The European and Asian financial crises are the two most recent major regional crises. This paper compares their origins and evolution. The origins of the two sets of crises were different in some respects, but broadly similar. The two sets of crises also shared similarities in their evolution,...

Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in Europe. We find that (i) larger firms are less efficient than smaller firms, (ii) greater leverage contributes to corporate efficiency, and (iii) high competition is less...

This study specifies and applies a gravity model to provide empirical evidence on determinants of emigration from Turkey to 31 destination European countries over the period between 1960 and 2013. Results under alternative estimation strategies show that economic, demographic and cultural...