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This paper analyzes volatility spillovers in multivariate GARCH-type models. We show that the cross-effects between the conditional variances determine the persistence of the transmitted volatility innovations. In particular, the influence of a foreign volatility innovation on a conditional...
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be a partner for a SME. Nevertheless, cooperation strategies among SMEs may present a viable alternative to successfully …
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In this paper we propose a new small area estimation methodology aimed at the estimation of Value Added, Labor Cost and related competitiveness indicators for subsets of the population of Italian small and medium sized manufacturing firms classified according to geographical region, industrial...
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An important issue facing policymakers is the degree to which fluctuations in economic activity affect employment in large and small businesses across sectors and regions. These issues are particularly relevant for developing countries, as they matter for the understanding of the labour market...
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This paper examines the relationship between economic growth and the Small and Medium Enterprise (SME) sector for a … importance of the SME sector size measured by the share of the SME employment in total employment, and the level of human capital … in the SME sector measured by the average years of schooling in SMEs. The exploratory spatial data analysis show strong …
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