Browsing Economics (Working Papers) by Title
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Sustainable fishing in Irish waters: assessment of current practices, policies and alternative approaches (Economics Working Paper no. 165)
(National University of Ireland, Galway, 201012)Irish fishing waters are currently governed as part of the Common Fisheries Policy of the European Union. Under this regime, policies of strict regulation are employed to provide both an ecologically sustainable resource ... 
Tales of Expansionary Fiscal Contractions in Two European Countries: Hindsight and Foresight
(National University of Ireland, Galway, 2007)It is ironic that the potential expansionary effects of fiscal contractions have become known as nonKeynesian effects. This paper highlights the fact that Keynes and his contemporaries were aware of such potential perverse ... 
Taming the Incomputable, Reconstructing the Nonconstructive and Deciding the Undecidable in Mathematical Economics
(National University of Ireland, Galway, 2007)It is natural to claim, as I do in this paper, that the emergence of nonconstructivities in economics is entirely due to the formalizations of economics by means of 'classical' mathematics. I have made similar claims for ... 
Tax, transition, and the State: the Case of Russia
(National University of Ireland, Galway, 2001)The article sets out to assess the problems of taxation in Russia in the context of the Russian state, its relationship with the enterprise sector and the transition from plan to market. In this paper, we argue that Russia 
Technology and Intermediation: the Case of Banking
(National University of Ireland, Galway, 199804)The aim of this paper is to look at ways in which the contribution of investment in technology to consumer welfare might be measured. One useful approach to this question is demonstrated by means of a simple spatial model ... 
Testing for monetary policy convergence in european countries
(National University of Ireland, Galway, 199712)The paper tests for longrun monetary policy convergence and shortrun policy interactions in seven ERM countries over the 19791992 period using the approach of multivariate cointegration and Grangercausality tests. ... 
Testing for real interest rate convergence in European countries
(National University of Ireland, Galway, 199801)We use cointegration tests that determine endogenously the regime shift to test for bilateral shortterm and longterm real interest rate convergence in the European Monetary System in the 19791993 period. The results ... 
Testing for the sustainability of the current account deficit in two industrial countries
(National University of Ireland, Galway, 199607)The objective of this paper is to test for the sustainability of the current account deficits in the U.S. and Canada over the 19731994 period. Using various unit root and cointegration tests some of which allow for ... 
Tests for Interest Rate Convergence
(National University of Ireland, Galway, 199705)We use a new test for cointegration that allows for structural breaks in the cointegrating relationship to test for bilateral interest rate convergence in the European Monetary System. Contrary to previous studies that ... 
To Plough or Play? Modelling Recreational Pursuits on Irish Farm Commonage
(National University of Ireland, Galway, 2007)In the last decade the demand for rural recreation has increased in Ireland as the population has become increasingly urbanised. Increased affluence, mobility and changing values have also brought new demands with respect ... 
Trails or Timber? A Contingent Behaviour Model of Recreational Facilities in Irish Forestry
(National University of Ireland, Galway, 2007)This research utilises a contingent behaviour valuation technique to value a number of improvements to recreational facilities in smallscale forests in Ireland. Willingness¿topay estimates have previously been made for ... 
Twin Deficits, Real Interest Rates and International Capital Mobility
(National University of Ireland, Galway, 2000)We argue that the interactions among the current account and budget balances and the real interest rate can provide more information about the effective degree of financial openness of an economy than simple savinginvestment ... 
U.S. Presidential Elections and the referendum paradox
(National University of Ireland, Galway, 201102)In the United States, the president is elected by the Electoral College (EC) and not directly by individual voters. This can give rise to a socalled 'referendum paradox' in which one candidate receives more popular votes ... 
Uncertainty in 'A Treatise on Probability' and the 'General Theory'
(National University of Ireland, Galway, 199602)This paper is concerned with the relationship between Keynes's theory of probability and his later work on macroeconomics. It suggests that while the General Theory deals again with the subject of the Treatise on ... 
The Unreasonable Ineffectiveness of Mathematics in Economics.
(National University of Ireland, Galway, 2004)In this paper I attempt to show that mathematical economics is unreasonably ineffective. Unreasonable, because the mathematical assumptions are economically unwarranted; ineffective because the mathematical formalizations ... 
Using and Producing Ideas in Computable Endogenous Growth
(National University of Ireland, Galway, 2005)Using and Producing Ideas in Computable Endogenous Growth It is shown that Paul Romer's suggestion to model algorithmically the use and production of ideas in an endogenous growth model is formally feasible. Such a ... 
Using CGE and Microsimulation Models for In come Distribution Analyses: A Survey.
(National University of Ireland, Galway, 2005)This paper carries out a survey of CGE and Microsimulation models used in the evaluation of issues related directly or indirectly to incomes distribution. Different model structures are discussed which have been employed ... 
Variations on the Theme of Conning in Mathematical Economics
(National University of Ireland, Galway, 2006)The mathematization of economics is almost exclusively in terms of the mathematics of real analysis which, in turn, is founded on set theory (and the axiom of choice) and orthodox mathematical logic. In this paper I try ... 
Varieties of Mathematics in Economics
(National University of Ireland, Galway, 2007)Real analysis, founded on the ZermeloFraenkel axioms, buttressed by the axiom of choice, is the dominant variety of mathematics utilized in the formalization of economic theory. The accident of history that led to this ...