We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...

In this article we present an econometric analysis of the relationship between several indicators of economic development and wellbeing in Europe, the United States and Canada. We calculate a compound index of several indicators based on three groups: 1) Life satisfaction and income per capita,...

The paper is an analysis based on statistical indicators for three European economies with highly developed tourism sectors. France, Italy and Spain are models of growth and development through tourism, which is possible due to their cultural, historical and artistic richness. Although they are...

This paper investigates the cross-section growth preformance of 107 European Regions from 1970 to 1990. While previous work has traditionally focused on the cross-section or the time series dimension of the data, this study uses a more general approach based on Markov chains. The observed...

For over 60 years conspicuous sums of money have been diverted to southern Italian regions. Nonetheless the positive effect of the so called extraordinary intervention has been limited. The south continues to be characterized by stagnant economies with high unemployment rates and rather low...

In the last years, and particularly since the publication of the famous Barca Report (Barca, 2009), the European Union (EU) is starting to acknowledge the importance of spatially targeted regional policies and to understand how crucial a territorial approach can be in order to achieve desirable...

Do regional identities determine different levels of FDI-induced growth? This paper analyses the impact of FDI on the growth rates of European regions. In so doing, it discusses the role of different components of territorial capital in magnifying or daunting such an impact. The paper starts...

Over the last decade and a half, the Smart Growth movement has matured in Canada. Early efforts to raise awareness on the need to better manage urban growth gave way to smart growth plans and policies adopted by municipal, regional and provincial governments. More recently, attention has shifted...

The socio-economic mosaic of urban neighbourhoods changes under the influence of three distinctive distributional processes: reordering of the socio-economic position of urban neighbourhoods; changing levels of inequality between neighbourhoods; and an overall growth or decline in income levels...