This paper studies the labour force participation dynamics of older couples in the United States. Longitudinal data from the five available waves of the Health and Retirement Study (HRS) is used to investigate if the dynamics introduced by considering both spouses? behavior provide additional...

Credit subsidies in targeted industrial sectors or geographical areas are a primary mechanism of industrial and redistributive policy throughout the world. Using a unique panel of bank-firm relationships, we study the impact of interest-rate subsidies on the total amount of borrowing and on the...

This paper studies asymptotically the bias of the fixed effect (FE) estimator induced by cross-section heterogeneity in the slope parameters of stationary vector autoregressions (VARs). The paper also compares the FE, the mean group estimator (MG), and a simple instrumental variable alternative...

This study examines the regional divide for Mexican manufacturing. Mexico's north-south disparity is widely noted, but rarely analyzed empirically and at detailed regional level. We use a panel of municipality-level data to estimate regional production functions. An important contribution is the...

This study examines the regional divide for Mexican manufacturing. Mexico's north-south disparity is widely noted, but rarely analyzed empirically and at detailed regional level. We use a panel of municipality-level data to estimate regional production functions. An important contribution is the...

This paper analyses trade specialisation dynamics in two Eastern European countries (Romania and Bulgaria – EEC-2) vis-à-vis the core EU member states (EU-15) over the period 1990-2006. Specifically, we focus on whether there is a shift towards intra-industry trade leading to economic...