In this paper we analyze the ability of an open economy version of the neoclassical model to account for the time-series evidence on fiscal policy transmission. In a first step, we identify government spending shocks within a vector autoregression model. We find that i) government spending...

An open economy version of the Baxter and King's [1993] model is constructed with habit formation to investigate the dynamic and steady-state effects of an expansionary budget policy. In line with empirical evidence, consumption is weakly responsive, investment is crowded out, the drop in...

One of the most prominent and consistent findings of the recent empirical literature on fiscal policy is that investment expenditure is crowded-out by public spending in the short-run. In this contribution, we address this empirical fact using a dynamic general equilibrium model and show that...

This paper investigates both the dynamic and steady-state effects of unanticipated permanent and temporary terms of trade shocks within a two-good small open economy with habit formation and capital adjustment costs. A permanent terms of trade worsening induces a deficit-surplus current account...

While there could be separate streams of established research on lean production, global supply chain and sustainable development, the idea is to address the intersection of these strategic initiatives. The aim of the mission is to explore the link between sustainable development, global supply...

The new awareness of the consumers regarding environmental issues should allow companies to gain a competitive advantage by obtaining eco-labels which certify the low impact of a product on the environment. Getting such label requires to analyse a product according to rules expressed in natural...

Since the Brundtland report in 1987, at the start of the series of United Nations Conferences on the Environment and Development, the world population has grown by more than it was in the time of Adam Smith. Oil consumption has increased by 40% and the trend is similar for other exhaustible...

In this paper, we question whether there is a catch-up effect or announcement effecting Foreign Direct Investment (FDI) from the European Union (EU) to the ten EU accession countries. We study FDI outflows for Romania, a small economy with few historical ties to Eastern Europe, and compare FDI...

In a context of climate change, increase in mobility and growing budgetary constraints, projects that fit with the pillars of sustainable development will be the only to be envisaged. This study aims to demonstrate to authorities the advantages of High Speed Rail as a comparison with other...

The contents and scope of Sustainable Development, as a model for the development towards which the international community wants to move forward, is the object of multiple interpretations. That way both, diagnosis of sustainability and the design, execution and assessment of actions aimed to...