In the present paper an attempt has been made to point out that a federal system as well as a better income distribution foster political stability. The econometric model used with panel data is based on the Eviews software package

In times of austerity measures it is well known that household disposable income shrinks considerably and economic recession comes up. This is not the only outcome. Banking sector also faces the problem of capital adequacy since a higher proportion of loans becomes non-performing. Hence, banks...

In EU (2008-2014, monthly data) regarding the variation of stock returns “January effect” does not matter, while EU follows the USA stock returns and finally southern regions (who are mostly hit by the crisis) tend to have a negative impact on stock returns. The elaboration of panel data...

Using panel data analysis, it will be pointed out that in Europe for the period 1999-2014 the female penetration in total employment fosters firm profitability, mainly in the southern countries, while federal system of governance does not matter regarding firm profitability. The econometric...

In the present paper an attempt has been made to estimate how political stability affects economic growth. This analysis refers to the three economic poles (EU, Japan and the United States) for the period (1998-2013). The findings of present model are in agreement with (Alberto et al., 1996; Aisen...

It is worldwide held that there are many reasons causing shadow economy. It is also well known that shadow economy affects many sectors of the economy and it is difficult to be restricted without side-effects. The contribution of the present article is the introduction of a new shadow economy...

In this paper it is pointed out that tourism sector, apart from its contribution to economic growth, it also improves income distribution but only in the southern European countries. Further, it is shown that economic growth and crisis do not affect income distribution. Data are taken from...

In the present paper it will be shown econometrically that in Greece the growth of tourism sector does foster country's economic growth, but (although it decreases unemployment) it does not increase the share of the employment of the tertiary sector in the total volume of country's employment....

It will be shown that in Germany GDP growth is neutral regarding inter-regional differences in GDP per capita. However, economic crisis does worsen inter-regional differences in GDP per capita. In other words, some regions are more vulnerable to economic crisis than others. Data cover all...

In the present paper through an empirical analysis it will be pointed out that e-shopping improves income distribution, while economic and financial crisis worsen it. Data are taken from Eurostat. The elaboration of these panel data is made feasible by means of the Eviews software package