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Using variance decompositions in vector auto-regressions (VARs) we model a high-dimensional network of European CDS spreads to assess the transmission of credit risk to the non-financial corporate sector. Our findings suggest a sectoral clustering in the CDS network, where financial institutions...
Persistent link: https://www.econbiz.de/10012317318
knowledge spillovers in Europe have normally focused on localized effects, either on total factor productivity or knowledge … knowl-edge spillovers in Europe by means of meta-analysis. Our aim is to determine the extent to which such spillovers have … kilometers or minutes (instead of a binary contiguity matrix) then the spillover effect will on average be larger. Also, public R …
Persistent link: https://www.econbiz.de/10011513870
The main aim of this paper is to exam the local dimension of the university and industry linkages. It is widely recognized in the literature that academic research is an important source of new knowledge to the innovative efforts of the firms. Many authors, such as Audrescht and Feldman (1996),...
Persistent link: https://www.econbiz.de/10011544702
evidence of convergence among regions over the study period. By contrast, we detect a regional cluster in the core of Europe …
Persistent link: https://www.econbiz.de/10011483641
Persistent link: https://www.econbiz.de/10011581773
We develop an empirical approach to examine static and dynamic knowledge externalities in the context of a regional total factor productivity relationship. Static externalities refer to current period scale or industry-size effects which have been labeled localization externalities or...
Persistent link: https://www.econbiz.de/10011555818
The economic convergence among European regions over the period 1980-2006 is analysed in the first place by using a conditional β-convergence model and a distance-based weight matrix and secondarily by a spatially-conditioned stochastic kernel approach. A Spatial Autoregressive model which...
Persistent link: https://www.econbiz.de/10011535867
Numerous studies have focused on the role of EU regional policy in fostering growth and convergence among European regions, why conducting another one? We argue that two facts are still lacking in the actual academic debate in order to get a sound empirical identification strategy and reliable...
Persistent link: https://www.econbiz.de/10011536563
per cent of the EU citizens are poor (based on monetary concept). Using Europe 2020 strategy indicator people at risk of …
Persistent link: https://www.econbiz.de/10011515562
The recent growth in foreign direct investment (FDI) has led to a proliferation of scholarly efforts to analyse the various dimensions of this phenomenon. Two main streams of research have emerged in the literature. The first analyses the economic effects of FDI inflows in the economy of the...
Persistent link: https://www.econbiz.de/10011867027