This paper introduces a novel approach for dealing with the curse of dimensionality in thecase of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VARare proposed that are binding only in a limit as the number of endogenous variables tends toinfinity...

Microfoundations of the euro´s effect on euro area trade hinge on the timing, thespeed and the size of adjustment in trade costs. We estimate timing, speed and sizeof adjustment in trade costs for sectoral trade data. Our approach allows for sectorspecific impacts of trade costs on sectoral...

In this note we establish the existence of the first two moments of the asymptotic tracestatistic, which appears as weak limit of the likelihood ratio statistic for testing the cointe-gration rank in a vector autoregressive model and whose moments may be used to developpanel cointegration tests....

Die Agrar- und Ernährungsorganisation der Vereinten Nationen (FAO) hat jüngst die Öffentlichkeit alarmiert, weil die Reduzierung des auf dem Welternährungsgipfel 1996 formu-lierten ambitiösen Ziels, die Anzahl der mangelernährten Menschen auf der Welt zu halbieren, in sehr weite Ferne...

An importexceeds a "normal" level. This paper identifies various internal and external factors that can contribute to the emergence of agricultural import surges in developing countries and discusses their relevance. External factors play a rather minor role. Internal policies, whether carried...

The global hunger indices of 2008 and 2009 (Grebmer et al. 2008, 2009) point to persistently high levels of hunger and food insecurity and a worsening of the situation due to rising crop prices. At the same time, there is a lack of empirical knowledge on the demand- and supply-side determinants...

This paper proposes that the lack of a theoretical framework able to address policyissues on the firm as well as the industry level in an integrated manner contributes toa failure of developing effective e-commerce policies. Specifically, theoreticalapproaches fall into the two broad categories...

Entrepreneurship literature (Parker 2004) has rarely considered spatial locationas a micro-determinant of occupational choice, although there are compellingreasons to posit that spatial location influences economic behavior. Using Bayesiansemiparametric methodologies and geoadditive techniques,...

Empirical work on micro and small firms has focused on developed countries.The little work that exists on developing countries is all too often based on smallsamples taken from ad hoc questionnaires. The census data we analyze are fairlyrepresentative of the structure of small business in India....

We investigate the impact of changes in international trade and domestic transport costs on the internalgeography of a domestic economy linked to the rest of the World through a hub. We address that issue bydeveloping two three regions model, namely a version of the Footlose Entrepreneur and a...