A firm’s choice of location is very important because it reveals the firm’s dynamics. Using a unique firm-level data set, we examine whether and how the presence of incumbent transaction partners (i.e., suppliers, customers, and lender banks) affects this choice. To this end, we focus on...

Abstract. The credit market collapse and housing-led economic recession beginning in 2007-2008 have resulted in several million distressed homes in the U.S. that are in various stages of delinquency, default, and foreclosure. Over the past three to four years, a number of private equity...

The boom and bust in housing during the 2000s has led to renewed interest in the boom and bust in housing between 1920 and 1940. The most commonly used housing value series for this period is reported by Robert Shiller in Irrational Exuberance. We investigate the changes in housing values in...

An optimal taxation approach is employed to discuss the interaction between factor and commodity taxes for a small open economy when both profit-earning firms and domestic consumers are imperfectly mobile internationally. In this framework, we demonstrate two main results: first, a...

This paper analyzes, in a linear market with two adjacent countries, how firm location and optimal plant size depend on differences in the quality of infrastructures and income levels between countries. The study considers also how a free trade agreement may change, in this context where...

During last years, a central issue of theory debate and economicpolicy is clearly manufacture clusters and the local capabilities which take part,promote and condition its competitiveness. This article analyzes two local experiencesin Argentina —the Agricultural Machinery District and Las...

En este artículo se presenta un diseño metodológico para obtener, para el conjunto de las Comunidades Autónomas en España, indicadores sobre la demografía empresarial a nivel sectorial, desagregando tanto en función del tamaño empresarial, como según la condición jurídica de las...

In this work we construct a database of regional technological capital, with the maximun disaggregation compatible with Official Regional Accounts of Spain. In addition, we analyze the goodness of these series and their performance in the estimation of regional aggregate production functions. In...

The existence of restrictions for small- and medium-sized enterprises(SMEs) to access long-term credit has led governments to establish institutionalsystems to facilitate such access and reduce the cost of credit, with the conditionthat its feasibility is justified (and assessed) and there are...

Cluster analysis has become a popular instrument in determining the innovativeness and competitive power of national and regional economies. A wide variety of methods have been employed by researchers to identify the key industrial clusters in a regional economy. This paper reports the results...