state tbed

This paper investigates the interactive impact of subsistence consumption and child mortality on fertility choice and child expenditure. In a macro-economic framework it proposes an indirect channel of geography’s influence on economic performance. It explains why it are the world’s unfavorably located regions where we observe exceedingly slow (if not stalled) economic development and demographic transition.

Local increasing returns associated with static and dynamic scale effects, knowledge spillovers, polarisation effects and the distance that separates different regions are among the most important driving forces behind the dynamics of economic and technological convergence. This paper puts forward a computational simulation model that seeks to integrate these factors.

The review of the empirical growth literature focuses on growth differences between countries, as opposed to differences across individuals.

A well-grounded empirical and theoretical literature shows that local production systems can benefit from external economies generated by a shared ‘industrial atmosphere. This paper aims at contributing to this field of studies by entering into the black box of the ‘industrial atmosphere’ reconstructing the informal contacts underpinning collective learning in a local production system. The study is based on empirical evidence collected at firm level in a an Italian wine local system and uses methods of network analysis.

the author presents an original approach to the determination of the equilibrium trajectory of some dynamic processes in socio-economic systems and the level of inequality for such structures. A graphical presentation of the examples and comparative analysis with the data on all the U.S. states also is provided.

The author analyzes the international evidence on current account reversals using both non-parametric techniques as well as panel regressions. The results from this empirical investigation indicate that major current account reversals have tended to result in large declines in GDP growth.

The book encapsulates the ways and means of doing business with China, and the opportunities out there. It reveals how China has transformed itself for the investors by creating a friendly environment; but,nevertheless, cultural and social aspects must not be forgotten while dealing with them.

This paper investigates the effect of a positive technology shock on per capita hours worked within the class of Bayesian Vector Auto-Regressive models. The authors find that the estimation of the VAR yields significantly different estimates under competing priors.

This study evaluates the performance of the eight most important Swedish domestic forecasters of real GDP-growth, CPI-inflation and unemployment for the sample period 1993-2001. The evaluation is based on the following measures: mean absolute error, the root mean square error, bias and finally directional accuracy.

The present paper relies on the price mechanisms of the Helpman model in developing spatial-econometric models for regional price level and its major components. By evaluating a south German sample, first evidence on the empirical significance of NEG-based price level models is provided.