In this paper, I examine the relationship between housing prices and transport improvements in case of tunnel in a locality in an extremely remote area of Iceland - a village far north called Siglufjörður. It have been documented that transportation improvements tend to influence housing...

In the light of new theoretical and empirical work on the Permanent Income Hypothesis we tackle earlier findings for German data, which reject its validity given a large fraction of liquidity constrained consumers. Starting from a standard short run approach we do not find evidence for excess...

The challenges posed by globalization have led to a rapid increase in the demand for higher education and, at the same time, many countries are earmarking more resources and efforts to foster their population's skills level and knowledge. Nowadays higher education is playing a crucial role in...

This paper investigates the impact of legal tradition and firm size on investment performance for firms in 16 European countries. Europe as a region is of special interest in this sense since the legal systems differs widely within a concentrated geographical area. Anglo Saxon, German, French as...

This paper investigates how family ownership, control and management affect firm investment performance. We use the identity of the CEO and the COB to establish under what management the firm is: founder, descendent or external management. The analysis shows that founder management has no effect...

This empirical paper wants to analyze determinants for regional differences in German unemployment rates using a spatial panel model. The analysis of regional differences is of particular interest in the German case due to its specific history. Twenty-two years after German reunification, there...

The paper attempts to identify with the help of a panel model the presence of common or divergent development patterns and some significant factors of competitiveness at national and regional level (mainly regarding investment and employment, overall and by main economic sectors). The results...

This study suggests a two-step approach to identifying and interpreting regional convergence clubs in Europe. The first step involves identifying the number and composition of clubs using a space-time panel data model for annual income growth rates in conjunction with Bayesian model comparison...

This paper provides new empirical evidence on the long-run efficiency of locally targeted tax incentives in revitalizing distressed areas. We focus on the first generation of the French "Enterprise Zone" (EZ) initiative, implemented in 1997 in continental France. This program provides tax...

The focus of this study is on integration processes in European R&D by analyzing the spatio-temporal dimension of three different R&D collaboration networks across Europe. These networks cover different types of knowledge creation, namely co-patent networks, project based R&D networks within the...