The paper aims at understanding the structural features of the bargaining coalition in the Doha Round of the WTO. We provide an empirical assessment of the preferences of each negotiating actor looking at general economics indicators, development levels, structure of the agriculural sectors, and...

The steady-state method of analysing long-run economic tendencies is inconsistent with accurate representation of the autonomous role played by aggregate demand in the growth process. This role implies long-run variability of capacity utilization, which is denied by assumption in steady-state...

This work provides some evidence for the italian regions that social capital, under a broad definition, can have a positive impact on development outcomes. Our empirical analysis includes measures of social capital related to the enforcement of formal norms, the extent of social networks, the...

We try to assest the role of household indebtedness and housing prices in the optimal design of monetary policy rules. Even though the relevance of liquidity constraints for consumption behavior has been well documented in the empirical and theoretical literature little attention has been given...

This paper studies the role of credit market development in an economy with credit frictions. I examine how the provision of credit in connection with collateral assets affects both economic performance and business cycle volatility. First, I analyse the macroeconomic implications of an...

In the present paper we will introduce a coecient of multivariate association i.e. association in a d-variate vector of observations x = (x1; : : : ; xd), where d 2 and where each xj is itself a vector of n observations. We order the observations, divide them in slices and count how many times...