This study proposes a comparative analysis at regional level, of concentration level of expenditure co-financed by the Structural Funds in the programming period 2007/13. For main types of expenditure, we evaluate by the concentration index of Herfindahl-Hirschman the level of concentration of...

The increasing evidence on climate change effects and loss of biodiversity highlights the need to integrate economic decision-making with environmental accounting. Using integrated economic modelling allows gathering evidence of the consequences of those economic choices that exploit natural...

This paper investigates the effect of real assets as collateral on the economy. I construct a model that shows how credit rationing is mitigated by the existence of bad firms whether it is linked to the value of distressed assets. Indeed, when loans are collateralized and firms are credit...

Public support to firms has been a traditional and important industrial policy measure in many countries for several decades. One of the reasons for public intervention is the existence of market failures or imperfections. Informational asymmetries between borrowers and lenders of funds in...

The paper is devoted to developing quantitative foresights on the three integrated scenarios presented in the previous chapter. In particular, a short summary of the methodological aspects of quantitative foresights is provided; and, especially, the empirical results obtained at regional and...

Public support to firms has been a traditional and important industrial policy measure in many countries for several decades. One of the reasons for public intervention is the existence of market failures or imperfections. Informational asymmetries between borrowers and lenders of funds in...

This paper investigates empirically the role of real assets in credit rationing. When loans are collateralized, the amount borrowed is determined by the value of collateral. This happens because in a context of asymmetric information banks use real assets as a guarantee in the case of project's...