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scarring (J6) The psychological impact of past unemployment. It is measured by subjective well-being.<br /> <br /><em>Reference</em><br />Clark, A.E., Georgellis, Y and Sanfey, P. (2001) 'Scarring: the psychological impact of past unemployment', Economica 68: 221-41.
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first economy (P2)<br />A socialist economy following the dictates of the national plan. It consists of governmental agencies, state-owned firms, cooperatives and other officially registered institutions.<br /><em>See also:</em> second economy
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euro interbank offered rate (F3)<br />The interest rate at which euro interbank term deposits of the eurozone are offered by one prime bank to another.
coefficient of multiple correlation (CI ) A statistic which measures the extent to which changes in a dependent variable are explained by the joint variation in the independent variables chosen to explain it. It is the square root of the coEFFICIENT OF MULTIPLE DETERMINATION.
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