Weather data bases are important in optimizing a range of economic activities, such as maritime traffic. In this paper, a statistical analysis of data has been carried out, which includes the interpretation of the results with an emphasis on the analysis of consequences for local population. The...

We revisit the question whether U.S. fiscal policy in the pre-Volcker period was active or passive. To determine the policy stance, we estimate a DSGE model with monetary and fiscal policy interactions employing a sequential Monte Carlo algorithm (SMC) for posterior evaluation. In contrast to...

If firms borrow working capital to finance production, then nominal interest rates have a direct influence on inflation dynamics, which appears to be the case empirically. However, interest rates may only partly mirror the cost of working capital. In this paper we explore the role of bank...

We address the post-entry performance of new Portuguese firms by investigating the structural characteristics survival, using both non-parametric methods and semi-parametric methods, for the seven regions of Portugal (NUT II). We also provide a disaggregated analysis by sector and size class,...

Using firm level data on Italian and Turkish manufacturing industries we investigate the differences in survival patterns of foreign owned and domestic firms testing the hypothesis of foreign multinational enterprises (FMNEs) ?foot-loose? behavior (in line with seminal studies such as Görg and...

This paper deals with the performance of multinational enterprises (MNEs) during the recent financial crisis in the EU regions. According to the existing literature both foreign affiliates and local territories may benefit one from each other. There is a huge literature suggesting that FDI is...