We propose a semiparametric geoadditive negative binomial model of industrial location which allows to simultaneously address some important methodological issues, such as spatial clustering and nonlinearities, which have been only partly addressed in previous studies. We apply this model to...

The literature on collective reputation is still in its infancy. Despite the existence of a (limited) number of valuable theoretical works studying the process of collective reputation building, there is still no comprehensive analysis of this concept. In addition, due to data limitation, there...

The paper concerns production process innovation in an existing hybrid governance form. Adopting a Transaction Cost Economics perspective, we consider process innovation here in the conceptual context of the organization of production and technological change. It is assumed that the determinants...

In this paper we investigate wholesale electricity prices integration process in the main European markets. After reforms introduced in the last decades in Europe, wholesale electricity prices are now determined in regulated markets. However, while market institutional frameworks show several...

This study finds strong empirical evidence in favor of the hypothesis that age composition of population matters for labor productivity growth. We applied the fixed effects panel model using data of large number of countries over the period 1980-2005. Our results suggest that higher age...

The aim of this paper is to outline results of investigations into the degree of the Polish and Slovak equity market integration with the euro area equity market. In investigations was used monthly data from the 1999:01-2011:12 period concerning the yield performance of the following indices:...

Benefits deriving from the introduction of flexibility into the labour market have not been equally distributed between demand and labour supply. Labour flexibility introduced new margins of efficiency, but GDP does not grow. The Italian firms have failed in the face of change in the...

In this paper we use a Markov-switching vector autoregressive model to analyse the interest rate pass-through between interbank and retail bank interest rates in the Euro area. Empirical results, based on monthly data for the period 2003-2011, show that during periods of financial distress bank...

In this paper we pursue two objectives: firstly we construct a theory based behavioral model of electricity demand in the Italian market; secondly we measure demand elasticity at hourly level, directly from consumer behavior. This is a novel approach providing the first attempt in the literature...