Almost 30 years after German reunification, a persistent gap in different firm performance measures exists between East and West Germany. In this paper I focus on the differences in new German manufacturing plants' location choices across the German district-free cities and districts and...

This study basically focuses on the analysis of the net effect of the government R&D support program on the local firms' technology development and its performance. And then it examines whether and how much R&D raises the effects of local firms' technology development and its performance. It...

Social welfare is a major issue in both developing and developed countries, including Korea. Political parties are especially struggling with the choice between universal or selective welfare but hardly any clear guidelines exist. This paper reviews universal versus selective welfare concepts...

Private equity companies have become a major force in the economic landscape. Financial- and operational-engineering are innovative characteristics of this emerging method of finance. The existing empirical data provide strong evidence that private equity activity contribute positively to the...

While the question of the specification of spatial weight matrix is now largely discussed in the spatial econometrics literature, the definition of distance has attracted less attention. The choice of the distance measure is often glossed over, with the ultimate use of the Euclidean distance....

This paper adds to the scarce cross-country evidence on FDI location decisions between the EU-15 Member States and the ten new Members that joined the European Union (EU) in 2004 and 2007 from the Central and East European Countries (CEECs). To capture the discrete nature of the location choice,...

Over the last decade, low economic growth rates resulted in intensified competition between nations, regions, and towns in trying to attract new firms and inhabitants. In particular, the establishment of new firms has become one of the most vital objectives of governments and public authorities...

The welfare of the elderly becomes one of the emerging problems in Asia, whose baby boomers are about to become the elderly. Few studies, however, have addressed their "potential Need" for social welfare that is expected to rapidly rise soon after retirement. The potential need of these...

This paper analyses the determinants of growth of American cities, understood as growth of the population or of per capita income, from 1990 to 2000. This empirical analysis uses data from all cities with more than 25,000 inhabitants in the year 2000 (1154 cities). The results show that while a...

The aim of this study is focus on the role of positive and negative monetary incentives in stimulating infra and inter-regional mobility in UK (through commuting behavior). We consider a simple theoretical model and develop an empirical application using data from the Quarterly Labour Force...