New and old products differ in two respects: quality and newness. Whereas a higher quality of a new product always benefits consumers, the newness itself benefits some consumers, but not others, and for some, it is even a disadvantage. We capture these features in a Hotelling model of Over-...

The empirical analysis of firm growth is a classical field in industrial economics. Insights into the determinants of firm growth are particularly interesting for mature markets. A typical example of a mature market is the lodging industry in high-income countries, characterised by a high degree...

This paper proposes a fixed-effect panel methodology that enables us to simultaneously take into account both TFP convergence and the traditional neoclassical-type of convergence. We analyse a sample of 199 European regions between 1985 and 2006 and find the absence of an overall process of TFP...

The 2001 White Paper and its development in the 3rd European Road Safety Action Program, represent a turning point in the history of the European Road Safety Policy. The possible determinants of the road mortality in the EU over (2000-2009) are examined using a panel data. Our main finding is...

The paper studies the nature of spillover effects in bank lending flows from advanced to the emerging markets and identifies specific channels through which such effects occur. Based on a gravity approach, we examine a panel data set on cross-border bank flows from 17 BIS reporting advanced...

This paper employs a wage-setting approach to analyze the labor market effects of immigration into Germany. The wage-setting framework relies on the assumption that wages tend to decline with rising unemployment, albeit imperfectly. This enables us to consider labor market rigidities, which are...

This paper tests the visa-led tourism hypothesis (VTH) which contends that easing of visa restrictions increases international tourism. Israel acts as a natural laboratory in this case with clear before and after junctures in visa restrictions. We use panel data on tourism to Israel from 60...

This study examines the effect of the Everything But Arms (EBA) trade preferences regime on exports from African, Caribbean and Pacific (ACP) Least Developed Countries (LDCs) to the European Union (EU). With this aim, an augmented gravity model is estimated for exports from the 79 ACP countries...

Recently, Conditional Cash Transfer Programs (CCT) became increasingly popular in developing countries due to their positive outcomes on health and education. In this paper, we are particularly interested in testing if children participating in CCT (treated) in conflict affected regions benefit...