This paper presents a counter-factual model identifying Average Treatment Effects (ATEs) by Conditional Mean Independence when externality (or neighbourhood) effects are incorporated within the traditional potential outcome model. As such, it tries to generalize the usual approach, widely used...

Many regression models are used to provide some recommendations in private sectors or government public policy. Data are usually obtained from several districts which may varies from one to the others. Assuming there is no significant variation among local data, a single global model may provide...

This work refers to analyses of matching processes on occupational labour markets in Germany. Up to now, all studies in this field are based on the crucial assumption of separate occupational labour markets. I outlined some theoretical considerations that occupational markets are probably not...

I investigate the impact of parental unemployment on children's educational attainment and long-run labor market outcomes in Austria. I find that parental unemployment shortly before an important educational decision by parents for their children lowers a child's probability of holding a...

Within the COASTAL project (Collaborative Land-Sea Integration Platform), funded by GA 773782, through Horizon 2020, six different coastal regions in Europe are analyzed, in order to study the synergy between rural and maritime economic activities, in order to generate policies and solutions for...

This paper proposes a general statistical framework for systemic financial stress indexes. Several existing index designs can be represented as special cases. We introduce a daily variant of the ECB's CISS for the euro area and the US. The CISS aggregates a representative set of stress...

Focusing on the characteristics of destinations, this paper pursues to identify the role of spatial spillovers in driving location choices of manufacturing and services' firms. With this objective a spatial conditional logit framework is defined, allowing for neighbourhood-related spatial...

Local amenities are an important factor in the location choice of households. Heterogeneity in preferences of households tends to sort households over different locations which satisfy best their preferences given their constraints. In this paper, we analyze the effect of cultural heritage on...

Early, the convergence theory was suggestively expressed in the Solow model. This can be shown in line with the fact that while economic development is advancing (expressed by the income per capita growth), on long run there is a general convergence process among countries. Generally, empirical...

Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to comparative advantage, expanding the industries that do...