Most of Basel II and III financial regulations are based on data, treated in a statistical mindset. While regulators call for forward-looking risk management, they suggest no time-based modeling approach. In macroeconomic catastrophes modeling, this is a great setback. This paper reports the...

Developing economies, like Nigeria, have historically been reluctant to admitting more than a moderate degree of exchange rate flexibility due to the fear that such variations might feed into domestic prices. The potential vulnerability of small and open economies to exchange rate pass-through...

This study aims to examine the situation, general management and performance of international private transportation services for passengers between Thailand and the Laos PDR at the Thai-Laos Friendship Bridge check point, Nong Khai Province. Other objectives are to analyze the market structure,...

Agriculture in the EU is strongly influenced by public policies. Most of the existing economic models which provide ex-ante analyses are defined on a more or less aggregated level, which ignores the underlying heterogeneity among farms in Europe. This paper presents a model which fills this gap,...

The need to reduce emissions of greenhouse gases has been placed in recent years. The improvement in the efficiency of use is one of the pillars of the energy policies in most countries. Particularly, in Spain, rates of energy intensity are among the highest in the European Union. With an...

The aim of this paper is to derive the optimal inflation rate for the Euro Area (EA) countries from the relationship between relative price variability (RPV). In order to achieve the above stated goal, we have utilized monthly data for the Harmonized Index of Consumer Prices between January 1997...

‘Creative class’ as a source of growth has gained increasing awareness in recent years. However, creative people are not spread equally; instead tend to concentrate within particular locations across space. According to Florida, a main factor in explaining differences in growth and...

Estimate the impact of public debt on productivity and investments Empirical analysis, panel data, threshold models Debt impacts negatively on the determinants of growth There is evidence of asymmetric effects

In recent years Germany - like other countries  - has followed strategies to expand the share of renewable energy (RE) in the electricit y and heating market. Looking at realized investments and the dynamics of market penetrat ion of RE technologies the country is in the position of a...

Switzerland is already and will continue to be affected by climate change. In its fourth assessment report, the IPCC indeed predicts a temperature increase of approximately 2 °C during winter and 2.5 °C during summer until 2050 compared to 1990 levels. By then, precipitation is estimated to...