There is an ongoing debate on whether certain sector structures enhance regional employment growth. Often, regional policies promote clusters and, hence, regional specialisation. It is commonly believed that clusters boost regional economic performance. However, in the present manuscript a...

It is well known that volatility is time-varying and clustered. However, few studies have explored the information content of volatility clustering and its implications for investors’ risk aversion. This information is particularly important in turbulent periods, such as financial crisis. We...

Inequalities between workers of different skills have been growing in the era of globalization. Firms' internationalization mode has an impact on job stability. Exporting firms are not only exposed to different foreign shocks, they also pay skill-intensive fixed costs to serve foreign markets....