Regardless of the reasons leading to its formation, it is widely accepted that geographical concentration of economic activity triggers increases in productivity. However, there are almost no studies that analyze the relationship between geographical concentration and economic growth. Moreover,...

Mississippi constitutes an interesting case study for analyzing the income convergence process because of several characteristics, such as the fairly large number of counties, its relative homogeneous economy and its low percapita income compared with the rest of the U.S. This study analyzes the...

Based on an original database, this paper provides an empirical study of Tsarist bond prices reactions after their repudiation by the Soviets. For the two years following the repudiation two striking features of a representative Tsarist bond traded in Paris are highlighted: first, the price...

We analyze the effects of ownership type and concentration on performance of a population of firms in a model large-scale privatization economy. Using specifications based on first-differences and unique instrumental variables, we find that few types of private ownership improve dynamic...

The study of the territorial/regional development in Spain has nowadays a relatively long tradition, but from the point of view of cities development the number of studies and documents decreases drastically. This paper tries to improve the knowledge of the Spanish urban system. The aim of this...

An exogenous impact function is defined as the derivative of a structural function with respect to an endogenous variable, other variables, including unobservable variables held fixed. Unobservable variables are fixed at specific quantiles of their marginal distributions. Exogenous impact...