Performance-based maintenance contracts differ significantly from material and method-based contracts that have been traditionally used to maintain roads. Road agencies around the world have moved towards a performance-based contract approach because it offers several advantages like cost...

The introduction of market mechanisms regulating the economy in the Russian Federation has led to change of spatial distribution of economic activity and further increase of regional economic development disparities. All the approaches to the regional policy declared by the Government in the...

In order to observe the structural changes of the export specialization processes in Romanian regions, compared to the European Union (EU-27) during the 2000-2011, I used the regional and EU data pertaining to exports organized on sections of the Combined Nomenclature. The analysis involved,...

During the last fifteen years the competitive conditions under which Spanish banking firms operate have become much tighter. Deregulation has affected both banks and savings banks, allowing them to expand geographically and to choose a less regulation-conditioned output mix.This paper analyzes...

Recent labour market developments include an increase in labour market mismatches, in that high unemployment rates coexist with significant levels of vacancies. This pattern is particularly evident in the US economy, but is also significant within the European Union; it implies that the natural...

This paper aims to measure the degree of income mobility in Brazil in the 1987-2005 period. To achieve that, we consider the axiomatic mobility approach and the dynamic tool suggested by Aebi et al. (1999). The transition probability matrix calculations and the mobility index indicate that...

In order to observe the structural changes of the export specialization processes in Romanian regions, compared to the European Union (EU-27) during the 2000-2011, I used the regional and EU data pertaining to exports organized on sections of the Combined Nomenclature. The analysis involved,...

As part of Basel II's incremental risk charge (IRC) methodology, this paper summarizes our extensive investigations of constructing transition probability matrices (TPMs) for unsecuritized credit products in the trading book. The objective is to create monthly or quarterly TPMs with predefined...

With the coefficient matrices of the polynomial matrices replacing the scalar coefficients in the standard Sylvester matrix, common factors exist if and only if this (generalized) Sylvester matrix is singular and the coefficient matrices commute. If the coefficient matrices do not commute, a...

En este documento se presentan de forma breve los principales usos de las estadísticas de precios de consumo, prestando especial atención a la predicción de la inflación mediante modelos econométricos. También se realizan algunas propuestas de cara a aumentar la utilidad del índice de...