Unlike the time series literature the spatial econometric literature has not really dealt with the issue of the parameter space. This paper shows that current parameter space concepts for spatial econometric DGPs are inadequate. It proves that the parameter space proposed by Kelejian and Prucha...

Numerous studies have focused on the role of EU regional policy in fostering growth and convergence among European regions, why conducting another one? We argue that two facts are still lacking in the actual academic debate in order to get a sound empirical identification strategy and reliable...

Renewable energy promotion has been one of the key driving forces of the world’s climate change mitigation strategy. Policymakers have argued that the transition towards a low-carbon energy system has sound economic and social reasoning, since generates economic growth and employment. This...

This article examines the evidences of moral hazard and the determinants of risk-taking among 500 banks in Central Europe, the Baltic, and Balkan region. We analyze moral hazard incentives and investigate which factors impact the risk profile of the banks in empirical relationships between...

Calls for more frequent application of the second-generation statistical methods such as structural equation modeling (SEM) have emerged in the field of management accounting recently. The aim of this article is to compare these statistical methods to the first-generation methods using the...