According to the economic theory of crime, a rise in expected punishment (the product of probability and severity of punishment) results in a reduction of crime due to deterrence. What appears to be a simple and straightforward hypotheses turns out to be a demanding task for empirical...

In this paper we analyse the effect of R&D co-operation on firms? innovation performance. We investigate the effect of past co-operation on current sales of innovative products, distinguishing between products new to the firm and new to the market, and on cost reductions due to innovative...

This study examines the relationship between education and income in Texas counties that are located along the border with Mexico. Estimation results confirm ealrier research results for this region. Parameter heterogeneity underscores the increased importance of education in the...

Similar to many communities throughout the United States, the City of El Paso, Texas utilizes property tax abatements as a means for inducing companies to invest in the local economy. Abatements in El Paso were first introduced in 1988. Although many studies have examined the effectiveness of...

In many countries the state heavily intervenes in the agricultural sector. For instance, domestic prices of agricultural products are regulated by import quotas, export subsidies and intervention prices. Furthermore, coupled or decoupled payments as well as several other subsidies (e.g. for...

Prior research on the impacts of public capital stocks on economic growth has generally used either national macroeconomic or multijurisdictional regional data. This study attempts to contribute to this area of the discipline by using time series data for a single metropolitan economy. To allow...

In this paper, we try to answer if the empirical evidence on the Greek fiscal policy has been consistent with the government intertemporal budget constraint during two tested periods, 1833 to 2009 and 1960 to 2009. The recent Greek debt crisis provides a unique opportunity to test whether...

This work explores the roles of potential simultaneity and heterogeneity in determining firms’ decisions to engage in R&D collaboration, using a sample of Italian manufacturing firms. Collaboration with other firms, research institutions, universities and other small centres are considered...