The economic crisis in Greece has affected almost all sectors of economy and the great majority of households. Its effects in trade and commerce activities are visible by the obvious transformation of down-town Athens city centre. This transformation includes a great number of closing business...

We study neighbourhood externalities caused by large public investments in poor neighbourhoods. A stylised theory of a linear city is proposed to guide interpretation of the magnitude and attenuation of the external effects generated by these public investments. We use a large Dutch nationwide...

In recent years the EU has intensified economic and institutional integration with its neighbouring countries, though with different intensity. Some countries have become EU members, some are candidate for membership and some others are part of the European Neighbouring Policy. In this scenario...

This paper describes the determinants of FDI location among Italian provinces, focusing on the role of market potential (in terms of market access to Mediterranean and European countries) and institutions (presence of Mafia-type crime, corruption of public officers, inefficiency of the labour...

New firms are important for creating employment opportunities and economic growth. Thus, regions often encourage policies to attract new firms. However, the determinants of new firm formation, such as human capital, personal income, infrastructure, and cultural diversity, are uneven across...

Knowledge based firms like IT companies do neither have a capital- nor a land intensive production. They predominantly rely on qualified labour and increasingly depend on the location of its (potential) employees. This would imply that firms follow its workers and not the other way around....

We reconcile conflicting evidence on the magnitude of the elasticity of substitution of land for capital, which is a key determinant of the relationship between the price of land and the density of land use. We first compare the performance of classic estimation approaches with a new estimation...

The success of ?entrepreneurial clusters' has led policymakers towards extensive efforts to seed local entrepreneurship. A particularly important determinant of the ?supply of entrepreneurs' are industry linkages within cities or regions. Indeed, studies consistently find that the most powerful...

This paper deals with the question whether firms' employment performance in the periods preceding their exit can be regarded as casting a 'Shadow of Death' on their final leaving the market. This aspect is of high relevance for politicians and other decision-makers, because by knowing more about...

This paper adds to the scarce cross-country evidence on FDI location decisions between the EU-15 Member States and the ten new Members that joined the European Union (EU) in 2004 and 2007 from the Central and East European Countries (CEECs). To capture the discrete nature of the location choice,...