This paper investigates the relationship between volatility and economic growth in the European regions over the period 1995-2008. To that end, we estimate a two-way fixed effects panel data model using spatial econometric techniques that allow us to incorporate into the analysis the relevance...

This paper aims at decomposing the forecast error variance of excess returns in five major European stock markets into the variance of news about future excess returns, dividends and real interest rates. Special emphasis is given on the issue of stationarity and structural breaks in the...

This paper explains the pattern and determinants of economic growth of major Indian states during the period of 1960-2008. Particularly, the study analyses the growth pattern of Tamil Nadu and also intra-state growth pattern. The inter-state and intra-state differentials are analyzed with the...

Regional employment volatility is an undesirable phenomenon which describes a strongly fluctuating pattern of employment, thus, "instability" of a local economy. In the literature on this field, much of the attention has been paid to two main issues. First, a group studies has investigated the...

We assess whether a group of eight Asia-Pacific securitized real estate markets display similar volatility trend over the past 15 years, 1995-2009, using an econometric model that incorporates common volatility effects across the sample markets. The empirical results indicate the presence of at...