A one-to-one link is developed between overlapping sub-regional entities using geographical tools newly available to the Economic Research Community. The aim of this project is to create a database exploiting the geographical variation in publicly available data, in order to better control for...

From 2002–2004, the German government passed several laws that curtailed the generosity of the unemployment compensation system. One of the most ambitious changes was a considerable reduction in unemployment benefit entitlement lengths for older unemployed, which was effective during 2006 and...

Using a panel of 4223 Bulgarian, Czech, Polish, and Romanian firms, over the period 1998-2005, we show that financially constrained firms likely to face irreversibility constraints exhibit low and insignificant sensitivities of investment to cash flow. These firms typically use their cash flow...

Assuming linear demand and unit transportation cost, Head and Ries (2003, ‘Heterogeneity and the FDI versus export decision of Japanese manufacturers’, Journal of the Japanese and International Economies) conclude that the theoretical prediction of Helpman et al. (2004, ‘Export versus FDI...

This paper contributes to the literature by introducing the nexus between financial constraints and the capital-labour uptake and by considering the capital-labour ratio to overcome the problems that have plagued investment literature -regarding the investment-cash flow sensitivity of...