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Spatial Determinants of Productivity: Analysis for the Regions of Great Britain

Rice, Patricia; Venables, Anthony J - C.E.P.R. Discussion Papers - 2004

This Paper uses NUTS3 sub-regional data for Great Britain to analyse the determinants of spatial variations in income and productivity. We decompose the spatial variation of earnings into a productivity effect and an occupational composition effect. For the former (but not the latter) we find a...

Persistent link: https://www.econbiz.de/10005792018

Price Clustering in the FX Market: A Disaggregate Analysis Using Central Bank Intervention

Fischer, Andreas M - C.E.P.R. Discussion Papers - 2004

Price clustering is a well-documented regularity of foreign exchange transactions. In this Paper, I present new … empirical evidence of price clustering for central bank interventions. A feature of the price clustering in Swiss National Bank … (SNB) transactions is market dependency. Evidence of clustering in the broker market is considerably smaller than in the …

Persistent link: https://www.econbiz.de/10005792324

Herd Effects and Migration

Epstein, Gil S; Hillman, Arye L. - C.E.P.R. Discussion Papers - 1998

In this paper we introduce the notion of herd effects or information cascades into models of migration-related phenomena. We consider individuals making sequential decisions regarding emigration. Each individual receives a signal which conveys private information regarding preferred locations...

Persistent link: https://www.econbiz.de/10005124353

Learning to be an Entrepreneur

Guiso, Luigi; Schivardi, Fabiano - C.E.P.R. Discussion Papers - 2005

Is entrepreneurial talent entirely innate or do people learn to become entrepreneurs? We extend Lucas's (1978) model of entrepreneurship to allow for the possibility that entrepreneurial talents may be acquired by watching other entrepreneurs in action. This model implies that areas with a...

Persistent link: https://www.econbiz.de/10005497788

Model-based Clustering of Multiple Time Series

Frühwirth-Schnatter, Sylvia; Kaufmann, Sylvia - C.E.P.R. Discussion Papers - 2004

We propose to use the attractiveness of pooling relatively short time series that display similar dynamics, but without restricting to pooling all into one group. We suggest estimating the appropriate grouping of time series simultaneously along with the group-specific model parameters. We cast...

Persistent link: https://www.econbiz.de/10005497905

Firms' Productivity Growth and R&D Spillovers: An Analysis of Alternative Technological Proximity Measures

Cincera, Michele - C.E.P.R. Discussion Papers - 2005

This paper aims at assessing the impact of R&D spillovers on firms’ economic performance as measured by productivity growth. The construction of R&D spillovers is based on Jaffe’s methodology (1986, 1988), which associates econometrics and data analysis. The main objective of the paper is to...

Persistent link: https://www.econbiz.de/10005498151

Timeliness, Trade and Agglomeration

Harrigan, James; Venables, Anthony J - C.E.P.R. Discussion Papers - 2004

demand and cost uncertainties are resolved. Using several related models we show that this can cause clustering of component …

Persistent link: https://www.econbiz.de/10005067441