We model the interaction between the concentration of the banking sector and the investment strategies of imperfectly competitive firms in the product market to address the question of whether competition makes loan markets more fragile. It is shown how a merger between two duopoly banks would...

The liberalisation of agricultural trade is expected to become a key element of the agreement resulting from the WTO's Doha Round. The economic impacts of agricultural trade liberalisation are evaluated in this study using a global numerical general equilibrium model. A broad policy package...

The paper presents a discussion how firms rationally adjust the level of their recruitment effort in relation to the ease of filling the vacancy through public unemployment offices. This induces dependence between the durations in the two channels of recruitment. Multivariate models with random...

This paper analyses the productivity of public expenditures. It follows the branch of literature originated by Aschauer but has also some novel features. First of all, it focuses on the effect of both public investment and public consumption (investment part of public consumption) on private...

This study investigates the links between foreign firms and the public Science and Technology (S&T) institutions in Finland and the Netherlands. By estimating models on data from Community Innovation Surveys, we find for the Netherlands that foreign firms reveal a significantly lower probability...

This report describes the economical and institutional aspects and processes of the policy on Northern Dimension. By studying these issues the papers presented in workshop enlightened many problems which are faced up to in the policy implication of Northern Dimension. The current meaning of the...

This study demonstrates that a stochastic frontier approach applied to regional level data offers a convenient and interesting method to examine how regional differences in matching efficiency and structural factors contribute to aggregate unemployment. The study reveals notable and temporally...

This paper examines the EU development cooperation policy and the Lomé convention system. Development cooperation policy aims to achieve a socially and economically sustainable development in the poorest countries. In 1975 the European Community member states and a group of African, Caribbean...