This dissertation examines the key prediction of trade models à la Dixit-Stiglitz for the EU-27. Precisely, we test if regional market accessibility determines regional income differences in the enlarged European Union. We propose an empirical strategy that overcomes weaknesses of existing...

This paper investigates the effect of trade cost changes on the spatial productivity distribution in Korea. Data on gross value added and primary factors for 163 spatial units during 2000-2005 are assembled to estimate local TFP using a value-added function. In our application, we control for...

Incluye bibliografía ; En este trabajo documentamos la existencia de aglomeración geográfica de empresas exportadoras según el país de destino de las exportaciones utilizando microdatos de la Balanza de Pagos. En este sentido, encontramos que las empresas que venden a países con peores...

La relevancia de las economías de aglomeración tipo urbanización sobre múltiples variables y/o dinámicas económicas se encuentra ampliamente documentada en la literatura. Sin embargo, es difícil ofrecer una medida sintética del nivel de aglomeración urbana que alcanza un territorio. En...

This dissertation studies the relationship between exchange rate regimes and financing decisions of corporations in small open economies with access to international capital markets.The first essay develops a model of the choice between local and foreign currency debt by capital-constrained...

In this paper, we provide evidence on the nature and the relative importance of domestic and foreign shocks in Slovak economy based on block-restriction vector autoregression model in 1999-2007. We document well-functioning monetary transmission mechanism in Slovakia. Subject to various...

The first chapter analizes conditional assistance programs. They generate conflicting relationships between international financial institutions (IFIs) and member countries. The experience of IFIs with conditionality in the 1990s led them to allow countries more latitude in the design of their...

This thesis investigates the role of exchange rate in a small open economy policy framework. Focusing the analysis on the crisis-hit East-Asian countries, the main objective of this thesis is to investigate the necessity of the monetary authority to concern about the exchange rate stability by...