The aim of the article is to propose a new measure of a relative economic distance between two countries (RED) or among a group of countries (GRED). Both measures enable to evaluate ´proximity´ between national economies through time series of selected variables, and are related to the concept...

The vast numbers of studies have been undertaken in order to detect the influence of social and biological factors on pregnancy outcome, though none of them described the causal framework of the delivery cost. The structure of the delivery expenditure can be viewed as a complex mechanism where...

This paper surveys the empirical literature on human capital and productivity and summarizes the results of my own work on the subject. On balance, the available evidence suggests that investment in education has a positive, significant and sizable effect on productivity growth.According to my...

124 Regional Trade Agreements were notified to the GATT during the period 1948-1994. Since 1995, over 130 agreements have been notified to the WTO. Using empirical evidence, this paper proposes a way of measuring levels of regional integration and examines several potential explanations for the...

Appliquée à l’aire métropolitaine transfrontalière luxembourgeoise, l’analyse du système de mobilité locale, réunissant les interactions entre les déplacements quotidiens et la mobilité résidentielle, permet de mieux appréhender les rouages et les conséquences spatiales d’une...

The dynamics of hourly electricity prices in day-ahead markets is an important element of competitive power markets that were only established in the last decade. In electricity markets, the market microstructure does not allow for continuous trading, since operators require advance notice in...

This paper applies different copulas in order to investigate the complex dependence structure between EU emission allowance (EUA) futures returns and those of other commodities, equity and energy indices. The analysis yields important insights into the relationship between carbon, commodities...

In this paper, we aim at forecasting the stochastic volatility of key financial market variables with the Kalman filter using stochastic models developed by Taylor (1986, 1994) and Nelson (1990). First, we compare a stochastic volatility model relying on the Kalman filter to the conditional...

Hierarchical clustering is a popular method for finding structure in multivariate data, resulting in a binary tree constructed on the particular objects of the study, usually sampling units. The user faces the decision where to cut the binary tree in order to determine the number of clusters to...

The international market of wine has been characterized by growing competition, expecially in recent years. Wine is one of the main agroalimentary products for Italian export. From wine export depends Italian balance of trade. In this context, the study aims to identify the role of quality wine,...