This paper uses a global vector autoregressive (GVAR) model to analyze the relationship between FDI inflows and output dynamics in a multi-country context. The GVAR model enables us to make two important contributions: First, to model international linkages among a large number of countries,...

This paper focuses on Austrian outbound foreign direct investment (FDI, measured by sales of Austrian affiliates abroad) in Europe over the period 2009–2013, using a spatial Durbin panel data model specification with fixed effects, and a spatial weight matrix based on the first-order...

This paper develops a multivariate regime switching monetary policy model for the US economy. To exploit a large dataset we use a factor-augmented VAR with discrete regime shifts, capturing distinct business cycle phases. The transition probabilities are modelled as time-varying, depending on a...

This paper addresses the effect of liberalisation and transformation in Eastern Europe on international trade flows between specific West and East European countries belonging to the Rhine-Main-Danube area. The discussion is focused on volume and direction of trade effects using a simple, but...

The contributions in this volume explore the relationship between processes of technological innovation, their network characteristics and their local and regional development impacts. Case studies, empirical evidence and conceptual perspectives provide insights on the local effects of...

The book reconsiders the issue of regional development from a European perspective in light of transition of society towards a knowledge-driven economy. It integrates research findings from a broad area including: economics, transportation, geography and regional science. In particular, it...

Although it is agreed that the dual development of monetary integration and territorial enlargement are likely to generate profound effects on European spatial structure, in both West and East, much uncertainty centres around the question of what changes will be brought about. This book furthers...

What are the most favourable conditions for the generation of innovative ideas and forms of enterprise? Can they be stimulated by intervention policies? To what extent does the injection of new technology stimulate local economic development? Do Science Parks really work? It is increasingly...

In recent years, spatial analysis has become an increasingly active field, as evidenced by the establishment of educational and research programs at many universities. Its popularity is due mainly to new technologies and the development of spatial data infrastructures. This book illustrates some...