This paper investigates if the imbalances in the Baltic residential real estate markets that were mounting up prior the crisis of 2008-2009 could have been detected in real time. It develops an empirical framework comprised of various empirical techniques for assessing housing price...

Recent research has shown that macroeconomic uncertainty is a significant factor that is contemporaneously incorporated into asset returns. Therefore, it should not have a role in predicting future returns. At the same time, separate research has demonstrated that illiquidity is related to...

Using machine learning methods in a quasi-experimental setting, I study the heterogeneous effects of introducing waste prices - unit prices on household unsorted waste disposal - on waste demands and social welfare. First, using a unique panel of Italian municipalities with large variation in...

Our analysis of the survival of firms leads to the important result that the hypotheses about differences between various industries in the life duration of new firms and about the importance of the region of location for the probability of survival are confirmed. Many more enterprises are...

This paper investigates the links between locational conditions, innovative capabilities and internationalization of manufacturing SMEs. Two modes of foreign market servicing are explored: exporting activity and relocating of selected business activities abroad. The empirical analysis employs...

Following the model-based approach of Ellison and Glaeser (1997), we develop a framework to test for the link between concentration, spatial clustering and the size of plants. Concentration is an a-spatial concept of variability that can be measured with the standard locational Gini or the more...

Using a matched employer-employee database for Italy we look at the spatial distribution of wages across provinces. This rich database allows us to contribute at opening the black box of agglomeration economies exploiting the micro dimension of the interaction among economic agents, both...

In this paper I investigate the relocation decision of manufacturing plants in the German economy. The relocation decision involves whether a plant moves its location from one region to another over a time period or whether it stays in the same region. To analyze the relocation of plants, I...

This paper assesses the impact on neighborhood population dynamics of a major urban renewal policy implemented in Catalonia (Spain) between 2004 and 2010. Some of the most deprived neighborhoods in the region received large investments in their public spaces and facilities with the aim of...