Along with the entry into force of the new European Directive 2010/31/EU on the Energy Performance of Buildings (EPBD recast), each Member State has the responsibility of supporting activities for the construction of nearly zero energy buildings with a very high energy performance. In order to...

Using a panel fractional regression model to evaluate the determinants of shares of international investment positions, we find some strong empirical support to the claim that a diversification motive is relevant. It turns out that less synchronized economies attract larger portfolio investment...