This paper tests the empirical validity of the neoclassical migration model to predict German internal migration flows. We estimate static and dynamic migration functions for 97 Spatial Planning Regions between 1996--2006 using key labour market signals including income and unemployment...

This paper explores the relation between stock prices and the current account for 17 OECD countries in 1980-2007. I use a panel vector autoregression (VAR) to compare the effects of stock price shocks to those originating from monetary policy and exchange rates. While monetary policy shocks have...

I investigate the transmission of U.S. stock price shocks to real activity and prices in G-7 countries using a multicountry vector autoregressive (VAR) model. I achieve identification by imposing a small number of sign restrictions on impulse responses, while controlling for monetary policy,...

This paper searches statistical evidence of tax harmonization initiated and motivated by EU Commission since 1980. The purpose of energy tax harmonization is to reach more efficient use of energy among members and thereby to establish more competitive markets in EU. The tax harmonization in EU,...

The relationships between emissions ad economic drivers differ substantially both across countries and across sectors. In this paper I investigate cross-sector heterogeneity of emissions (CO2 and SOx) / investments relationships of Italian branches for the period 1990-2006 by using the Italian...

The paper’s main objective is to investigate the empirical link between the fiscal balance and the current account (i.e. the twin deficits phenomenon). The paper focuses on the EU member states and candidate countries which are according to their different (e.g. historical, political,...

Corporate Growth is a concept that has been widely treated in a specific way or as part of strategy theories, in definition and in econometric models and has also been studied in many different aspects and approaches. The author describes in depth the main variables affecting corporate growth...

Benin is predominantly an agricultural country which accounted for 39% of GDP with 70% economically active population in the agricultural sector, that year. Small, independent farmers produce 90% of agricultural output, but only about 17% of the total area is cultivated, much of it in the form...

This paper studies the effects of privatization and non-ownership-change reforms on firms’ productivity in China. As one of the most prominent empirical challenges in China privatization studies, endogeneity problems are addressed with a first-difference instrumental variable GMM estimation....

This paper investigates the effects of government spending on private consumption and investment in the European Union. A certain consensus has been reached on the expansionary Keynesian effects on the economic activity of fiscal impulses. However, the existing empirical literature has...