According to Kaldor (1970), regional growth patterns arise from a cumulative causation process as broadly combining two substantial mechanisms i.e. a productivity regime, known as the “Kaldor-Verdoorn” law, and a demand regime due to the expansion of exportations. This paper attempts to...

This paper examines the causal relationship between combustible renewables and waste consumption, exports and economic growth for a panel of eleven Middle East and North Africa (MENA) countries for the period 1975-2008. We use the Granger causality and the vector error correction model (VECM) to...

This paper analyzes multifactor models in the presence of a large number of potential observable risk factors and unobservable common and group-specific pervasive factors. We show how relevant observable factors can be found from a large given set and how to determine the number of common and...

Standard stochastic frontier models estimate log-linear specifications of production technology, represented mostly by production, cost, profit, revenue, and distance frontiers. We develop a methodology for stochastic frontier models of count data allowing for technological and inefficiency...

In cfa franc zone, the exchange rate was devalued, in January 1994, in order to deal with the major macroeconomic imbalances that have affected the members during the 1980 decade. Thus, the aim of this paper is to assess the degree of over/undervaluation (namely real exchange rate misalignment)...

This paper aims at evaluating and comparing across European countries the influence of early-life circumstances, like childhood disparities and educational attainments, on incomes in later life. Using life-history data from SHARELIFE, country-specific structural relationships among childhood...

This paper considers the maximum likelihood estimation of the panel data models with interactive effects. Motivated in economics and other social sciences, a notable feature of the model is that the explanatory variables are correlated with the unobserved effects. The usual within-group...

The objective of this article is to analyze the impact of capital structure on profitability. This impact can be explained by three essential theories: signaling theory, tax theory and the agency costs theory. From a sample of 9136 firms distributed on seven sectors taken over the period...

In the panel conditionally homogenous vectorautoregressive model, the cross-sectional units' dynamics are generally heterogenous, but homogenous if units share the same structural characteristics. The panel conditionally homogenous vectorautoregressive model thus allows (i) to account for...

This study examines the socioeconomic and deterrence determinants of crime in Argentina for different typologies of property crimes and crimes against person. We employ a panel of Argentinean regions over the years 2000-2008. Our econometric methodology follows GMM estimator commonly applied for...