This paper provides empirical evidence on the determinants of firms’ R&D investment and innovation decisions by using an original sample of Spanish firms from all business sectors (industry and services). The sample is the result of a survey conducted in Spain in 2006-2007 and includes...

The purpose of this letter is to analyze the impact of economic integration when countries differ in their social security systems, more specifically in the degree of funding of their pensions, and in the regulation of the retirement age. Funding and mandatory early retirement are two features...

The shift-share analysis is a widely used decomposition technique in regional studies to quantify an industry-mix effect and a competitive effect on the growth of regional employment (or any other relevant variable) relative to the national average. This technique has always been subject to...

This study aims at analyzing the determinants of foreign direct investment inflows for a group of European regions. The originality of this approach lies in the use of disaggregated regional data. First, we develop a qualitative description of our database and discuss the importance of the...

The present paper aims at analyzing the sources of labor productivity in Europe at regional level. We study the productivity performance in a sample of twenty European regions belonging to four countries (France, Germany, Italy and Spain). Exploiting the increasing availability of disaggregated...

Recent empirical evidence shows that gross official capital transactions flow up- stream in the international financial markets due to government policy objectives and that they account for the current account surpluses observed in the last decade in the fast-growing emerging economies....

The purpose of this paper is to analyze the impact of economic integration when countries differ in their social security systems, more specifically in the degree of funding of their pensions, and in the flexibility in the retirement age. It then turns to the impact of ageing, namely the decline...

This paper examines the stationary state income level and income growth in an overlapping generations (OLG) model in which production uses three inputs: physical capital, human capital and land. The accumulation of human capital relies on parental funding of education and the past aggregate...

This study aims at analysing the determinants of foreign direct investment (FDI) inflows for a group of European regions. The originality of this approach lies in the use of disaggregated data by sector at regional level. First, we develop a qualitative description of our database and discuss...

The objective of this paper is to identify the role of memory in repeated contracts with moral hazard in financial intermediation. We use an original dataset from the European Bank for Reconstruction and Development to test a basic model with repeated moral hazard. To capture the role of memory,...