This paper analyses the location choice of German investors in the Czech Republic based on a unique dataset covering all Czech companies with a German equity holder in 2010. The identification of the regional determinants of foreign direct investment (FDI) location is an important regional...

The optimal investment to mitigate climate change crucially depends on the discount rate used to evaluate the investment’s uncertain future benefits. The appropriate discount rate is a function of the horizon over which these benefits accrue and the riskiness of the investment. In this paper,...

Due to the reduction of the transportation cost, the retailers become to be able to deal with many kinds of goods and to increase the number of items stocked at the stores. Corresponding to the increase of items stocked at stores, the customers tend to increase to visit the retailer that...

New firms are important for creating employment opportunities and economic growth. Thus, regions often encourage policies to attract new firms. However, the determinants of new firm formation, such as human capital, personal income, infrastructure, and cultural diversity, are uneven across...

Knowledge based firms like IT companies do neither have a capital- nor a land intensive production. They predominantly rely on qualified labour and increasingly depend on the location of its (potential) employees. This would imply that firms follow its workers and not the other way around....

In Turkey, after the 1999 Gölcük Earthquake, urban redevelopment has been seen as a major solution for the removal or rehabilitation of low quality urban settlements. Several laws and bylaws have been passed to this end. One of the major task of this transformation and/or redevelopment is to...

We study neighbourhood externalities caused by large public investments in poor neighbourhoods. A stylised theory of a linear city is proposed to guide interpretation of the magnitude and attenuation of the external effects generated by these public investments. We use a large Dutch nationwide...

The economic crisis in Greece has affected almost all sectors of economy and the great majority of households. Its effects in trade and commerce activities are visible by the obvious transformation of down-town Athens city centre. This transformation includes a great number of closing business...

This paper describes the determinants of FDI location among Italian provinces, focusing on the role of market potential (in terms of market access to Mediterranean and European countries) and institutions (presence of Mafia-type crime, corruption of public officers, inefficiency of the labour...

This paper analyzes effects of the corporation tax rates of countries on firms' location selections using the transfer pricing system. Reduction of transportation costs makes firms' production activities expand to across international borders. This expansion incurs harsh price competition among...