SIRE Discussion Papers

From Scottish Institute for Research in Economics (SIRE)
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202: Does Ricardian Equivalence Hold When Expectations are not Rational?

George Evans, Seppo Honkapohja and Kaushik Mitra

201: Policy Scepticism and the Impact of Welsh Higher Education Institutions (HEIs) on their Host Region: Accounting for Regional Budget Constraints

Katerina Lisenkova, Peter McGregor and John Swales

200: Longitudinal analysis of income-related health inequality: welfare foundations and alternative measures

Paul Allanson

199: An HEI-Disaggregated Input-Output Table for Wales

Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and John Swales

198: Improving Students’ Learning Aspirations Beyond Post-Primary Education: A First Account of Two Non-Formal Education Programmes in Middle-Income

Aricò, Fabio, Laurence Lasselle and Kannika Thampanishvong

197: Distributional and Poverty Consequences of Globalization: A Dynamic Comparative Analysis for Developing Countries

Ronald MacDonald and Muhammad Majeed

196: The Timing of Asset Trade and Optimal Policy in Dynamic Open Economies

Ozge Senay and Alan Sutherland

195: Optimal contracting with private information on cost expectation and variability

Daniel Danau and Annalisa Vinellay

194: The Significance of Identifying Industrial clusters The Case of Scotland

Gerald Munyoro and John Dewhurst

193: International Evidence on the New Keynesian Phillips Curve Using Aggregate and Disaggregate Data

Joseph Byrne, Alexandros Kontonikas and Alberto Montagnoliz

192: Does the euro dominate Central and Eastern European money markets?

Mario Cerrato, Alexander Kadow, Ronald MacDonald and Stefan Straetmans

191: Policy Scepticism and the Impact of Scottish Higher Education Institutions (HEIs) on their Host Region: Accounting for Regional Budget Constraints under Devolution

Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and John Swales

190: Financial Distress in Chinese Industry: Microeconomic, Macroeconomic and Institutional Infuences

Arnab Bhattacharjee and Jie Hany

189: An HEI-Disaggregated Input-Output Table for Scotland

Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and John Swales

188: Colonialism, Elite Formation and Corruption

Luis Angeles and Kyriakos C. Neanidisy

187: The Role of Institutions in Cross-Section Income and Panel Data Growth Models: A Deeper Investigation on the Weakness and Proliferation of Instruments

Ronald MacDonald, Flavio Vieira and Aderbal Damasceno

186: Immigration, Conflict and Redistribution

Sánchez-Pagés, Santiago and Solano García, Angel

185: Global Warming And Extreme Events: Rethinking The Timing And Intensity Of Environmental Policy

Yu-Fu Chen and Michael Funke

184: Inverted Haavelmo Effects in a General Equilibrium Analysis of the Impact of Implementing the Scottish Variable Rate of Income Tax

Patrizio Lecca, Peter McGregor, John Swales and Ya Ping Yin

183: Balanced Budget Government Spending in a Small Open Regional Economy

Patrizio Lecca, Peter McGregor and John Swales

182: Exchange rate pass through to import prices: panel evidence from emerging market economies

Joseph Byrne, Aditya Chavali and Alexandros Kontonikas

181: Incorporating jurisdiction issues into regional carbon accounts under production and consumption accounting principles

Christa D. Jensen, Max Munday, Stuart McIntyre and Karen Turner

180: Inter-Connectedness In The Scottish Economy, 1998-2004

John Dewhurst

179: The effects of entry in thin markets

Alex Dickson

178: Nominal Interest Rates and Stationarity

Mario Cerrato, Hyunsok Kim and Ronald MacDonald

177: Periodic Sequences of Arbitrage: A Tale of Four Currencies

Rod Cross, Victor Kozyakin, O’Callaghan, Brian, Alexei Pokrovskii and Alexey Pokrovskiy

176: The Impact of Higher Education Institution-Firm Knowledge Links on Firm-level Productivity in Britain

Richard Harris, John Moffat and Qian Cher Lib

175: The Expenditure Impacts of Individual Higher Education Institutions (HEIs) and their Students on the Scottish Economy under Devolution: Homogeneity or Heterogeneity?

Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and John Swales

174: The regional electricity generation mix in Scotland: A portfolio selection approach

Grant Allan, Igor Eromenko, Peter McGregor and John Swales

173: Revisiting the Dollar-Euro Permanent Equilibrium Exchange Rate: Evidence from Multivariate Unobserved Components Models

Xiaoshan Chen and Ronald MacDonald

171: Memory of Recessions

Rod Cross, H. McNamara and A.V. Pokrovskii

170: Equilibrium Exchange Rate Determination and Multiple Structural Changes

Mario Cerrato, Hyunsok Kim and Ronald MacDonald

169: Off-the-Record Target Zones: Theory with an Application to Hong Kongs Currency Board

Yu-Fu Chen, Michael Funke and Nicole Glanemann

168: A Salience Theory of Choice Errors

Paola Manzini and Marco Mariotti

167: Hysteresis in the fundamentals of macroeconomics

Rod Cross, H. McNamara, A.V. Pokrovskii and L. Kalachev

166: Future of the Clean Development Mechanism in Tackling Climate Change

Geethanjali Selvaretnam and Kannika Thampanishvong

165: Learning about Risk and Return: A Simple Model of Bubbles and Crashes

William Branch and George Evans

164: Monetary Policy and Heterogeneous Expectations

William Branch and George Evans

163: Second-Order Approximation to the Rotemberg Model around a Distorted Steady State

Tatiana Damjanovic and Charles Nolan

162: Environmental Degradation and the Limits to LOV

Yu-Fu Chen, Hassan Molana and Catia Montagna

161: A Panel Data Investigation of Real Exchange Rate Misalignment and Growth

Flavio Vieira and Ronald MacDonald

160: Life-Cycle, Effort and Academic Deadwood

Yu-Fu Chen and Gylfi Zoega

159: The Export Base Model with a Supply-Side Stimulus to the Export Sector

Soo Jung Ha and John Swales

158: Short-Run Strategies For Attracting Foreign Direct Investment

Celine Azemar and Rodolphe Desbordes

157: Infrastructure Finance and Industrial Takeoff in England

Alex Trew

156: Interest Rate Co-movements, Global Factors and the Long End of the Term Spread

Joseph Byrne, Giorgio Fazio and Norbert Fiess

155: Scotland: A New Fiscal Settlement

Andrew Hughes Hallett and Drew Scott

154: Financial liberalisation and industrial development in Malawi

Grant Kabango and Alberto Paloni

153: The disadvantage of winning an election

Aragonès, Enriqueta and Sánchez-Pagés, Santiago

152: A Bootstrap Neural Network Based Heterogeneous Panel Unit Root Test: Application to Exchange Rates

Christian de Peretti, Carole Siani and Mario Cerrato