...-making. The application of the DEA concept in measuring the technical efficiency of national economies is a useful tool in the analysis of macroeconomic performance and a benchmarking approach for positioning and achieving competitive advantage on the international market. Originality/value Since...

... Limited 2012 Economic growth Modelling Transaction costs National economy Extent of the market Specialization The endogenous growth literature has focused on various endogenous mechanisms. Romer (1986) focused attention on aggregate increasing returns‐to‐scale. Lucas (1988...

... at: jpayne@poly.usf.edu © Emerald Group Publishing Limited 2012 Greece National economy Taxation Expenditure Revenues Budget deficits Asymmetries Greece is currently facing a severe sovereign debt crisis. In particular, the country accumulated high levels of debt over the last...

... well the model fits the actual data. Ahmad Zubaidi Baharumshah can be contacted at: baharumshah@yahoo.com © Emerald Group Publishing Limited 2012 Thailand National economy Capital Consumption Consumption smoothing Current account Capital mobility Thailand is a relatively...

... focused empirical effort. Other fiscal policy authorities may find the paper valuable. Matthew Kofi Ocran can be contacted at: matthew.ocran@nmmu.ac.za © Emerald Group Publishing Limited 2011 Fiscal policy Output Structural VAR National economy South Africa The intent of fiscal...

... Fiscal policy Brazil National economy Nowadays it is recognized that an important task for fiscal policymakers is to stabilize the public debt/GDP ratio and thus reduce the probability of a crisis to occur. As pointed out by Missale et al. (2002) one strategy for reducing the risk...

...)_i, and ln(S_{0)i. This is the basic model, which in the following will be referred to as model 1. Dierk Herzer can be contacted at: dierkherzer@gmx.de © Emerald Group Publishing Limited 2010 Economic growth International investments National economy}...

... and insignificant for all specifications, except for augmented specifications for Poland. The interaction terms have the same signs, but they lost their significance. © Emerald Group Publishing Limited 2010 Trade Costs National economy Labour market Hungary Poland Our results confirm...

... at: Rangan.Gupta@up.ac.za © Emerald Group Publishing Limited 2010 Economics National economy Forecasting South Africa The controversy about methods for evaluating the empirical relevance of economic models is not new. However, two distinct approaches have emerged since the early 1980s. First...

... and is, therefore, less reliable to use as a measurement of income [2] . Ahmet Özçam can be contacted at: aozcam@yeditepe.edu.tr © Emerald Group Publishing Limited 2009 Turkey National economy Econometrics Input/output analysis We consider the recovering and processing of the technical...

... consumption expenditures (private and government sectors), expenditures on investment goods, and exports as scale variables. Tuck Cheong Tang can be contacted at: tang.tuck.cheong@buseco.monash.edu.my © Emerald Group Publishing Limited 2007 South East Asia Money supply National economy...