There is a significant controversy among academics and policy-makers about whether policies matter for economic growth, according to the authors. In a cross-section of 91 countries, policy volatility emerges as a key determinant of macroeconomic performance.
This paper aims at analyzing regional development in Brazil regarding its financial conditions. It departs from the features of the federalism and decentralization in Brazil, as well as the state and local expenditures. Conclusions highlight the importance of financial sector as one of the influential aspects of regional imbalances in Brazil.
The aim of this paper is to discuss the idea that knowledge externalities, as discussed in the Endogenous Growth Theory, can be spread over any kind of space. It is argued that there are some peripheral structural conditions that constrain the generation, transfer and absorption of knowledge externalities.
This paper synthesizes the literatures on labor dynamics and urban growth and agglomeration by presenting new evidence on the micro-level establishment dynamics of metropolitan areas. The author explores how the patterns of job reallocation and entry and exit affect the growth and composition of these areas.
This paper focuses on competition policy in the European Union from an economic, micro-governance point of view. It analyses recent developments in economic governance in the field of the common competition policy.
The earliest U.S. antitrust laws were adopted after technological changes — most importantly, the development of a national railway network — made the U.S. political union a single economic market, according to the authors.
The earliest U.S. antitrust laws were adopted after technological changes — most importantly, the development of a national railway network — made the U.S. political union a single economic market, according to the authors.
This study examines current research in nanotechnology related to environmental applications and covers both research focusing on nanotechnology applications designed to benefit the environment, and
developments that may present environmental risks and potential threats.
This paper investigates the relationship between monetary policy and the changes experienced by the US economy using a small scale New-Keynesian model. The model is estimated with Bayesian techniques and the stability of policy parameter estimates and of the transmission of policy shocks examined.
The authors construct an overlapping generations model for the small open economy incorporating a realistic description of the mortality process. The model is flexible and can be applied to a wide variety of theoretical and policy issues.