The use of bivariate cointegrated vector autoregressive models and Baba-Engle-Kraft-Kroner models ( Engle et al. 1995), is proposed for the selection of a stock portfolio (Markowitz type portfolio) based on estimates of average returns on shares and the volatility of share prices. The model put...

In this paper Object-Oriented Bayesian networks are proposed as a tool to model measurement errors in a categorical variable due to respondent. A mixed measurement error model is presented and an Object-Oriented Bayesian network implementing such a model is introduced. The insertion of evidence...

Non-Metric Partial Least Squares Path Modeling is a recent methodology based on the concept of Optimal Scaling applied to PLS Path Modeling algorithms. We adopted Non-Metric PLS Path Modeling to analyse a large administrative dataset containing nominal and ordinal variables using a specialized R...

This paper presents a simple Overlapping Generation Model (OLG), aug-mented with Prospect Theory elements in the spirit of al-Nowaihi and Dhami (2007). Themodel tackle several open questions in the analysis of tax evasion and compliance decisions. In particular, the paper presents a new and...

This paper addresses the following research questions: i) are firms characterized by international linkages more productive than other firms? ii) are those belonging to industries more involved in GVCs even more productive? To this end, we combine the WB Enterprise Survey dataset with the new...

We study the e¤ects of underground activities on labour market dynamics in a RBC model with search frictions in the labor market, bargained wage and quadratic hiring costs. Underground activities, which allow agents to (partially) evade taxes, are modelled through a moonlighting production...

We introduce some elements of Prospect Theory into a general equilibrium model with monopolistic competition in the good market and real wage rigidities due to (right to manage or efficient) wage bargaining, or to efficiency wages. We show that, under these types of labor market frictions, an...

The capacity of the Regional Policy of the European Union (EU) to reduce the gap between the core and the periphery of the Union is still controversial. This paper revisits the question by exploiting treatment effect methods with a spatial approach never previ ously applied to the analysis of...

Bayesian networks are multivariate statistical models using a directed acyclic graph to represent statistical dependencies among variables. When dealing with Bayesian Networks it is common to assume that all the variables are discrete. This is not often the case in many real contexts where also...

Pushed by the spirit of the “Megàli Idèa” (the Great Idea), Greece launched a military offensive against Turkey in the attempt to incorporate the Western coastal territories of Asia Minor occupied for centuries by “Greek” communities. This military undertaking resulted in the...