This note aims to investigate the impact of the national lockdown adopted by the Italian government on hotel performance. For this purpose, a difference-in-differences (DID) methodology is employed to compare the performance of the hotel industry in Italy and Turkey during the post-treatment...

I study the identification of time preferences in dynamic discrete choice models. Time preferences play a crucial role in these models, as they affect inference and counterfactual analysis. Previous literature has shown that observed choice probabilities do not identify the exponential discount...

The New Economic Geography (NEG) provides a historical explanation for the spatial agglomeration of economic activity. One of its predictions, the ‘wage equation’, relates regional income to market accessibility. Although the NEG is a long-term theory, empirical literature has tested it...

The New Economic Geography (NEG) provides a historical explanation for the spatial agglomeration of economic activity. One of its predictions, the ‘wage equation’, relates regional income to market accessibility. Although the NEG is a long-term theory, empirical literature has tested it...

The New Economic Geography (NEG) provides a historical explanation for the spatial agglomeration of economic activity. One of its predictions, the ‘wage equation’, relates regional income to market accessibility. Although the NEG is a long-term theory, empirical literature has tested it...

Serbian: U radu se razmatra adekvatnost korišćenja vremenskih serija u stalnim cenama iz neke, „bazne”, godine kao „realnih” izraza odgovarajućih (ekonomskih) agregata. Teorijskom analizom pokazano je da na veličine ovih serija utiče ostvarena cenovna struktura iz date godine, što...

This paper adds to the existing body of research on the connection between renewable energy generation and financial market development. It does so by examining this relationship while differentiating between three types of financial market development: access, efficiency, and depth, and by...

This paper adopts a stochastic frontier approach to investigate the trend and determinants of total factor produc- tivity (TFP) growth in the agriculture sector of India, using extensive district-level data. The assessment of the production frontier highlights the efficiency aspect of Indian...

Economic growth requires growth of energy consumption. In the second half of the twentieth century energy consumption began to outgrow its production and the United States. Consequently, we observe growing dependence of the U.S. economy on energy imports which is causing political and economic...

The New Economic Geography (NEG) provides a historical explanation for the spatial agglomeration of economic activity. One of its predictions, the ‘wage equation’, relates regional income to market accessibility. Although the NEG is a long-term theory, empirical literature has tested it...