conditional variances determine the persistence of the transmitted volatility innovations. In particular, the influence of a …

regional disparities: first, there is a remarkable persistence in the relative positions of the provinces along the whole … period under analysis; second, this persistence is mainly due to the fact that the high levels of income per capita in some …

Koster, 2011) have shown that regional start-up rates tend to show a relatively high level of persistence and path dependency … over periods of 10-15 years. One main reason for this high level of persistence observed could be that the region … conditions of the economic environment such as wars and drastic changes of the political regime. We analyze the persistence of …