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Review of International Economics 21(4)
Democracy and Economic Growth in an Interdependent World

We model dynamic interdependence in cross-country economic growth processes by allowing it to vary according to democratic distance among economies. Stochastic distributional dynamics and temporal effects of democracy on economic growth are studied, and spatial variation in economic growth is explored. Among important results, democratic poverty trap is found to exist indicating the possibility of…

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An Analysis of Subjective Wellbeing in Wales: Evidence from the Annual Population Survey

This report examines Annual Population Survey (APS) data containing new questions on Subjective Wellbeing (SWB). It focuses on comparisons between variations in SWB across countries of the UK and areas within Wales, as well as how SWB varies by demographic sub-groups within Wales. In particular, it identifies groups of individuals and areas within Wales where…

WISERD & Welsh Government Evidence Symposium: Wellbeing in Wales

Attendees were welcomed and introduced themselves. It was explained that this event wasthe first of a series co-funded by the ESRC, to be held in collaboration with the WalesInstitute for Social and Economic Research, Data & Method (WISERD). The aim of theseevents will be to facilitate a regular and genuine dialogue between policy makers andpractitioners.

Knowledge-based Entrepreneurship and Innovation for a Prosperous Wales

Business entrepreneurs are at the heart of a dynamic, knowledge based economy. Understanding the early stages of business growth is critical to the development of a thriving economy. However defined, the rate of entrepreneurship in Wales consistently lags behind most regions of the UK. This policy brief reviews the connection between entrepreneurial activity and socio-economic…

Innovation in the Welsh Automotive Industry: Challenges and Strategies

This paper seeks to understand the status of and changes in the Welsh automotive industry in the wake of globalization and the consequent structural challenges. Hailed as a budding leader in Europe in terms of auto-component production (where Wales purportedly boasts of supportive institutions, high quality infrastructure and flexible labour conditions), its ambition to maintain…

Historical Social Research 35(1)
A Bayesian Analysis of Total Factor Productivity Persistence

Historical Social Research: An International Journal for the Application of Formal Methods to History 35(1) pp 363-372 This paper studies persistence properties of total factor productivity (TFP) from Bayesian perspective. Emphasizing that classical unit root test for TFP cannot determine the probability whether a stochastic shock to the series is permanent, we design a Bayesian…