The main aim of this study is to evaluate the nature and the dynamics of agglomeration forces inside specific network structures like industrial districts. Firms seem to be attracted in these locations by the opportunity of exploiting the advantages of an inter-firm coordinating structure. This...

In this paper, we analyse the geographic concentration of economic activities within the framework of a two countries and four regions model. Trade both between regions and countries entails transport costs which are differentiated according to the interregional or international nature of the...

This paper studies the different mechanisms and the dynamics through which demography is channelled to the economy. We analyze the role of demographic changes in the economic development process by studying the transitional and the long-run impact of both the rate of population growth and the...

This paper aims at investigating relationships between inflation and macroeconomic fluctuations. The theoretical debate associated to this question is important: Whereas the Keynesian expect a countercyclical behavior of inflation, Real Business Cycles theorists, stressing on the supply side,...

L’introduction des profits dans les fonctions d’investissement s’inscrit dans le cadre du retour de l’argument empirique sur les spécifications proposées par Jorgenson. Selon la théorie de la profitabilité les entreprises ont une demande d’investissement croissante avec le rapport...

Une grande partie des politiques de développement repose sur l'envoi de transferts aux économies connaissant des difficultés de développement. Si ces aides semblent favorables au bien être des agents, leurs effets sur la croissance de long terme des économies restent ambigus ou parfois...

This article proposes to insert a bank capital channel (BCC) in the theoretical framework proposed by Bernanke et al. (1999) (BGG), in order 1) to evaluate the mean features of the BCC and 2) to assess the benefits of a countercyclical prudential measure. In a costly state verification...

The paper introduces a two-factor model of the common leading and coincident economic indicators. Both factors are unobserved and each of them captures the dynamics of a corresponding group of the observed time series. The common leading factor is assumed to Granger-cause the common coincident...

Composite economic indicator is a very useful tool designed to trace and predict the business cycle conditions. In this paper we study possible extensions of this approach intended to cope with the potential data problems caused by various structural breaks affecting both level and volatility of...

The analysis and prediction of the short-run economic dynamics, or the evolution of the business cycle, often require a construction of the composite economic indicator (CEI). This indicator may be endowed with nonlinear dynamics to take care of the possible asymmetries between different phases...