMU pp. 77-91

Carlos Vieira and Isabel Vieira

FINANCIAL CRISIS, RISK PERCEPTION AND THE IMPLIED VOLATILITY TRANSMISSION: A CROSS-REGION STUDY pp. 92-120

Jianhua Gang, Nan Ye and Chengsi Zhang

2011, volume 79, articles s2

THE FUTURE OF MACROECONOMICS: INTRODUCTORY REMARKS pp. 1-4

Edward Driffill

BEYOND THE DSGE STRAITJACKET-super-1 pp. 5-16

Mohammad Pesaran and Ronald Smith

MACROECONOMIC MODELS: BETTER HORSES FOR TOUGHER COURSES pp. 17-20

Guido Ascari

MACROECONOMICS: A DISCIPLINE NOT A SCIENCE pp. 21-24

Marcus Miller

ECONOMICS AS IF BANKS MATTERED: A CONTRIBUTION BASED ON THE INDUCTIVE METHODOLOGY pp. 25-35

Richard Werner

THE FUTURE OF MACROECONOMICS: GENERAL DISCUSSION pp. 36-38

Edward Driffill

AN INCENTIVE‐ROBUST PROGRAMME FOR FINANCIAL REFORM pp. 39-72

Charles Calomiris

MONETARY POLICY RULES AND BUSINESS CYCLE CONDITIONS pp. 73-97

Thanassis Kazanas, Apostolis Philippopoulos and Elias Tzavalis

GOVERNMENT, OPENNESS AND FINANCE: PAST AND PRESENT pp. 98-115

Panicos Demetriades and Peter Rousseau

2011, volume 79, articles s1

CAUSALITY, STRUCTURE AND THE UNIQUENESS OF RATIONAL EXPECTATIONS EQUILIBRIA pp. 551-566

Bennett McCallum

THE EFFECT OF FINANCIAL ENFORCEMENT ON ENTREPRENEURSHIP AND DEVELOPMENT IN A ‘GROWTH MIRACLE’ pp. 567-593

Donghun Joo and Anne Villamil

SPAIN‐STING: SPAIN SHORT‐TERM INDICATOR OF GROWTH pp. 594-616

Maximo Camacho and Gabriel Perez Quiros

THE QUALITY OF MONETARY POLICY AND INFLATION PERFORMANCE: GLOBALIZATION AND ITS AFTERMATH pp. 617-645

Martin T. Bohl, David Mayes and Pierre Siklos

LONG‐TERM GROWTH AND SHORT‐TERM VOLATILITY: THE LABOUR MARKET NEXUS pp. 646-672

Barbara Annicchiarico, Luisa Corrado and Alessandra Pelloni

INTERNATIONAL FACTOR MOBILITY, PRECAUTIONARY SAVING AND LONG‐RUN ECONOMIC GROWTH pp. 673-690

Mark A. Roberts

2011, volume 79, articles 6

COMPETITION, INNOVATION AND WELFARE pp. 1045-1057

Arijit Mukherjee

BERTRAND COMPETITION IN A MIXED DUOPOLY MARKET: A NOTE pp. 1058-1060

Francisco Martínez‐sánchez

THE EFFECTS OF CLASS SIZE ON THE ACHIEVEMENT OF COLLEGE STUDENTS pp. 1061-1079

Maria De Paola and Vincenzo Scoppa

CREDIBILITY IN EMERGING ECONOMIES: DOES INFLATION TARGETING MATTER? pp. 1080-1098

Matteo Lanzafame and Reginaldo Nogueira

PLASTIC CLASHES: COMPETITION AMONG CLOSED AND OPEN PAYMENT SYSTEMS pp. 1099-1125

Fabio Manenti and Ernesto Somma

PRODUCT QUALITY, PREFERENCE DIVERSITY AND INTRA‐INDUSTRY TRADE pp. 1126-1138

Taegi Kim and Le Duc Niem

HOW SHOULD RESEARCH PERFORMANCE BE MEASURED? A STUDY OF SWEDISH ECONOMISTS pp. 1139-1156

Magnus Henrekson and Daniel Waldenström

PRIVATIZATION POLICY AND COST‐REDUCING INVESTMENT BY THE PRIVATE SECTOR pp. 1157-1178

Sususmu Cato

CAN DIVIDEND YIELDS OUT‐PREDICT UK STOCK RETURNS WITHOUT SHORT RATES? pp. 1179-1196

Jyh‐lin Wu, Yu‐hau Hu and Chingnun Lee

LANDING A PERMANENT CONTRACT IN SPAIN: DO JOB INTERRUPTIONS AND EMPLOYER DIVERSIFICATION MATTER? pp. 1197-1236

Yolanda F. Rebollo-Sanz

TEMPORARY CONTRACTS, EMPLOYMENT PROTECTION AND SKILL: AN APPLICATION TO SPAIN pp. 1237-1261

Elena Casquel and Antoni Cunyat

THE RELATIVE EFFECTIVENESS OF SELECTED ACTIVE LABOR MARKET PROGRAMS: AN EMPIRICAL INVESTIGATION FOR GERMANY pp. 1262-1293

Gesine Stephan and André Pahnke

CONSUMPTION, WEALTH, STOCK AND GOVERNMENT BOND RETURNS: INTERNATIONAL EVIDENCE pp. 1294-1232

Antonio Afonso and Ricardo Sousa

ARE THERE STILL PORTFOLIO DIVERSIFICATION BENEFITS IN EASTERN EUROPE? AGGREGATE VERSUS SECTORAL STOCK MARKET DATA pp. 1323-1352

Nektarios Aslanidis and Christos Savva

2011, volume 79, articles 5

REGIONAL AND SPATIAL ECONOMICS pp. 933-937

Pierre Picard

MONOPOLISTIC COMPETITION, MULTIPRODUCT FIRMS AND PRODUCT DIVERSITY pp. 938-951

Gianmarco Ottaviano and Jacques Thisse

INTERNATIONAL INTEGRATION AND REGIONAL INEQUALITIES: HOW IMPORTANT IS NATIONAL INFRASTRUCTURE? pp. 952-971

Kristian Behrens

THE PROXIMITY–CONCENTRATION TRADE‐OFF WITH ASYMMETRIC COUNTRIES pp. 972-993

Eric Toulemonde

TRADE AND ECONOMIC GEOGRAPHY: THE IMPACT OF EEC ACCESSION ON THE UK pp. 994-1017

Henry Overman and L. Winters

GLOBALISATION AND WAGE DIFFERENTIALS: A SPATIAL ANALYSIS pp. 1018-1034

Bernard Fingleton and Michelle Baddeley

WHAT DRIVES REGIONAL BUSINESS CYCLES? THE ROLE OF COMMON AND SPATIAL COMPONENTS pp. 1035-1044

Michael Artis, Christian Dreger and Konstantin Kholodilin

2011, volume 79, articles 4

INTER‐INDUSTRY WAGE DIFFERENTIALS: HOW MUCH DOES RENT SHARING MATTER? pp. 691-717

Philip Du Caju, Francois Rycx and Ilan Tojerow

BARGAINING OVER MANAGERIAL DELEGATION CONTRACTS AND MERGER INCENTIVES WITH ASYMMETRIC COSTS pp. 718-739

Yasuhiko Nakamura

THE WAGE PREMIUM FOR UNIVERSITY EDUCATION IN GREAT BRITAIN DURING A DECADE OF CHANGE pp. 740-764

Nigel C. O'Leary and Peter Sloane

THE HICKS–MOORSTEEN PRODUCTIVITY INDEX SATISFIES THE DETERMINATENESS AXIOM pp. 765-775

Walter Briec and Kristiaan Kerstens

PROFITABILITY OF A MERGER ON NETWORKS pp. 776-788

Tackseung Jun and Jeong-Yoo Kim

‘THE ISLAND MAN'S BEHAVIOR’: SOME MICROFOUNDATIONS OF HOW HOUSEHOLDS FORM MACROECONOMIC EXPECTATIONS pp. 789-810

Joshy Easaw and Atanu Ghoshray

STRATEGIC MANAGERIAL DELEGATION IN A MIXED DUOPOLY WITH CAPACITY CHOICE: PARTIAL DELEGATION OR FULL DELEGATION pp. 811-838

Yoshihiro Tomaru, Yasuhiko Nakamura and Masayuki Saito

AN EMPIRICAL STUDY OF BANK EFFICIENCIES AND TECHNOLOGY GAPS IN EUROPEAN BANKING pp. 839-860

Tai‐hsin Huang, Li‐chih Chiang and Kuan‐chen Chen

RENT SHARING IN PORTUGUESE BANKING pp. 861-883

Natália Monteiro and Miguel Portela

DOWNSTREAM MERGERS AND UPSTREAM INVESTMENT pp. 884-898

Ramon Faulí‐oller, Joel Sandonis and Juana Santamaría

THE ALLOCATION OF PUBLIC EXPENDITURE AND ECONOMIC GROWTH pp. 899-931

Pierre-Richard Agénor and Kyriakos Neanidis

2011, volume 79, articles 3

THE DYNAMICS OF POST‐WAR US INFLATION: THE LIMITED ROLE OF TIME INCONSISTENCY pp. 333-348

Jinho Bae

COULD DYNAMIC BETA MEASURES ENHANCE PERFORMANCE OF CAPITAL‐ASSET‐PRICING MODEL ON FITTING STOCK RETURNS? A REALITY TEST pp. 349-366

Leon Li

EPISODIC NON‐LINEARITIES AND MARKET EFFICIENCY IN THE MEXICAN STOCK MARKET pp. 367-380

Claudio Bonilla, Rafael Romero and Elizabeth Gutierrez

DOES DEFERRED COMPENSATION INCREASE WORKER EFFORT? pp. 381-404

Scott Adams and John Heywood

PUBLIC EXPENDITURES, BUREAUCRATIC CORRUPTION AND ECONOMIC DEVELOPMENT pp. 405-428

Keith Blackburn, Niloy Bose and M. Emranul Haque

ARE THE BALTIC COUNTRIES READY TO ADOPT THE EURO? A GENERALIZED PURCHASING POWER PARITY APPROACH pp. 429-454

Guglielmo Maria Caporale, Davide Ciferri and Alessandro Girardi

ON THE DIFFERENCES BETWEEN THE MARGINAL PRODUCT OF CAPITAL ACROSS COUNTRIES pp. 455-479

Alex Ferreira

BANKS, CREDIBILITY AND MACROECONOMIC EVOLUTION AFTER A PRODUCTION SHOCK pp. 480-509

Dmitri Vinogradov

PROFIT PERSISTENCE REVISITED: THE CASE OF THE UK pp. 510-527

David G. McMillan and Mark Wohar

A STRATEGIC MARKET GAME OF CARRY TRADES AND EQUILIBRIUM PROFITS pp. 528-541

Konstantinos Papadopoulos and Leonidas C. Koutsougeras

DIRECT SALE OR INDIRECT SALE? EFFECTS OF SHAREHOLDING pp. 542-549

Makoto Okamura, Tatsuhiko Nariu and Takeshi Ikeda

2011, volume 79, articles 2

BUSINESS CYCLE BEHAVIOUR IN HISTORICAL PERSPECTIVE: A SPECIAL ISSUE OF THE MANCHESTER SCHOOL pp. 171-172

Michael Artis, George Chouliarakis and Barry Eichengreen

BUSINESS CYCLE SYNCHRONIZATION SINCE 1880 pp. 173-207

Michael Artis, George Chouliarakis and P. K. G. Harischandra

INTERNATIONAL BUSINESS CYCLE SYNCHRONIZATION IN HISTORICAL PERSPECTIVE pp. 208-238

Michael Bordo and Thomas F. Helbling

THE COUPLING AND DECOUPLING OF BUSINESS CYCLES IN HISTORICAL PERSPECTIVE: SCANDINAVIAN EVIDENCE FROM THE EARLY 19TH CENTURY pp. 239-267

Pierre Siklos

BUSINESS CYCLE SYNCHRONIZATION IN EUROPE: EVIDENCE FROM THE SCANDINAVIAN CURRENCY UNION pp. 268-292

U. Michael Bergman and Lars Jonung

BRETTON‐WOODS SYSTEMS, OLD AND NEW, AND THE ROTATION OF EXCHANGE‐RATE REGIMES pp. 293-317

Stephen Hall, George Hondroyiannis, P. A. V. B. Swamy and George Tavlas

DOES INTERNATIONAL TRADE REALLY LEAD TO BUSINESS CYCLE SYNCHRONIZATION?—A PANEL DATA APPROACH pp. 318-332

Michael Artis and Toshihiro Okubo

2011, volume 79, articles 1

INTRODUCTION TO THE SPECIAL ISSUE ON PRODUCT/PROCESS INNOVATION AND MARKET STRUCTURE pp. 1-5

Rabah Amir

INCENTIVES TO INNOVATE IN OLIGOPOLIES pp. 6-28

Paul Belleflamme and Cecilia Vergari

USING COST OBSERVATION TO REGULATE A MANAGER WHO HAS A PREFERENCE FOR EMPIRE‐BUILDING pp. 29-44

Ana Borges and João Correia‐da‐silva

COORDINATION IN MARKETS WITH CONSUMPTION EXTERNALITIES: ADVERTISING AND PRODUCT QUALITY pp. 45-62

Ivan Pastine and Tuvana Pastine

CAUGHT IN A STRANGLEHOLD? ADVERTISING: WHAT ELSE? pp. 63-80

Laurent Linnemer

R&D AS A PRISONER'S DILEMMA AND R&D‐AVOIDING CARTELS pp. 81-99

Rabah Amir, Filomena Garcia, Christine Halmenschlager and Joana Pais

AN ANALYSIS OF ADVERTISING WARS pp. 100-124

Subhadip Chakrabarti and Hans Haller

R&D WITH SPILLOVERS: MONOPOLY VERSUS NONCOOPERATIVE AND COOPERATIVE DUOPOLY pp. 125-144

Anna Stepanova and Antonio Tesoriere

DEMAND EXPANSION AND ELASTICITY IMPROVEMENT AS COMPLEMENTARY MARKETING GOALS pp. 145-158

Christine Halmenschlager, Andrea Mantovani and Michael Troege

IDENTITY IN A SECOND‐PRICE SEALED BID AUCTION: AN EXPERIMENTAL INVESTIGATION pp. 159-170

Quazi Shahriar