We document the main cyclical features of the trade balance and the terms of trade in European Union as a whole and in the four "Cohesion Countries", in particular. S-curve describes also well the dynamic effect of terms of trade on the trade balance in these set of countries. We use the Backus,...

In this work we compare the undergraduate Economics majors and their underlying structure in the top-ranked Economics departments of Europe and the United States. We identify the fundamental courses usually included in an Economics major by means of a cluster analysis. We further distinguish...

We present the business cycles results of European Union Countries in terms of volatility, persistence and cross country correlation. The results are in line with business cycles stylized facts and show a high degree of cross country correlation between member countries, although the...

In this paper, we develop a specific method to approach the competitive capabilities of regions for which there are not commercial and specialization indicators available. This method bases on the construction of composite indicators, using multivariate statistical methods, and was applied to...