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function under commitment. We consider two alternative specifications for the loss function. The first specification includes … we are faced with the time-inconsistency problem under commitment, we initialize our estimates by considering a presample …
Persistent link: https://www.econbiz.de/10011610240
The research project WWWforEurope undertakes to lie the theoretical and empirical foundations for the embarkment on a new socio-ecological growth path in Europe. The new path underlines the need to guarantee Welfare as a broad universal principle for its population, assuring economic and social...
Persistent link: https://www.econbiz.de/10010431693
The extended period of limited growth experienced until recently in many European countries raises the issue as to which policies could be most effective in improving their economic performance. This paper argues that further financial sector reforms may be a valuable complement to ongoing...
Persistent link: https://www.econbiz.de/10013316887
The extended period of limited growth experienced until recently in many European countries raises the issue as to which policies could be most effective in improving their economic performance. This paper argues that further financial sector reforms may be a valuable complement to ongoing...
Persistent link: https://www.econbiz.de/10011639667
In this paper, we examine the impact of institutional quality on the returns on key drivers of economic growth in 230 European Union (EU) NUTS-2 regions from 2009 to 2017. To estimate region-specific elasticities, we employ a latent class modelling approach, considering the quality of government...
Persistent link: https://www.econbiz.de/10014336610
The objective of the PICK-ME (Policy Incentives for Creation of Knowledge - Methods and Evidence) research project is to provide theoretical and empirical perspectives on innovation which give a greater role to the demand-side aspect of innovation. The main question is how can policy make...
Persistent link: https://www.econbiz.de/10010239908
The objective of the PICK-ME (Policy Incentives for Creation of Knowledge -- Methods and Evidence) research project is to provide theoretical and empirical perspectives on innovation which give a greater role to the demand-side aspect of innovation. The main question is how can policy make...
Persistent link: https://www.econbiz.de/10013058931
In this article we investigate the determinants of the innovation-friendly environment in Europe inthe period 2000-2019. We use data from the European Innovation Scoreboard of the EuropeanCommission for 36 countries. Data are analyzed using dynamic panel data at 1 stage, panel data with fixed...
Persistent link: https://www.econbiz.de/10013211263